Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Small-Mid Multifactor ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading graphics...
Returns By Period
Fidelity Small-Mid Multifactor ETF (FSMD) has returned 1.72% so far this year and 15.81% over the past 12 months.
Fidelity Small-Mid Multifactor ETF
- 1D
- 3.04%
- 1M
- -4.67%
- YTD
- 1.72%
- 6M
- 2.29%
- 1Y
- 15.81%
- 3Y*
- 13.07%
- 5Y*
- 7.84%
- 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 28, 2019, FSMD's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, your investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +14.0%, while the worst month was Mar 2020 at -20.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSMD closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.56% | 3.04% | -4.67% | 1.72% | |||||||||
| 2025 | 3.30% | -3.72% | -4.01% | -1.84% | 5.23% | 2.88% | 1.04% | 4.58% | 0.82% | -1.98% | 2.76% | -0.17% | 8.70% |
| 2024 | -1.32% | 5.09% | 3.78% | -5.84% | 4.67% | -1.26% | 8.41% | 0.17% | 1.51% | -1.28% | 9.32% | -7.56% | 15.18% |
| 2023 | 7.48% | -1.23% | -2.59% | -1.18% | -2.42% | 7.88% | 3.76% | -2.08% | -4.67% | -4.46% | 8.04% | 9.12% | 17.37% |
| 2022 | -5.92% | 0.97% | 0.95% | -6.37% | 1.60% | -8.38% | 10.12% | -3.59% | -8.57% | 11.00% | 4.14% | -5.24% | -11.15% |
| 2021 | 2.65% | 5.87% | 4.68% | 3.78% | 0.95% | -0.35% | 0.18% | 2.14% | -2.99% | 4.46% | -2.97% | 5.77% | 26.40% |
Benchmark Metrics
Fidelity Small-Mid Multifactor ETF has an annualized alpha of -1.17%, beta of 0.94, and R² of 0.76 versus S&P 500 Index. Calculated based on daily prices since March 01, 2019.
- This ETF participated in 102.33% of S&P 500 Index downside but only 92.63% of its upside — more exposed to losses than it benefited from rallies.
- With beta of 0.94 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
- -1.17%
- Beta
- 0.94
- R²
- 0.76
- Upside Capture
- 92.63%
- Downside Capture
- 102.33%
Expense Ratio
FSMD has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSMD ranks 46 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and compare them to a chosen benchmark (S&P 500 Index).
| FSMD | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.90 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.39 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.40 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.61 | 6.61 | -1.00 |
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 FSMD 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 Small-Mid Multifactor ETF provided a 1.37% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.59 | $0.53 | $0.50 | $0.48 | $0.42 | $0.38 | $0.37 |
Dividend yield | 1.37% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Small-Mid Multifactor 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 | $0.17 | $0.17 | |||||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.53 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.06 | $0.42 |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Small-Mid Multifactor 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 Small-Mid Multifactor ETF was 40.67%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
The current Fidelity Small-Mid Multifactor ETF drawdown is 5.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.67% | Feb 20, 2020 | 23 | Mar 23, 2020 | 171 | Nov 23, 2020 | 194 |
| -22.16% | Nov 26, 2024 | 90 | Apr 8, 2025 | 107 | Sep 11, 2025 | 197 |
| -20.63% | Nov 17, 2021 | 146 | Jun 16, 2022 | 376 | Dec 14, 2023 | 522 |
| -8.44% | Feb 27, 2026 | 22 | Mar 30, 2026 | — | — | — |
| -7.33% | May 6, 2019 | 19 | May 31, 2019 | 37 | Jul 24, 2019 | 56 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...