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SMLFvsFFSMETF Comparison

ETF 1

SMLF

iShares U.S. Small-Cap Equity Factor ETF

This fund is part of

US Multi-Factor

-0.5%

Full SMLF fund page

VS

ETF 2

FFSM

Fidelity Fundamental Small-Mid Cap ETF

This fund is part of

Global Blended Cap

-0.99%

Full FFSM fund page

iShares U.S. Small-Cap Equity Factor ETF (SMLF) belongs to the US Multi-Factor segment. Fidelity Fundamental Small-Mid Cap ETF (FFSM) is part of the Global Blended Cap segment. SMLF's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, FFSM's top sector exposures are Finance, Industrials and Technology. SMLF is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.43% for FFSM. SMLF is up 15.07% year-to-date (YTD) with +$856M in YTD flows. FFSM performs worse with 14.78% YTD performance, and +$471M in YTD flows. Run a side-by-side ETF comparison of SMLF and FFSM 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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SMLF vs FFSM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMLF FFSM	-5.52%-8.40%	-1.76%-6.14%	+15.07%+14.78%	+16.19%+20.85%	+64.21%+64.64%	+68.00%+55.28%
Flows	SMLF FFSM	+$40M+$57M	+$154M+$289M	+$856M+$471M	+$1.38B+$624M	+$2.49B+$1.30B	+$2.25B+$1.31B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMLF FFSM	+14.29%+15.40%	+17.36%+18.63%	+19.91%+19.32%	+21.14%+20.65%
Max drawdown	SMLF FFSM	-5.84%-8.52%	-8.74%-10.43%	-26.10%-24.54%	-26.10%-26.71%
Max drawdown duration	SMLF FFSM	29d28d	81d43d	266d283d	266d828d

Trading data

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	SMLF	FFSM
Last sale 9/15/2026 at 1:30 PM	$84.89	$34.72
Previous close 09/14/2026	$85.67	$35.16
Consolidated volume 09/14/2026
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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FFSM

is actively managed and doesn’t replicate an index

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	SMLF	FFSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	SMLF	FFSM
Last price	$84.89	$34.72
1D performance	-0.91%	-1.25%
AuM	$4.14 B	$1.55 B
E/R	0.15%	0.43%

Characteristics

	SMLF	FFSM
Management strategy	Passive	Active
Provider	iShares	Fidelity
Benchmark	STOXX U.S. Small-Cap Equity Factor USD Gross Return	-
N° of holdings	890	927
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	April 28, 2015	February 4, 2021
ESG	No	No

More SMLF data on Trackinsight

More FFSM data on Trackinsight

Exposure

Countries

SMLF

USA

93.28%

Other

6.72%

FFSM

USA

93.11%

Other

6.89%

Sectors

SMLF

Finance

21.93%

Technology

17.24%

Healthcare

14.67%

Industrials

13.83%

Non-Energy Materi.

7.45%

Consumer Cyclical.

7.14%

Other

17.75%

FFSM

Finance

19.84%

Industrials

17.09%

Technology

15.58%

Healthcare

11.46%

Non-Energy Materi.

11.08%

Consumer Cyclical.

8.04%

Other

16.91%

Diversification

SMLF

Total weight of top 15 holdings out of 15

10.16%

FFSM

Total weight of top 15 holdings out of 15

20.44%

Top 15 holdings

Data as of July 31, 2026

SMLF

EMCOR Group, Inc.

0.95%

Interactive Brokers Group, Inc.

0.86%

BlackRock Cash Funds - Treasury

0.83%

Flex Ltd.

0.77%

nVent Electric Plc

0.75%

Jabil, Inc.

0.74%

Astera Labs, Inc.

0.67%

Tapestry, Inc.

0.66%

Natera, Inc.

0.62%

Williams-Sonoma, Inc.

0.62%

Mueller Industries, Inc.

0.59%

Reliance, Inc.

0.55%

Popular, Inc.

0.54%

Tenet Healthcare Corp.

0.51%

Credo Technology Group Holding Ltd.

0.50%

FFSM

FirstCash Holdings, Inc.

1.62%

Western Digital Corp.

1.60%

ATI, Inc.

1.54%

Fabrinet

1.51%

Murphy USA, Inc.

1.47%

IES Holdings, Inc.

1.46%

Carpenter Technology Corp.

1.45%

Stifel Financial Corp.

1.37%

Comfort Systems USA, Inc.

1.31%

BrightSpring Health Services, Inc.

1.27%

Coherent Corp.

1.26%

Advanced Energy Industries, Inc.

1.17%

Element Solutions, Inc.

1.14%

Genpact Ltd.

1.14%

RBC Bearings, Inc.

1.13%

Frequently asked questions about SMLF and FFSM

How have the SMLF and FFSM ETFs performed in 2026?

As of September 14, 2026, SMLF is up 15.07% year-to-date (YTD), while FFSM has returned 14.78%. That puts SMLF better performer ahead so far this year.

Which ETF is attracting more investor money: SMLF or FFSM?

Year-to-date, the SMLF ETF saw +$856M in flows, compared to +$471M for FFSM.

Which ETF is more volatile: SMLF or FFSM?

Over the past year, SMLF had a volatility of 17.36%, while FFSM experienced 18.63%.

Which ETF is bigger: SMLF or FFSM?

As of September 14, 2026, SMLF holds $4.14 B in assets under management (AUM), while FFSM manages $1.55 B.

What sectors do the SMLF and FFSM ETFs invest in?

SMLF leans toward sectors like Finance, Technology and Healthcare. Meanwhile, FFSM focuses on Finance, Industrials and Technology.

What are the top holdings of the SMLF ETF and FFSM ETF?

SMLF top holdings include EMCOR Group, Inc., Interactive Brokers Group, Inc. and BlackRock Cash Funds - Treasury. FFSM holds in its top three: FirstCash Holdings, Inc., Western Digital Corp. and ATI, Inc..

SMLFvsFFSMETF Comparison

iShares U.S. Small-Cap Equity Factor ETF

Fidelity Fundamental Small-Mid Cap ETF

SMLF vs FFSM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SMLF and FFSM ETFs performed in 2026?

As of September 14, 2026, SMLF is up 15.07% year-to-date (YTD), while FFSM has returned 14.78%. That puts SMLF better performer ahead so far this year.

Which ETF is attracting more investor money: SMLF or FFSM?

Year-to-date, the SMLF ETF saw +$856M in flows, compared to +$471M for FFSM.

Which ETF is more volatile: SMLF or FFSM?

Over the past year, SMLF had a volatility of 17.36%, while FFSM experienced 18.63%.

Which ETF is bigger: SMLF or FFSM?

As of September 14, 2026, SMLF holds $4.14 B in assets under management (AUM), while FFSM manages $1.55 B.

What sectors do the SMLF and FFSM ETFs invest in?

SMLF leans toward sectors like Finance, Technology and Healthcare. Meanwhile, FFSM focuses on Finance, Industrials and Technology.

What are the top holdings of the SMLF ETF and FFSM ETF?

SMLF top holdings include EMCOR Group, Inc., Interactive Brokers Group, Inc. and BlackRock Cash Funds - Treasury. FFSM holds in its top three: FirstCash Holdings, Inc., Western Digital Corp. and ATI, Inc..

Which ETF is more diversified: SMLF or FFSM?

SMLF holds 891 securities with 10.16% of its assets in the top 15. FFSM has 929 securities and a top 15 weight of 20.44%.

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