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FFSMvsFSMDETF Comparison

ETF 1

FFSM

Fidelity Fundamental Small-Mid Cap ETF

This fund is part of

Global Blended Cap

-0.71%

Full FFSM fund page

VS

ETF 2

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

-0.62%

Full FSMD fund page

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. FFSM's top 3 sector exposures are Industrials, Finance and Technology. In contrast, FSMD's top sector exposures are Finance, Technology and Industrials. FFSM is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.15% for FSMD. FFSM is up 19.73% year-to-date (YTD) with +$287M in YTD flows. FSMD performs worse with 15.84% YTD performance, and +$284M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FFSM FSMD	-0.62%-0.15%	+4.18%+4.46%	+19.73%+15.84%	+32.36%+22.16%	+66.98%+54.88%	+74.82%+67.95%
Flows	FFSM FSMD	+$105M+$26M	+$156M+$61M	+$287M+$284M	+$449M+$513M	+$1.12B+$1.87B	+$1.13B+$1.92B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FFSM FSMD	+19.03%+15.88%	+18.56%+15.40%	+19.20%+17.03%	+20.62%+18.30%
Max drawdown	FFSM FSMD	-5.57%-4.15%	-10.43%-8.28%	-24.54%-22.27%	-26.71%-22.27%
Max drawdown duration	FFSM FSMD	35d17d	43d43d	283d289d	828d289d

Trading data

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	FFSM	FSMD
Last sale 7/17/2026 at 1:30 PM	$36.71	$50.76
Previous close 07/16/2026	$36.87	$51.07
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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FFSM

is actively managed and doesn’t replicate an index

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	FFSM	FSMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	FFSM	FSMD
Last price	$36.71	$50.76
1D performance	-0.43%	-0.61%
AuM	$1.44 B	$2.50 B
E/R	0.43%	0.15%

Characteristics

	FFSM	FSMD
Management strategy	Active	Passive
Provider	Fidelity	Fidelity
Benchmark	-	Fidelity Small-Mid Multifactor Index
N° of holdings	730	590
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 4, 2021	February 26, 2019
ESG	No	No

More FFSM data on Trackinsight

More FSMD data on Trackinsight

Exposure

Countries

FFSM

USA

94.36%

Other

5.64%

FSMD

USA

95.56%

Other

4.44%

Sectors

FFSM

Industrials

19.86%

Finance

19.58%

Technology

17.52%

Non-Energy Materi.

9.75%

Healthcare

9.33%

Consumer Cyclical.

7.8%

Other

16.16%

FSMD

Finance

21.59%

Technology

19.04%

Industrials

16.87%

Healthcare

11.43%

Non-Energy Materi.

7.77%

Other

23.3%

Diversification

FFSM

Total weight of top 15 holdings out of 15

24.64%

FSMD

Total weight of top 15 holdings out of 15

12.3%

Top 15 holdings

Data as of May 31, 2026

FFSM

Sterling Infrastructure, Inc.

2.55%

Sanmina Corp.

2.34%

Lumentum Holdings, Inc.

2.03%

MACOM Technology Solutions Holdings, Inc.

1.89%

IES Holdings, Inc.

1.88%

Fabrinet

1.72%

ITT, Inc.

1.56%

Murphy USA, Inc.

1.50%

SPX Technologies, Inc.

1.34%

BrightSpring Health Services, Inc.

1.34%

Eagle Materials, Inc.

1.33%

Coherent Corp.

1.31%

Carpenter Technology Corp.

1.30%

Jones Lang LaSalle, Inc.

1.29%

TD SYNNEX Corp.

1.26%

FSMD

Sandisk Corp.

3.17%

Ciena Corp.

1.17%

Comfort Systems USA, Inc.

0.96%

Lumentum Holdings, Inc.

0.91%

Coherent Corp.

0.87%

Flex Ltd.

0.84%

Anglogold Ashanti Plc

0.59%

EMCOR Group, Inc.

0.56%

Casey's General Stores, Inc.

0.50%

Revolution Medicines, Inc.

0.49%

Tapestry, Inc.

0.48%

Sterling Infrastructure, Inc.

0.45%

TechnipFMC plc

0.45%

MACOM Technology Solutions Holdings, Inc.

0.44%

Curtiss-Wright Corp.

0.42%

Frequently asked questions about FFSM and FSMD

How have the FFSM and FSMD ETFs performed in 2026?

As of July 17, 2026, FFSM is up 19.73% year-to-date (YTD), while FSMD has returned 15.84%. 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 +$287M in flows, compared to +$284M for FSMD.

Which ETF is more volatile: FFSM or FSMD?

Over the past year, FFSM had a volatility of 18.56%, while FSMD experienced 15.4%.

Which ETF is bigger: FFSM or FSMD?

As of July 17, 2026, FFSM holds $1.44 B in assets under management (AUM), while FSMD manages $2.50 B.

What sectors do the FFSM and FSMD ETFs invest in?

FFSM leans toward sectors like Industrials, Finance and Technology. Meanwhile, FSMD focuses on Finance, Technology and Industrials.

What are the top holdings of the FFSM ETF and FSMD ETF?

FFSM top holdings include Sterling Infrastructure, Inc., Sanmina Corp. and Lumentum Holdings, Inc.. FSMD holds in its top three: Sandisk Corp., Ciena Corp. and Comfort Systems USA, Inc..

FFSMvsFSMDETF Comparison

Fidelity Fundamental Small-Mid Cap ETF

Fidelity Small-Mid Multifactor ETF

FFSM vs FSMD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FFSM and FSMD ETFs performed in 2026?

As of July 17, 2026, FFSM is up 19.73% year-to-date (YTD), while FSMD has returned 15.84%. 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 +$287M in flows, compared to +$284M for FSMD.

Which ETF is more volatile: FFSM or FSMD?

Over the past year, FFSM had a volatility of 18.56%, while FSMD experienced 15.4%.

Which ETF is bigger: FFSM or FSMD?

As of July 17, 2026, FFSM holds $1.44 B in assets under management (AUM), while FSMD manages $2.50 B.

What sectors do the FFSM and FSMD ETFs invest in?

FFSM leans toward sectors like Industrials, Finance and Technology. Meanwhile, FSMD focuses on Finance, Technology and Industrials.

What are the top holdings of the FFSM ETF and FSMD ETF?

FFSM top holdings include Sterling Infrastructure, Inc., Sanmina Corp. and Lumentum Holdings, Inc.. FSMD holds in its top three: Sandisk Corp., Ciena Corp. and Comfort Systems USA, Inc..

Which ETF is more diversified: FFSM or FSMD?

FFSM holds 730 securities with 24.64% of its assets in the top 15. FSMD has 590 securities and a top 15 weight of 12.3%.

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