FSMD ETF Analysis: Fidelity Small-Mid Factor | NYSE
US Small & Mid Cap Equity | NYSE, USA | Market Cap: 2.530m USD | 12M Return: 18.3% | US3160925273 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.7M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 7.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Fidelity Small-Mid Factor ETF (FSMD) is a passively managed exchange-traded fund that tracks the Fidelity Small-Mid Multifactor Index, committing at least 80% of its assets to the securities held in that underlying benchmark. The index is constructed to capture U.S. small- and mid-capitalization companies that screen well across four investment factors: attractive valuations, high quality fundamentals, positive price momentum, and lower volatility relative to the broader U.S. equity market.
As a multifactor strategy, the fund employs a rules-based methodology that systematically tilts toward stocks exhibiting multiple desired characteristics simultaneously, rather than relying on a single factor or active stock-picking. The benchmark it is measured against, the Fidelity U.S. Extended Investable Market Index, covers a broad swath of U.S. stocks across all market capitalizations, providing a comprehensive reference for evaluating the funds factor tilts. Listed on the NYSE and categorized within the small-blend segment, FSMD offers investors targeted exposure to the small-to-mid-cap segment of the U.S. equity market through a transparent, index-driven approach.
- Small-cap valuations re-rate as Fed pivots to rate cuts
- Multifactor tilt benefits from quality and momentum rotation
- Mid-cap M&A activity lifts small-mid index constituents
- Active ETF flows surge amid factor investing demand
As of October 31, 2026, the stock is trading at USD 50.25 with a total of 120,900 shares traded. Over the past week, the price has changed by +0.88%, over one month by +1.68%, over three months by -0.72% and over the past year by +18.27%.
Current recommended Stop Loss: 48.80 (which is 2.9% or 2.5 ATR below the current price).
Fidelity Small-Mid Factor has no consensus analysts rating.