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ETFs

Fidelity Small-Mid Cap Opportunities ETF

FSMO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 02 2021
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$171,225
AUM
$33,542,864
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
12.91%
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
6.96%
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
2.37%
TPX
Tempur Sealy International Inc
1.95%
TFII
TFI International Inc
1.89%
DOX
Amdocs Ltd
1.54%
BLDR
Builders Firstsource Inc
1.51%
ON
ON Semiconductor Corp.
1.47%
CUBE
CubeSmart
1.46%
RRX
Regal Rexnord Corp
1.41%
Invest with FSMO

What is FSMO?

The fund seeks long-term growth of capital. Normally investing at least 80% of assets in securities of companies with small to medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2500 Index). Investing in domestic and foreign issuers. Investing in either growth stocks or value stocks or both.

ETFs related toFSMO

ETFs correlated to FSMO include IVOO, IJH, MIDU

FSMO
Fidelity Covington Trust - Fidelity Small-Mid Cap Opportunities ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFSMO

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FSMO using Composer

FAQ

FSMO is a Global Equities ETF. The fund seeks long-term growth of capital. Normally investing at least 80% of assets in securities of companies with small to medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2500 Index). Investing in domestic and foreign issuers. Investing in either growth stocks or value stocks or both.

Yes, FSMO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FSMO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FSMO is -0.0185%. This is the percent change in the value of FSMO over the most recent 1-month period. The 3-month return on FSMO is 0.0064%. This is the percent change in the value of FSMO over the most recent 3-month period.

The standard deviation of FSMO for the past year is 0.2009%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FSMO include DGS, DFIV, and DXJ.

ETFs correlated to FSMO include IVOO, IJH, and MIDU.

ETFs that are inversely correlated to FSMO include TZA, RWM, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.