FFSM Performance — Fidelity Fundamental Small-Mid Cap ETF
Data updated: 2026-10-13
FFSM returned +19.65% year to date and +33.15% over one year to Jul 2026. Annualised returns are +17.98% over 3 years and +10.53% over 5 years. The fund beat its US Mid-Cap Value category average: $100 invested three years ago grew to $164, against $145 for the category, and to $133 over one year, against $120. Volatility over the past three years was 17.79% a year. In the 12 months to Jul 2026 the fund took in a net $506.9M, and assets reached $1.50B.
FFSM Growth of $100
What $100 invested in Fidelity Fundamental Small-Mid Cap ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | FFSM | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $133 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $164 | $145 |
| 5 years (Aug 2021 – Jul 2026) | $165 | $156 |
| Since data start (Mar 2021 – Jul 2026) | $178 | $173 |
FFSM Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.65% |
| 1 year | +33.15% |
| 3 years (annualised) | +17.98% |
| 5 years (annualised) | +10.53% |
FFSM Annual Returns
Calendar-year total returns of Fidelity Fundamental Small-Mid Cap ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.65% |
| 2025 | +14.62% |
| 2024 | +14.64% |
| 2023 | +17.18% |
| 2022 | −16.42% |
| 2021 (Mar–Dec) | +15.75% |
FFSM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8% | +6.1% | −6.3% | +11.5% | +0.9% | +5.9% | −3.6% | — | — | — | — | — |
| 2025 | +4.9% | −5.2% | −5.2% | −2.2% | +5.6% | +4.3% | +1.5% | +4.5% | +1.4% | +0.9% | +4.2% | −0.1% |
| 2024 | −0.9% | +6.6% | +5.1% | −5.7% | +4.6% | −2.1% | +6.9% | +0.6% | +1.1% | −1.8% | +9.0% | −8.1% |
| 2023 | +9.3% | −1.6% | −3.8% | −1.4% | −3.6% | +9.0% | +4.6% | −2.2% | −5.0% | −5.4% | +8.8% | +9.3% |
| 2022 | −7.1% | 0.0% | +0.3% | −7.8% | +1.1% | −10.7% | +10.8% | −3.1% | −9.3% | +10.2% | +5.5% | −4.8% |
| 2021 | — | — | +3.3% | +4.4% | +0.3% | −0.8% | +0.8% | +3.9% | −3.0% | +5.1% | −3.8% | +5.2% |
FFSM Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.79%
- 3-year Sharpe ratio: 0.76 (vs 4.5% risk-free rate)
- Best month: +11.46% (Apr 2026)
- Worst month: −8.11% (Dec 2024)
FFSM Fund Flows
Monthly money in and out of Fidelity Fundamental Small-Mid Cap ETF, from SEC Form N-PORT.
- 12-month net flow: $506.9M
- 12-month gross sales (incl. reinvestments): $691.0M
- Sales ÷ redemptions: 3.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $183.9M | $44.2M | $139.6M |
| Jun 2026 | $132.0M | $81.5M | $50.5M |
| May 2026 | $26.8M | $48.9M | −$22.1M |
| Apr 2026 | $70.5M | $0 | $70.5M |
| Mar 2026 | $25.6M | $2.4M | $23.2M |
| Feb 2026 | $39.5M | $0 | $39.5M |
| Jan 2026 | $48.2M | $0 | $48.2M |
| Dec 2025 | $74.3M | $0 | $74.3M |
| Nov 2025 | $63.3M | $1.5M | $61.8M |
| Oct 2025 | $16.2M | $0 | $16.2M |
| Sep 2025 | $5.8M | $2.2M | $3.6M |
| Aug 2025 | $4.9M | $3.4M | $1.5M |
FFSM Assets Under Management
Net assets of Fidelity Fundamental Small-Mid Cap ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.50B |
| 2026-04-30 | $1.29B |
| 2026-01-31 | $1.04B |
| 2025-10-31 | $779.65M |
| 2025-07-31 | $710.33M |
| 2025-04-30 | $619.10M |
| 2025-01-31 | $742.24M |
| 2024-10-31 | $95.55M |
| 2024-07-31 | $75.56M |
| 2024-04-30 | $62.97M |
| 2024-01-31 | $44.45M |
| 2023-10-31 | $33.33M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.