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FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:69Neutral
Price Target:―
Positive Factors
Low Expense Ratio
The ETF has a very low expense ratio, making it cost-effective for investors compared to similar funds.
Sector Diversification
The fund is spread across multiple sectors, including Industrials, Financials, and Technology, reducing reliance on any single industry.
Strong Asset Growth
The ETF has a healthy level of assets under management, indicating investor confidence and stability.
Negative Factors
Over-Concentration in U.S. Market
Nearly all of the fund’s geographic exposure is in the U.S., limiting diversification across global markets.
Mixed Top Holdings Performance
While some top holdings have performed well, others have shown weaker year-to-date gains, potentially dragging on overall returns.
Small Real Estate Allocation
The ETF has limited exposure to Real Estate, which may reduce its ability to benefit from growth in this sector.
FSMD vs. SPDR S&P 500 ETF (SPY)
AUM1.88B
RegionNorth America
Expense Ratio0.15%
Beta0.90
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.35%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume84,402
30 Day Avg. Volume143,411
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
51.33Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering590
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FSMD Summary
The Fidelity Small-Mid Multifactor ETF (FSMD) is an investment fund that focuses on small to mid-sized companies in the U.S., offering exposure to a mix of growth and value stocks. It uses a strategy to select companies with strong potential, targeting industries like technology, healthcare, and financials. Some of its top holdings include Pure Storage and EMCOR Group. Investors might consider FSMD for diversification and the opportunity to invest in companies with room to grow. However, it’s important to note that small and mid-sized companies can be more volatile, meaning their stock prices may rise or fall quickly.
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
The Fidelity Small-Mid Multifactor ETF (FSMD) is leaning heavily on industrials and financials, which together form a significant chunk of its portfolio. Comfort Systems and Ciena are rising stars, with strong earnings and growth momentum driving performance, while Pure Storage and EMCOR Group are lagging, weighed down by valuation concerns and bearish trends. The fund’s U.S.-focused exposure and emphasis on small to mid-sized companies provide a dynamic mix of growth and innovation, though its reliance on certain sectors may amplify volatility in shifting market conditions.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Anglogold Ashanti PLC | 0.67% | $12.61M | $41.62B | 205.94% | 73 Outperform | |
| Comfort Systems | 0.63% | $11.82M | $35.32B | 115.48% | 77 Outperform | |
| Ciena | 0.60% | $11.33M | $28.45B | 200.41% | 74 Outperform | |
| Reddit Inc Class A | 0.51% | $9.58M | $44.36B | 51.96% | 75 Outperform | |
| EMCOR Group | 0.49% | $9.23M | $27.92B | 32.66% | 73 Outperform | |
| United Therapeutics | 0.49% | $9.18M | $21.07B | 30.66% | 79 Outperform | |
| Flex | 0.46% | $8.68M | $23.08B | 78.06% | 74 Outperform | |
| Tapestry | 0.46% | $8.62M | $23.80B | 91.02% | 69 Neutral | |
| Pure Storage | 0.43% | $8.04M | $23.15B | 17.83% | 67 Neutral | |
| Tenet Healthcare | 0.41% | $7.69M | $18.46B | 48.32% | 74 Outperform |
FSMD Technical Analysis
Positive
―
Price Trends
43.52
Positive
43.28
Positive
41.39
Positive
Market Momentum
0.26
Negative
56.52
Neutral
63.67
Neutral
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 43.54, equal to the 50-day MA of 43.52, and equal to the 200-day MA of 41.39, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 56.52 is Neutral, neither overbought nor oversold. The STOCH value of 63.67 is Neutral, 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
44.14
1.20
2.79%
SDVY
First Trust SMID Cap Rising Dividend Achievers ETF
―
―
―
PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
―
―
―
JMEE
JPMorgan Market Expansion Enhanced Equity ETF
―
―
―
USVM
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
―
―
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TMSL
T. Rowe Price Small-Mid Cap 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.
Disclaimer
This 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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