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FSMD vs SPY

Comparison between FIDELITY SMALL-MID MULTIFACTOR ETF (FSMD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FSMD, delivering a return of +13.2% compared to +10.5%

FSMD vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FSMD
$2.40B
Winner
SPY
$784B
Expense Ratio
FSMD
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
FSMD
40.93%
SPY
56.47%
Sharpe Ratio
FSMD
1.45
Winner
SPY
1.54
5Y Beta
Winner
FSMD
0.94
SPY
1.00
P/E Ratio
Winner
FSMD
21.01
SPY
27.62
Forward P/E
Winner
FSMD
15.65
SPY
21.11
5Y Dividends CAGR
Winner
FSMD
10.17%
SPY
6.00%
5Y EPS CAGR
FSMD
15.41%
Winner
SPY
25.30%
Debt to Equity
FSMD
31.50%
Winner
SPY
31.11%
P/S Ratio
Winner
FSMD
1.63
SPY
3.49
P/B Ratio
Winner
FSMD
2.69
SPY
5.30

FSMD vs SPY - Holdings Comparison

FSMD and SPY have 33 common holdings. Overlap is 1.41%

FSMD's top 25 holdings weight is 16.41%. SPY's top 25 holdings weight is 51.24%.

RankFSMDSPY
#1
SANDISK CORP ORDINARY SHARES (SNDK) - 3.73%
NVIDIA CORP (NVDA) - 7.81%
#2
n/a (n/a) - 1.00%
APPLE INC (AAPL) - 6.81%
#3
COMFORT SYSTEMS USA INC (FIX) - 0.94%
MICROSOFT CORP (MSFT) - 4.53%
#4
LUMENTUM HOLDINGS INC (LITE) - 0.90%
AMAZON.COM INC (AMZN) - 3.72%
#5
CIENA CORP (CIEN) - 0.87%
ALPHABET INC CLASS A (GOOGL) - 3.39%
#6
COHERENT CORP (COHR) - 0.87%
BROADCOM INC (AVGO) - 2.77%
#7
FLEX LTD (FLEX) - 0.83%
ALPHABET INC CLASS C (GOOG) - 2.72%
#8
ANGLOGOLD ASHANTI PLC (AU) - 0.56%
META PLATFORMS INC CLASS A (META) - 2.03%
#9
EMCOR GROUP INC (EME) - 0.54%
MICRON TECHNOLOGY INC (MU) - 1.78%
#10
CASEY'S GENERAL STORES INC (CASY) - 0.53%
TESLA INC (TSLA) - 1.76%
#11
REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 0.48%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41%
#12
TAPESTRY INC (TPR) - 0.48%
JPMORGAN CHASE & CO (JPM) - 1.38%
#13
STERLING INFRASTRUCTURE INC (STRL) - 0.45%
ELI LILLY AND CO (LLY) - 1.38%
#14
CARPENTER TECHNOLOGY CORP (CRS) - 0.44%
ADVANCED MICRO DEVICES INC (AMD) - 1.28%
#15
TECHNIPFMC PLC (FTI) - 0.44%
EXXON MOBIL CORP (XOM) - 0.92%
#16
ATI INC (ATI) - 0.42%
JOHNSON & JOHNSON (JNJ) - 0.88%
#17
CURTISS-WRIGHT CORP (CW) - 0.42%
VISA INC CLASS A (V) - 0.87%
#18
NVENT ELECTRIC PLC (NVT) - 0.41%
INTEL CORP (INTC) - 0.85%
#19
MKS INC (MKSI) - 0.40%
WALMART INC (WMT) - 0.82%
#20
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.40%
CISCO SYSTEMS INC (CSCO) - 0.73%
#21
RENAISSANCERE HOLDINGS LTD (RNR) - 0.26%
LAM RESEARCH CORP (LRCX) - 0.71%
#22
MUELLER INDUSTRIES INC (MLI) - 0.26%
APPLIED MATERIALS INC (AMAT) - 0.70%
#23
GLOBE LIFE INC (GL) - 0.26%
CATERPILLAR INC (CAT) - 0.68%
#24
LAMAR ADVERTISING CO CLASS A (LAMR) - 0.26%
COSTCO WHOLESALE CORP (COST) - 0.68%
#25
PERMIAN RESOURCES CORP CLASS A (PR) - 0.26%
MASTERCARD INC CLASS A (MA) - 0.63%
Total Holdings558505

FSMD vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
FSMD
+3.70%
SPY
-1.37%
3M
Winner
FSMD
+16.24%
SPY
+12.22%
6M
Winner
FSMD
+15.00%
SPY
+7.20%
1Y
Winner
FSMD
+27.17%
SPY
+23.58%
5Y(CAGR)
FSMD
+10.51%
Winner
SPY
+13.19%
10Y(CAGR)
FSMD
N/A
SPY
+15.12%
Max(CAGR)
Winner
FSMD
+12.02%
SPY
+8.44%

FSMD vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFSMDSPY
2026+16.30%+7.95%
2025+8.92%+18.00%
2024+15.63%+25.59%
2023+17.73%+26.72%
2022-11.54%-18.64%
2021+27.63%+30.52%
2020+8.61%+17.28%
2019+8.81%+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

FSMD vs SPY Drawdown Comparison

The maximum drawdown for FSMD was -40.66%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FSMD drawdown is -1.31%. The current SPY drawdown is -3.18%.

RankFSMDSPY
#1-40.66%
Feb 19, 2020 - Nov 23, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-22.16%
Nov 25, 2024 - Sep 11, 2025		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-20.63%
Nov 16, 2021 - Dec 14, 2023		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-8.43%
Feb 26, 2026 - Apr 13, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-7.33%
May 3, 2019 - Jul 24, 2019		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-7.32%
Jul 31, 2024 - Aug 30, 2024		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-7.15%
Mar 28, 2024 - May 15, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-6.03%
Jul 26, 2019 - Oct 28, 2019		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-5.92%
Sep 18, 2025 - Dec 10, 2025		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-5.53%
Jun 11, 2021 - Aug 11, 2021		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-5.44%
Mar 15, 2021 - Apr 14, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-5.01%
Sep 2, 2021 - Oct 20, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-4.72%
Aug 30, 2024 - Sep 19, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-4.70%
May 7, 2021 - Jun 8, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-4.49%
Feb 24, 2021 - Mar 10, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FSMD and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98
-101

Dividend Comparison (1999 - 2026)

FSMD vs SPY dividend yield comparison.

YearFSMDSPY
20260.66%0.50%
20251.33%1.07%
20241.29%1.21%
20231.37%1.40%
20221.54%1.65%
20211.18%1.20%
20201.32%1.52%
20191.37%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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