FFSM vs SPY
Comparison between FIDELITY FUNDAMENTAL SMALL-MID CAP ETF (FFSM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FFSM, delivering a return of +13.3% compared to +11.1%
FFSM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FFSM
$1.40B
Winner
SPY
$781B
Expense Ratio
FFSM
0.43%
Winner
SPY
0.09%
Max Drawdown
Winner
FFSM
27.05%
SPY
56.47%
Sharpe Ratio
Winner
FFSM
1.63
SPY
1.42
5Y Beta
FFSM
1.08
Winner
SPY
1.00
P/E Ratio
FFSM
29.36
Winner
SPY
26.48
Forward P/E
Winner
FFSM
17.62
SPY
20.90
PEG Ratio
FFSM
N/A
SPY
0.30
5Y Dividends CAGR
Winner
FFSM
51.43%
SPY
6.00%
5Y EPS CAGR
FFSM
20.53%
Winner
SPY
26.40%
Debt to Equity
FFSM
55.68%
Winner
SPY
48.17%
P/S Ratio
Winner
FFSM
1.58
SPY
3.72
P/B Ratio
Winner
FFSM
3.32
SPY
5.55
FFSM vs SPY - Holdings Comparison
FFSM and SPY have 19 common holdings. Overlap is 1.56%
FFSM's top 25 holdings weight is 34.58%. SPY's top 25 holdings weight is 51.49%.
| Rank | FFSM | SPY |
|---|---|---|
| #1 | STERLING INFRASTRUCTURE INC (STRL) - 1.91% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | COMFORT SYSTEMS USA INC (FIX) - 1.80% | APPLE INC (AAPL) - 7.44% |
| #3 | SANMINA CORP (SANM) - 1.73% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | WESTERN DIGITAL CORP (WDC) - 1.73% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | TECHNIPFMC PLC (FTI) - 1.71% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | FABRINET (FN) - 1.67% | BROADCOM INC (AVGO) - 2.83% |
| #7 | TD SYNNEX CORP (SNX) - 1.58% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | LUMENTUM HOLDINGS INC (LITE) - 1.57% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | IES HOLDINGS INC (IESC) - 1.55% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | ATI INC (ATI) - 1.49% | TESLA INC (TSLA) - 1.65% |
| #11 | FIRSTCASH HOLDINGS INC (FCFS) - 1.46% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.42% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | COHERENT CORP (COHR) - 1.41% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 1.35% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | ITT INC (ITT) - 1.22% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | CARPENTER TECHNOLOGY CORP (CRS) - 1.21% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | PERFORMANCE FOOD GROUP CO (PFGC) - 1.21% | VISA INC CLASS A (V) - 0.91% |
| #18 | SOMNIGROUP INTERNATIONAL INC (SGI) - 1.17% | INTEL CORP (INTC) - 0.77% |
| #19 | EMCOR GROUP INC (EME) - 1.17% | WALMART INC (WMT) - 0.75% |
| #20 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 1.14% | ABBVIE INC (ABBV) - 0.70% |
| #21 | MURPHY USA INC (MUSA) - 1.10% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.03% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | EAGLE MATERIALS INC (EXP) - 1.01% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | EAST WEST BANCORP INC (EWBC) - 0.99% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | ELEMENT SOLUTIONS INC (ESI) - 0.95% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 199 | 505 |
FFSM vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FFSM
+3.37%
Winner
SPY
+3.42%
3M
Winner
FFSM
+6.16%
SPY
+5.97%
6M
FFSM
+12.30%
Winner
SPY
+12.56%
1Y
Winner
FFSM
+39.04%
SPY
+23.65%
5Y(CAGR)
FFSM
+11.07%
Winner
SPY
+13.33%
10Y(CAGR)
FFSM
N/A
SPY
+15.34%
Max(CAGR)
Winner
FFSM
+12.59%
SPY
+8.61%
FFSM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FFSM | SPY |
|---|---|---|
| 2026 | +22.46% | +13.79% |
| 2025 | +14.38% | +18.00% |
| 2024 | +15.06% | +25.59% |
| 2023 | +18.11% | +26.72% |
| 2022 | -16.55% | -18.64% |
| 2021 | +19.77% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FFSM vs SPY Drawdown Comparison
The maximum drawdown for FFSM was -26.65%, occurring on Sep 26, 2022. Recovery took 574 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FFSM drawdown is -0.37%.
| Rank | FFSM | SPY |
|---|---|---|
| #1 | -26.65% Nov 9, 2021 - Feb 23, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -24.78% Nov 25, 2024 - Sep 5, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -10.37% Feb 25, 2026 - Apr 13, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.36% Jul 31, 2024 - Aug 23, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.40% Mar 28, 2024 - Jul 15, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -6.68% May 7, 2021 - Aug 6, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.16% Mar 15, 2021 - Apr 9, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.80% May 6, 2026 - Jun 12, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -5.78% Aug 23, 2024 - Sep 19, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.44% Jun 30, 2026 - Jul 29, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.10% Nov 12, 2025 - Nov 25, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.53% Nov 11, 2024 - Nov 25, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.52% Feb 24, 2021 - Mar 10, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.42% Sep 11, 2025 - Oct 23, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.16% Aug 27, 2021 - Oct 18, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FFSM and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
FFSM vs SPY dividend yield comparison.
| Year | FFSM | SPY |
|---|---|---|
| 2026 | 0.21% | 0.48% |
| 2025 | 0.56% | 1.07% |
| 2024 | 0.62% | 1.21% |
| 2023 | 0.56% | 1.40% |
| 2022 | 0.58% | 1.65% |
| 2021 | 0.37% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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