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