FSGSvsSQLTETF Comparison
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First Trust SMID Growth Strength ETF (FSGS) and iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) belong to the same industry segment: US Multi-Factor. FSGS's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, SQLT's top sector exposures are Finance, Technology and Industrials. FSGS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.2% for SQLT. Run a side-by-side ETF comparison of FSGS and SQLT 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 SQLT 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 SQLT | -3.17%-5.05% | +5.29%-0.57% | +8.41%n/a | +5.15%n/a | +29.81%n/a | +27.60%n/a |
| Flows | FSGS SQLT | -- | +$2M- | +$2M- | +$107K- | -$3M- | +$11M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSGS SQLT | +13.49%+11.50% | +14.75%n/a | +18.71%n/a | +19.94%n/a |
| Max drawdown | FSGS SQLT | -4.62%-5.30% | -11.35%n/a | -23.71%n/a | -23.71%n/a |
| Max drawdown duration | FSGS SQLT | 32d30d | 160dn/a | 585dn/a | 585dn/a |
Trading data
FSGS | SQLT | |
Last sale 9/16/2026 at 1:30 PM | $32.55 | $28.03 |
| Previous close 09/15/2026 | $32.64 | $28.03 |
| 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 | SQLT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
FSGS | SQLT | |
|---|---|---|
| Last price | $32.55 | $28.03 |
| 1D performance | -0.29% | -0.01% |
| AuM | $31.33 M | $6.74 M |
| E/R | 0.6% | 0.2% |
Characteristics
FSGS | SQLT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | The SMID Growth Strength Index | MSCI USA Small Cap Sector Neutral Quality Index |
| N° of holdings | 99 | 491 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2017 | March 31, 2026 |
| ESG | No | No |
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Exposure
Countries
FSGS
USA
96.74%
Other
3.26%
SQLT
USA
97.81%
Other
2.19%
Sectors
FSGS
Finance
29.35%
Healthcare
19.13%
Technology
15.82%
Industrials
12.85%
Other
22.85%
SQLT
Finance
22.55%
Technology
17.63%
Industrials
14.21%
Healthcare
14.11%
Non-Energy Materi.
9.57%
Other
21.92%
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Diversification
FSGS
Total weight of top 15 holdings out of 15
18.21%
SQLT
Total weight of top 15 holdings out of 15
11.74%
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%
SQLT
National Fuel Gas Co.
1.17%
TD SYNNEX Corp.
0.86%
Carpenter Technology Corp.
0.82%
Manhattan Associates, Inc.
0.82%
East West Bancorp, Inc.
0.81%
Woodward, Inc.
0.81%
The New York Times Co.
0.78%
Medpace Holdings, Inc.
0.75%
Royal Gold, Inc.
0.73%
Tenet Healthcare Corp.
0.71%
Lattice Semiconductor Corp.
0.70%
Sterling Infrastructure, Inc.
0.70%
BJ's Wholesale Club Holdings, Inc.
0.69%
Exelixis, Inc.
0.69%
Akamai Technologies, Inc.
0.68%
Frequently asked questions about FSGS and SQLT
Which ETF is bigger: FSGS or SQLT?
As of September 14, 2026, FSGS holds $31.33 M in assets under management (AUM), while SQLT manages $6.74 M.
What sectors do the FSGS and SQLT ETFs invest in?
FSGS leans toward sectors like Finance, Healthcare and Technology. Meanwhile, SQLT focuses on Finance, Technology and Industrials.
What are the top holdings of the FSGS ETF and SQLT ETF?
FSGS top holdings include Elastic NV, Halozyme Therapeutics, Inc. and InterDigital, Inc.. SQLT holds in its top three: National Fuel Gas Co., TD SYNNEX Corp. and Carpenter Technology Corp..
Which ETF is more diversified: FSGS or SQLT?
FSGS holds 99 securities with 18.21% of its assets in the top 15. SQLT has 494 securities and a top 15 weight of 11.74%.
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