FDLSvsSMMDETF Comparison
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Inspire Fidelis Multi Factor ETF (FDLS) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. FDLS's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, SMMD's top sector exposures are Finance, Healthcare and Industrials. FDLS is more expensive with a Total Expense Ratio (TER) of 0.66%, versus 0.23% for SMMD. FDLS is up 18.55% year-to-date (YTD) with +$148M in YTD flows. SMMD performs worse with 17.76% YTD performance, and +$1.49B in YTD flows. Run a side-by-side ETF comparison of FDLS and SMMD 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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FDLS vs SMMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDLS SMMD | -4.12%-5.53% | +2.93%-0.93% | +18.55%+17.76% | +22.86%+20.71% | +70.55%+62.70% | n/a+44.36% |
| Flows | FDLS SMMD | +$66M+$470M | +$76M+$690M | +$148M+$1.49B | +$168M+$1.95B | +$187M+$2.57B | -+$3.06B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDLS SMMD | +11.51%+13.26% | +16.37%+17.48% | +18.28%+19.37% | n/a+20.96% |
| Max drawdown | FDLS SMMD | -4.55%-6.52% | -9.10%-9.48% | -23.13%-25.55% | n/a-28.20% |
| Max drawdown duration | FDLS SMMD | 31d32d | 46d43d | 219d283d | n/a980d |
Trading data
FDLS | SMMD | |
Last sale 9/18/2026 at 1:30 PM | $41.91 | $86.97 |
| Previous close 09/17/2026 | $42.16 | $87.43 |
| Consolidated volume 09/17/2026 | ||
| 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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FDLS | SMMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FDLS | SMMD | |
|---|---|---|
| Last price | $41.91 | $86.97 |
| 1D performance | -0.59% | -0.53% |
| AuM | $301.44 M | $4.10 B |
| E/R | 0.66% | 0.23% |
Characteristics
FDLS | SMMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Inspire ETFs | iShares |
| Benchmark | WI Fidelis Multi-Cap, Multi-Factor Index | Russell 2500 Index |
| N° of holdings | 101 | 2449 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 23, 2022 | July 6, 2017 |
| ESG | No | No |
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Exposure
Countries
FDLS
USA
82.49%
Other
17.51%
SMMD
USA
95.29%
Other
4.71%
Sectors
FDLS
Finance
21.24%
Technology
19.98%
Healthcare
12.66%
Energy
10.85%
Non-Energy Materi.
10.1%
Industrials
8.92%
Other
16.25%
SMMD
Finance
25.19%
Healthcare
14.82%
Industrials
14.07%
Technology
12.73%
Non-Energy Materi.
8.03%
Other
25.16%
Diversification
FDLS
Total weight of top 15 holdings out of 15
19.17%
SMMD
Total weight of top 15 holdings out of 15
4.49%
Top 15 holdings
Data as of July 31, 2026
FDLS
Par Pacific Holdings, Inc.
1.65%
Bausch Health Cos., Inc.
1.41%
HF Sinclair Corp.
1.38%
Quad/Graphics, Inc.
1.33%
Valero Energy Corp.
1.30%
Columbus McKinnon Corp.
1.28%
Ooma, Inc.
1.24%
PACS Group, Inc.
1.23%
EverQuote, Inc.
1.22%
Cboe Global Markets, Inc.
1.20%
Jack Henry & Associates, Inc.
1.20%
CF Industries Holdings, Inc.
1.18%
Donnelley Financial Solutions, Inc.
1.18%
Aveanna Healthcare Holdings, Inc.
1.18%
Slide Insurance Holdings, Inc.
1.18%
SMMD
ATI, Inc.
0.34%
BlackRock Cash Funds - Treasury
0.33%
Carpenter Technology Corp.
0.33%
nVent Electric Plc
0.32%
US Foods Holding Corp.
0.30%
F5, Inc.
0.30%
Packaging Corporation of America
0.29%
NiSource, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
Woodward, Inc.
0.29%
SoFi Technologies, Inc.
0.28%
Snap-On, Inc.
0.28%
Viatris, Inc.
0.28%
Affirm Holdings, Inc.
0.28%
Reliance, Inc.
0.28%
Frequently asked questions about FDLS and SMMD
How have the FDLS and SMMD ETFs performed in 2026?
As of September 17, 2026, FDLS is up 18.55% year-to-date (YTD), while SMMD has returned 17.76%. That puts FDLS better performer ahead so far this year.
Which ETF is attracting more investor money: FDLS or SMMD?
Year-to-date, the FDLS ETF saw +$148M in flows, compared to +$1.49B for SMMD.
Which ETF is more volatile: FDLS or SMMD?
Over the past year, FDLS had a volatility of 16.37%, while SMMD experienced 17.48%.
Which ETF is bigger: FDLS or SMMD?
As of September 17, 2026, FDLS holds $301.44 M in assets under management (AUM), while SMMD manages $4.10 B.
What sectors do the FDLS and SMMD ETFs invest in?
FDLS leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.
What are the top holdings of the FDLS ETF and SMMD ETF?
FDLS top holdings include Par Pacific Holdings, Inc., Bausch Health Cos., Inc. and HF Sinclair Corp.. SMMD holds in its top three: ATI, Inc., BlackRock Cash Funds - Treasury and Carpenter Technology Corp..
Which ETF is more diversified: FDLS or SMMD?
FDLS holds 101 securities with 19.17% of its assets in the top 15. SMMD has 2468 securities and a top 15 weight of 4.49%.
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