FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:70Neutral
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)
AUM2.50B
RegionNorth America
Expense Ratio0.15%
Beta0.88
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.3%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume183,965
30 Day Avg. Volume117,014
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
60.54Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering598
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 driven by a handful of energetic U.S. small and mid-caps, with tech, industrials, and health care sharing the spotlight. TD SYNNEX and MKS Instruments have been rising for the fund over the year, even if MKS has hit a recent soft patch. Guardant Health and Permian Resources are also pulling their weight with strong momentum, while Tenet Healthcare adds steady support. Loews, by contrast, has been more of a quiet passenger than a performance engine. Overall, the ETF is diversified, with no single name dominating the ride.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Everpure | 0.57% | $14.24M | $34.70B | 29.38% | 64 Neutral | |
| Guardant Health | 0.44% | $10.88M | $24.07B | 190.85% | 61 Neutral | |
| nVent Electric | 0.42% | $10.61M | $25.55B | 59.04% | 76 Outperform | |
| Tenet Healthcare | 0.41% | $10.21M | $21.10B | 34.48% | 74 Outperform | |
| Incyte | 0.39% | $9.72M | $25.40B | 47.11% | 81 Outperform | |
| HF Sinclair Corporation | 0.38% | $9.48M | $20.61B | 108.53% | 68 Neutral | |
| TD SYNNEX Corporation | 0.37% | $9.21M | $21.28B | 84.55% | 73 Outperform | |
| Nutanix | 0.36% | $8.98M | $18.87B | -7.08% | 62 Neutral | |
| Semtech | 0.36% | $8.95M | $17.27B | 188.26% | 69 Neutral | |
| Permian Resources | 0.36% | $8.90M | $19.06B | 64.20% | 81 Outperform |
FSMD Technical Analysis
Negative
―
Price Trends
51.13
Negative
50.68
Negative
48.10
Positive
Market Momentum
-0.41
Positive
40.52
Neutral
28.94
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FSMD, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 50.65, equal to the 50-day MA of 51.13, and equal to the 200-day MA of 48.10, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 40.52 is Neutral, neither overbought nor oversold. The STOCH value of 28.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FSMD.
FSMD Peer Comparison
Comparison Results
Performance Comparison
FSMD
Fidelity Small-Mid Multifactor ETF
50.08
6.53
14.99%
CGMM
Capital Group U.S. Small and Mid Cap ETF
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TMSL
T. Rowe Price Small-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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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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