FSMD vs TSPA
Comparison between FIDELITY SMALL-MID MULTIFACTOR ETF (FSMD, ETF) and T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF).
5-Year PerformanceTSPA has outperformed FSMD, delivering a return of +14.3% compared to +9.3%
FSMD vs TSPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FSMD
$2.10B
TSPA
$2.10B
Expense Ratio
Winner
FSMD
0.15%
TSPA
0.34%
Max Drawdown
FSMD
40.93%
Winner
TSPA
24.72%
Sharpe Ratio
FSMD
1.48
Winner
TSPA
2.00
5Y Beta
Winner
FSMD
0.94
TSPA
0.97
P/E Ratio
Winner
FSMD
20.10
TSPA
29.92
Forward P/E
Winner
FSMD
15.45
TSPA
22.50
PEG Ratio
FSMD
N/A
TSPA
0.59
5Y Dividends CAGR
FSMD
10.63%
TSPA
N/A
5Y EPS CAGR
FSMD
16.39%
Winner
TSPA
28.25%
Debt to Equity
FSMD
N/A
TSPA
44.08%
P/S Ratio
Winner
FSMD
1.59
TSPA
3.64
P/B Ratio
Winner
FSMD
2.53
TSPA
5.41
FSMD vs TSPA - Holdings Comparison
FSMD and TSPA have 19 common holdings. Overlap is 1.34%
FSMD's top 25 holdings weight is 14.32%. TSPA's top 25 holdings weight is 48.99%.
| Rank | FSMD | TSPA |
|---|---|---|
| #1 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.99% | NVIDIA CORP (NVDA) - 7.73% |
| #2 | CIENA CORP (CIEN) - 1.01% | APPLE INC (AAPL) - 6.96% |
| #3 | COMFORT SYSTEMS USA INC (FIX) - 0.90% | MICROSOFT CORP (MSFT) - 4.96% |
| #4 | LUMENTUM HOLDINGS INC (LITE) - 0.86% | AMAZON.COM INC (AMZN) - 3.77% |
| #5 | n/a (n/a) - 0.83% | ALPHABET INC CLASS C (GOOG) - 3.17% |
| #6 | COHERENT CORP (COHR) - 0.73% | BROADCOM INC (AVGO) - 2.80% |
| #7 | ANGLOGOLD ASHANTI PLC (AU) - 0.60% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #8 | EMCOR GROUP INC (EME) - 0.59% | ALPHABET INC CLASS A (GOOGL) - 2.36% |
| #9 | TECHNIPFMC PLC (FTI) - 0.52% | TESLA INC (TSLA) - 1.77% |
| #10 | FLEX LTD (FLEX) - 0.52% | ELI LILLY AND CO (LLY) - 1.38% |
| #11 | CASEY'S GENERAL STORES INC (CASY) - 0.51% | JPMORGAN CHASE & CO (JPM) - 1.35% |
| #12 | TAPESTRY INC (TPR) - 0.49% | EXXON MOBIL CORP (XOM) - 1.12% |
| #13 | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 0.47% | VISA INC CLASS A (V) - 1.05% |
| #14 | UNITED THERAPEUTICS CORP (UTHR) - 0.42% | T-MOBILE US INC (TMUS) - 1.03% |
| #15 | CURTISS-WRIGHT CORP (CW) - 0.41% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.01% |
| #16 | FABRINET (FN) - 0.40% | WALMART INC (WMT) - 0.99% |
| #17 | MASTEC INC (MTZ) - 0.39% | NETFLIX INC (NFLX) - 0.98% |
| #18 | NVENT ELECTRIC PLC (NVT) - 0.36% | JOHNSON & JOHNSON (JNJ) - 0.95% |
| #19 | EVERPURE INC CLASS A (P) - 0.36% | CHEVRON CORP (CVX) - 0.82% |
| #20 | CARPENTER TECHNOLOGY CORP (CRS) - 0.36% | MASTERCARD INC CLASS A (MA) - 0.80% |
| #21 | SIMPSON MANUFACTURING CO INC (SSD) - 0.32% | ABBOTT LABORATORIES (ABT) - 0.32% |
| #22 | ESSENTIAL PROPERTIES REALTY TRUST INC (EPRT) - 0.32% | AMPHENOL CORP CLASS A (APH) - 0.32% |
| #23 | SABRA HEALTH CARE REIT INC (SBRA) - 0.32% | CSX CORP (CSX) - 0.32% |
| #24 | ENERSYS (ENS) - 0.32% | NORTHROP GRUMMAN CORP (NOC) - 0.32% |
| #25 | TRI POINTE HOMES INC (TPH) - 0.32% | ALLSTATE CORP (ALL) - 0.31% |
| Total Holdings | 550 | 272 |
FSMD vs TSPA - Historical Returns
Returns include dividend reinvestment.
1M
FSMD
+6.19%
Winner
TSPA
+9.39%
3M
FSMD
+6.00%
Winner
TSPA
+6.99%
6M
Winner
FSMD
+16.39%
TSPA
+11.27%
1Y
FSMD
+27.73%
Winner
TSPA
+32.17%
5Y(CAGR)
FSMD
+9.26%
Winner
TSPA
+14.33%
Max(CAGR)
FSMD
+11.75%
Winner
TSPA
+14.33%
FSMD vs TSPA - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | FSMD | TSPA |
|---|---|---|
| 2026 | +12.67% | +8.86% |
| 2025 | +8.92% | +16.49% |
| 2024 | +15.63% | +27.28% |
| 2023 | +17.73% | +30.41% |
| 2022 | -11.54% | -19.11% |
| 2021 | +27.63% | +13.72% |
| 2020 | +8.61% | N/A |
| 2019 | +8.81% | N/A |
FSMD vs TSPA Drawdown Comparison
The maximum drawdown for FSMD was -40.66%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.
The current FSMD drawdown is -0.58%.
| Rank | FSMD | TSPA |
|---|---|---|
| #1 | -40.66% Feb 19, 2020 - Nov 23, 2020 | -24.72% Dec 29, 2021 - Nov 22, 2023 |
| #2 | -22.16% Nov 25, 2024 - Sep 11, 2025 | -19.04% Feb 19, 2025 - Jun 27, 2025 |
| #3 | -20.63% Nov 16, 2021 - Dec 14, 2023 | -9.24% Jan 29, 2026 - Apr 14, 2026 |
| #4 | -8.43% Feb 26, 2026 - Apr 13, 2026 | -8.90% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -7.33% May 3, 2019 - Jul 24, 2019 | -5.49% Mar 28, 2024 - May 14, 2024 |
| #6 | -7.32% Jul 31, 2024 - Aug 30, 2024 | -5.40% Oct 29, 2025 - Dec 11, 2025 |
| #7 | -7.15% Mar 28, 2024 - May 15, 2024 | -4.78% Aug 30, 2021 - Oct 19, 2021 |
| #8 | -6.03% Jul 26, 2019 - Oct 28, 2019 | -4.16% Nov 16, 2021 - Dec 23, 2021 |
| #9 | -5.92% Sep 18, 2025 - Dec 10, 2025 | -3.91% Dec 6, 2024 - Jan 22, 2025 |
| #10 | -5.53% Jun 11, 2021 - Aug 11, 2021 | -2.97% Oct 8, 2025 - Oct 24, 2025 |
| #11 | -5.44% Mar 15, 2021 - Apr 14, 2021 | -2.82% Jul 12, 2021 - Jul 23, 2021 |
| #12 | -5.01% Sep 2, 2021 - Oct 20, 2021 | -2.77% Dec 11, 2025 - Dec 23, 2025 |
| #13 | -4.72% Aug 30, 2024 - Sep 19, 2024 | -2.64% Oct 14, 2024 - Nov 6, 2024 |
| #14 | -4.70% May 7, 2021 - Jun 8, 2021 | -2.59% Jan 12, 2026 - Jan 27, 2026 |
| #15 | -4.49% Feb 24, 2021 - Mar 10, 2021 | -2.36% Nov 11, 2024 - Nov 26, 2024 |
Correlation
Correlation between FSMD and TSPA 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 TSPA dividend yield comparison.
| Year | FSMD | TSPA |
|---|---|---|
| 2026 | 0.34% | 0.00% |
| 2025 | 1.33% | 0.62% |
| 2024 | 1.29% | 0.50% |
| 2023 | 1.37% | 0.41% |
| 2022 | 1.54% | 1.16% |
| 2021 | 1.18% | 0.43% |
| 2020 | 1.32% | 0.00% |
| 2019 | 1.37% | 0.00% |
Select Stocks to Compare
Popular: FSMD vs SPYTSPA vs SPY
More Comparisons
Compare with similar stocks