Fidelity Small-Mid Cap Opportunities ETF Price & Performance (FFSM)

The Fidelity Global Future Leaders Active ETF reported a 6.94% gain over the past six months, but a 4.97% decline in March, reflecting heightened market uncertainty. Despite recent weakness, its annualized return since inception stands at 12.86%, slightly ahead of its benchmark. Shifting sector trends and inflation concerns contributed to recent fluctuations.12

The Fidelity Fundamental Small-Mid Cap ETF has posted a -5.78% return over the past year, outperforming the Russell 2500’s -7.50% but lagging its three-year average. The ETF’s longer-term results highlight the ongoing challenges and opportunities within the small to mid-cap segment, as market volatility remains a key factor.34

Fidelity’s Global Small Cap Opportunities Fund delivered a 5.13% return over the past year and 17.23% over two years, as of March 2025. With significant positions in U.S., Canadian, and European equities, the fund’s strategy of targeting mispriced global small caps has contributed to steady gains despite pockets of market turbulence.5