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FSMDvsJMEEETF Comparison

ETF 1

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+0.16%

Full FSMD fund page

VS

ETF 2

JMEE

JPMorgan Market Expansion Enhanced Equity ETF

This fund is part of

US Multi-Factor

+0.16%

Full JMEE fund page

Fidelity Small-Mid Multifactor ETF (FSMD) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE) belong to the same industry segment: US Multi-Factor. FSMD's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, JMEE's top sector exposures are Industrials, Information Technology and Financials. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.35% for JMEE. FSMD is up 18.77% year-to-date (YTD) with +$258M in YTD flows. JMEE performs better with 19.15% YTD performance, and +$302M in YTD flows. Run a side-by-side ETF comparison of FSMD and JMEE 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 JMEE 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 06/22/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSMD JMEE	+5.08%+4.41%	+17.55%+15.53%	+18.77%+19.15%	+28.89%+33.23%	+65.87%+62.69%	+66.81%n/a
Flows	FSMD JMEE	+$25M+$50M	+$75M+$167M	+$258M+$302M	+$521M+$395M	+$1.85B+$1.25B	+$1.90B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSMD JMEE	+17.47%+16.78%	+15.29%+16.30%	+16.99%+18.28%	+18.30%n/a
Max drawdown	FSMD JMEE	-4.02%-4.25%	-8.28%-8.30%	-22.27%-25.42%	-22.27%n/a
Max drawdown duration	FSMD JMEE	16d16d	43d50d	289d379d	289dn/a

Trading data

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	FSMD	JMEE
Last sale 6/23/2026 at 1:51 PM	$51.35	$76.67
Previous close 06/22/2026	$52.04	$76.38
Consolidated volume 06/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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JMEE

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 6/23/2026 at 1:51 PM

Live

Closed

	FSMD	JMEE
Last price	$51.35	$76.67
1D performance	-1.33%	+0.38%
AuM	$2.54 B	$2.85 B
E/R	0.15%	0.35%

Characteristics

	FSMD	JMEE
Management strategy	Passive	Active
Provider	Fidelity	J.P. Morgan Asset Management
Benchmark	Fidelity Small-Mid Multifactor Index	-
N° of holdings	556	626
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2019	May 6, 2022
ESG	No	No

More FSMD data on Trackinsight

More JMEE data on Trackinsight

Exposure

Countries

FSMD

USA

92.51%

Other

7.49%

JMEE

USA

93.95%

Other

6.05%

Sectors

FSMD

Industrials

19.56%

Financials

14.7%

Information Techn.

14.6%

Health Care

10.83%

Consumer Discreti.

9.9%

Other

30.4%

JMEE

Industrials

20.02%

Information Techn.

15.72%

Financials

14.26%

Consumer Discreti.

11.7%

Health Care

8.54%

Other

29.76%

Diversification

FSMD

Total weight of top 15 holdings out of 15

10.75%

JMEE

Total weight of top 15 holdings out of 15

9.15%

Top 15 holdings

Data as of April 30, 2026

FSMD

US80004C2008

2.11%

CIENA

1.07%

LUMENTUM HOLDINGS

0.94%

COMFORT SYSTEMS USA

0.92%

US19247G1076

0.77%

GB00BRXH2664

0.62%

EMCOR GROUP

0.58%

FLEX LTD

0.53%

TECHNIPFMC PLC

0.52%

CASEYS GENERAL STORES

0.51%

TAPESTRY INC

0.49%

FABRINET

0.44%

REVOLUTION MEDICINES INC

0.42%

UTD THERAPEUT

0.42%

CURTISS WRIGHT

0.41%

JMEE

TECHNIPFMC PLC

0.76%

UTD THERAPEUT

0.76%

CURTISS WRIGHT

0.73%

NVENT ELECTRIC PLC

0.73%

FABRINET

0.71%

MICHAEL STORES

0.71%

WOODWARD

0.66%

FLEX LTD

0.62%

TWILIO

0.54%

MKS INSTRUMENTS

0.52%

RBC BEARINGS

0.51%

EAST WEST BANCORP

0.48%

US FOODS HOLDING CORP

0.47%

TTM TECHNOLOGIES

0.47%

RELIANCE STEEL

0.46%

Frequently asked questions about FSMD and JMEE

How have the FSMD and JMEE ETFs performed in 2026?

As of June 22, 2026, FSMD is up 18.77% year-to-date (YTD), while JMEE has returned 19.15%. That puts JMEE better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$258M in flows, compared to +$302M for JMEE.

Which ETF is more volatile: FSMD or JMEE?

Over the past year, FSMD had a volatility of 15.29%, while JMEE experienced 16.3%.

Which ETF is bigger: FSMD or JMEE?

As of June 22, 2026, FSMD holds $2.54 B in assets under management (AUM), while JMEE manages $2.85 B.

What sectors do the FSMD and JMEE ETFs invest in?

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

FSMDvsJMEEETF Comparison

Fidelity Small-Mid Multifactor ETF

JPMorgan Market Expansion Enhanced Equity ETF

FSMD vs JMEE 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 JMEE ETFs performed in 2026?

As of June 22, 2026, FSMD is up 18.77% year-to-date (YTD), while JMEE has returned 19.15%. That puts JMEE better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$258M in flows, compared to +$302M for JMEE.

Which ETF is more volatile: FSMD or JMEE?

Over the past year, FSMD had a volatility of 15.29%, while JMEE experienced 16.3%.

Which ETF is bigger: FSMD or JMEE?

As of June 22, 2026, FSMD holds $2.54 B in assets under management (AUM), while JMEE manages $2.85 B.

What sectors do the FSMD and JMEE ETFs invest in?

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

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. JMEE holds in its top three: TECHNIPFMC PLC, UTD THERAPEUT and CURTISS WRIGHT.

Which ETF is more diversified: FSMD or JMEE?

FSMD holds 592 securities with 10.75% of its assets in the top 15. JMEE has 660 securities and a top 15 weight of 9.15%.

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