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FFSMvsFSMDETF Comparison

ETF 1
FFSM

Fidelity Fundamental Small-Mid Cap ETF

This fund is part of
Global Blended Cap
-0.87%
Full FFSM fund page
VS
ETF 2
FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of
US Multi-Factor
-0.25%
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, Information Technology and Financials. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. FFSM is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.15% for FSMD. FFSM is up 3.07% year-to-date (YTD) with +$97M in YTD flows. FSMD performs worse with 0.19% YTD performance, and +$174M 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

-6.0-4.0-2.00.02.0%Feb 13Feb 23Mar 2Mar 9

Cumulative Flows

0 M100 M200 M300 M400 MFeb 13Feb 23Mar 2Mar 9

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

Historic performance and flows
Data as of 03/13/2026
1M3MYTD1Y3Y5Y
Perf.
FFSM
FSMD
-6.44%-6.16%
+1.30%-1.36%
+3.07%+0.19%
+29.19%+18.04%
+59.84%+48.65%
+44.51%+42.12%
Flows
FFSM
FSMD
+$25M+$59M
+$126M+$215M
+$97M+$174M
+$112M+$958M
+$927M+$1.77B
+$946M+$1.82B
Volatility and drawdown
3M1Y3Y5Y
Volatility
FFSM
FSMD
+18.04%+14.06%
+21.92%+19.01%
+18.82%+16.90%
+20.39%+18.25%
Max drawdown
FFSM
FSMD
-8.20%-7.06%
-14.98%-13.29%
-24.54%-22.27%
-26.71%-22.27%
Max drawdown duration
FFSM
FSMD
15d15d
46d46d
283d289d
828d289d
Trading data

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FFSM
FSMD
Last sale
3/13/2026 at 1:30 PM
$31.54
$44.23
Previous close
03/12/2026
$31.70
$44.23
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
FFSM
FSMD
Last price
$31.54
$44.23
1D performance
-0.50%
+0.00%
AuM$1.07 B$2.08 B
E/R0.43%0.15%
Characteristics
FFSM
FSMD
Management strategyActivePassive
ProviderFidelityFidelity
Benchmark-Fidelity Small-Mid Multifactor Index
N° of holdings739546
Asset class-Equities
Trailing 12m distribution yield
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Inception dateFebruary 4, 2021February 26, 2019
ESGNoNo
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Exposure

Countries

FFSM
USA
89.48%
Other
10.52%
FSMD
USA
92.39%
Other
7.61%

Sectors

FFSM
Industrials
17.4%
Information Techn.
16.29%
Financials
15.91%
Consumer Discreti.
10.82%
Health Care
7.24%
Other
32.34%
FSMD
Industrials
20.07%
Financials
15.72%
Information Techn.
13.59%
Consumer Discreti.
11.33%
Health Care
10.81%
Other
28.48%
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Diversification

FFSM

Total weight of top 15 holdings out of 15

24.54%
FSMD

Total weight of top 15 holdings out of 15

7.83%

Top 15 holdings

Data as of January 31, 2026
FFSM
FABRINET
2.39%
TEMPUR PEDIC INTERNATIONAL
2.20%
LUMENTUM HOLDINGS
1.93%
US FOODS HOLDING CORP
1.82%
ITT
1.71%
ADVANCED ENERGY INDUSTRIES
1.68%
COMFORT SYSTEMS USA
1.61%
JONES LANG LASALLE
1.61%
US78473E1038
1.52%
PERFORMANCE FOOD GROUP
1.50%
EAST WEST BANCORP
1.38%
GENPACT
1.31%
STERLING INFRASTRUCTURE INC
1.31%
EAGLE MATERIALS
1.31%
TECHNIPFMC PLC
1.28%
FSMD
GB00BRXH2664
0.92%
CIENA
0.75%
COMFORT SYSTEMS USA
0.72%
EMCOR GROUP
0.56%
TAPESTRY INC
0.48%
FLEX LTD
0.48%
TECHNIPFMC PLC
0.47%
UTD THERAPEUT
0.46%
CURTISS WRIGHT
0.45%
PURE STORAGE
0.44%
ROYAL GOLD
0.44%
CASEYS GENERAL STORES
0.43%
CH ROBINSON WW
0.42%
US75734B1008
0.41%
KRATOS DEFENSE AND SECURITY SOLS
0.39%
Frequently asked questions about FFSM and FSMD

How have the FFSM and FSMD ETFs performed in 2026?

As of March 13, 2026, FFSM is up 3.07% year-to-date (YTD), while FSMD has returned 0.19%. 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 +$97M in flows, compared to +$174M for FSMD.

Which ETF is more volatile: FFSM or FSMD?

Over the past year, FFSM had a volatility of 21.92%, while FSMD experienced 19.01%.

Which ETF is bigger: FFSM or FSMD?

As of March 13, 2026, FFSM holds $1.07 B in assets under management (AUM), while FSMD manages $2.08 B.

What sectors do the FFSM and FSMD ETFs invest in?

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

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

FFSM top holdings include FABRINET, TEMPUR PEDIC INTERNATIONAL and LUMENTUM HOLDINGS. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.

Which ETF is more diversified: FFSM or FSMD?

FFSM holds 800 securities with 24.54% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.

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