ESMLvsFSMDETF Comparison
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iShares ESG Aware MSCI USA Small-Cap ETF (ESML) belongs to the US Small Cap segment. Fidelity Small-Mid Multifactor ETF (FSMD) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. ESML is more expensive with a Total Expense Ratio (TER) of 0.17%, versus 0.15% for FSMD. ESML is up 12.47% year-to-date (YTD) with +$30M in YTD flows. FSMD performs worse with 11.66% YTD performance, and +$233M in YTD flows. Run a side-by-side ETF comparison of ESML 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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ESML vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ESML FSMD | +8.80%+8.58% | +5.64%+6.87% | +12.47%+11.66% | +38.51%+29.22% | +59.72%+60.25% | +36.92%+54.84% |
| Flows | ESML FSMD | -$13M+$23M | -$53M+$179M | +$30M+$233M | +$3M+$472M | +$204M+$1.83B | +$987M+$1.88B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ESML FSMD | +19.00%+18.13% | +17.30%+15.14% | +19.73%+16.96% | +21.31%+18.32% |
| Max drawdown | ESML FSMD | -9.05%-8.28% | -9.05%-8.28% | -26.61%-22.27% | -28.52%-22.27% |
| Max drawdown duration | ESML FSMD | 46d43d | 46d43d | 296d289d | 980d289d |
Trading data
ESML | FSMD | |
Last sale 5/1/2026 at 1:30 PM | $51.55 | $49.05 |
| Previous close 04/29/2026 | $51.36 | $48.87 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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ESML | 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 5/1/2026 at 1:30 PM
Live
Closed
ESML | FSMD | |
|---|---|---|
| Last price | $51.55 | $49.05 |
| 1D performance | +0.37% | +0.37% |
| AuM | $2.33 B | $2.37 B |
| E/R | 0.17% | 0.15% |
Characteristics
ESML | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Fidelity |
| Benchmark | MSCI USA Small Cap Extended ESG Focus Index | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 823 | 560 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 10, 2018 | February 26, 2019 |
| ESG | Yes | No |
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Exposure
Countries
ESML
USA
93.72%
Other
6.28%
FSMD
USA
92.6%
Other
7.4%
Sectors
ESML
Industrials
17.15%
Financials
13.64%
Information Techn.
13.18%
Health Care
12.02%
Consumer Discreti.
11.18%
Other
32.83%
FSMD
Industrials
19.48%
Financials
14.58%
Information Techn.
13.34%
Health Care
11.29%
Consumer Discreti.
10.19%
Other
31.12%
Diversification
ESML
Total weight of top 15 holdings out of 15
7.53%
FSMD
Total weight of top 15 holdings out of 15
9.31%
Top 15 holdings
Data as of March 31, 2026
ESML
US80004C2008
1.51%
TECHNIPFMC PLC
0.64%
US FOODS HOLDING CORP
0.57%
OVINTIV INC
0.52%
ASSURANT
0.44%
JANUS HENDERSON GROUP PLC
0.43%
XPO LOGISTICS
0.42%
ROYAL GOLD
0.42%
AKAMAI TECHNOLOGIES
0.39%
ALBEMARLE
0.39%
ATI INC
0.38%
WOODWARD
0.37%
CARPENTER TECHNOLOGY
0.37%
ONE GAS INC
0.36%
FEDERAL REIT
0.34%
FSMD
US80004C2008
1.35%
CIENA
0.95%
LUMENTUM HOLDINGS
0.83%
COMFORT SYSTEMS USA
0.78%
US19247G1076
0.65%
GB00BRXH2664
0.62%
TECHNIPFMC PLC
0.54%
EMCOR GROUP
0.54%
TAPESTRY INC
0.51%
CASEYS GENERAL STORES
0.51%
UTD THERAPEUT
0.43%
FLEX LTD
0.43%
CURTISS WRIGHT
0.42%
APA CORPORATION
0.38%
WOODWARD
0.37%
Frequently asked questions about ESML and FSMD
How have the ESML and FSMD ETFs performed in 2026?
As of May 1, 2026, ESML is up 12.47% year-to-date (YTD), while FSMD has returned 11.66%. That puts ESML better performer ahead so far this year.
Which ETF is attracting more investor money: ESML or FSMD?
Year-to-date, the ESML ETF saw +$30M in flows, compared to +$233M for FSMD.
Which ETF is more volatile: ESML or FSMD?
Over the past year, ESML had a volatility of 17.3%, while FSMD experienced 15.14%.
Which ETF is bigger: ESML or FSMD?
As of May 1, 2026, ESML holds $2.33 B in assets under management (AUM), while FSMD manages $2.37 B.
What sectors do the ESML and FSMD ETFs invest in?
ESML leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.
What are the top holdings of the ESML ETF and FSMD ETF?
ESML top holdings include US80004C2008, TECHNIPFMC PLC and US FOODS HOLDING CORP. FSMD holds in its top three: US80004C2008, CIENA and LUMENTUM HOLDINGS.
Which ETF is more diversified: ESML or FSMD?
ESML holds 906 securities with 7.53% of its assets in the top 15. FSMD has 595 securities and a top 15 weight of 9.31%.
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