(FFSM) Fidelity Small-Mid Cap - Overview

ETF Category: Mid-Cap Blend | Exchange: BATS (USA) | Market Cap: 1.267m USD | Total Return: 37.7% in 12m

Small-Cap Stocks, Mid-Cap Stocks, Domestic Equities, Foreign Equities
Total Rating 66
Safety 58
Buy Signal 0.03
Mid-Cap Blend
Category Rotation: +0.5
TER: 0.43%
AUM: 1.27B
Avg Turnover: 3.89M
Risk 3d forecast
Volatility17.7%
VaR 5th Pctl3.16%
VaR vs Median-0.79%
Reward TTM
Sharpe Ratio1.64
Rel. Str. IBD66.9
Rel. Str. Peer Group73.8
Character TTM
Beta1.127
Beta Downside1.177
Hurst Exponent0.474
Drawdowns 3y
Max DD24.78%
CAGR/Max DD0.85
CAGR/Mean DD5.09

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FFSM Fidelity Small-Mid Cap

The Fidelity® Small-Mid Cap Opportunities ETF (FFSM) is an actively managed, non-diversified fund targeting domestic and foreign growth through small and medium market capitalization companies. It maintains a mandate to invest at least 80% of its assets in securities with market caps comparable to those found in the Russell 2500 Index.

Operating under a specific SEC exemptive order, FFSM utilizes a semi-transparent structure that does not require the public disclosure of its full portfolio holdings on a daily basis. This business model allows active managers to execute trades without exposing their full strategy to front-running or replication by high-frequency traders.

The mid-cap blend category typically captures companies transitioning from early-stage growth to established market leadership, often providing a balance of risk and capital appreciation potential. You can examine detailed valuation metrics for these underlying holdings on ValueRay. Small and mid-cap equities historically exhibit higher volatility than large-cap stocks but may offer greater agility in shifting economic cycles.

Headlines to Watch Out For
  • Cyclical economic growth accelerates earnings for Russell 2500 benchmarked constituents
  • Federal Reserve interest rate pivots impact small-cap borrowing and refinancing costs
  • Active management strategy seeks alpha through non-disclosed proprietary stock selection
  • Domestic industrial production trends drive revenue for mid-market manufacturing holdings
  • Strengthening US dollar creates headwind for funds foreign security valuations
What is the price of FFSM shares?

As of May 31, 2026, the stock is trading at USD 35.91 with a total of 100,448 shares traded.
Over the past week, the price has changed by +1.27%, over one month by +3.64%, over three months by +5.50% and over the past year by +37.69%.

Is FFSM a buy, sell or hold?

Fidelity Small-Mid Cap has no consensus analysts rating.