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SMIZvsFSMDETF Comparison
Zacks Small/Mid Cap ETF (SMIZ) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. SMIZ's top 3 sector exposures are Information Technology, Financials and Industrials. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. SMIZ is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.15% for FSMD. SMIZ is up 2.08% year-to-date (YTD) with +$27M in YTD flows. FSMD performs better with 2.25% YTD performance, and +$170M in YTD flows. Run a side-by-side ETF comparison of SMIZ 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.
SMIZ vs FSMD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMIZ FSMD | -5.26%-4.57% | -0.05%-0.33% | +2.08%+2.25% | +27.41%+18.26% | n/a+51.71% | n/a+47.43% |
| Flows | SMIZ FSMD | +$9M+$60M | +$33M+$215M | +$27M+$170M | +$58M+$1.01B | -+$1.77B | -+$1.82B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMIZ FSMD | +17.34%+13.66% | +20.36%+18.99% | n/a+16.88% | n/a+18.23% |
| Max drawdown | SMIZ FSMD | -6.18%-5.58% | -14.05%-13.29% | n/a-22.27% | n/a-22.27% |
| Max drawdown duration | SMIZ FSMD | 29d13d | 45d46d | n/a289d | n/a289d |
SMIZ | FSMD | |
Last sale 3/11/2026 at 7:59 PM | $37.75 | $44.57 |
| Previous close 03/11/2026 | $37.78 | $45.13 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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SMIZ | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
SMIZ | FSMD | |
|---|---|---|
| Last price | $37.75 | $44.57 |
| 1D performance | -0.09% | -1.25% |
| AuM | $196.51 M | $2.12 B |
| E/R | 0.87% | 0.15% |
SMIZ | FSMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Zacks ETFs | Fidelity |
| Benchmark | - | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 186 | 546 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 3, 2023 | February 26, 2019 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the SMIZ and FSMD ETFs performed in 2026?
As of March 10, 2026, SMIZ is up 2.08% year-to-date (YTD), while FSMD has returned 2.25%. That puts FSMD better performer ahead so far this year.
Which ETF is attracting more investor money: SMIZ or FSMD?
Year-to-date, the SMIZ ETF saw +$27M in flows, compared to +$170M for FSMD.
Which ETF is more volatile: SMIZ or FSMD?
Over the past year, SMIZ had a volatility of 20.36%, while FSMD experienced 18.99%.
Which ETF is bigger: SMIZ or FSMD?
As of March 10, 2026, SMIZ holds $196.51 M in assets under management (AUM), while FSMD manages $2.12 B.
What sectors do the SMIZ and FSMD ETFs invest in?
SMIZ leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.
What are the top holdings of the SMIZ ETF and FSMD ETF?
SMIZ top holdings include EMCOR GROUP, ARISTA NETWORKS and NORTHERN TRUST. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.
Which ETF is more diversified: SMIZ or FSMD?
SMIZ holds 188 securities with 15.94% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.
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