FSGSvsFSMDETF Comparison
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First Trust SMID Growth Strength ETF (FSGS) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. FSGS's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, FSMD's top sector exposures are Finance, Industrials and Technology. FSGS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.15% for FSMD. FSGS is up 8.41% year-to-date (YTD) with +$2M in YTD flows. FSMD performs better with 14.76% YTD performance, and +$316M in YTD flows. Run a side-by-side ETF comparison of FSGS 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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FSGS vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSGS FSMD | -3.17%-5.76% | +5.29%-2.84% | +8.41%+14.76% | +5.15%+15.56% | +29.81%+58.22% | +27.60%+58.33% |
| Flows | FSGS FSMD | -+$26M | +$2M+$68M | +$2M+$316M | +$107K+$510M | -$3M+$1.90B | +$11M+$1.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSGS FSMD | +13.49%+14.22% | +14.75%+15.30% | +18.71%+17.13% | +19.94%+18.28% |
| Max drawdown | FSGS FSMD | -4.62%-5.76% | -11.35%-8.28% | -23.71%-22.27% | -23.71%-22.27% |
| Max drawdown duration | FSGS FSMD | 32d29d | 160d43d | 585d289d | 585d289d |
Trading data
FSGS | FSMD | |
Last sale 9/15/2026 at 1:30 PM | $32.64 | $50.10 |
| Previous close 09/15/2026 | $32.99 | $50.20 |
| Consolidated volume 09/15/2026 | ||
| 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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FSGS | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
FSGS | FSMD | |
|---|---|---|
| Last price | $32.64 | $50.10 |
| 1D performance | -1.05% | -0.20% |
| AuM | $31.33 M | $2.51 B |
| E/R | 0.6% | 0.15% |
Characteristics
FSGS | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Fidelity |
| Benchmark | The SMID Growth Strength Index | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 99 | 586 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2017 | February 26, 2019 |
| ESG | No | No |
Exposure
Countries
FSGS
USA
96.74%
Other
3.26%
FSMD
USA
95.51%
Other
4.49%
Sectors
FSGS
Finance
29.35%
Healthcare
19.13%
Technology
15.82%
Industrials
12.85%
Other
22.85%
FSMD
Finance
23.71%
Industrials
16.08%
Technology
15.89%
Healthcare
12.78%
Non-Energy Materi.
7.81%
Other
23.74%
Diversification
FSGS
Total weight of top 15 holdings out of 15
18.21%
FSMD
Total weight of top 15 holdings out of 15
9.86%
Top 15 holdings
Data as of July 31, 2026
FSGS
Elastic NV
1.33%
Halozyme Therapeutics, Inc.
1.30%
InterDigital, Inc.
1.25%
UiPath, Inc.
1.25%
Manhattan Associates, Inc.
1.23%
Paymentus Holdings, Inc.
1.23%
Veeva Systems, Inc.
1.22%
Tidewater, Inc.
1.21%
Cactus, Inc.
1.20%
Heritage Insurance Holdings, Inc.
1.18%
Oceaneering International, Inc.
1.18%
PTC, Inc.
1.17%
AppFolio, Inc.
1.16%
Paylocity Holding Corp.
1.15%
Inspire Medical Systems, Inc.
1.15%
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 FSGS and FSMD
How have the FSGS and FSMD ETFs performed in 2026?
As of September 14, 2026, FSGS is up 8.41% year-to-date (YTD), while FSMD has returned 14.76%. That puts FSMD better performer ahead so far this year.
Which ETF is attracting more investor money: FSGS or FSMD?
Year-to-date, the FSGS ETF saw +$2M in flows, compared to +$316M for FSMD.
Which ETF is more volatile: FSGS or FSMD?
Over the past year, FSGS had a volatility of 14.75%, while FSMD experienced 15.3%.
Which ETF is bigger: FSGS or FSMD?
As of September 14, 2026, FSGS holds $31.33 M in assets under management (AUM), while FSMD manages $2.51 B.
What sectors do the FSGS and FSMD ETFs invest in?
FSGS leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSMD focuses on Finance, Industrials and Technology.
What are the top holdings of the FSGS ETF and FSMD ETF?
FSGS top holdings include Elastic NV, Halozyme Therapeutics, Inc. and InterDigital, Inc.. FSMD holds in its top three: Sandisk Corp., Comfort Systems USA, Inc. and Ciena Corp..
Which ETF is more diversified: FSGS or FSMD?
FSGS holds 99 securities with 18.21% of its assets in the top 15. FSMD has 586 securities and a top 15 weight of 9.86%.
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