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FSMDvsBRSMETF Comparison

ETF 1

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+0.56%

Full FSMD fund page

VS

ETF 2

BRSM

MFS Blended Research Small-Mid Cap ETF

This fund is part of

US Multi-Factor

+0.56%

Full BRSM fund page

Fidelity Small-Mid Multifactor ETF (FSMD) and MFS Blended Research Small-Mid Cap ETF (BRSM) belong to the same industry segment: US Multi-Factor. FSMD's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, BRSM's top sector exposures are Finance, Technology and Healthcare. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.38% for BRSM. Run a side-by-side ETF comparison of FSMD and BRSM 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 BRSM 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 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSMD BRSM	+1.21%+0.77%	-1.16%-0.50%	+14.95%n/a	+15.31%n/a	+70.45%n/a	+53.39%n/a
Flows	FSMD BRSM	-$10M-	+$46M+$1M	+$331M-	+$423M-	+$1.91B-	+$1.98B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSMD BRSM	+12.17%+12.41%	+14.93%n/a	+16.96%n/a	+18.21%n/a
Max drawdown	FSMD BRSM	-7.33%-7.38%	-8.28%n/a	-22.27%n/a	-22.27%n/a
Max drawdown duration	FSMD BRSM	70d68d	43dn/a	289dn/a	289dn/a

Trading data

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	FSMD	BRSM
Last sale 10/27/2026 at 1:30 PM	$50.30	$25.39
Previous close 10/26/2026	$50.17	$25.28
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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BRSM

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	FSMD	BRSM
Last price	$50.30	$25.39
1D performance	+0.25%	+0.44%
AuM	$2.52 B	$26.75 M
E/R	0.15%	0.38%

Characteristics

	FSMD	BRSM
Management strategy	Passive	Active
Provider	Fidelity	MFS
Benchmark	Fidelity Small-Mid Multifactor Index	-
N° of holdings	599	311
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2019	June 3, 2026
ESG	No	No

More FSMD data on Trackinsight

More BRSM data on Trackinsight

Exposure

Countries

FSMD

USA

95.78%

Other

4.22%

BRSM

USA

92.06%

Other

7.94%

Sectors

FSMD

Finance

24.45%

Healthcare

15.28%

Technology

15.22%

Industrials

13.1%

Other

31.94%

BRSM

Finance

24.53%

Technology

15.77%

Healthcare

14.22%

Industrials

11.6%

Non-Energy Materi.

8.73%

Other

25.15%

Diversification

FSMD

Total weight of top 15 holdings out of 15

5.35%

BRSM

Total weight of top 15 holdings out of 15

14.29%

Top 15 holdings

Data as of August 31, 2026

FSMD

Everpure, Inc.

0.50%

Tenet Healthcare Corp.

0.40%

nVent Electric Plc

0.39%

Guardant Health, Inc.

0.38%

Incyte Corp.

0.37%

Nutanix, Inc.

0.35%

Permian Resources Corp.

0.35%

Loews Corp.

0.34%

East West Bancorp, Inc.

0.34%

TD SYNNEX Corp.

0.34%

Gen Digital, Inc.

0.33%

Reinsurance Group of America, Inc.

0.32%

HF Sinclair Corp.

0.32%

MKS, Inc.

0.31%

Zebra Technologies Corp.

0.31%

BRSM

TechnipFMC plc

1.14%

Roku, Inc.

1.09%

Box, Inc.

1.06%

Aramark

1.04%

Universal Health Services, Inc.

0.98%

Everest Group Ltd.

0.98%

Bill Holdings, Inc.

0.97%

Popular, Inc.

0.97%

Lincoln National Corp.

0.95%

UGI Corp.

0.88%

UMB Financial Corp.

0.87%

Cathay General Bancorp

0.87%

Okta, Inc.

0.83%

Gap, Inc.

0.83%

AGCO Corp.

0.82%

Frequently asked questions about FSMD and BRSM

Which ETF is bigger: FSMD or BRSM?

As of October 26, 2026, FSMD holds $2.52 B in assets under management (AUM), while BRSM manages $26.75 M.

What sectors do the FSMD and BRSM ETFs invest in?

FSMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, BRSM focuses on Finance, Technology and Healthcare.

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

FSMD top holdings include Everpure, Inc., Tenet Healthcare Corp. and nVent Electric Plc. BRSM holds in its top three: TechnipFMC plc, Roku, Inc. and Box, Inc..

FSMDvsBRSMETF Comparison

Fidelity Small-Mid Multifactor ETF

MFS Blended Research Small-Mid Cap ETF

FSMD vs BRSM 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

Which ETF is bigger: FSMD or BRSM?

As of October 26, 2026, FSMD holds $2.52 B in assets under management (AUM), while BRSM manages $26.75 M.

What sectors do the FSMD and BRSM ETFs invest in?

FSMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, BRSM focuses on Finance, Technology and Healthcare.

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

FSMD top holdings include Everpure, Inc., Tenet Healthcare Corp. and nVent Electric Plc. BRSM holds in its top three: TechnipFMC plc, Roku, Inc. and Box, Inc..

Which ETF is more diversified: FSMD or BRSM?

FSMD holds 599 securities with 5.35% of its assets in the top 15. BRSM has 311 securities and a top 15 weight of 14.29%.

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