FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains so far this year and in recent months, suggesting its strategy has been working in the current market.
Low Expense Ratio
The fund’s relatively low annual fee means more of any returns stay in investors’ pockets instead of going to costs.
Broad Sector Diversification
Holdings spread across many sectors, including industrials, technology, financials, and health care, help reduce the impact if one industry struggles.
Negative Factors
Heavy U.S. Concentration
With almost all assets in U.S. companies, the fund offers little protection if the U.S. market faces a downturn.
Small Individual Position Sizes
Each top holding makes up only a small slice of the portfolio, which can limit the impact of even strong-performing stocks on overall returns.
Exposure to Cyclical Sectors
Significant weights in economically sensitive areas like industrials, consumer cyclical, and financials may make the fund more vulnerable during economic slowdowns.
FSMD vs. SPDR S&P 500 ETF (SPY)
AUM2.44B
RegionNorth America
Expense Ratio0.15%
Beta0.89
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.21%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume104,312
30 Day Avg. Volume130,079
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
57.94Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering593
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 smaller and mid-sized U.S. companies across many sectors, including industrials, technology, and financials. It holds well-known names like SanDisk and Ciena, giving investors a way to spread their money across many growing businesses that are often missed by large‑cap funds. Someone might invest in FSMD to seek long-term growth and diversification beyond the biggest household-name stocks. A key risk is that small and mid-sized company shares can be more volatile and can go up and down 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 being written largely by its tech and industrial names, with U.S.-focused holdings like SanDisk, Ciena, and Lumentum providing much of the recent lift as demand for data, AI, and networking gear keeps those stocks rising. Comfort Systems and Flex add steady industrial muscle, though their rich valuations could cap some upside. On the flip side, Anglogold Ashanti and TechnipFMC have been more mixed, occasionally tugging on returns. Overall, the fund leans into U.S. small- and mid-cap tech and industrials, rather than any single star stock.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| SanDisk Corp | 2.98% | $71.69M | $218.98B | 4063.30% | 55 Neutral | |
| Ciena | 1.21% | $29.02M | $82.54B | 631.50% | 70 Outperform | |
| Lumentum Holdings | 1.11% | $26.65M | $73.67B | 1062.19% | 61 Neutral | |
| Comfort Systems | 1.03% | $24.78M | $64.36B | 288.04% | 80 Outperform | |
| Coherent Corp | 0.88% | $21.28M | $73.87B | 369.70% | 66 Neutral | |
| Flex | 0.84% | $20.29M | $48.53B | 237.19% | 74 Outperform | |
| Anglogold Ashanti PLC | 0.67% | $16.01M | $45.77B | 126.19% | 73 Outperform | |
| EMCOR Group | 0.61% | $14.79M | $37.73B | 81.12% | 73 Outperform | |
| Casey's General | 0.55% | $13.21M | $30.49B | 80.87% | 68 Neutral | |
| TechnipFMC | 0.48% | $11.46M | $28.30B | 136.07% | 80 Outperform |
FSMD Technical Analysis
Positive
―
Price Trends
47.66
Positive
46.83
Positive
45.16
Positive
Market Momentum
0.56
Negative
62.62
Neutral
91.37
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 49.45, equal to the 50-day MA of 47.66, and equal to the 200-day MA of 45.16, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 62.62 is Neutral, neither overbought nor oversold. The STOCH value of 91.37 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
50.17
10.28
25.77%
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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PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
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TMSL
T. Rowe Price Small-Mid Cap 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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