AFMCvsFSMDETF Comparison
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First Trust Active Factor Mid Cap ETF (AFMC) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. AFMC's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FSMD's top sector exposures are Finance, Industrials and Technology. AFMC is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.15% for FSMD. AFMC is up 17.12% year-to-date (YTD) with +$99M in YTD flows. FSMD performs worse with 15.96% YTD performance, and +$316M in YTD flows. Run a side-by-side ETF comparison of AFMC and FSMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AFMC vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AFMC FSMD | -3.38%-2.60% | +2.02%-0.33% | +17.12%+15.96% | +19.29%+15.34% | +67.93%+59.28% | +64.88%+59.98% |
| Flows | AFMC FSMD | +$23M+$21M | +$47M+$68M | +$99M+$316M | +$111M+$510M | +$178M+$1.90B | +$184M+$1.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFMC FSMD | +12.03%+14.34% | +14.82%+15.33% | +17.44%+17.13% | +19.20%+18.29% |
| Max drawdown | AFMC FSMD | -4.33%-5.57% | -8.15%-8.28% | -21.83%-22.27% | -25.69%-22.27% |
| Max drawdown duration | AFMC FSMD | 25d44d | 47d43d | 289d289d | 752d289d |
Trading data
AFMC | FSMD | |
Last sale 9/11/2026 at 1:30 PM | $40.74 | $50.80 |
| Previous close 09/10/2026 | $40.28 | $50.41 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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AFMC
is actively managed and doesn’t replicate an indexAFMC | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
AFMC | FSMD | |
|---|---|---|
| Last price | $40.74 | $50.80 |
| 1D performance | +1.14% | +0.77% |
| AuM | $215.05 M | $2.54 B |
| E/R | 0.68% | 0.15% |
Characteristics
AFMC | FSMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | Fidelity |
| Benchmark | - | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 261 | 586 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2019 | February 26, 2019 |
| ESG | No | No |
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Exposure
Countries
AFMC
USA
95.63%
Other
4.37%
FSMD
USA
95.51%
Other
4.49%
Sectors
AFMC
Finance
20.72%
Technology
18%
Industrials
17.08%
Healthcare
10.33%
Consumer Cyclical.
9.61%
Non-Energy Materi.
9.56%
Other
14.7%
FSMD
Finance
23.71%
Industrials
16.08%
Technology
15.89%
Healthcare
12.78%
Non-Energy Materi.
7.81%
Other
23.74%
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Diversification
AFMC
Total weight of top 15 holdings out of 15
16.36%
FSMD
Total weight of top 15 holdings out of 15
9.86%
Top 15 holdings
Data as of July 31, 2026
AFMC
Reliance, Inc.
1.45%
Casey's General Stores, Inc.
1.30%
BorgWarner, Inc.
1.24%
Mueller Industries, Inc.
1.18%
TechnipFMC plc
1.14%
Federated Hermes, Inc.
1.13%
Chord Energy Corp.
1.08%
RenaissanceRe Holdings Ltd.
1.08%
Matson, Inc.
1.05%
Exelixis, Inc.
1.05%
Halozyme Therapeutics, Inc.
0.99%
ATI, Inc.
0.97%
National Fuel Gas Co.
0.91%
APA Corp.
0.90%
Affiliated Managers Group, Inc.
0.89%
FSMD
Sandisk Corp.
2.09%
Comfort Systems USA, Inc.
0.83%
Ciena Corp.
0.72%
Lumentum Holdings, Inc.
0.69%
Flex Ltd.
0.65%
Revolution Medicines, Inc.
0.58%
Coherent Corp.
0.56%
Casey's General Stores, Inc.
0.54%
Tapestry, Inc.
0.49%
Anglogold Ashanti Plc
0.48%
TechnipFMC plc
0.48%
EMCOR Group, Inc.
0.47%
Carpenter Technology Corp.
0.45%
Curtiss-Wright Corp.
0.42%
Tenet Healthcare Corp.
0.41%
Frequently asked questions about AFMC and FSMD
How have the AFMC and FSMD ETFs performed in 2026?
As of September 10, 2026, AFMC is up 17.12% year-to-date (YTD), while FSMD has returned 15.96%. That puts AFMC better performer ahead so far this year.
Which ETF is attracting more investor money: AFMC or FSMD?
Year-to-date, the AFMC ETF saw +$99M in flows, compared to +$316M for FSMD.
Which ETF is more volatile: AFMC or FSMD?
Over the past year, AFMC had a volatility of 14.82%, while FSMD experienced 15.33%.
Which ETF is bigger: AFMC or FSMD?
As of September 10, 2026, AFMC holds $215.05 M in assets under management (AUM), while FSMD manages $2.54 B.
What sectors do the AFMC and FSMD ETFs invest in?
AFMC leans toward sectors like Finance, Technology and Industrials. Meanwhile, FSMD focuses on Finance, Industrials and Technology.
What are the top holdings of the AFMC ETF and FSMD ETF?
AFMC top holdings include Reliance, Inc., Casey's General Stores, Inc. and BorgWarner, Inc.. FSMD holds in its top three: Sandisk Corp., Comfort Systems USA, Inc. and Ciena Corp..
Which ETF is more diversified: AFMC or FSMD?
AFMC holds 261 securities with 16.36% of its assets in the top 15. FSMD has 586 securities and a top 15 weight of 9.86%.
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