BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FSMDvsSMMDETF Comparison

ETF 1

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+0.49%

Full FSMD fund page

VS

ETF 2

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

+0.49%

Full SMMD fund page

Fidelity Small-Mid Multifactor ETF (FSMD) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. FSMD's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, SMMD's top sector exposures are Finance, Healthcare and Technology. FSMD is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.23% for SMMD. FSMD is up 16.8% year-to-date (YTD) with +$331M in YTD flows. SMMD performs better with 18.06% YTD performance, and +$1.62B in YTD flows. Run a side-by-side ETF comparison of FSMD and SMMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FSMD vs SMMD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

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 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSMD SMMD	+3.01%+2.25%	+2.35%-0.53%	+16.80%+18.06%	+19.26%+19.36%	+73.87%+79.84%	+56.58%+40.26%
Flows	FSMD SMMD	-$10M+$82M	+$46M+$742M	+$331M+$1.62B	+$419M+$1.96B	+$1.91B+$2.69B	+$1.98B+$3.16B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSMD SMMD	+11.82%+12.81%	+14.87%+17.01%	+16.95%+19.17%	+18.18%+20.90%
Max drawdown	FSMD SMMD	-7.33%-9.29%	-8.28%-9.48%	-22.27%-25.55%	-22.27%-28.20%
Max drawdown duration	FSMD SMMD	73d74d	43d43d	289d283d	289d980d

Trading data

Create an account to view trading data

Join for free

	FSMD	SMMD
Last sale 10/30/2026 at 1:30 PM	$50.25	$86.55
Previous close 10/29/2026	$50.98	$87.72
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

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

Main metrics

Last update 10/30/2026 at 1:30 PM

Live

Closed

	FSMD	SMMD
Last price	$50.25	$86.55
1D performance	-1.43%	-1.33%
AuM	$2.56 B	$4.24 B
E/R	0.15%	0.23%

Characteristics

	FSMD	SMMD
Management strategy	Passive	Passive
Provider	Fidelity	iShares
Benchmark	Fidelity Small-Mid Multifactor Index	Russell 2500 Index
N° of holdings	597	508
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2019	July 6, 2017
ESG	No	No

More FSMD data on Trackinsight

More SMMD data on Trackinsight

Exposure

Countries

FSMD

USA

95.73%

Other

4.27%

SMMD

USA

95.01%

Other

4.99%

Sectors

FSMD

Finance

24.06%

Technology

16.36%

Healthcare

15.25%

Industrials

13.2%

Other

31.12%

SMMD

Finance

23.99%

Healthcare

15.35%

Technology

14.38%

Industrials

13.78%

Non-Energy Materi.

8.02%

Other

24.48%

Diversification

FSMD

Total weight of top 15 holdings out of 15

5.83%

SMMD

Total weight of top 15 holdings out of 15

45.3%

Top 15 holdings

Data as of September 30, 2026

FSMD

Everpure, Inc.

0.69%

nVent Electric Plc

0.45%

Guardant Health, Inc.

0.44%

Tenet Healthcare Corp.

0.40%

Incyte Corp.

0.38%

TD SYNNEX Corp.

0.37%

Semtech Corp.

0.36%

HF Sinclair Corp.

0.35%

Nutanix, Inc.

0.35%

Revvity, Inc.

0.35%

East West Bancorp, Inc.

0.35%

Loews Corp.

0.34%

Dynatrace, Inc.

0.34%

Reinsurance Group of America, Inc.

0.34%

Zebra Technologies Corp.

0.34%

SMMD

US4642876555

41.06%

nVent Electric Plc

0.37%

ATI, Inc.

0.36%

F5, Inc.

0.36%

Guardant Health, Inc.

0.33%

Viatris, Inc.

0.29%

Tenet Healthcare Corp.

0.29%

US Foods Holding Corp.

0.29%

Royal Gold, Inc.

0.28%

Roku, Inc.

0.28%

SoFi Technologies, Inc.

0.28%

Packaging Corporation of America

0.28%

TD SYNNEX Corp.

0.28%

Reliance, Inc.

0.28%

Woodward, Inc.

0.28%

Frequently asked questions about FSMD and SMMD

How have the FSMD and SMMD ETFs performed in 2026?

As of October 29, 2026, FSMD is up 16.8% year-to-date (YTD), while SMMD has returned 18.06%. That puts SMMD better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$331M in flows, compared to +$1.62B for SMMD.

Which ETF is more volatile: FSMD or SMMD?

Over the past year, FSMD had a volatility of 14.87%, while SMMD experienced 17.01%.

Which ETF is bigger: FSMD or SMMD?

As of October 29, 2026, FSMD holds $2.56 B in assets under management (AUM), while SMMD manages $4.24 B.

What sectors do the FSMD and SMMD ETFs invest in?

FSMD leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Technology.

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

FSMD top holdings include Everpure, Inc., nVent Electric Plc and Guardant Health, Inc.. SMMD holds in its top three: US4642876555, nVent Electric Plc and ATI, Inc..

FSMDvsSMMDETF Comparison

Fidelity Small-Mid Multifactor ETF

iShares Russell 2500 ETF

FSMD vs SMMD 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 SMMD ETFs performed in 2026?

As of October 29, 2026, FSMD is up 16.8% year-to-date (YTD), while SMMD has returned 18.06%. That puts SMMD better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$331M in flows, compared to +$1.62B for SMMD.

Which ETF is more volatile: FSMD or SMMD?

Over the past year, FSMD had a volatility of 14.87%, while SMMD experienced 17.01%.

Which ETF is bigger: FSMD or SMMD?

As of October 29, 2026, FSMD holds $2.56 B in assets under management (AUM), while SMMD manages $4.24 B.

What sectors do the FSMD and SMMD ETFs invest in?

FSMD leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Technology.

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

FSMD top holdings include Everpure, Inc., nVent Electric Plc and Guardant Health, Inc.. SMMD holds in its top three: US4642876555, nVent Electric Plc and ATI, Inc..

Which ETF is more diversified: FSMD or SMMD?

FSMD holds 597 securities with 5.83% of its assets in the top 15. SMMD has 2485 securities and a top 15 weight of 45.3%.

ETFs’ Next Act: From Access to Selection