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. ESML's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, FSMD's top sector exposures are Finance, Industrials and Technology. ESML is more expensive with a Total Expense Ratio (TER) of 0.17%, versus 0.15% for FSMD. ESML is up 17.56% year-to-date (YTD) with +$411M in YTD flows. FSMD performs worse with 15.96% YTD performance, and +$316M 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 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ESML FSMD | -3.17%-2.60% | +0.16%-0.33% | +17.56%+15.96% | +19.55%+15.34% | +59.27%+59.28% | +44.00%+59.98% |
| Flows | ESML FSMD | -$7M+$21M | +$20M+$68M | +$411M+$316M | +$416M+$510M | +$636M+$1.90B | +$1.10B+$1.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ESML FSMD | +14.73%+14.34% | +16.84%+15.33% | +19.66%+17.13% | +21.24%+18.29% |
| Max drawdown | ESML FSMD | -5.69%-5.57% | -9.05%-8.28% | -26.61%-22.27% | -28.52%-22.27% |
| Max drawdown duration | ESML FSMD | 26d44d | 46d43d | 296d289d | 980d289d |
Trading data
ESML | FSMD | |
Last sale 9/14/2026 at 4:18 PM | $53.79 | $50.56 |
| Previous close 09/11/2026 | $53.79 | $50.80 |
| Consolidated volume 09/11/2026 | ||
| 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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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 9/14/2026 at 4:18 PM
Live
Closed
ESML | FSMD | |
|---|---|---|
| Last price | $53.79 | $50.56 |
| 1D performance | -0.01% | -0.47% |
| AuM | $2.82 B | $2.54 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 | 901 | 586 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 10, 2018 | February 26, 2019 |
| ESG | Yes | No |
Exposure
Countries
ESML
USA
96.59%
Other
3.41%
FSMD
USA
95.51%
Other
4.49%
Sectors
ESML
Finance
22.56%
Technology
16.47%
Healthcare
14.46%
Industrials
13.98%
Other
32.53%
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
ESML
Total weight of top 15 holdings out of 15
7.94%
FSMD
Total weight of top 15 holdings out of 15
9.86%
Top 15 holdings
Data as of July 31, 2026
ESML
Sandisk Corp.
2.76%
US Foods Holding Corp.
0.55%
Assurant, Inc.
0.50%
Ovintiv, Inc.
0.43%
ATI, Inc.
0.40%
Carpenter Technology Corp.
0.39%
nVent Electric Plc
0.37%
Jones Lang LaSalle, Inc.
0.36%
Woodward, Inc.
0.33%
BlackRock Cash Funds - Treasury
0.32%
Equitable Holdings, Inc.
0.31%
Healthpeak Properties, Inc.
0.31%
Moderna, Inc.
0.31%
Brixmor Property Group, Inc.
0.31%
East West Bancorp, Inc.
0.31%
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 ESML and FSMD
How have the ESML and FSMD ETFs performed in 2026?
As of September 11, 2026, ESML is up 17.56% year-to-date (YTD), while FSMD has returned 15.96%. 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 +$411M in flows, compared to +$316M for FSMD.
Which ETF is more volatile: ESML or FSMD?
Over the past year, ESML had a volatility of 16.84%, while FSMD experienced 15.33%.
Which ETF is bigger: ESML or FSMD?
As of September 11, 2026, ESML holds $2.82 B in assets under management (AUM), while FSMD manages $2.54 B.
What sectors do the ESML and FSMD ETFs invest in?
ESML leans toward sectors like Finance, Technology and Healthcare. Meanwhile, FSMD focuses on Finance, Industrials and Technology.
What are the top holdings of the ESML ETF and FSMD ETF?
ESML top holdings include Sandisk Corp., US Foods Holding Corp. and Assurant, Inc.. FSMD holds in its top three: Sandisk Corp., Comfort Systems USA, Inc. and Ciena Corp..
Which ETF is more diversified: ESML or FSMD?
ESML holds 904 securities with 7.94% of its assets in the top 15. FSMD has 586 securities and a top 15 weight of 9.86%.
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