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, Healthcare and Technology. SMIZ is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.15% for FSMD. SMIZ is up 11.75% year-to-date (YTD) with +$88M in YTD flows. FSMD performs better with 15.34% YTD performance, and +$331M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMIZ FSMD | +0.68%+1.55% | -2.18%-0.82% | +11.75%+15.34% | +9.30%+15.71% | +79.38%+72.70% | n/a+56.82% |
| Flows | SMIZ FSMD | -$15M-$10M | +$10M+$46M | +$88M+$331M | +$104M+$423M | +$230M+$1.91B | -+$1.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMIZ FSMD | +14.61%+12.10% | +17.69%+14.90% | +18.53%+16.95% | n/a+18.19% |
| Max drawdown | SMIZ FSMD | -8.24%-7.33% | -10.50%-8.28% | -24.90%-22.27% | n/a-22.27% |
| Max drawdown duration | SMIZ FSMD | 71d71d | 60d43d | 260d289d | n/a289d |
Trading data
SMIZ | FSMD | |
Last sale 10/28/2026 at 1:30 PM | $41.64 | $50.33 |
| Previous close 10/27/2026 | $41.35 | $50.26 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/28/2026 at 1:30 PM
Live
Closed
SMIZ | FSMD | |
|---|---|---|
| Last price | $41.64 | $50.33 |
| 1D performance | +0.70% | +0.14% |
| AuM | $277.16 M | $2.53 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 | 200 | 599 |
| 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
94.52%
Other
5.48%
FSMD
USA
95.78%
Other
4.22%
Sectors
SMIZ
Finance
24.07%
Technology
20.82%
Industrials
18.09%
Healthcare
11%
Other
26.02%
FSMD
Finance
24.45%
Healthcare
15.28%
Technology
15.22%
Industrials
13.1%
Other
31.94%
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Diversification
SMIZ
Total weight of top 15 holdings out of 15
15.56%
FSMD
Total weight of top 15 holdings out of 15
5.35%
Top 15 holdings
Data as of August 31, 2026
SMIZ
EMCOR Group, Inc.
1.49%
Credo Technology Group Holding Ltd.
1.21%
Vestis Corp.
1.10%
Arista Networks, Inc.
1.09%
Affiliated Managers Group, Inc.
1.06%
Northern Trust Corp.
1.04%
Expedia Group, Inc.
1.01%
Kulicke & Soffa Industries, Inc.
1.00%
Comfort Systems USA, Inc.
0.99%
Expeditors International of Washington, Inc.
0.96%
Amphenol Corp.
0.94%
Commvault Systems, Inc.
0.92%
International Seaways, Inc.
0.92%
Remitly Global, Inc.
0.92%
Allient, Inc.
0.92%
FSMD
Everpure, Inc.
0.50%
Tenet Healthcare Corp.
0.40%
nVent Electric Plc
0.39%
Guardant Health, Inc.
0.38%
Incyte Corp.
0.37%
Nutanix, Inc.
0.35%
Permian Resources Corp.
0.35%
Loews Corp.
0.34%
East West Bancorp, Inc.
0.34%
TD SYNNEX Corp.
0.34%
Gen Digital, Inc.
0.33%
Reinsurance Group of America, Inc.
0.32%
HF Sinclair Corp.
0.32%
MKS, Inc.
0.31%
Zebra Technologies Corp.
0.31%
Frequently asked questions about SMIZ and FSMD
How have the SMIZ and FSMD ETFs performed in 2026?
As of October 27, 2026, SMIZ is up 11.75% year-to-date (YTD), while FSMD has returned 15.34%. 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 +$88M in flows, compared to +$331M for FSMD.
Which ETF is more volatile: SMIZ or FSMD?
Over the past year, SMIZ had a volatility of 17.69%, while FSMD experienced 14.9%.
Which ETF is bigger: SMIZ or FSMD?
As of October 27, 2026, SMIZ holds $277.16 M in assets under management (AUM), while FSMD manages $2.53 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, Healthcare and Technology.
What are the top holdings of the SMIZ ETF and FSMD ETF?
SMIZ top holdings include EMCOR Group, Inc., Credo Technology Group Holding Ltd. and Vestis Corp.. FSMD holds in its top three: Everpure, Inc., Tenet Healthcare Corp. and nVent Electric Plc.
Which ETF is more diversified: SMIZ or FSMD?
SMIZ holds 200 securities with 15.56% of its assets in the top 15. FSMD has 599 securities and a top 15 weight of 5.35%.
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