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FNXvsFSMDETF Comparison
First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. FNX's top 3 sector exposures are Industrials, Financials and Consumer Discretionary. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. FNX is more expensive with a Total Expense Ratio (TER) of 0.62%, versus 0.15% for FSMD. FNX is up 1.08% year-to-date (YTD) with +$21M in YTD flows. FSMD performs worse with 0.37% YTD performance, and +$174M in YTD flows. Run a side-by-side ETF comparison of FNX 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.
FNX vs FSMD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNX FSMD | -5.79%-4.95% | -0.94%-1.31% | +1.08%+0.37% | +19.84%+16.42% | +51.83%+48.92% | +40.43%+43.58% |
| Flows | FNX FSMD | +$14M+$59M | +$21M+$219M | +$21M+$174M | -$107M+$1.02B | -$155M+$1.77B | -$11M+$1.82B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNX FSMD | +15.52%+14.06% | +21.60%+19.08% | +19.27%+16.91% | +20.85%+18.25% |
| Max drawdown | FNX FSMD | -7.62%-6.89% | -15.29%-13.29% | -25.04%-22.27% | -25.04%-22.27% |
| Max drawdown duration | FNX FSMD | 30d14d | 46d46d | 289d289d | 289d289d |
FNX | FSMD | |
Last sale 3/13/2026 at 3:47 PM | $127.25 | $44.31 |
| Previous close 03/12/2026 | $127.23 | $44.23 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FNX | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FNX | FSMD | |
|---|---|---|
| Last price | $127.25 | $44.31 |
| 1D performance | +0.01% | +0.18% |
| AuM | $1.20 B | $2.08 B |
| E/R | 0.62% | 0.15% |
FNX | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Fidelity |
| Benchmark | NASDAQ AlphaDEX Mid Cap Core Index | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 419 | 546 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | February 26, 2019 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FNX and FSMD ETFs performed in 2026?
As of March 12, 2026, FNX is up 1.08% year-to-date (YTD), while FSMD has returned 0.37%. That puts FNX better performer ahead so far this year.
Which ETF is attracting more investor money: FNX or FSMD?
Year-to-date, the FNX ETF saw +$21M in flows, compared to +$174M for FSMD.
Which ETF is more volatile: FNX or FSMD?
Over the past year, FNX had a volatility of 21.6%, while FSMD experienced 19.08%.
Which ETF is bigger: FNX or FSMD?
As of March 12, 2026, FNX holds $1.20 B in assets under management (AUM), while FSMD manages $2.08 B.
What sectors do the FNX and FSMD ETFs invest in?
FNX leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.
What are the top holdings of the FNX ETF and FSMD ETF?
FNX top holdings include BLOOM ENERGY CORP, AST SPACEMOBILE and TTM TECHNOLOGIES. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.
Which ETF is more diversified: FNX or FSMD?
FNX holds 448 securities with 6.69% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.
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