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FSMDvsVXFETF Comparison

ETF 1
FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of
US Multi-Factor
-1.26%
Full FSMD fund page
VS
ETF 2
VXF

Vanguard Extended Market ETF

This fund is part of
US Multi-Factor
-1.26%
Full VXF fund page

Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard Extended Market ETF (VXF) belong to the same industry segment: US Multi-Factor. FSMD's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, VXF's top sector exposures are Information Technology, Industrials and Financials. FSMD is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.05% for VXF. FSMD is up 0.37% year-to-date (YTD) with +$174M in YTD flows. VXF performs worse with -1.76% YTD performance, and +$643M in YTD flows. Run a side-by-side ETF comparison of FSMD and VXF 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 VXF performance and flow charts

Performance

-4.0-2.00.02.0%Feb 12Feb 20Feb 27Mar 6

Cumulative Flows

0 M100 M200 M300 M400 MFeb 12Feb 20Feb 27Mar 6

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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 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
FSMD
VXF
-4.95%-4.01%
-1.31%-3.62%
+0.37%-1.76%
+16.42%+19.60%
+48.92%+59.02%
+43.58%+18.21%
Flows
FSMD
VXF
+$59M+$378M
+$219M+$702M
+$174M+$643M
+$1.02B+$1.67B
+$1.77B+$3.97B
+$1.82B+$6.23B
Volatility and drawdown
3M1Y3Y5Y
Volatility
FSMD
VXF
+14.06%+17.17%
+19.08%+23.08%
+16.91%+19.93%
+18.25%+22.30%
Max drawdown
FSMD
VXF
-6.89%-7.64%
-13.29%-17.18%
-22.27%-26.84%
-22.27%-36.33%
Max drawdown duration
FSMD
VXF
14d49d
46d46d
289d265d
289d1093d
Trading data

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FSMD
VXF
Last sale
3/13/2026 at 6:12 PM
$44.22
$204.61
Previous close
03/12/2026
$44.23
$205.46
Consolidated volume
03/12/2026
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
VXF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 6:12 PM
Live
Closed
FSMD
VXF
Last price
$44.22
$204.61
1D performance
-0.03%
-0.41%
AuM$2.08 B$25.20 B
E/R0.15%0.05%
Characteristics
FSMD
VXF
Management strategyPassivePassive
ProviderFidelityVanguard
BenchmarkFidelity Small-Mid Multifactor IndexS&P Completion Index
N° of holdings5462396
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateFebruary 26, 2019December 27, 2001
ESGNoNo
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Exposure

Countries

FSMD
USA
92.39%
Other
7.61%
VXF
USA
92.13%
Other
7.87%

Sectors

FSMD
Industrials
20.07%
Financials
15.72%
Information Techn.
13.59%
Consumer Discreti.
11.33%
Health Care
10.81%
Other
28.48%
VXF
Information Techn.
16.35%
Industrials
15.97%
Financials
13.39%
Health Care
12.07%
Consumer Discreti.
9.44%
Other
32.79%
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Diversification

FSMD

Total weight of top 15 holdings out of 15

7.83%
VXF

Total weight of top 15 holdings out of 15

8.66%

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%
VXF
VERTIV HOLDINGS
0.90%
MARVELL TECHNOLOGY
0.86%
SNOWFLAKE INC
0.82%
CLOUDFLARE INC
0.70%
US31488V1070
0.62%
CHENIERE ENERGY
0.57%
ALNYLAM PHARMACEUTICALS
0.56%
ROBLOX
0.54%
MICROSTRATEGY
0.50%
US7731211089
0.47%
CIENA
0.45%
INSMED
0.42%
US19247G1076
0.42%
BLOOM ENERGY CORP
0.41%
NATERA
0.40%
Frequently asked questions about FSMD and VXF

How have the FSMD and VXF ETFs performed in 2026?

As of March 12, 2026, FSMD is up 0.37% year-to-date (YTD), while VXF has lost -1.76%. That puts FSMD better performer ahead so far this year.

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

Year-to-date, the FSMD ETF saw +$174M in flows, compared to +$643M for VXF.

Which ETF is more volatile: FSMD or VXF?

Over the past year, FSMD had a volatility of 19.08%, while VXF experienced 23.08%.

Which ETF is bigger: FSMD or VXF?

As of March 12, 2026, FSMD holds $2.08 B in assets under management (AUM), while VXF manages $25.20 B.

What sectors do the FSMD and VXF ETFs invest in?

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

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

FSMD top holdings include GB00BRXH2664, CIENA and COMFORT SYSTEMS USA. VXF holds in its top three: VERTIV HOLDINGS, MARVELL TECHNOLOGY and SNOWFLAKE INC.

Which ETF is more diversified: FSMD or VXF?

FSMD holds 584 securities with 7.83% of its assets in the top 15. VXF has 3286 securities and a top 15 weight of 8.66%.

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