See what your fund actually adds
Fidelity Small-Mid Multifactor ETF FSMD
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FSMD | Replication |
|---|---|---|
| Annualized growth | 9.2% | 7.8% |
| Annualized volatility | 17.1% | 17.7% |
| Sharpe ratio | 0.60 | 0.51 |
| Maximum drawdown | 19.9% | 23.9% |
| Replication fit (R²) | 0.98 · Tracking error 2.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model FSMD’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| IJH | US Mid Cap | 42.0% |
| IJR | US Small Cap | 39.2% |
| MTUM | Factor · Momentum | 7.5% |
| VTV | Style · Value | 7.1% |
| USMV | Factor · Min Vol | 4.2% |