FSMD ETF Analysis: Fidelity Small-Mid Factor | NYSE
Small Blend | NYSE, USA | Market Cap: 2.516m USD | 12M Return: 16.1% | US3160925273 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.60M
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.
FSMD is a passively managed ETF that seeks to track the Fidelity Small-Mid Multifactor Index, investing at least 80% of its assets in small- and mid-cap U.S. companies that screen well across four factor characteristics: attractive valuations, high quality fundamentals, positive price momentum, and lower volatility than the broader market.
The fund uses a multifactor or smart-beta approach, which combines multiple investment styles into a single rules-based strategy rather than relying on a traditional market-cap-weighted index. Its performance benchmark is the Fidelity U.S. Extended Investable Market Index, which represents a broader universe of U.S. stocks.
FSMD launched in February 2019 and is classified within the Small Blend category, meaning it targets companies that fall between small- and mid-cap sizes with a blend of growth and value characteristics.
- Small-mid cap valuations trade at steep discount to large caps
- Fed rate cuts ease borrowing costs for smaller firms
- Value and quality factor rotation accelerates fund inflows
As of September 27, 2026, the stock is trading at USD 49.84 with a total of 144,595 shares traded. Over the past week, the price has changed by -0.08%, over one month by -3.07%, over three months by -4.84% and over the past year by +16.07%.
Current recommended Stop Loss: 49.10 (which is 1.5% or 1.4 ATR below the current price).
Fidelity Small-Mid Factor has no consensus analysts rating.