FSMD vs. FFSM ETF Comparison

Comparison of Fidelity Small-Mid Factor ETF (FSMD) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$44.30

Average Daily Volume

86,159

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$29.01

Average Daily Volume

28,290

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	FFSM
30 Days	7.37%	7.11%
60 Days	7.55%	5.92%
90 Days	9.10%	6.92%
12 Months	35.46%	35.08%

76 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in FFSM	Overlap
ACLX	C	0.19%	0.19%	0.19%
ACM	A	0.31%	0.66%	0.31%
AFG	A	0.23%	0.49%	0.23%
AIT	A	0.25%	0.88%	0.25%
AIZ	A	0.26%	0.91%	0.26%
ALSN	B	0.25%	0.76%	0.25%
AMN	F	0.05%	0.27%	0.05%
ASGN	F	0.15%	0.65%	0.15%
ASO	F	0.13%	0.53%	0.13%
AXTA	A	0.21%	0.42%	0.21%
AYI	B	0.24%	0.81%	0.24%
AZZ	B	0.11%	0.34%	0.11%
BCO	D	0.12%	0.56%	0.12%
BJ	A	0.25%	1.22%	0.25%
CACI	D	0.27%	1.06%	0.27%
CBT	C	0.18%	0.59%	0.18%
CHDN	B	0.22%	0.54%	0.22%
CIEN	B	0.26%	0.53%	0.26%
CMC	B	0.19%	0.6%	0.19%
CNM	D	0.16%	0.47%	0.16%
CNXC	F	0.07%	0.29%	0.07%
CR	A	0.21%	1.01%	0.21%
CRNX	C	0.15%	0.19%	0.15%
CROX	D	0.16%	1.17%	0.16%
CTRE	D	0.15%	0.49%	0.15%
CXT	B	0.11%	0.36%	0.11%
DKS	C	0.25%	0.84%	0.25%
DOX	D	0.25%	0.92%	0.25%
EME	C	0.46%	1.81%	0.46%
EPRT	B	0.17%	0.56%	0.17%
ESI	A	0.17%	0.54%	0.17%
EWTX	C	0.21%	0.0%	0.0%
EXP	A	0.25%	1.44%	0.25%
FBP	B	0.14%	0.29%	0.14%
FN	D	0.23%	1.22%	0.23%
FSS	B	0.14%	0.6%	0.14%
FTI	A	0.29%	1.47%	0.29%
G	B	0.2%	0.59%	0.2%
GPK	C	0.21%	0.71%	0.21%
GTES	A	0.13%	0.33%	0.13%
HLI	B	0.25%	0.71%	0.25%
IESC	B	0.16%	0.51%	0.16%
ITT	A	0.26%	1.2%	0.26%
JLL	D	0.27%	1.1%	0.27%
KBH	D	0.16%	0.64%	0.16%
KFRC	D	0.07%	0.18%	0.07%
LBRT	D	0.12%	0.59%	0.12%
MASI	A	0.23%	0.39%	0.23%
MEDP	D	0.21%	0.57%	0.21%
MMS	F	0.15%	0.6%	0.15%
MTSI	B	0.21%	0.57%	0.21%
MUSA	A	0.23%	1.34%	0.23%
NSIT	F	0.13%	1.33%	0.13%
NXST	C	0.17%	0.75%	0.17%
ORI	A	0.23%	0.96%	0.23%
PATK	D	0.12%	0.2%	0.12%
PBH	A	0.16%	0.06%	0.06%
PCVX	D	0.26%	0.32%	0.26%
PRCT	B	0.19%	0.44%	0.19%
PRI	A	0.26%	0.56%	0.26%
RGA	A	0.31%	0.76%	0.31%
RGEN	D	0.19%	0.19%	0.19%
RUSHA	C	0.13%	0.35%	0.13%
SF	B	0.29%	0.75%	0.29%
SN	D	0.18%	1.11%	0.18%
SNV	B	0.23%	0.88%	0.23%
SNX	C	0.22%	0.95%	0.22%
TENB	C	0.15%	0.45%	0.15%
TPX	B	0.23%	1.46%	0.23%
UHS	D	0.27%	1.5%	0.27%
UPBD	B	0.09%	0.3%	0.09%
VCEL	B	0.14%	0.12%	0.12%
VNT	B	0.18%	0.59%	0.18%
WBS	A	0.26%	0.57%	0.26%
WFRD	D	0.18%	0.33%	0.18%
WTFC	A	0.22%	0.52%	0.22%

FSMD Overweight 502 Positions Relative to FFSM

Symbol	Grade	Weight
TPL	A	0.57%
LYV	A	0.42%
IBKR	A	0.42%
NRG	B	0.41%
UTHR	C	0.38%
NTNX	A	0.38%
LII	A	0.37%
SNA	A	0.37%
MANH	D	0.36%
NTRA	B	0.35%
GWRE	A	0.35%
RPM	A	0.35%
THC	D	0.34%
PNR	A	0.34%
FIX	A	0.34%
NWSA	B	0.33%
DUOL	A	0.33%
SFM	A	0.33%
EWBC	A	0.33%
TOL	B	0.33%
WSO	A	0.33%
CASY	A	0.32%
OC	A	0.32%
EQH	B	0.32%
TW	A	0.32%
L	A	0.31%
CW	B	0.31%
GGG	B	0.3%
INCY	C	0.3%
RNR	C	0.3%
PSTG	D	0.3%
ROL	B	0.29%
TXRH	C	0.29%
UNM	A	0.29%
CPT	B	0.28%
DOCS	C	0.28%
TPR	B	0.28%
NDSN	B	0.28%
EXEL	B	0.28%
ELS	C	0.28%
DTM	B	0.28%
SCI	B	0.28%
SW	A	0.28%
NBIX	C	0.27%
TTEK	F	0.27%
ATR	B	0.27%
EVR	B	0.27%
REG	B	0.27%
CLH	B	0.27%
JNPR	F	0.27%
LECO	B	0.26%
LAMR	D	0.26%
BSY	D	0.26%
BXP	D	0.26%
ALLE	D	0.26%
BWXT	B	0.26%
OWL	A	0.26%
AMH	D	0.26%
FHN	A	0.26%
NVT	B	0.26%
CHRW	C	0.26%
AAON	B	0.25%
SOLV	C	0.25%
EHC	B	0.25%
WAL	B	0.25%
MLI	C	0.25%
TAP	C	0.25%
OGE	B	0.24%
WWD	B	0.24%
NYT	C	0.24%
BLD	D	0.24%
OHI	C	0.24%
INGR	B	0.24%
BRBR	A	0.24%
KNSL	B	0.24%
CUBE	D	0.24%
GMED	A	0.24%
CMA	A	0.24%
HLNE	B	0.23%
PLNT	A	0.23%
MORN	B	0.23%
ZION	B	0.23%
CNX	A	0.23%
SRPT	D	0.23%
ERIE	D	0.23%
GL	B	0.23%
JXN	C	0.22%
ADMA	B	0.22%
RGLD	C	0.22%
ENSG	D	0.22%
BRX	A	0.22%
SEIC	B	0.22%
DVA	B	0.22%
RL	B	0.22%
VOYA	B	0.22%
CBSH	A	0.22%
ALLY	C	0.22%
WING	D	0.22%
WH	B	0.22%
HALO	F	0.21%
QTWO	A	0.21%
CORT	B	0.21%
HSIC	B	0.21%
EXLS	B	0.21%
ONTO	D	0.21%
TFX	F	0.21%
GKOS	B	0.21%
RBC	A	0.21%
HRB	D	0.21%
FRT	B	0.21%
CHE	D	0.21%
DCI	B	0.21%
ELAN	D	0.2%
CRBG	B	0.2%
RHI	B	0.2%
MMSI	B	0.2%
SKX	D	0.2%
TMHC	B	0.2%
CPB	D	0.2%
FLS	B	0.2%
STRL	B	0.2%
SAIC	F	0.2%
ESAB	B	0.2%
CHRD	D	0.2%
REXR	F	0.2%
RLI	B	0.2%
MTCH	D	0.2%
HRL	D	0.2%
CVLT	B	0.2%
ADC	B	0.2%
BWA	D	0.2%
RDNT	B	0.2%
R	B	0.19%
MHK	D	0.19%
WMS	D	0.19%
AXS	A	0.19%
ANF	C	0.19%
BMI	B	0.19%
ACIW	B	0.19%
ALV	C	0.19%
ACI	C	0.19%
KD	B	0.19%
COOP	B	0.19%
TTC	D	0.19%
AOS	F	0.19%
BERY	B	0.19%
UFPI	B	0.19%
DBX	B	0.19%
NNN	D	0.19%
WMG	C	0.18%
SUM	B	0.18%
OSK	B	0.18%
OLED	D	0.18%
ESTC	C	0.18%
TREX	C	0.18%
DINO	D	0.18%
IDCC	A	0.18%
HIMS	B	0.18%
FR	C	0.18%
SIGI	C	0.18%
POWL	C	0.18%
MGY	A	0.18%
PIPR	B	0.18%
MTG	C	0.18%
VMI	B	0.18%
AWI	A	0.18%
SSD	D	0.18%
ALTR	B	0.18%
CSWI	A	0.18%
BPOP	B	0.18%
GNTX	C	0.18%
UMBF	B	0.18%
NFG	A	0.18%
THG	A	0.18%
OMF	A	0.18%
MTN	C	0.18%
TDS	B	0.18%
KTB	B	0.17%
ITGR	B	0.17%
MATX	C	0.17%
FTDR	A	0.17%
DORM	B	0.17%
SLM	A	0.17%
ESNT	D	0.17%
LRN	A	0.17%
FCN	D	0.17%
LSTR	D	0.17%
AMG	B	0.17%
AROC	B	0.17%
PI	D	0.17%
BPMC	C	0.17%
GPI	A	0.17%
QLYS	C	0.17%
MTH	D	0.17%
BFAM	D	0.17%
HII	D	0.17%
MOG.A	B	0.17%
KNF	A	0.17%
STAG	F	0.17%
BYD	C	0.17%
CEIX	A	0.17%
NOVT	D	0.17%
SPSC	C	0.17%
POST	C	0.16%
TGNA	B	0.16%
ABG	B	0.16%
CNO	A	0.16%
VVV	F	0.16%
ZETA	D	0.16%
ZD	C	0.16%
HAE	C	0.16%
AGX	B	0.16%
PEGA	A	0.16%
ALE	A	0.16%
CUZ	B	0.16%
APPF	B	0.16%
AX	A	0.16%
ASB	B	0.16%
PRIM	A	0.16%
COKE	C	0.16%
BGC	C	0.16%
SKYW	B	0.16%
OLLI	D	0.16%
OZK	B	0.16%
MSA	D	0.16%
BKH	A	0.16%
LNTH	D	0.16%
BCPC	B	0.16%
ZWS	B	0.16%
ROAD	A	0.16%
ARW	D	0.16%
GEO	B	0.16%
VRNS	D	0.16%
LOPE	B	0.16%
UGI	A	0.16%
ALKS	B	0.16%
PLXS	B	0.16%
MIR	A	0.15%
SEM	B	0.15%
FULT	A	0.15%
NWE	B	0.15%
IBOC	A	0.15%
KRC	C	0.15%
CVCO	A	0.15%
AGCO	D	0.15%
CRVL	A	0.15%
VIRT	B	0.15%
FHI	A	0.15%
KRYS	B	0.15%
KAI	A	0.15%
ACA	A	0.15%
CALM	A	0.15%
AXNX	C	0.15%
DXC	B	0.15%
GHC	C	0.15%
EEFT	B	0.15%
DY	D	0.15%
TNL	A	0.15%
CPRX	C	0.15%
BRKR	D	0.15%
WTS	B	0.15%
PSN	D	0.15%
CRUS	D	0.15%
PJT	A	0.15%
BCC	B	0.15%
SANM	B	0.15%
AVT	C	0.15%
SR	A	0.15%
CATY	B	0.15%
BTU	B	0.15%
RDN	C	0.15%
SLVM	B	0.14%
PRGS	A	0.14%
NHI	D	0.14%
VCTR	B	0.14%
APAM	B	0.14%
SUPN	C	0.14%
YELP	C	0.14%
USLM	A	0.14%
MWA	B	0.14%
ESGR	B	0.14%
CXW	B	0.14%
ENVA	B	0.14%
WDFC	B	0.14%
DLB	B	0.14%
MHO	D	0.14%
ATGE	B	0.14%
SLGN	A	0.14%
CHH	A	0.14%
IBP	D	0.14%
EXPO	D	0.14%
IDT	B	0.14%
SON	D	0.14%
SMLR	B	0.14%
CIVI	D	0.14%
WKC	D	0.13%
SXT	B	0.13%
LGND	B	0.13%
PLMR	B	0.13%
HOG	D	0.13%
HCC	B	0.13%
NMIH	D	0.13%
CBZ	B	0.13%
OTTR	C	0.13%
BNL	D	0.13%
MSM	C	0.13%
FUL	F	0.13%
SKWD	A	0.13%
ARCH	B	0.13%
SHOO	D	0.13%
NEU	C	0.13%
WEN	D	0.13%
TKR	D	0.13%
PHIN	A	0.13%
CASH	A	0.13%
DEI	B	0.13%
LMAT	A	0.13%
AN	C	0.13%
LANC	C	0.13%
AVA	A	0.13%
HIW	D	0.13%
UE	C	0.13%
FLO	D	0.13%
KFY	B	0.13%
GPOR	B	0.13%
BFH	B	0.13%
SNEX	B	0.13%
AGR	B	0.13%
TPH	D	0.13%
GNW	A	0.13%
FELE	B	0.13%
IOSP	B	0.12%
ASH	D	0.12%
AEO	F	0.12%
TPB	B	0.12%
FORM	D	0.12%
OSIS	B	0.12%
CTS	C	0.12%
ICFI	F	0.12%
PAHC	C	0.12%
NSA	D	0.12%
AMPH	D	0.12%
PAG	B	0.12%
ADUS	D	0.12%
OGN	D	0.12%
ENS	D	0.12%
USM	B	0.12%
PPC	C	0.12%
CHCO	B	0.12%
PBF	D	0.12%
PLUS	F	0.12%
BRC	D	0.12%
AMRX	C	0.12%
HMN	B	0.12%
QCRH	A	0.12%
AMED	F	0.12%
EPAC	B	0.12%
UFPT	B	0.12%
WSBC	A	0.12%
VSTO	A	0.12%
MCY	A	0.12%
COLM	B	0.12%
WU	D	0.12%
PINC	B	0.12%
WLK	D	0.12%
HCKT	B	0.11%
UVSP	B	0.11%
PLAB	C	0.11%
AMAL	B	0.11%
LZB	B	0.11%
CPF	A	0.11%
HNI	B	0.11%
NHC	C	0.11%
AMKR	D	0.11%
APOG	B	0.11%
GIII	D	0.11%
GOLF	B	0.11%
VRRM	D	0.11%
PFBC	B	0.11%
HCI	C	0.11%
WABC	B	0.11%
LTC	B	0.11%
EQC	B	0.11%
TWST	D	0.11%
BKE	B	0.11%
SHO	C	0.11%
CTBI	B	0.11%
EIG	B	0.11%
HWKN	B	0.11%
SBH	C	0.11%
STRA	C	0.11%
UNF	B	0.11%
SPOK	C	0.11%
OFG	B	0.11%
ALRM	C	0.11%
HUBG	A	0.11%
ADTN	A	0.11%
BHE	B	0.11%
MGRC	B	0.11%
PLTK	B	0.11%
MCB	B	0.11%
MTX	B	0.11%
ATEN	B	0.11%
GNE	D	0.1%
DDS	B	0.1%
ASTH	D	0.1%
TPC	C	0.1%
CUBI	C	0.1%
UTI	A	0.1%
KURA	F	0.1%
DEA	D	0.1%
INSW	F	0.1%
SCSC	B	0.1%
UVE	B	0.1%
ACT	D	0.1%
ROCK	C	0.1%
THFF	B	0.1%
SPNT	A	0.1%
USPH	B	0.1%
LEVI	F	0.1%
MDU	D	0.1%
AAT	B	0.1%
URBN	C	0.1%
PDM	D	0.1%
SRCE	B	0.1%
HSTM	B	0.1%
WINA	B	0.1%
SXC	A	0.1%
AMR	C	0.1%
IBCP	B	0.1%
MSBI	B	0.1%
STNG	F	0.1%
REX	D	0.1%
UTL	B	0.1%
MCRI	A	0.1%
CSV	B	0.1%
CRAI	B	0.1%
PRDO	B	0.1%
SIRI	C	0.1%
PEBO	A	0.1%
INVA	D	0.1%
XHR	B	0.1%
ZYXI	D	0.09%
CNXN	C	0.09%
UTMD	F	0.09%
MLR	B	0.09%
PGRE	F	0.09%
CWCO	C	0.09%
INFA	D	0.09%
KLG	C	0.09%
CFB	B	0.09%
SMP	B	0.09%
FF	D	0.09%
FIZZ	C	0.09%
HSII	B	0.09%
WSR	A	0.09%
REYN	D	0.09%
SCHL	D	0.09%
ANIP	F	0.09%
OLP	B	0.09%
BBSI	B	0.09%
CASS	B	0.09%
ALX	D	0.08%
NVEC	C	0.08%
LPG	F	0.08%
VECO	F	0.08%
AMCX	C	0.08%
OSUR	F	0.08%
IMKTA	C	0.08%
TNC	D	0.08%
ETD	C	0.08%
SCS	C	0.08%
STAA	F	0.08%
COLL	F	0.08%
VNDA	C	0.08%
SSTK	F	0.08%
EGY	D	0.08%
SCVL	F	0.08%
HCSG	C	0.08%
VSH	D	0.08%
ANDE	D	0.08%
SIGA	F	0.07%
CECO	A	0.07%
BRY	F	0.07%
NSSC	D	0.07%
METC	C	0.07%
EBF	F	0.07%
JBSS	D	0.07%
NPK	B	0.07%
KRT	A	0.07%
RMR	F	0.07%
HE	C	0.07%
SLP	D	0.07%
TRNS	D	0.07%
IMMR	C	0.06%
GIC	D	0.06%
MRVI	F	0.06%
ASC	F	0.06%
PANL	F	0.06%
KELYA	F	0.05%
CLW	F	0.04%
JBI	F	0.04%

FSMD Underweight 95 Positions Relative to FFSM

Symbol	Grade	Weight
ACGL	D	-1.45%
AR	B	-1.27%
PFGC	B	-1.16%
USFD	A	-1.16%
VRT	B	-1.14%
MOH	F	-1.1%
WHD	B	-1.01%
RRX	B	-1.01%
BOOT	D	-0.9%
TMDX	F	-0.9%
LNG	B	-0.9%
DFS	B	-0.89%
STX	D	-0.84%
TGLS	B	-0.81%
FAF	A	-0.77%
BC	C	-0.76%
VTR	C	-0.76%
PNFP	B	-0.73%
PCG	A	-0.72%
AEIS	B	-0.66%
AES	F	-0.65%
LPX	B	-0.65%
FCNCA	A	-0.63%
ON	D	-0.62%
BECN	B	-0.61%
CADE	B	-0.59%
NOG	A	-0.57%
HOLX	D	-0.56%
XPO	B	-0.56%
CRL	C	-0.52%
CWK	B	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
GMS	B	-0.51%
WIX	B	-0.5%
EBC	B	-0.49%
EAT	A	-0.47%
KBR	F	-0.46%
BOKF	B	-0.46%
BLDR	D	-0.46%
OLN	D	-0.45%
LITE	B	-0.44%
NOMD	D	-0.42%
TEX	D	-0.42%
ARGX	A	-0.41%
COMP	B	-0.4%
LW	C	-0.4%
IP	B	-0.37%
CAH	B	-0.36%
GVA	A	-0.35%
FLEX	A	-0.31%
AZEK	A	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
LEA	D	-0.3%
GRBK	D	-0.3%
IBTX	B	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
CYTK	F	-0.18%
MDGL	B	-0.16%
NUVL	D	-0.16%
AAP	C	-0.15%
XPRO	F	-0.14%
MNDY	C	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
CLDX	F	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	B	-0.08%
MRUS	F	-0.07%
ARVN	D	-0.04%
ATKR	C	-0.01%
FIBK	A	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
ZNTL	F	-0.0%