Fidelity InvestmentsSmall BlendFSMD · NYSE Arca

Fidelity Small-Mid Multifactor ETF (FSMD)

Compare Multifactor & Other ETFs Compare with others

Price: $50.80; —11 Sept 2026
Assets: $2.5B; Total net assets
Expense ratio: 0.15%; Category 0.96%
Yield: 1.25%; Trailing distributions

1Y return: 15.3%-1.7%; Category 17.0%
3Y CAGR: 16.8%+0.9%; Category 15.8%
5Y CAGR: 9.9%+2.2%; Category 7.7%

Loading NAV history…

Fidelity Small-Mid Multifactor ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-3.4%	-1.4%	+15.7%	+15.9%	+15.3%	+16.8%	+9.9%	—	+11.4%
Small Blend average	-4.1%	0.0%	16.7%	16.6%	17.0%	15.8%	7.7%	10.5%	11.7%
Difference	+0.7%	-1.4%	-1.0%	-0.7%	-1.7%	+0.9%	+2.2%	—	-0.2%

Holdings

The 9 largest positions make up 3.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
P	Everpure Inc Class A	0.50%
THC	Tenet Healthcare Corp	0.41%
NVT	nVent Electric PLC	0.40%
GH	Guardant Health Inc	0.38%
INCY	Incyte Corp	0.37%
PR	Permian Resources Corp Class A	0.36%
NTNX	Nutanix Inc Class A	0.35%
L	Loews Corp	0.35%
SNX	TD Synnex Corp	0.34%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 17.5
P/B: 2.4
P/S: 1.5
P/CF: 11.0

Sector allocation

Share of the equity the fund holds.

Financial services17.0%
Industrials16.6%
Technology16.5%
Health care15.8%
Consumer discretionary10.6%
Real estate6.7%
Energy4.6%
Consumer staples3.6%
Communication services3.3%
Materials3.3%
Utilities2.1%

Asset mix

Stocks99.9%
Cash0.5%

Credit quality

Share of the bonds by rating.

US government0.0%

ETF details

Issuer: Fidelity Investments
Category: Equity · Small Blend
Ticker: FSMD
Exchange: NYSE Arca
Inception: 26 Feb 2019 (7.5 years)
Structure: Exchange Traded Fund
Expense ratio: 0.15% (category 0.96%)
Holdings turnover: 38% (category 61%)
Distribution yield: 1.25%
Beta, 3 years: 0.95
Total net assets: $2.5B

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other small blend ETFs

Other ETFs in the Small Blend category.

Compare Multifactor & Other ETFs