BUYOvsFSMDETF Comparison
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KraneShares Man Buyout Beta Index ETF (BUYO) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. BUYO's top 3 sector exposures are Technology, Industrials and Finance. In contrast, FSMD's top sector exposures are Finance, Industrials and Technology. BUYO is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.15% for FSMD. BUYO is up 16.04% year-to-date (YTD) with +$3M in YTD flows. FSMD performs worse with 14.23% YTD performance, and +$326M in YTD flows. Run a side-by-side ETF comparison of BUYO 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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BUYO vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BUYO FSMD | -4.64%-4.44% | -0.71%-2.94% | +16.04%+14.23% | +18.36%+13.72% | n/a+57.63% | n/a+61.56% |
| Flows | BUYO FSMD | +$2M+$36M | +$2M+$67M | +$3M+$326M | +$3M+$520M | -+$1.91B | -+$1.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BUYO FSMD | +13.63%+13.73% | +17.27%+15.24% | n/a+17.12% | n/a+18.26% |
| Max drawdown | BUYO FSMD | -6.72%-6.19% | -10.21%-8.28% | n/a-22.27% | n/a-22.27% |
| Max drawdown duration | BUYO FSMD | 33d32d | 49d43d | n/a289d | n/a289d |
Trading data
BUYO | FSMD | |
Last sale 9/21/2026 at 1:30 PM | $32.55 | $49.99 |
| Previous close 09/18/2026 | $32.25 | $49.88 |
| Consolidated volume 09/18/2026 | ||
| 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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BUYO | 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 9/21/2026 at 1:30 PM
Live
Closed
BUYO | FSMD | |
|---|---|---|
| Last price | $32.55 | $49.99 |
| 1D performance | +0.94% | +0.22% |
| AuM | $17.74 M | $2.50 B |
| E/R | 0.89% | 0.15% |
Characteristics
BUYO | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | Fidelity |
| Benchmark | Man Buyout Beta Index | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 323 | 586 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 8, 2024 | February 26, 2019 |
| ESG | No | No |
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Exposure
Countries
BUYO
USA
94.34%
Other
5.66%
FSMD
USA
95.51%
Other
4.49%
Sectors
BUYO
Technology
22.99%
Industrials
17.24%
Finance
13.11%
Healthcare
12.1%
Non-Energy Materi.
10.53%
Other
24.03%
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
BUYO
Total weight of top 15 holdings out of 15
15.7%
FSMD
Total weight of top 15 holdings out of 15
9.86%
Top 15 holdings
Data as of July 31, 2026
BUYO
News Corp.
1.62%
Encompass Health Corp.
1.31%
Teladoc Health, Inc.
1.26%
Affiliated Managers Group, Inc.
1.12%
AXIS Capital Holdings Ltd.
1.06%
Asana, Inc.
1.03%
Materion Corp.
0.99%
StandardAero, Inc.
0.98%
ATI, Inc.
0.94%
Morningstar, Inc.
0.93%
Onto Innovation, Inc.
0.93%
Millicom International Cellular SA
0.93%
Frontdoor, Inc.
0.88%
Amneal Pharmaceuticals, Inc.
0.86%
Lifestance Health Group, Inc.
0.86%
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 BUYO and FSMD
How have the BUYO and FSMD ETFs performed in 2026?
As of September 18, 2026, BUYO is up 16.04% year-to-date (YTD), while FSMD has returned 14.23%. That puts BUYO better performer ahead so far this year.
Which ETF is attracting more investor money: BUYO or FSMD?
Year-to-date, the BUYO ETF saw +$3M in flows, compared to +$326M for FSMD.
Which ETF is more volatile: BUYO or FSMD?
Over the past year, BUYO had a volatility of 17.27%, while FSMD experienced 15.24%.
Which ETF is bigger: BUYO or FSMD?
As of September 18, 2026, BUYO holds $17.74 M in assets under management (AUM), while FSMD manages $2.50 B.
What sectors do the BUYO and FSMD ETFs invest in?
BUYO leans toward sectors like Technology, Industrials and Finance. Meanwhile, FSMD focuses on Finance, Industrials and Technology.
What are the top holdings of the BUYO ETF and FSMD ETF?
BUYO top holdings include News Corp., Encompass Health Corp. and Teladoc Health, Inc.. FSMD holds in its top three: Sandisk Corp., Comfort Systems USA, Inc. and Ciena Corp..
Which ETF is more diversified: BUYO or FSMD?
BUYO holds 323 securities with 15.7% of its assets in the top 15. FSMD has 586 securities and a top 15 weight of 9.86%.
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