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FSMDvsSMDXETF Comparison

ETF 1

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+0%

Full FSMD fund page

VS

ETF 2

SMDX

Intech S&P Small-Mid Cap Diversified Alpha ETF

This fund is part of

US Multi-Factor

+0%

Full SMDX fund page

Fidelity Small-Mid Multifactor ETF (FSMD) and Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) belong to the same industry segment: US Multi-Factor. FSMD's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, SMDX's top sector exposures are Industrials, Financials and Consumer Discretionary. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.35% for SMDX. FSMD is up 11.2% year-to-date (YTD) with +$233M in YTD flows. SMDX performs better with 12.21% YTD performance, and +$40K in YTD flows. Run a side-by-side ETF comparison of FSMD and SMDX 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 SMDX 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSMD SMDX	+11.37%+11.07%	+6.78%+7.04%	+11.20%+12.21%	+29.63%+37.57%	+61.21%n/a	+54.02%n/a
Flows	FSMD SMDX	+$37M-$205K	+$197M-$223K	+$233M+$40K	+$510M+$41M	+$1.83B-	+$1.88B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSMD SMDX	+17.67%+18.44%	+15.01%+16.46%	+16.94%n/a	+18.30%n/a
Max drawdown	FSMD SMDX	-8.28%-8.63%	-8.28%-8.63%	-22.27%n/a	-22.27%n/a
Max drawdown duration	FSMD SMDX	43d60d	43d60d	289dn/a	289dn/a

Trading data

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	FSMD	SMDX
Last sale 4/27/2026 at 7:59 PM	$48.89	$25.63
Previous close 04/27/2026	$48.73	$25.60
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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SMDX

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 4/27/2026 at 7:59 PM

Live

Closed

	FSMD	SMDX
Last price	$48.89	$25.63
1D performance	+0.33%	+0.09%
AuM	$2.36 B	$125.46 M
E/R	0.15%	0.35%

Characteristics

	FSMD	SMDX
Management strategy	Passive	Active
Provider	Fidelity	Intech Investment Management
Benchmark	Fidelity Small-Mid Multifactor Index	-
N° of holdings	560	504
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2019	February 27, 2025
ESG	No	No

More FSMD data on Trackinsight

More SMDX data on Trackinsight

Exposure

Countries

FSMD

USA

92.6%

Other

7.4%

SMDX

USA

94.65%

Other

5.35%

Sectors

FSMD

Industrials

19.48%

Financials

14.58%

Information Techn.

13.34%

Health Care

11.29%

Consumer Discreti.

10.19%

Other

31.12%

SMDX

Industrials

21.51%

Financials

14.95%

Consumer Discreti.

13.69%

Information Techn.

12.33%

Health Care

10.48%

Other

27.04%

Diversification

FSMD

Total weight of top 15 holdings out of 15

9.31%

SMDX

Total weight of top 15 holdings out of 15

13.79%

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%

SMDX

JONES LANG LASALLE

1.42%

EAST WEST BANCORP

1.15%

UTD THERAPEUT

1.07%

US FOODS HOLDING CORP

1.00%

LAMAR ADVERTISING

0.95%

ORMAT TECHNOLOGIES

0.92%

NVENT ELECTRIC PLC

0.84%

TENET HEALTHCARE

0.84%

UNIVERSAL DISPLAY

0.83%

ANTERO MIDSTREAM CORPORATION

0.83%

GRANITE CONSTRUCTION

0.82%

AECOM

0.81%

UGI

0.77%

ACUITY BRANDS

0.77%

XPO LOGISTICS

0.77%

Frequently asked questions about FSMD and SMDX

How have the FSMD and SMDX ETFs performed in 2026?

As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while SMDX has returned 12.21%. That puts SMDX better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$233M in flows, compared to +$40K for SMDX.

Which ETF is more volatile: FSMD or SMDX?

Over the past year, FSMD had a volatility of 15.01%, while SMDX experienced 16.46%.

Which ETF is bigger: FSMD or SMDX?

As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while SMDX manages $125.46 M.

What sectors do the FSMD and SMDX ETFs invest in?

FSMD leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, SMDX focuses on Industrials, Financials and Consumer Discretionary.

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. SMDX holds in its top three: JONES LANG LASALLE, EAST WEST BANCORP and UTD THERAPEUT.

FSMDvsSMDXETF Comparison

Fidelity Small-Mid Multifactor ETF

Intech S&P Small-Mid Cap Diversified Alpha ETF

FSMD vs SMDX 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 SMDX ETFs performed in 2026?

As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while SMDX has returned 12.21%. That puts SMDX better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$233M in flows, compared to +$40K for SMDX.

Which ETF is more volatile: FSMD or SMDX?

Over the past year, FSMD had a volatility of 15.01%, while SMDX experienced 16.46%.

Which ETF is bigger: FSMD or SMDX?

As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while SMDX manages $125.46 M.

What sectors do the FSMD and SMDX ETFs invest in?

FSMD leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, SMDX focuses on Industrials, Financials and Consumer Discretionary.

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. SMDX holds in its top three: JONES LANG LASALLE, EAST WEST BANCORP and UTD THERAPEUT.

Which ETF is more diversified: FSMD or SMDX?

FSMD holds 595 securities with 9.31% of its assets in the top 15. SMDX has 525 securities and a top 15 weight of 13.79%.

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