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FSMDvsESMLETF Comparison
Fidelity Small-Mid Multifactor ETF (FSMD) belongs to the US Multi-Factor segment. iShares ESG Aware MSCI USA Small-Cap ETF (ESML) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.17% for ESML. FSMD is up 0.37% year-to-date (YTD) with +$174M in YTD flows. ESML performs better with 1.74% YTD performance, and +$108M in YTD flows. Run a side-by-side ETF comparison of FSMD and ESML below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FSMD vs ESML performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSMD ESML | -4.95%-4.91% | -1.31%-0.15% | +0.37%+1.74% | +16.42%+22.74% | +48.92%+47.88% | +43.58%+24.30% |
| Flows | FSMD ESML | +$59M+$15M | +$219M+$120M | +$174M+$108M | +$1.02B+$77M | +$1.77B+$267M | +$1.82B+$1.18B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSMD ESML | +14.06%+16.37% | +19.08%+22.25% | +16.91%+19.77% | +18.25%+21.35% |
| Max drawdown | FSMD ESML | -6.89%-6.97% | -13.29%-16.43% | -22.27%-26.61% | -22.27%-28.52% |
| Max drawdown duration | FSMD ESML | 14d14d | 46d46d | 289d296d | 289d980d |
FSMD | ESML | |
Last sale 3/13/2026 at 1:30 PM | $44.23 | $46.65 |
| Previous close 03/12/2026 | $44.23 | $46.77 |
| 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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FSMD | ESML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FSMD | ESML | |
|---|---|---|
| Last price | $44.23 | $46.65 |
| 1D performance | +0.00% | -0.26% |
| AuM | $2.08 B | $2.19 B |
| E/R | 0.15% | 0.17% |
FSMD | ESML | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | iShares |
| Benchmark | Fidelity Small-Mid Multifactor Index | MSCI USA Small Cap Extended ESG Focus Index |
| N° of holdings | 546 | 814 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | April 10, 2018 |
| ESG | No | Yes |
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 FSMD and ESML ETFs performed in 2026?
As of March 12, 2026, FSMD is up 0.37% year-to-date (YTD), while ESML has returned 1.74%. That puts ESML better performer ahead so far this year.
Which ETF is attracting more investor money: FSMD or ESML?
Year-to-date, the FSMD ETF saw +$174M in flows, compared to +$108M for ESML.
Which ETF is more volatile: FSMD or ESML?
Over the past year, FSMD had a volatility of 19.08%, while ESML experienced 22.25%.
Which ETF is bigger: FSMD or ESML?
As of March 12, 2026, FSMD holds $2.08 B in assets under management (AUM), while ESML manages $2.19 B.
What sectors do the FSMD and ESML ETFs invest in?
FSMD leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, ESML focuses on Industrials, Financials and Information Technology.
What are the top holdings of the FSMD ETF and ESML ETF?
FSMD top holdings include GB00BRXH2664, CIENA and COMFORT SYSTEMS USA. ESML holds in its top three: US80004C2008, US86765Q1067 and US19247G1076.
Which ETF is more diversified: FSMD or ESML?
FSMD holds 584 securities with 7.83% of its assets in the top 15. ESML has 899 securities and a top 15 weight of 7.99%.
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