- Issuer
- Fidelity
- Inception Date
- Feb 2, 2021
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
FFSM Performance Chart
Fidelity Fundamental Small-Mid Cap ETF (FFSM) is up 23.6% since the beginning of the year. FFSM is currently trading at $38 per share. Investors who bought $1,000 worth of FFSM shares 5 years ago would now be looking at an investment worth $1,731.
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Returns By Period
Fidelity Fundamental Small-Mid Cap ETF (FFSM) has returned 23.55% so far this year and 44.62% over the past 12 months.
Fidelity Fundamental Small-Mid Cap ETF
- 1D
- 1.01%
- 1M
- 6.44%
- YTD
- 23.55%
- 6M
- 20.49%
- 1Y
- 44.62%
- 3Y*
- 22.75%
- 5Y*
- 11.60%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FFSM Monthly Returns History
Based on dividend-adjusted daily data since Feb 4, 2021, FFSM's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 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% | 11.11% | 1.15% | 5.46% | 23.55% | ||||||
| 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 | 4.43% | 3.22% | 4.22% | 0.29% | -0.74% | 0.66% | 3.84% | -2.97% | 5.02% | -3.66% | 4.94% | 20.44% |
Benchmark Metrics
Fidelity Fundamental Small-Mid Cap ETF has an annualized alpha of -0.64%, beta of 1.08, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since February 04, 2021.
- With beta of 1.08 and R2 of 0.76, 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
- -0.64%
- Beta
- 1.08
- R²
- 0.76
- Upside Capture
- 97.73%
- Downside Capture
- 98.94%
Expense Ratio
FFSM has an expense ratio of 0.43%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FFSM ranks 80 for risk / return — better than 80% 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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FFSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.78 | +1.54 |
| Martin ratioReturn relative to average drawdown | 17.41 | 12.44 | +4.97 |
Dividends
Dividend History
Fidelity Fundamental Small-Mid Cap ETF provided a 0.43% dividend yield over the last twelve months, with an annual payout of $0.16 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.17 | $0.17 | $0.13 | $0.12 | $0.09 |
Dividend yield | 0.43% | 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 | $0.00 | $0.00 | $0.04 | $0.08 | ||||||
| 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -26.65%Sep 2022 | 10mo 20d | 1y 5mo | 2y 3moNov 2021 - Feb 2024 |
2025 selloff2025 | -24.78%Apr 2025 | 4mo 13d | 5mo | 9mo 13dNov 2024 - Sep 2025 |
2026 correction2026 | -10.37%Mar 2026 | 1mo 2d | 14d | 1mo 16dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.36%Aug 2024 | 6d | 16d | 22dAug 2024 - Aug 2024 |
2024 pullback2024 | -7.40%Apr 2024 | 17d | 2mo 28d | 3mo 15dApr 2024 - Jul 2024 |
Drawdown Indicators
| FFSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -56.78% | +30.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.10% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -18.90% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.65% | -25.43% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -10.71% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.03% | +0.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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