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SMLFvsFSMDETF Comparison
iShares U.S. Small-Cap Equity Factor ETF (SMLF) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. Both SMLF and FSMD have the same Total Expense Ratio (TER) of 0.15%. SMLF is up 1.81% year-to-date (YTD) with +$430M in YTD flows. FSMD performs better with 2.25% YTD performance, and +$170M in YTD flows. Run a side-by-side ETF comparison of SMLF 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.
SMLF vs FSMD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMLF FSMD | -4.04%-4.57% | -1.28%-0.33% | +1.81%+2.25% | +24.32%+18.26% | +60.53%+51.71% | +52.80%+47.43% |
| Flows | SMLF FSMD | +$94M+$60M | +$472M+$215M | +$430M+$170M | +$1.34B+$1.01B | +$1.84B+$1.77B | +$1.95B+$1.82B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMLF FSMD | +16.81%+13.66% | +22.59%+18.99% | +19.91%+16.88% | +21.22%+18.23% |
| Max drawdown | SMLF FSMD | -5.65%-5.58% | -16.13%-13.29% | -26.10%-22.27% | -26.10%-22.27% |
| Max drawdown duration | SMLF FSMD | 48d13d | 46d46d | 266d289d | 266d289d |
SMLF | FSMD | |
Last sale 3/12/2026 at 1:30 PM | $74.43 | $44.23 |
| Previous close 03/11/2026 | $76.17 | $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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SMLF | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
SMLF | FSMD | |
|---|---|---|
| Last price | $74.43 | $44.23 |
| 1D performance | -2.28% | -1.99% |
| AuM | $3.30 B | $2.12 B |
| E/R | 0.15% | 0.15% |
SMLF | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Fidelity |
| Benchmark | STOXX U.S. Small-Cap Equity Factor USD Gross Return | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 762 | 546 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 28, 2015 | 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 SMLF and FSMD ETFs performed in 2026?
As of March 11, 2026, SMLF is up 1.81% 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: SMLF or FSMD?
Year-to-date, the SMLF ETF saw +$430M in flows, compared to +$170M for FSMD.
Which ETF is more volatile: SMLF or FSMD?
Over the past year, SMLF had a volatility of 22.59%, while FSMD experienced 18.99%.
Which ETF is bigger: SMLF or FSMD?
As of March 11, 2026, SMLF holds $3.30 B in assets under management (AUM), while FSMD manages $2.12 B.
What sectors do the SMLF and FSMD ETFs invest in?
SMLF leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.
What are the top holdings of the SMLF ETF and FSMD ETF?
SMLF top holdings include US80004C2008, EMCOR GROUP and COMFORT SYSTEMS USA. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.
Which ETF is more diversified: SMLF or FSMD?
SMLF holds 840 securities with 10.75% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.
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