Fidelity InvestmentsSmall BlendFSMD · NYSE Arca

Fidelity Small-Mid Multifactor ETF (FSMD)

Compare Multifactor & Other ETFs Compare with others

Price: $50.25; —30 Oct 2026
Assets: $2.5B; Total net assets
Expense ratio: 0.15%; Category 0.96%
Yield: 1.32%; Trailing distributions

1Y return: 18.3%+0.4%; Category 17.9%
3Y CAGR: 19.7%+0.5%; Category 19.2%
5Y CAGR: 9.0%+2.3%; Category 6.6%

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	+2.2%	-0.6%	+3.2%	+15.1%	+18.3%	+19.7%	+9.0%	—	+11.1%
Small Blend average	2.3%	-2.1%	3.2%	15.4%	17.9%	19.2%	6.6%	10.7%	11.3%
Difference	0.0%	+1.5%	0.0%	-0.3%	+0.4%	+0.5%	+2.3%	—	-0.2%

Holdings

The 9 largest positions make up 3.8% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
P	Everpure Inc Class A	0.73%
GH	Guardant Health Inc	0.44%
NVT	nVent Electric PLC	0.44%
THC	Tenet Healthcare Corp	0.40%
INCY	Incyte Corp	0.38%
NTNX	Nutanix Inc Class A	0.37%
SNX	TD Synnex Corp	0.36%
RVTY	Revvity Inc	0.36%
DINO	HF Sinclair Corp	0.36%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 16.9
P/B: 2.3
P/S: 1.5
P/CF: 10.6

Sector allocation

Share of the equity the fund holds.

Technology17.8%
Industrials16.6%
Financial services16.5%
Health care15.8%
Consumer discretionary10.2%
Real estate6.6%
Energy4.5%
Consumer staples3.5%
Communication services3.3%
Materials3.2%
Utilities2.1%

Asset mix

Stocks99.9%
Cash0.7%

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 (7.7 years)
Structure: Exchange Traded Fund
Expense ratio: 0.15% (category 0.96%)
Holdings turnover: 51% (category 61%)
Distribution yield: 1.32%
Beta, 3 years: 0.97
Total net assets: $2.5B

Prices and returns as of 30 Oct 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