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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.
Fidelity Small-Mid Multifactor ETF trades on the ARCA stock market under the symbol FSMD.
As of January 29, 2026, FSMD stock price climbed to $45.96 with 111,494 million shares trading.
FSMD has a beta of 0.83, meaning it tends to be less sensitive to market movements. FSMD has a correlation of 0.76 to the broad based SPY ETF.
FSMD has a market cap of $2.04 billion. This is considered a Mid Cap stock.
In the last 3 years, FSMD traded as high as $46.92 and as low as $30.30.
FSMD has underperformed the market in the last year with a price return of +9.1% while the SPY ETF gained +16.0%. However, in the short term, FSMD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.2% vs +1.3% return in SPY. But in the last 2 weeks, FSMD shares have been beat by the market, returning +0.1% compared to an SPY return of +0.5%.
FSMD support price is $45.43 and resistance is $46.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSMD shares will trade within this expected range on the day.
