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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Fundamental Small-Mid Cap ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity Fundamental Small-Mid Cap ETF (FFSM) has returned 4.24% so far this year and 27.31% over the past 12 months.
Fidelity Fundamental Small-Mid Cap ETF
- 1D
- 3.63%
- 1M
- -6.13%
- YTD
- 4.24%
- 6M
- 9.66%
- 1Y
- 27.31%
- 3Y*
- 15.82%
- 5Y*
- 8.27%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 4, 2021, FFSM's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, your investment would double in approximately 6.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jul 2022 with a return of +11.1%, while the worst month was Jun 2022 at -11.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FFSM closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Apr 3, 2025 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.79% | 5.97% | -6.13% | 4.24% | |||||||||
| 2025 | 5.06% | -4.99% | -5.76% | -2.38% | 6.23% | 4.05% | 1.61% | 4.35% | 1.47% | 1.03% | 4.07% | 0.06% | 14.89% |
| 2024 | -0.90% | 6.56% | 5.12% | -5.83% | 4.66% | -2.27% | 7.19% | 0.40% | 1.25% | -1.93% | 9.14% | -8.27% | 14.38% |
| 2023 | 9.21% | -1.41% | -3.95% | -1.33% | -3.62% | 9.06% | 4.43% | -2.08% | -4.96% | -5.45% | 8.98% | 9.22% | 17.30% |
| 2022 | -6.93% | -0.20% | 0.58% | -7.95% | 1.11% | -10.95% | 11.11% | -3.04% | -9.47% | 10.45% | 5.25% | -4.70% | -16.35% |
| 2021 | 3.85% | 3.22% | 4.22% | 0.29% | -0.74% | 0.66% | 3.84% | -2.97% | 5.02% | -3.66% | 4.94% | 19.77% |
Benchmark Metrics
Fidelity Fundamental Small-Mid Cap ETF has an annualized alpha of -1.03%, beta of 1.07, and R² of 0.77 versus S&P 500 Index. Calculated based on daily prices since February 05, 2021.
- With beta of 1.07 and R² of 0.77, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.03%
- Beta
- 1.07
- R²
- 0.77
- Upside Capture
- 100.36%
- Downside Capture
- 104.48%
Expense Ratio
FFSM has an expense ratio of 0.43%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FFSM ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Fundamental Small-Mid Cap ETF (FFSM) and compare them to a chosen benchmark (S&P 500 Index).
| FFSM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.90 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.39 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.40 | +0.51 |
Martin ratioReturn relative to average drawdown | 8.09 | 6.61 | +1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FFSM risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity Fundamental Small-Mid Cap ETF provided a 0.53% dividend yield over the last twelve months, with an annual payout of $0.17 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.17 | $0.13 | $0.12 | $0.09 |
Dividend yield | 0.53% | 0.56% | 0.62% | 0.56% | 0.58% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Fundamental Small-Mid Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.04 | |||||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.17 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.12 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Fundamental Small-Mid Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Fundamental Small-Mid Cap ETF was 26.65%, occurring on Sep 26, 2022. Recovery took 354 trading sessions.
The current Fidelity Fundamental Small-Mid Cap ETF drawdown is 7.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.65% | Nov 10, 2021 | 220 | Sep 26, 2022 | 354 | Feb 23, 2024 | 574 |
| -24.78% | Nov 26, 2024 | 90 | Apr 8, 2025 | 103 | Sep 5, 2025 | 193 |
| -10.37% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -8.36% | Aug 1, 2024 | 5 | Aug 7, 2024 | 12 | Aug 23, 2024 | 17 |
| -7.4% | Apr 1, 2024 | 14 | Apr 18, 2024 | 59 | Jul 15, 2024 | 73 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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