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NUSCvsFSMDETF Comparison

ETF 1
NUSC

NuShares ESG Small-Cap ETF

This fund is part of
US Small Cap
+2.62%
VS
ETF 2
FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of
US Multi-Factor
+1.86%

NuShares ESG Small-Cap ETF (NUSC) belongs to the US Small Cap segment. Fidelity Small-Mid Multifactor ETF (FSMD) is part of the US Multi-Factor segment. NUSC's top 3 sector exposures are Financials, Information Technology and Industrials. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. NUSC is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.15% for FSMD. NUSC is up 13.47% year-to-date (YTD) with -$173M in YTD flows. FSMD performs better with 16.34% YTD performance, and +$253M in YTD flows. Run a side-by-side ETF comparison of NUSC and FSMD 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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NUSC vs FSMD performance and flow charts

Performance

-4.0-2.00.02.04.0%May 11May 18May 26Jun 2Jun 9

Cumulative Flows

-100 M-50 M0 M50 M100 M150 M200 M250 MMay 11May 18May 26Jun 2Jun 9

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Historic performance and flows
Data as of 06/11/2026
1M3MYTD1Y3Y5Y
Perf.
NUSC
FSMD
+3.23%+2.35%
+10.79%+13.78%
+13.47%+16.34%
+26.42%+26.46%
+42.95%+61.82%
+24.03%+59.41%
Flows
NUSC
FSMD
-$87M+$30M
-$52M+$88M
-$173M+$253M
-$177M+$519M
-$153M+$1.85B
+$159M+$1.89B
Volatility and drawdown
3M1Y3Y5Y
Volatility
NUSC
FSMD
+19.50%+18.32%
+17.44%+15.24%
+19.71%+16.95%
+21.30%+18.32%
Max drawdown
NUSC
FSMD
-4.71%-4.02%
-10.10%-8.28%
-26.88%-22.27%
-28.74%-22.27%
Max drawdown duration
NUSC
FSMD
27d16d
53d43d
379d289d
1073d289d
Trading data

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NUSC
FSMD
Last sale
6/11/2026 at 1:30 PM
$50.60
$51.18
Previous close
06/11/2026
$49.33
$49.76
Consolidated volume
06/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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NUSC
FSMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/11/2026 at 1:30 PM
Live
Closed
NUSC
FSMD
Last price
$50.60
$51.18
1D performance
+2.57%
+2.85%
AuM$1.25 B$2.49 B
E/R0.31%0.15%
Characteristics
NUSC
FSMD
Management strategyPassivePassive
ProviderNuveenFidelity
BenchmarkMSCI TIAA ESG USA Small-Cap IndexFidelity Small-Mid Multifactor Index
N° of holdings394556
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateDecember 13, 2016February 26, 2019
ESGYesNo
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Exposure

Countries

NUSC
USA
84.58%
Other
15.42%
FSMD
USA
92.51%
Other
7.49%

Sectors

NUSC
Financials
15.45%
Information Techn.
14.71%
Industrials
14.25%
Consumer Discreti.
11.68%
Health Care
11.3%
Materials
7.89%
Other
24.71%
FSMD
Industrials
19.56%
Financials
14.7%
Information Techn.
14.6%
Health Care
10.83%
Consumer Discreti.
9.9%
Other
30.4%
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Diversification

NUSC

Total weight of top 15 holdings out of 15

15.24%
FSMD

Total weight of top 15 holdings out of 15

10.75%

Top 15 holdings

Data as of April 30, 2026
NUSC
TECHNIPFMC PLC
1.44%
NVENT ELECTRIC PLC
1.28%
CARPENTER TECHNOLOGY
1.21%
MODERNA INC
1.09%
EAST WEST BANCORP
1.08%
ATI INC
1.06%
HOST HOTELS & RESORTS REIT
1.03%
MODINE MNFC CO
0.96%
TD SYNNEX
0.95%
AGNC INVESTMENT CORP
0.94%
SERVICE
0.93%
IONIS PHARMACEUTICALS INC
0.85%
FLOWSERVE
0.84%
POPULAR
0.82%
INTERDIGITAL
0.75%
FSMD
US80004C2008
2.11%
CIENA
1.07%
LUMENTUM HOLDINGS
0.94%
COMFORT SYSTEMS USA
0.92%
US19247G1076
0.77%
GB00BRXH2664
0.62%
EMCOR GROUP
0.58%
FLEX LTD
0.53%
TECHNIPFMC PLC
0.52%
CASEYS GENERAL STORES
0.51%
TAPESTRY INC
0.49%
FABRINET
0.44%
REVOLUTION MEDICINES INC
0.42%
UTD THERAPEUT
0.42%
CURTISS WRIGHT
0.41%
Frequently asked questions about NUSC and FSMD

How have the NUSC and FSMD ETFs performed in 2026?

As of June 11, 2026, NUSC is up 13.47% year-to-date (YTD), while FSMD has returned 16.34%. That puts FSMD better performer ahead so far this year.

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

Year-to-date, the NUSC ETF saw -$173M in flows, compared to +$253M for FSMD.

Which ETF is more volatile: NUSC or FSMD?

Over the past year, NUSC had a volatility of 17.44%, while FSMD experienced 15.24%.

Which ETF is bigger: NUSC or FSMD?

As of June 11, 2026, NUSC holds $1.25 B in assets under management (AUM), while FSMD manages $2.49 B.

What sectors do the NUSC and FSMD ETFs invest in?

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

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

NUSC top holdings include TECHNIPFMC PLC, NVENT ELECTRIC PLC and CARPENTER TECHNOLOGY. FSMD holds in its top three: US80004C2008, CIENA and LUMENTUM HOLDINGS.

Which ETF is more diversified: NUSC or FSMD?

NUSC holds 399 securities with 15.24% of its assets in the top 15. FSMD has 592 securities and a top 15 weight of 10.75%.

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