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FSMDvsAFMCETF Comparison

ETF 1

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+0%

Full FSMD fund page

VS

ETF 2

AFMC

First Trust Active Factor Mid Cap ETF

This fund is part of

US Multi-Factor

+0%

Full AFMC fund page

Fidelity Small-Mid Multifactor ETF (FSMD) and First Trust Active Factor Mid Cap ETF (AFMC) belong to the same industry segment: US Multi-Factor. FSMD's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, AFMC's top sector exposures are Industrials, Information Technology and Financials. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.65% for AFMC. FSMD is up 11.2% year-to-date (YTD) with +$233M in YTD flows. AFMC performs better with 12.25% YTD performance, and +$40M in YTD flows. Run a side-by-side ETF comparison of FSMD and AFMC 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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FSMD vs AFMC 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSMD AFMC	+11.37%+8.15%	+6.78%+6.70%	+11.20%+12.25%	+29.63%+30.95%	+61.21%+71.55%	+54.02%+58.69%
Flows	FSMD AFMC	+$37M+$4M	+$197M+$33M	+$233M+$40M	+$510M+$71M	+$1.83B+$122M	+$1.88B+$124M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSMD AFMC	+17.67%+17.15%	+15.01%+15.10%	+16.94%+17.73%	+18.30%+19.46%
Max drawdown	FSMD AFMC	-8.28%-8.15%	-8.28%-8.15%	-22.27%-21.83%	-22.27%-25.69%
Max drawdown duration	FSMD AFMC	43d47d	43d47d	289d289d	289d752d

Trading data

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	FSMD	AFMC
Last sale 4/28/2026 at 3:35 PM	$48.16	$38.64
Previous close 04/27/2026	$48.89	$38.56
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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AFMC

is actively managed and doesn’t replicate an index

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	FSMD	AFMC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 3:35 PM

Live

Closed

	FSMD	AFMC
Last price	$48.16	$38.64
1D performance	-1.49%	+0.22%
AuM	$2.36 B	$150.44 M
E/R	0.15%	0.65%

Characteristics

	FSMD	AFMC
Management strategy	Passive	Active
Provider	Fidelity	First Trust
Benchmark	Fidelity Small-Mid Multifactor Index	-
N° of holdings	560	262
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2019	December 3, 2019
ESG	No	No

More FSMD data on Trackinsight

More AFMC data on Trackinsight

Exposure

Countries

FSMD

USA

92.6%

Other

7.4%

AFMC

USA

92.93%

Other

7.07%

Sectors

FSMD

Industrials

19.48%

Financials

14.58%

Information Techn.

13.34%

Health Care

11.29%

Consumer Discreti.

10.19%

Other

31.12%

AFMC

Industrials

21.47%

Information Techn.

16.45%

Financials

14.01%

Consumer Discreti.

11.91%

Health Care

9.39%

Other

26.77%

Diversification

FSMD

Total weight of top 15 holdings out of 15

9.31%

AFMC

Total weight of top 15 holdings out of 15

16.96%

Top 15 holdings

Data as of March 31, 2026

FSMD

US80004C2008

1.35%

CIENA

0.95%

LUMENTUM HOLDINGS

0.83%

COMFORT SYSTEMS USA

0.78%

US19247G1076

0.65%

GB00BRXH2664

0.62%

TECHNIPFMC PLC

0.54%

EMCOR GROUP

0.54%

TAPESTRY INC

0.51%

CASEYS GENERAL STORES

0.51%

UTD THERAPEUT

0.43%

FLEX LTD

0.43%

CURTISS WRIGHT

0.42%

APA CORPORATION

0.38%

WOODWARD

0.37%

AFMC

TECHNIPFMC PLC

1.51%

CASEYS GENERAL STORES

1.41%

MUELLER INDUSTRIES

1.29%

BORGWARNER

1.24%

FEDERATED HERMES

1.22%

EXELIXIS

1.13%

RENAISSANCERE

1.10%

ALCOA CORP

1.10%

CURTISS WRIGHT

1.08%

NFG

1.07%

WOODWARD

1.04%

FLEX LTD

1.01%

AFFILIATED MANAGERS GROUP

0.94%

UTD THERAPEUT

0.93%

KENNAMETAL

0.89%

Frequently asked questions about FSMD and AFMC

How have the FSMD and AFMC ETFs performed in 2026?

As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while AFMC has returned 12.25%. That puts AFMC better performer ahead so far this year.

Which ETF is attracting more investor money: FSMD or AFMC?

Year-to-date, the FSMD ETF saw +$233M in flows, compared to +$40M for AFMC.

Which ETF is more volatile: FSMD or AFMC?

Over the past year, FSMD had a volatility of 15.01%, while AFMC experienced 15.1%.

Which ETF is bigger: FSMD or AFMC?

As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while AFMC manages $150.44 M.

What sectors do the FSMD and AFMC ETFs invest in?

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

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. AFMC holds in its top three: TECHNIPFMC PLC, CASEYS GENERAL STORES and MUELLER INDUSTRIES.

FSMDvsAFMCETF Comparison

Fidelity Small-Mid Multifactor ETF

First Trust Active Factor Mid Cap ETF

FSMD vs AFMC 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 FSMD and AFMC ETFs performed in 2026?

As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while AFMC has returned 12.25%. That puts AFMC better performer ahead so far this year.

Which ETF is attracting more investor money: FSMD or AFMC?

Year-to-date, the FSMD ETF saw +$233M in flows, compared to +$40M for AFMC.

Which ETF is more volatile: FSMD or AFMC?

Over the past year, FSMD had a volatility of 15.01%, while AFMC experienced 15.1%.

Which ETF is bigger: FSMD or AFMC?

As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while AFMC manages $150.44 M.

What sectors do the FSMD and AFMC ETFs invest in?

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

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. AFMC holds in its top three: TECHNIPFMC PLC, CASEYS GENERAL STORES and MUELLER INDUSTRIES.

Which ETF is more diversified: FSMD or AFMC?

FSMD holds 595 securities with 9.31% of its assets in the top 15. AFMC has 268 securities and a top 15 weight of 16.96%.

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