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FSMDvsVBETF 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

VB

Vanguard Small Cap ETF

This fund is part of

US Small Cap

+0.12%

Full VB fund page

Fidelity Small-Mid Multifactor ETF (FSMD) belongs to the US Multi-Factor segment. Vanguard Small Cap ETF (VB) is part of the US Small Cap segment. FSMD's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, VB's top sector exposures are Industrials, Information Technology and Financials. FSMD is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.03% for VB. FSMD is up 11.2% year-to-date (YTD) with +$233M in YTD flows. VB performs worse with 10.35% YTD performance, and +$158M in YTD flows. Run a side-by-side ETF comparison of FSMD and VB 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 VB 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 VB	+11.37%+10.61%	+6.78%+3.88%	+11.20%+10.35%	+29.63%+33.16%	+61.21%+59.76%	+54.02%+35.35%
Flows	FSMD VB	+$37M-$421M	+$197M+$594M	+$233M+$158M	+$510M+$404M	+$1.83B+$9.68B	+$1.88B+$14.47B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSMD VB	+17.67%+18.77%	+15.01%+16.77%	+16.94%+18.85%	+18.30%+20.65%
Max drawdown	FSMD VB	-8.28%-8.96%	-8.28%-8.96%	-22.27%-25.25%	-22.27%-28.14%
Max drawdown duration	FSMD VB	43d48d	43d48d	289d296d	289d980d

Trading data

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	FSMD	VB
Last sale 4/27/2026 at 7:59 PM	$48.89	$280.42
Previous close 04/27/2026	$48.73	$283.57
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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	FSMD	VB
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	VB
Last price	$48.89	$280.42
1D performance	+0.33%	-1.11%
AuM	$2.36 B	$76.00 B
E/R	0.15%	0.03%

Characteristics

	FSMD	VB
Management strategy	Passive	Passive
Provider	Fidelity	Vanguard
Benchmark	Fidelity Small-Mid Multifactor Index	CRSP U.S. Small Cap Index
N° of holdings	560	1154
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2019	January 26, 2004
ESG	No	No

More FSMD data on Trackinsight

More VB data on Trackinsight

Exposure

Countries

FSMD

USA

92.6%

Other

7.4%

VB

USA

92.27%

Other

7.73%

Sectors

FSMD

Industrials

19.48%

Financials

14.58%

Information Techn.

13.34%

Health Care

11.29%

Consumer Discreti.

10.19%

Other

31.12%

VB

Industrials

17.73%

Information Techn.

13.69%

Financials

11.12%

Health Care

10.78%

Consumer Discreti.

9.82%

Other

36.86%

Diversification

FSMD

Total weight of top 15 holdings out of 15

9.31%

VB

Total weight of top 15 holdings out of 15

5.69%

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%

VB

EMCOR GROUP

0.46%

NRG ENERGY

0.43%

ATMOS ENERGY

0.42%

TAPESTRY INC

0.40%

TECHNIPFMC PLC

0.38%

CIENA

0.38%

CASEYS GENERAL STORES

0.37%

JABIL CIRCUIT

0.37%

NATERA

0.37%

CHESAPEAKE ENERGY

0.37%

UTD THERAPEUT

0.36%

KYG3730V1059

0.35%

CURTISS WRIGHT

0.35%

LUMENTUM HOLDINGS

0.35%

COMFORT SYSTEMS USA

0.34%

Frequently asked questions about FSMD and VB

How have the FSMD and VB ETFs performed in 2026?

As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while VB has returned 10.35%. That puts FSMD better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$233M in flows, compared to +$158M for VB.

Which ETF is more volatile: FSMD or VB?

Over the past year, FSMD had a volatility of 15.01%, while VB experienced 16.77%.

Which ETF is bigger: FSMD or VB?

As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while VB manages $76.00 B.

What sectors do the FSMD and VB ETFs invest in?

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

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. VB holds in its top three: EMCOR GROUP, NRG ENERGY and ATMOS ENERGY.

Which ETF is more diversified: FSMD or VB?

FSMD holds 595 securities with 9.31% of its assets in the top 15. VB has 1308 securities and a top 15 weight of 5.69%.

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VB

FSMDvsVBETF Comparison

Fidelity Small-Mid Multifactor ETF

Vanguard Small Cap ETF

FSMD vs VB 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 VB ETFs performed in 2026?

As of April 27, 2026, FSMD is up 11.2% year-to-date (YTD), while VB has returned 10.35%. That puts FSMD better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$233M in flows, compared to +$158M for VB.

Which ETF is more volatile: FSMD or VB?

Over the past year, FSMD had a volatility of 15.01%, while VB experienced 16.77%.

Which ETF is bigger: FSMD or VB?

As of April 27, 2026, FSMD holds $2.36 B in assets under management (AUM), while VB manages $76.00 B.

What sectors do the FSMD and VB ETFs invest in?

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

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

FSMD top holdings include US80004C2008, CIENA and LUMENTUM HOLDINGS. VB holds in its top three: EMCOR GROUP, NRG ENERGY and ATMOS ENERGY.

Which ETF is more diversified: FSMD or VB?

FSMD holds 595 securities with 9.31% of its assets in the top 15. VB has 1308 securities and a top 15 weight of 5.69%.

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