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FFSMvsSMMDETF 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

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

-0.62%

Full SMMD fund page

Fidelity Fundamental Small-Mid Cap ETF (FFSM) belongs to the Global Blended Cap segment. iShares Russell 2500 ETF (SMMD) is part of the US Multi-Factor segment. FFSM's top 3 sector exposures are Industrials, Finance and Technology. In contrast, SMMD's top sector exposures are Finance, Technology and Industrials. FFSM is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.23% for SMMD. FFSM is up 19.73% year-to-date (YTD) with +$287M in YTD flows. SMMD performs better with 20.06% YTD performance, and +$885M in YTD flows. Run a side-by-side ETF comparison of FFSM 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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FFSM vs SMMD 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 SMMD	-0.62%+1.01%	+4.18%+6.41%	+19.73%+20.06%	+32.36%+29.65%	+66.98%+57.49%	+74.82%+55.31%
Flows	FFSM SMMD	+$105M+$87M	+$156M+$458M	+$287M+$885M	+$449M+$1.47B	+$1.12B+$1.99B	+$1.13B+$2.48B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FFSM SMMD	+19.03%+17.64%	+18.56%+17.83%	+19.20%+19.37%	+20.62%+21.00%
Max drawdown	FFSM SMMD	-5.57%-4.22%	-10.43%-9.48%	-24.54%-25.55%	-26.71%-28.20%
Max drawdown duration	FFSM SMMD	35d16d	43d43d	283d283d	828d980d

Trading data

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	FFSM	SMMD
Last sale 7/17/2026 at 1:30 PM	$36.71	$89.66
Previous close 07/16/2026	$36.87	$90.16
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	SMMD
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	SMMD
Last price	$36.71	$89.66
1D performance	-0.43%	-0.55%
AuM	$1.44 B	$3.59 B
E/R	0.43%	0.23%

Characteristics

	FFSM	SMMD
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	Russell 2500 Index
N° of holdings	730	2376
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 4, 2021	July 6, 2017
ESG	No	No

More FFSM data on Trackinsight

More SMMD data on Trackinsight

Exposure

Countries

FFSM

USA

94.36%

Other

5.64%

SMMD

USA

95.26%

Other

4.74%

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%

SMMD

Finance

20.59%

Technology

19.97%

Industrials

17.71%

Healthcare

11.41%

Non-Energy Materi.

7.51%

Other

22.81%

Diversification

FFSM

Total weight of top 15 holdings out of 15

24.64%

SMMD

Total weight of top 15 holdings out of 15

11.7%

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%

SMMD

Sandisk Corp.

3.01%

Ciena Corp.

1.02%

Rocket Lab Corp.

0.87%

Comfort Systems USA, Inc.

0.79%

Coherent Corp.

0.78%

Bloom Energy Corp.

0.77%

Lumentum Holdings, Inc.

0.75%

Flex Ltd.

0.69%

Astera Labs, Inc.

0.55%

Credo Technology Group Holding Ltd.

0.47%

Jabil, Inc.

0.47%

EMCOR Group, Inc.

0.45%

Tapestry, Inc.

0.37%

Casey's General Stores, Inc.

0.35%

Revolution Medicines, Inc.

0.35%

Frequently asked questions about FFSM and SMMD

How have the FFSM and SMMD ETFs performed in 2026?

As of July 17, 2026, FFSM is up 19.73% year-to-date (YTD), while SMMD has returned 20.06%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: FFSM or SMMD?

Year-to-date, the FFSM ETF saw +$287M in flows, compared to +$885M for SMMD.

Which ETF is more volatile: FFSM or SMMD?

Over the past year, FFSM had a volatility of 18.56%, while SMMD experienced 17.83%.

Which ETF is bigger: FFSM or SMMD?

As of July 17, 2026, FFSM holds $1.44 B in assets under management (AUM), while SMMD manages $3.59 B.

What sectors do the FFSM and SMMD ETFs invest in?

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

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

FFSM top holdings include Sterling Infrastructure, Inc., Sanmina Corp. and Lumentum Holdings, Inc.. SMMD holds in its top three: Sandisk Corp., Ciena Corp. and Rocket Lab Corp..

FFSMvsSMMDETF Comparison

Fidelity Fundamental Small-Mid Cap ETF

iShares Russell 2500 ETF

FFSM vs SMMD 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 SMMD ETFs performed in 2026?

As of July 17, 2026, FFSM is up 19.73% year-to-date (YTD), while SMMD has returned 20.06%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: FFSM or SMMD?

Year-to-date, the FFSM ETF saw +$287M in flows, compared to +$885M for SMMD.

Which ETF is more volatile: FFSM or SMMD?

Over the past year, FFSM had a volatility of 18.56%, while SMMD experienced 17.83%.

Which ETF is bigger: FFSM or SMMD?

As of July 17, 2026, FFSM holds $1.44 B in assets under management (AUM), while SMMD manages $3.59 B.

What sectors do the FFSM and SMMD ETFs invest in?

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

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

FFSM top holdings include Sterling Infrastructure, Inc., Sanmina Corp. and Lumentum Holdings, Inc.. SMMD holds in its top three: Sandisk Corp., Ciena Corp. and Rocket Lab Corp..

Which ETF is more diversified: FFSM or SMMD?

FFSM holds 730 securities with 24.64% of its assets in the top 15. SMMD has 2392 securities and a top 15 weight of 11.7%.

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