FFSMvsFSMDETF Comparison
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Fidelity Fundamental Small-Mid Cap ETF (FFSM) belongs to the Global Blended 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: Finance, Industrials and Technology. FFSM is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.15% for FSMD. FFSM is up 17.56% year-to-date (YTD) with +$467M in YTD flows. FSMD performs worse with 16.48% YTD performance, and +$300M in YTD flows. Run a side-by-side ETF comparison of FFSM 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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FFSM vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FFSM FSMD | -2.93%-0.94% | -0.58%+1.32% | +17.56%+16.48% | +25.49%+18.59% | +63.46%+55.13% | +54.84%+56.72% |
| Flows | FFSM FSMD | +$116M+$16M | +$304M+$67M | +$467M+$300M | +$623M+$503M | +$1.29B+$1.88B | +$1.31B+$1.95B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FFSM FSMD | +17.66%+15.72% | +18.57%+15.38% | +19.32%+17.18% | +20.63%+18.29% |
| Max drawdown | FFSM FSMD | -6.86%-5.57% | -10.43%-8.28% | -24.54%-22.27% | -26.71%-22.27% |
| Max drawdown duration | FFSM FSMD | 16d44d | 43d43d | 283d289d | 828d289d |
Trading data
FFSM | FSMD | |
Last sale 9/3/2026 at 5:08 PM | $36.28 | $51.29 |
| Previous close 09/02/2026 | $35.93 | $51.04 |
| Consolidated volume 09/02/2026 | ||
| 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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FFSM
is actively managed and doesn’t replicate an indexFFSM | 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 9/3/2026 at 5:08 PM
Live
Closed
FFSM | FSMD | |
|---|---|---|
| Last price | $36.28 | $51.29 |
| 1D performance | +0.97% | +0.49% |
| AuM | $1.58 B | $2.53 B |
| E/R | 0.43% | 0.15% |
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Exposure
Countries
FFSM
USA
93.78%
Other
6.22%
FSMD
USA
95.33%
Other
4.67%
Sectors
FFSM
Finance
19.84%
Industrials
17.03%
Technology
15.53%
Healthcare
11.46%
Non-Energy Materi.
11.08%
Consumer Cyclical.
8.04%
Other
17.01%
FSMD
Finance
23.71%
Industrials
15.89%
Technology
15.89%
Healthcare
12.78%
Non-Energy Materi.
7.81%
Other
23.92%
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Diversification
FFSM
Total weight of top 15 holdings out of 15
20.44%
FSMD
Total weight of top 15 holdings out of 15
9.86%
Top 15 holdings
Data as of July 31, 2026
FFSM
FirstCash Holdings, Inc.
1.62%
Western Digital Corp.
1.60%
ATI, Inc.
1.54%
Fabrinet
1.51%
Murphy USA, Inc.
1.47%
IES Holdings, Inc.
1.46%
Carpenter Technology Corp.
1.45%
Stifel Financial Corp.
1.37%
Comfort Systems USA, Inc.
1.31%
BrightSpring Health Services, Inc.
1.27%
Coherent Corp.
1.26%
Advanced Energy Industries, Inc.
1.17%
Element Solutions, Inc.
1.14%
Genpact Ltd.
1.14%
RBC Bearings, Inc.
1.13%
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 FFSM and FSMD
How have the FFSM and FSMD ETFs performed in 2026?
As of September 2, 2026, FFSM is up 17.56% year-to-date (YTD), while FSMD has returned 16.48%. That puts FFSM better performer ahead so far this year.
Which ETF is attracting more investor money: FFSM or FSMD?
Year-to-date, the FFSM ETF saw +$467M in flows, compared to +$300M for FSMD.
Which ETF is more volatile: FFSM or FSMD?
Over the past year, FFSM had a volatility of 18.57%, while FSMD experienced 15.38%.
Which ETF is bigger: FFSM or FSMD?
As of September 2, 2026, FFSM holds $1.58 B in assets under management (AUM), while FSMD manages $2.53 B.
What sectors do the FFSM and FSMD ETFs invest in?
FFSM leans toward sectors like Finance, Industrials and Technology. Meanwhile, FSMD focuses on Finance, Industrials and Technology.
What are the top holdings of the FFSM ETF and FSMD ETF?
FFSM top holdings include FirstCash Holdings, Inc., Western Digital Corp. and ATI, Inc.. FSMD holds in its top three: Sandisk Corp., Comfort Systems USA, Inc. and Ciena Corp..
Which ETF is more diversified: FFSM or FSMD?
FFSM holds 929 securities with 20.44% of its assets in the top 15. FSMD has 586 securities and a top 15 weight of 9.86%.
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