SMIZvsFSMDETF Comparison
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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 Finance, Technology and Industrials. In contrast, FSMD's top sector exposures are Finance, Industrials and Technology. SMIZ is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.15% for FSMD. SMIZ is up 12.51% year-to-date (YTD) with +$86M in YTD flows. FSMD performs better with 15.96% YTD performance, and +$316M 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.
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SMIZ vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMIZ FSMD | -3.25%-2.60% | -2.57%-0.33% | +12.51%+15.96% | +11.83%+15.34% | n/a+59.28% | n/a+59.98% |
| Flows | SMIZ FSMD | +$6M+$21M | +$24M+$68M | +$86M+$316M | +$107M+$510M | -+$1.90B | -+$1.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMIZ FSMD | +16.52%+14.34% | +17.92%+15.33% | n/a+17.13% | n/a+18.29% |
| Max drawdown | SMIZ FSMD | -7.79%-5.57% | -10.50%-8.28% | n/a-22.27% | n/a-22.27% |
| Max drawdown duration | SMIZ FSMD | 73d44d | 60d43d | n/a289d | n/a289d |
Trading data
SMIZ | FSMD | |
Last sale 9/11/2026 at 1:30 PM | $41.66 | $50.80 |
| Previous close 09/10/2026 | $41.21 | $50.41 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SMIZ
is actively managed and doesn’t replicate an indexSMIZ | 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 9/11/2026 at 1:30 PM
Live
Closed
SMIZ | FSMD | |
|---|---|---|
| Last price | $41.66 | $50.80 |
| 1D performance | +1.09% | +0.77% |
| AuM | $276.96 M | $2.54 B |
| E/R | 0.6% | 0.15% |
Characteristics
SMIZ | FSMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Zacks ETFs | Fidelity |
| Benchmark | - | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 199 | 586 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 3, 2023 | February 26, 2019 |
| ESG | No | No |
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Exposure
Countries
SMIZ
USA
93.02%
Other
6.98%
FSMD
USA
95.51%
Other
4.49%
Sectors
SMIZ
Finance
25.18%
Technology
21.02%
Industrials
18.7%
Healthcare
8.87%
Other
26.23%
FSMD
Finance
23.71%
Industrials
16.08%
Technology
15.89%
Healthcare
12.78%
Non-Energy Materi.
7.81%
Other
23.74%
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Diversification
SMIZ
Total weight of top 15 holdings out of 15
16.01%
FSMD
Total weight of top 15 holdings out of 15
9.86%
Top 15 holdings
Data as of July 31, 2026
SMIZ
EMCOR Group, Inc.
1.61%
Comfort Systems USA, Inc.
1.48%
Vestis Corp.
1.27%
Kulicke & Soffa Industries, Inc.
1.11%
Credo Technology Group Holding Ltd.
1.10%
Affiliated Managers Group, Inc.
1.05%
Northern Trust Corp.
1.02%
Arista Networks, Inc.
1.01%
Howmet Aerospace, Inc.
0.96%
Amphenol Corp.
0.95%
Expedia Group, Inc.
0.93%
Carpenter Technology Corp.
0.91%
Arrow Electronics, Inc.
0.88%
MasTec, Inc.
0.87%
Sterling Infrastructure, Inc.
0.86%
FSMD
Sandisk Corp.
2.09%
Comfort Systems USA, Inc.
0.83%
Ciena Corp.
0.72%
Lumentum Holdings, Inc.
0.69%
Flex Ltd.
0.65%
Revolution Medicines, Inc.
0.58%
Coherent Corp.
0.56%
Casey's General Stores, Inc.
0.54%
Tapestry, Inc.
0.49%
Anglogold Ashanti Plc
0.48%
TechnipFMC plc
0.48%
EMCOR Group, Inc.
0.47%
Carpenter Technology Corp.
0.45%
Curtiss-Wright Corp.
0.42%
Tenet Healthcare Corp.
0.41%
Frequently asked questions about SMIZ and FSMD
How have the SMIZ and FSMD ETFs performed in 2026?
As of September 11, 2026, SMIZ is up 12.51% year-to-date (YTD), while FSMD has returned 15.96%. 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 +$86M in flows, compared to +$316M for FSMD.
Which ETF is more volatile: SMIZ or FSMD?
Over the past year, SMIZ had a volatility of 17.92%, while FSMD experienced 15.33%.
Which ETF is bigger: SMIZ or FSMD?
As of September 11, 2026, SMIZ holds $276.96 M in assets under management (AUM), while FSMD manages $2.54 B.
What sectors do the SMIZ and FSMD ETFs invest in?
SMIZ leans toward sectors like Finance, Technology and Industrials. Meanwhile, FSMD focuses on Finance, Industrials and Technology.
What are the top holdings of the SMIZ ETF and FSMD ETF?
SMIZ top holdings include EMCOR Group, Inc., Comfort Systems USA, Inc. and Vestis Corp.. FSMD holds in its top three: Sandisk Corp., Comfort Systems USA, Inc. and Ciena Corp..
Which ETF is more diversified: SMIZ or FSMD?
SMIZ holds 200 securities with 16.01% of its assets in the top 15. FSMD has 586 securities and a top 15 weight of 9.86%.
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