FSMDvsJMEEETF Comparison
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Fidelity Small-Mid Multifactor ETF (FSMD) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE) belong to the same industry segment: US Multi-Factor. 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 0.35% for JMEE. FSMD is up 11.2% year-to-date (YTD) with +$233M in YTD flows. JMEE performs better with 12.65% YTD performance, and +$261M 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
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSMD JMEE | +11.37%+10.71% | +6.78%+6.53% | +11.20%+12.65% | +29.63%+35.17% | +61.21%+60.23% | +54.02%n/a |
| Flows | FSMD JMEE | +$37M+$96M | +$197M+$234M | +$233M+$261M | +$510M+$378M | +$1.83B+$1.21B | +$1.88B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSMD JMEE | +17.67%+17.80% | +15.01%+16.37% | +16.94%+18.36% | +18.30%n/a |
| Max drawdown | FSMD JMEE | -8.28%-8.30% | -8.28%-8.30% | -22.27%-25.42% | -22.27%n/a |
| Max drawdown duration | FSMD JMEE | 43d50d | 43d50d | 289d379d | 289dn/a |
Trading data
FSMD | JMEE | |
Last sale 4/27/2026 at 7:59 PM | $48.89 | $71.89 |
| Previous close 04/27/2026 | $48.73 | $72.49 |
| 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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JMEE
is actively managed and doesn’t replicate an indexFSMD | JMEE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 7:59 PM
Live
Closed
FSMD | JMEE | |
|---|---|---|
| Last price | $48.89 | $71.89 |
| 1D performance | +0.33% | -0.83% |
| AuM | $2.36 B | $2.66 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 | 560 | 619 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | May 6, 2022 |
| ESG | No | No |
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Exposure
Countries
FSMD
USA
92.6%
Other
7.4%
JMEE
USA
94.73%
Other
5.27%
Sectors
FSMD
Industrials
19.48%
Financials
14.58%
Information Techn.
13.34%
Health Care
11.29%
Consumer Discreti.
10.19%
Other
31.12%
JMEE
Industrials
20.09%
Financials
14.18%
Information Techn.
13.17%
Consumer Discreti.
11.85%
Health Care
8.96%
Real Estate
7.03%
Other
24.71%
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Diversification
FSMD
Total weight of top 15 holdings out of 15
9.31%
JMEE
Total weight of top 15 holdings out of 15
9.11%
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%
JMEE
TECHNIPFMC PLC
0.81%
UTD THERAPEUT
0.78%
CURTISS WRIGHT
0.76%
WOODWARD
0.71%
NVENT ELECTRIC PLC
0.67%
MICHAEL STORES
0.67%
CASEYS GENERAL STORES
0.66%
FABRINET
0.61%
RBC BEARINGS
0.52%
US FOODS HOLDING CORP
0.52%
TWILIO
0.50%
FLEX LTD
0.49%
CHORD ENERGY CORPORATION
0.49%
MKS INSTRUMENTS
0.46%
CLEAN HARBORS
0.46%
Frequently asked questions about FSMD and JMEE
How have the FSMD and JMEE ETFs performed in 2026?
As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while JMEE has returned 12.65%. 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 +$233M in flows, compared to +$261M for JMEE.
Which ETF is more volatile: FSMD or JMEE?
Over the past year, FSMD had a volatility of 15.01%, while JMEE experienced 16.37%.
Which ETF is bigger: FSMD or JMEE?
As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while JMEE manages $2.66 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, Financials and Information Technology.
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 595 securities with 9.31% of its assets in the top 15. JMEE has 653 securities and a top 15 weight of 9.11%.
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