FSMD vs TMSL
Comparison between FIDELITY SMALL-MID MULTIFACTOR ETF (FSMD, ETF) and T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF).
FSMD vs TMSL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FSMD
$2.40B
TMSL
$2.40B
Expense Ratio
Winner
FSMD
0.15%
TMSL
0.55%
Max Drawdown
FSMD
40.93%
Winner
TMSL
24.72%
Sharpe Ratio
FSMD
1.33
Winner
TMSL
1.35
5Y Beta
Winner
FSMD
0.95
TMSL
1.06
P/E Ratio
Winner
FSMD
20.12
TMSL
34.73
Forward P/E
Winner
FSMD
15.40
TMSL
16.13
5Y Dividends CAGR
FSMD
10.63%
TMSL
N/A
5Y EPS CAGR
FSMD
15.81%
TMSL
N/A
Debt to Equity
Winner
FSMD
29.89%
TMSL
54.64%
P/S Ratio
FSMD
1.61
Winner
TMSL
1.55
P/B Ratio
Winner
FSMD
2.63
TMSL
3.07
FSMD vs TMSL - Holdings Comparison
FSMD and TMSL have 93 common holdings. Overlap is 20.57%
FSMD's top 25 holdings weight is 16.85%. TMSL's top 25 holdings weight is 22.53%.
| Rank | FSMD | TMSL |
|---|---|---|
| #1 | SANDISK CORP ORDINARY SHARES (SNDK) - 3.28% | SANDISK CORP ORDINARY SHARES (SNDK) - 3.14% |
| #2 | CIENA CORP (CIEN) - 1.29% | POPULAR INC (BPOP) - 1.08% |
| #3 | n/a (n/a) - 1.17% | CIENA CORP (CIEN) - 1.04% |
| #4 | LUMENTUM HOLDINGS INC (LITE) - 1.08% | NVENT ELECTRIC PLC (NVT) - 1.04% |
| #5 | COHERENT CORP (COHR) - 0.99% | RAMBUS INC (RMBS) - 1.01% |
| #6 | COMFORT SYSTEMS USA INC (FIX) - 0.95% | THE MIDDLEBY CORP (MIDD) - 0.98% |
| #7 | FLEX LTD (FLEX) - 0.92% | TECHNIPFMC PLC (n/a) - 0.92% |
| #8 | ANGLOGOLD ASHANTI PLC (AU) - 0.56% | TELEDYNE TECHNOLOGIES INC (TDY) - 0.91% |
| #9 | EMCOR GROUP INC (EME) - 0.54% | MKS INC (MKSI) - 0.90% |
| #10 | CASEY'S GENERAL STORES INC (CASY) - 0.47% | TENET HEALTHCARE CORP (THC) - 0.89% |
| #11 | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 0.47% | FLEX LTD (FLEX) - 0.88% |
| #12 | STERLING INFRASTRUCTURE INC (STRL) - 0.47% | STONEX GROUP INC (SNEX) - 0.85% |
| #13 | TECHNIPFMC PLC (FTI) - 0.46% | EAST WEST BANCORP INC (EWBC) - 0.84% |
| #14 | TAPESTRY INC (TPR) - 0.45% | SENSATA TECHNOLOGIES HOLDING PLC (ST) - 0.81% |
| #15 | NVENT ELECTRIC PLC (NVT) - 0.44% | PERMIAN RESOURCES CORP CLASS A (PR) - 0.81% |
| #16 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.42% | RELIANCE INC (RS) - 0.81% |
| #17 | FABRINET (FN) - 0.42% | LUMENTUM HOLDINGS INC (LITE) - 0.80% |
| #18 | EVERPURE INC CLASS A (P) - 0.41% | CORPAY INC (CPAY) - 0.80% |
| #19 | CURTISS-WRIGHT CORP (CW) - 0.40% | GUARDANT HEALTH INC (GH) - 0.79% |
| #20 | CARPENTER TECHNOLOGY CORP (CRS) - 0.39% | NEXTPOWER INC CLASS A (NXT) - 0.77% |
| #21 | ANNALY CAPITAL MANAGEMENT INC (NLY) - 0.26% | PENTAIR PLC (PNR) - 0.50% |
| #22 | EXELIXIS INC (EXEL) - 0.26% | FORTIVE CORP (FTV) - 0.49% |
| #23 | MUELLER INDUSTRIES INC (MLI) - 0.25% | ADVANCE AUTO PARTS INC (AAP) - 0.49% |
| #24 | API GROUP CORP (APG) - 0.25% | ENCOMPASS HEALTH CORP (EHC) - 0.49% |
| #25 | TENET HEALTHCARE CORP (THC) - 0.25% | CURTISS-WRIGHT CORP (CW) - 0.49% |
| Total Holdings | 556 | 252 |
FSMD vs TMSL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FSMD
+4.42%
TMSL
+4.33%
3M
FSMD
+17.32%
Winner
TMSL
+17.92%
6M
FSMD
+15.59%
Winner
TMSL
+16.99%
1Y
FSMD
+27.74%
Winner
TMSL
+32.62%
5Y(CAGR)
FSMD
+10.01%
TMSL
N/A
Max(CAGR)
FSMD
+12.12%
Winner
TMSL
+19.70%
FSMD vs TMSL - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | FSMD | TMSL |
|---|---|---|
| 2026 | +16.66% | +17.01% |
| 2025 | +8.92% | +12.04% |
| 2024 | +15.63% | +16.39% |
| 2023 | +17.73% | +11.22% |
| 2022 | -11.54% | N/A |
| 2021 | +27.63% | N/A |
| 2020 | +8.61% | N/A |
| 2019 | +8.81% | N/A |
FSMD vs TMSL Drawdown Comparison
The maximum drawdown for FSMD was -40.66%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.
| Rank | FSMD | TMSL |
|---|---|---|
| #1 | -40.66% Feb 19, 2020 - Nov 23, 2020 | -24.39% Nov 25, 2024 - Sep 5, 2025 |
| #2 | -22.16% Nov 25, 2024 - Sep 11, 2025 | -13.22% Jul 31, 2023 - Dec 13, 2023 |
| #3 | -20.63% Nov 16, 2021 - Dec 14, 2023 | -11.19% Feb 26, 2026 - Apr 17, 2026 |
| #4 | -8.43% Feb 26, 2026 - Apr 13, 2026 | -8.33% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -7.33% May 3, 2019 - Jul 24, 2019 | -7.68% Mar 28, 2024 - Jul 15, 2024 |
| #6 | -7.32% Jul 31, 2024 - Aug 30, 2024 | -6.69% Oct 27, 2025 - Nov 28, 2025 |
| #7 | -7.15% Mar 28, 2024 - May 15, 2024 | -4.05% May 6, 2026 - May 26, 2026 |
| #8 | -6.03% Jul 26, 2019 - Oct 28, 2019 | -4.03% Sep 18, 2025 - Oct 23, 2025 |
| #9 | -5.92% Sep 18, 2025 - Dec 10, 2025 | -3.76% Nov 11, 2024 - Nov 22, 2024 |
| #10 | -5.53% Jun 11, 2021 - Aug 11, 2021 | -3.71% May 26, 2026 - Jun 12, 2026 |
| #11 | -5.44% Mar 15, 2021 - Apr 14, 2021 | -3.27% Dec 27, 2023 - Jan 22, 2024 |
| #12 | -5.01% Sep 2, 2021 - Oct 20, 2021 | -3.18% Dec 11, 2025 - Jan 6, 2026 |
| #13 | -4.72% Aug 30, 2024 - Sep 19, 2024 | -2.93% Oct 17, 2024 - Nov 6, 2024 |
| #14 | -4.70% May 7, 2021 - Jun 8, 2021 | -2.59% Apr 20, 2026 - May 5, 2026 |
| #15 | -4.49% Feb 24, 2021 - Mar 10, 2021 | -2.56% Jun 15, 2023 - Jun 29, 2023 |
Correlation
Correlation between FSMD and TMSL is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2019 - 2026)
FSMD vs TMSL dividend yield comparison.
| Year | FSMD | TMSL |
|---|---|---|
| 2026 | 0.33% | 0.00% |
| 2025 | 1.33% | 0.57% |
| 2024 | 1.29% | 0.44% |
| 2023 | 1.37% | 0.34% |
| 2022 | 1.54% | 0.00% |
| 2021 | 1.18% | 0.00% |
| 2020 | 1.32% | 0.00% |
| 2019 | 1.37% | 0.00% |
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