FSMD Performance — Fidelity Small-Mid Multifactor ETF
Data updated: 2026-10-13
FSMD returned +15.79% year to date and +22.79% over one year to Jul 2026. Annualised returns are +15.02% over 3 years and +9.91% over 5 years. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $152, against $144 for the category, and to $123 over one year, against $119. Volatility over the past three years was 16.08% a year. In the 12 months to Jul 2026 the fund took in a net $503.0M, and assets reached $2.50B.
FSMD Growth of $100
What $100 invested in Fidelity Small-Mid Multifactor ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | FSMD | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $123 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $152 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $160 | $145 |
| Since data start (Aug 2019 – Jul 2026) | $220 | $204 |
FSMD Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.79% |
| 1 year | +22.79% |
| 3 years (annualised) | +15.02% |
| 5 years (annualised) | +9.91% |
FSMD Annual Returns
Calendar-year total returns of Fidelity Small-Mid Multifactor ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +15.79% |
| 2025 | +8.67% |
| 2024 | +15.30% |
| 2023 | +17.28% |
| 2022 | −11.14% |
| 2021 | +26.05% |
| 2020 | +8.91% |
| 2019 (Aug–Dec) | +5.99% |
FSMD 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 | +3.5% | +3.1% | −4.7% | +9.6% | +2.4% | +5.9% | −4.2% | — | — | — | — | — |
| 2025 | +3.4% | −3.8% | −4.5% | −1.5% | +5.4% | +2.9% | +0.9% | +4.6% | +0.8% | −2.0% | +2.7% | −0.1% |
| 2024 | −1.1% | +5.0% | +3.8% | −5.7% | +4.4% | −1.1% | +8.3% | +0.2% | +1.5% | −1.3% | +9.2% | −7.4% |
| 2023 | +7.6% | −1.4% | −2.5% | −1.2% | −2.4% | +7.8% | +4.0% | −2.2% | −4.7% | −4.5% | +8.1% | +9.0% |
| 2022 | −5.7% | +0.8% | +0.9% | −6.2% | +1.5% | −8.2% | +9.8% | −3.7% | −8.3% | +10.7% | +4.1% | −5.2% |
| 2021 | +2.1% | +6.0% | +4.7% | +3.9% | +0.9% | −0.4% | +0.4% | +2.1% | −3.2% | +4.5% | −2.8% | +5.6% |
| 2020 | −1.6% | −9.4% | −20.8% | +13.3% | +6.0% | +1.2% | +4.5% | +2.9% | −3.0% | +1.1% | +13.7% | +5.9% |
| 2019 | — | — | — | — | — | — | — | −3.2% | +1.7% | +2.3% | +3.5% | +1.8% |
FSMD Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.08%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +9.55% (Apr 2026)
- Worst month: −7.42% (Dec 2024)
FSMD Fund Flows
Monthly money in and out of Fidelity Small-Mid Multifactor ETF, from SEC Form N-PORT.
- 12-month net flow: $503.0M
- 12-month gross sales (incl. reinvestments): $1.2B
- Sales ÷ redemptions: 1.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $25.7M | $5.1M | $20.6M |
| Jun 2026 | $35.6M | $5.1M | $30.5M |
| May 2026 | $9.8M | $9.8M | −$15K |
| Apr 2026 | $27.9M | $4.7M | $23.2M |
| Mar 2026 | $49.3M | $0 | $49.3M |
| Feb 2026 | $456.9M | $356.1M | $100.8M |
| Jan 2026 | $59.3M | $4.6M | $54.8M |
| Dec 2025 | $58.2M | $4.5M | $53.7M |
| Nov 2025 | $30.2M | $4.3M | $25.9M |
| Oct 2025 | $83.4M | $8.8M | $74.6M |
| Sep 2025 | $53.1M | $4.4M | $48.6M |
| Aug 2025 | $264.1M | $243.1M | $21.0M |
FSMD Assets Under Management
Net assets of Fidelity Small-Mid Multifactor ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.50B |
| 2026-04-30 | $2.37B |
| 2026-01-31 | $2.04B |
| 2025-10-31 | $1.79B |
| 2025-07-31 | $1.61B |
| 2025-04-30 | $1.46B |
| 2025-01-31 | $774.26M |
| 2024-10-31 | $530.72M |
| 2024-07-31 | $411.83M |
| 2024-04-30 | $303.97M |
| 2024-01-31 | $153.79M |
| 2023-10-31 | $113.95M |
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.