(FSMD) Fidelity Small-Mid Factor - Ratings and Ratios
Stocks, Small-Cap, Mid-Cap, U.S
Dividends
| Dividend Yield | 1.32% |
| Yield on Cost 5y | 2.27% |
| Yield CAGR 5y | 8.87% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk via 10d forecast | |
|---|---|
| Volatility | 16.0% |
| Value at Risk 5%th | 25.6% |
| Relative Tail Risk | -2.72% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.10 |
| Alpha | -8.85 |
| CAGR/Max DD | 0.66 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.400 |
| Beta | 0.924 |
| Beta Downside | 0.949 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.16% |
| Mean DD | 4.31% |
| Median DD | 3.43% |
Description: FSMD Fidelity Small-Mid Factor November 13, 2025
The Fidelity Small-Mid Factor ETF (FSMD) allocates at least 80% of its net assets to the Fidelity Small-Mid Multifactor Index, which targets U.S. small- and mid-cap stocks that exhibit relatively low valuation multiples, strong quality metrics, positive price momentum, and lower volatility versus the broader market as measured by the Fidelity U.S. Extended Investable Market Index.
As of the latest filing, FSMD carries an expense ratio of 0.25% and manages roughly $1.2 billion in assets, with an average turnover of about 30% per year-indicative of a moderately active rebalancing process to maintain factor exposures. Recent data (Q2 2024) show the fund’s 12-month return at 9.8%, outperforming the Russell 2000’s 7.3% while delivering a Sharpe ratio of 0.78, reflecting its volatility-adjusted edge. The fund’s performance is especially sensitive to U.S. GDP growth and monetary-policy shifts, as small- and mid-cap earnings tend to react more sharply to changes in consumer spending and credit conditions than large-cap peers.
For a deeper quantitative breakdown of FSMD’s factor tilts and sector composition, you might explore ValueRay’s analytics platform, which can help you assess whether its current risk-return profile aligns with your investment thesis.
What is the price of FSMD shares?
Over the past week, the price has changed by +1.53%, over one month by +2.81%, over three months by +2.36% and over the past year by +4.82%.
Is FSMD a buy, sell or hold?
What are the forecasts/targets for the FSMD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 50.2 | 11.4% |
FSMD Fundamental Data Overview December 05, 2025
Beta = 1.08
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.85b USD (1.85b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.85b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.85b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.42% (E(1.85b)/V(1.85b) * Re(9.42%) + (debt-free company))
Discount Rate = 9.42% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FSMD ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle