See what your fund actually adds

Fidelity Fundamental Small-Mid Cap ETF FFSM

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

FFSM compared with its replication portfolio
MeasureFFSMReplication
Annualized growth8.1%7.8%
Annualized volatility19.3%18.2%
Sharpe ratio0.500.50
Maximum drawdown26.2%24.3%
Replication fit (R²)0.97 · Tracking error 3.5%

Replication portfolio

The published portfolio below is the investable basket used to model FFSM’s historical return behavior.

FFSM replication basket weights
TickerBuilding blockWeight
IJHUS Mid Cap80.4%
IJRUS Small Cap9.7%
MTUMFactor · Momentum7.0%
VBKSmall-Cap · Growth2.9%