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FSMDvsNUSCETF Comparison

ETF 1
FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of
US Multi-Factor
-0.18%
Full FSMD fund page
VS
ETF 2
NUSC

NuShares ESG Small-Cap ETF

This fund is part of
US Small Cap
-0.4%
Full NUSC fund page

Fidelity Small-Mid Multifactor ETF (FSMD) belongs to the US Multi-Factor segment. NuShares ESG Small-Cap ETF (NUSC) is part of the US Small Cap segment. FSMD's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, NUSC's top sector exposures are Financials, Information Technology and Industrials. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.31% for NUSC. FSMD is up 2.49% year-to-date (YTD) with +$166M in YTD flows. NUSC performs better with 2.78% YTD performance, and -$120M in YTD flows. Run a side-by-side ETF comparison of FSMD and NUSC 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 NUSC performance and flow charts

Performance

-5.0-4.0-3.0-2.0-1.00.01.0%Feb 10Feb 18Feb 25Mar 4

Cumulative Flows

0 M100 M200 M300 M400 MFeb 10Feb 18Feb 25Mar 4

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/10/2026
1M3MYTD1Y3Y5Y
Perf.
FSMD
NUSC
-4.42%-5.22%
+1.04%+0.77%
+2.49%+2.78%
+18.23%+20.06%
+49.31%+35.62%
+49.54%+17.78%
Flows
FSMD
NUSC
+$55M+$5M
+$210M-$116M
+$166M-$120M
+$1.02B-$165M
+$1.76B-$63M
+$1.81B+$359M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FSMD
NUSC
+13.85%+16.22%
+18.99%+22.08%
+16.92%+19.79%
+18.24%+21.31%
Max drawdown
FSMD
NUSC
-5.58%-5.61%
-13.29%-16.49%
-22.27%-26.88%
-22.27%-28.74%
Max drawdown duration
FSMD
NUSC
12d16d
46d46d
289d379d
289d1073d
Trading data

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FSMD
NUSC
Last sale
3/11/2026 at 1:30 PM
$45.13
$45.71
Previous close
03/10/2026
$45.15
$45.86
Consolidated volume
03/10/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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FSMD
NUSC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
FSMD
NUSC
Last price
$45.13
$45.71
1D performance
-0.04%
-0.33%
AuM$2.12 B$1.18 B
E/R0.15%0.31%
Characteristics
FSMD
NUSC
Management strategyPassivePassive
ProviderFidelityNuveen
BenchmarkFidelity Small-Mid Multifactor IndexMSCI TIAA ESG USA Small-Cap Index
N° of holdings546405
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateFebruary 26, 2019December 13, 2016
ESGNoYes
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Exposure

Countries

FSMD
USA
92.39%
Other
7.61%
NUSC
USA
86.19%
Other
13.81%

Sectors

FSMD
Industrials
20.07%
Financials
15.72%
Information Techn.
13.59%
Consumer Discreti.
11.33%
Health Care
10.81%
Other
28.48%
NUSC
Financials
15.37%
Information Techn.
13.97%
Industrials
13.74%
Health Care
12.54%
Consumer Discreti.
11.91%
Materials
7.69%
Other
24.78%

Diversification

FSMD

Total weight of top 15 holdings out of 15

7.83%
NUSC

Total weight of top 15 holdings out of 15

14.04%

Top 15 holdings

Data as of January 31, 2026
FSMD
GB00BRXH2664
0.92%
CIENA
0.75%
COMFORT SYSTEMS USA
0.72%
EMCOR GROUP
0.56%
TAPESTRY INC
0.48%
FLEX LTD
0.48%
TECHNIPFMC PLC
0.47%
UTD THERAPEUT
0.46%
CURTISS WRIGHT
0.45%
PURE STORAGE
0.44%
ROYAL GOLD
0.44%
CASEYS GENERAL STORES
0.43%
CH ROBINSON WW
0.42%
US75734B1008
0.41%
KRATOS DEFENSE AND SECURITY SOLS
0.39%
NUSC
TECHNIPFMC PLC
1.31%
MODERNA INC
1.15%
EXACT SCIENCES
1.06%
IONIS PHARMACEUTICALS INC
1.02%
AGNC INVESTMENT CORP
0.99%
EAST WEST BANCORP
0.99%
HOST HOTELS & RESORTS REIT
0.95%
CARPENTER TECHNOLOGY
0.90%
SERVICE
0.87%
ATI INC
0.84%
HECLA MINING
0.82%
NVENT ELECTRIC PLC
0.82%
MEDPACE HOLDINGS INC
0.79%
CASEYS GENERAL STORES
0.78%
WESTERN ALLIANCE
0.77%
Frequently asked questions about FSMD and NUSC

How have the FSMD and NUSC ETFs performed in 2026?

As of March 10, 2026, FSMD is up 2.49% year-to-date (YTD), while NUSC has returned 2.78%. That puts NUSC better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$166M in flows, compared to -$120M for NUSC.

Which ETF is more volatile: FSMD or NUSC?

Over the past year, FSMD had a volatility of 18.99%, while NUSC experienced 22.08%.

Which ETF is bigger: FSMD or NUSC?

As of March 10, 2026, FSMD holds $2.12 B in assets under management (AUM), while NUSC manages $1.18 B.

What sectors do the FSMD and NUSC ETFs invest in?

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

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

FSMD top holdings include GB00BRXH2664, CIENA and COMFORT SYSTEMS USA. NUSC holds in its top three: TECHNIPFMC PLC, MODERNA INC and EXACT SCIENCES.

Which ETF is more diversified: FSMD or NUSC?

FSMD holds 584 securities with 7.83% of its assets in the top 15. NUSC has 412 securities and a top 15 weight of 14.04%.

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