FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:70Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Results
The ETF has delivered strong gains so far this year, showing solid recent performance for investors.
Broad Sector Diversification
Holdings spread across many sectors, including industrials, financials, technology, and health care, help reduce the impact if any one industry struggles.
Low Expense Ratio
The fund’s relatively low fee means more of the ETF’s returns stay in investors’ pockets instead of going to costs.
Negative Factors
Heavy U.S. Focus
With almost all assets in U.S. companies, the fund offers little geographic diversification and is highly tied to the U.S. economy.
Short-Term Performance Bumpiness
The ETF’s recent one-month return has been slightly negative, showing that short-term results can be choppy even when longer-term performance is stronger.
Concentrated in Industrials and Financials
A relatively large share of the portfolio in industrial and financial stocks means the fund could be more affected if these sectors weaken.
FSMD vs. SPDR S&P 500 ETF (SPY)
AUM2.60B
RegionNorth America
Expense Ratio0.15%
Beta0.89
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.25%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume91,622
30 Day Avg. Volume114,765
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
59.62Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering586
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FSMD Summary
FSMD, the Fidelity Small-Mid Multifactor ETF, tracks the Fidelity Small-Mid Multifactor Index and focuses on U.S. small and mid-sized companies across many sectors, including industrials, financials, technology, and health care. It holds well-known names like SanDisk Corp and Casey’s General, giving investors a broad mix of growing businesses that are smaller than the giants in the S&P 500. Someone might invest in FSMD to diversify beyond large-cap stocks and seek long-term growth from companies with room to expand. A key risk is that smaller companies can be more volatile, so the share price can rise and fall more sharply than the overall market.
How much will it cost me?The Fidelity Small-Mid Multifactor ETF (FSMD) has an expense ratio of 0.16%, which means you’ll pay $1.60 per year for every $1,000 invested. This is lower than average for ETFs because it is passively managed, focusing on tracking an index rather than actively selecting stocks.
What would affect this ETF?The Fidelity Small-Mid Multifactor ETF (FSMD) could benefit from economic growth in the U.S., particularly if small and mid-sized companies in sectors like Industrials, Technology, and Consumer Cyclical continue to innovate and expand. However, rising interest rates or economic slowdowns could negatively impact these smaller companies, especially in sectors like Financials and Real Estate, which are sensitive to borrowing costs and market conditions.
FSMD Top 10 Holdings
FSMD’s story is all about U.S. small and mid-caps, with a noticeable tilt toward industrials, tech, and financials rather than the usual mega-cap stars. SanDisk is one of the bigger engines here, rising over the year but recently losing a bit of spark, while Flex and TechnipFMC have been steady climbers helping to pull the fund forward. On the flip side, names like Ciena and Lumentum have shown mixed, sometimes lagging action, reminding investors that this diversified, factor-driven basket can still hit a few potholes even as its core sectors stay in gear.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| SanDisk Corp | 2.33% | $58.32M | $179.90B | 2929.94% | 55 Neutral | |
| Comfort Systems | 0.87% | $21.88M | $60.88B | 153.30% | 80 Outperform | |
| Ciena | 0.78% | $19.51M | $53.37B | 321.67% | 70 Outperform | |
| Lumentum Holdings | 0.75% | $18.72M | $55.54B | 601.78% | 61 Neutral | |
| Flex | 0.66% | $16.48M | $41.68B | 130.56% | 74 Outperform | |
| Coherent Corp | 0.61% | $15.27M | $51.43B | 169.94% | 66 Neutral | |
| Revolution Medicines | 0.59% | $14.77M | $39.87B | 390.72% | 52 Neutral | |
| Casey's General | 0.54% | $13.64M | $32.23B | 64.43% | 68 Neutral | |
| EMCOR Group | 0.52% | $13.13M | $35.17B | 29.91% | 73 Outperform | |
| Tapestry | 0.50% | $12.43M | $30.79B | 39.09% | 69 Neutral |
FSMD Technical Analysis
Positive
―
Price Trends
51.13
Positive
49.20
Positive
46.93
Positive
Market Momentum
0.19
Negative
56.13
Neutral
81.29
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FSMD, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 51.16, equal to the 50-day MA of 51.13, and equal to the 200-day MA of 46.93, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 56.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FSMD.
FSMD Peer Comparison
Comparison Results
Performance Comparison
FSMD
Fidelity Small-Mid Multifactor ETF
51.90
10.71
26.00%
CGMM
Capital Group U.S. Small and Mid Cap ETF
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JMEE
JPMorgan Market Expansion Enhanced Equity ETF
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TMSL
T. Rowe Price Small-Mid Cap ETF
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PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
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USVM
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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