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ESMLvsFSMDETF Comparison
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 4.05% year-to-date (YTD) with +$108M in YTD flows. FSMD performs worse with 2.49% YTD performance, and +$166M 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.
ESML vs FSMD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ESML FSMD | -4.51%-4.42% | +1.91%+1.04% | +4.05%+2.49% | +25.44%+18.23% | +48.37%+49.31% | +30.58%+49.54% |
| Flows | ESML FSMD | +$15M+$55M | +$134M+$210M | +$108M+$166M | +$77M+$1.02B | +$273M+$1.76B | +$1.19B+$1.81B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ESML FSMD | +16.15%+13.85% | +22.14%+18.99% | +19.77%+16.92% | +21.35%+18.24% |
| Max drawdown | ESML FSMD | -5.16%-5.58% | -16.43%-13.29% | -26.61%-22.27% | -28.52%-22.27% |
| Max drawdown duration | ESML FSMD | 12d12d | 46d46d | 296d289d | 980d289d |
ESML | FSMD | |
Last sale 3/11/2026 at 1:30 PM | $47.76 | $45.13 |
| Previous close 03/10/2026 | $47.84 | $45.15 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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ESML | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
ESML | FSMD | |
|---|---|---|
| Last price | $47.76 | $45.13 |
| 1D performance | -0.17% | -0.04% |
| AuM | $2.24 B | $2.12 B |
| E/R | 0.17% | 0.15% |
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 | 814 | 546 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 10, 2018 | February 26, 2019 |
| ESG | Yes | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the ESML and FSMD ETFs performed in 2026?
As of March 10, 2026, ESML is up 4.05% year-to-date (YTD), while FSMD has returned 2.49%. 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 +$108M in flows, compared to +$166M for FSMD.
Which ETF is more volatile: ESML or FSMD?
Over the past year, ESML had a volatility of 22.14%, while FSMD experienced 18.99%.
Which ETF is bigger: ESML or FSMD?
As of March 10, 2026, ESML holds $2.24 B in assets under management (AUM), while FSMD manages $2.12 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, US86765Q1067 and US19247G1076. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.
Which ETF is more diversified: ESML or FSMD?
ESML holds 899 securities with 7.99% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.
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