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ETFs

Fidelity Small-Mid Multifactor ETF

FSMD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 26 2019
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$361,345
AUM
$115,690,971
Associated Index
Fidelity Small-Mid Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CF.CCCF
SECURITIES LENDING CF
1.71%
FCNCA
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
0.41%
HUBB
Hubbell Inc.
0.39%
JBL
Jabil Inc
0.37%
BLDR
Builders Firstsource Inc
0.37%
DECK
Deckers Outdoor Corp.
0.35%
TPL
Texas Pacific Land Corporation
0.34%
L
Loews Corp.
0.34%
BAH
Booz Allen Hamilton Holding Corp - Ordinary Shares - Class A
0.34%
NBIX
Neurocrine Biosciences, Inc.
0.34%
Invest with FSMD

What is FSMD?

Fidelity Small-Mid Multifactor ETF normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Multifactor 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.

ETFs related toFSMD

ETFs correlated to FSMD include DFAS, SPMD, IVOO

FSMD
Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFSMD

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FSMD using Composer

FAQ

FSMD is a US Equities ETF. Fidelity Small-Mid Multifactor ETF normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Multifactor 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.

FSMD tracks the Fidelity Small-Mid Multifactor Index.

No, FSMD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FSMD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FSMD is -0.0231%. This is the percent change in the value of FSMD over the most recent 1-month period. The 3-month return on FSMD is -0.0019%. This is the percent change in the value of FSMD over the most recent 3-month period.

The standard deviation of FSMD for the past year is 0.1815%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FSMD include SPHQ, DSI, and QUAL.

ETFs correlated to FSMD include DFAS, SPMD, and IVOO.

ETFs that are inversely correlated to FSMD include TWM, TZA, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.