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SMMDvsFSMDETF Comparison

ETF 1

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

+1.1%

Full SMMD fund page

VS

ETF 2

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+1.1%

Full FSMD fund page

iShares Russell 2500 ETF (SMMD) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. SMMD's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, FSMD's top sector exposures are Finance, Technology and Healthcare. SMMD is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.15% for FSMD. SMMD is up 18.51% year-to-date (YTD) with +$1.58B in YTD flows. FSMD performs worse with 16.52% YTD performance, and +$300M in YTD flows. Run a side-by-side ETF comparison of SMMD 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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SMMD vs FSMD 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 11/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMMD FSMD	+1.13%+1.10%	-4.23%-2.78%	+18.51%+16.52%	+22.39%+20.19%	+72.16%+65.86%	+36.54%+51.73%
Flows	SMMD FSMD	+$102M-$50M	+$693M+$16M	+$1.58B+$300M	+$1.91B+$371M	+$2.64B+$1.88B	+$3.12B+$1.95B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMMD FSMD	+12.26%+10.76%	+17.02%+14.93%	+19.12%+16.90%	+20.89%+18.17%
Max drawdown	SMMD FSMD	-9.29%-7.33%	-9.48%-8.28%	-25.55%-22.27%	-28.20%-22.27%
Max drawdown duration	SMMD FSMD	80d79d	43d43d	283d289d	980d289d

Trading data

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	SMMD	FSMD
Last sale 11/5/2026 at 2:30 PM	$84.68	$48.93
Previous close 11/04/2026	$88.09	$50.87
Consolidated volume 11/04/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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	SMMD	FSMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 11/5/2026 at 2:30 PM

Live

Closed

	SMMD	FSMD
Last price	$84.68	$48.93
1D performance	-3.87%	-3.81%
AuM	$4.22 B	$2.53 B
E/R	0.23%	0.15%

Characteristics

	SMMD	FSMD
Management strategy	Passive	Passive
Provider	iShares	Fidelity
Benchmark	Russell 2500 Index	Fidelity Small-Mid Multifactor Index
N° of holdings	508	597
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 6, 2017	February 26, 2019
ESG	No	No

More SMMD data on Trackinsight

More FSMD data on Trackinsight

Exposure

Countries

SMMD

USA

95.01%

Other

4.99%

FSMD

USA

95.73%

Other

4.27%

Sectors

SMMD

Finance

23.99%

Healthcare

15.35%

Technology

14.38%

Industrials

13.79%

Non-Energy Materi.

8.02%

Other

24.48%

FSMD

Finance

24.06%

Technology

16.36%

Healthcare

15.25%

Industrials

13.2%

Other

31.12%

Diversification

SMMD

Total weight of top 15 holdings out of 15

45.3%

FSMD

Total weight of top 15 holdings out of 15

5.83%

Top 15 holdings

Data as of September 30, 2026

SMMD

US4642876555

41.06%

nVent Electric Plc

0.37%

ATI, Inc.

0.36%

F5, Inc.

0.36%

Guardant Health, Inc.

0.33%

Viatris, Inc.

0.29%

Tenet Healthcare Corp.

0.29%

US Foods Holding Corp.

0.29%

Royal Gold, Inc.

0.28%

Roku, Inc.

0.28%

SoFi Technologies, Inc.

0.28%

Packaging Corporation of America

0.28%

TD SYNNEX Corp.

0.28%

Reliance, Inc.

0.28%

Woodward, Inc.

0.28%

FSMD

Everpure, Inc.

0.69%

nVent Electric Plc

0.45%

Guardant Health, Inc.

0.44%

Tenet Healthcare Corp.

0.40%

Incyte Corp.

0.38%

TD SYNNEX Corp.

0.37%

Semtech Corp.

0.36%

HF Sinclair Corp.

0.35%

Nutanix, Inc.

0.35%

Revvity, Inc.

0.35%

East West Bancorp, Inc.

0.35%

Loews Corp.

0.34%

Dynatrace, Inc.

0.34%

Reinsurance Group of America, Inc.

0.34%

Zebra Technologies Corp.

0.34%

Frequently asked questions about SMMD and FSMD

How have the SMMD and FSMD ETFs performed in 2026?

As of November 4, 2026, SMMD is up 18.51% year-to-date (YTD), while FSMD has returned 16.52%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: SMMD or FSMD?

Year-to-date, the SMMD ETF saw +$1.58B in flows, compared to +$300M for FSMD.

Which ETF is more volatile: SMMD or FSMD?

Over the past year, SMMD had a volatility of 17.02%, while FSMD experienced 14.93%.

Which ETF is bigger: SMMD or FSMD?

As of November 4, 2026, SMMD holds $4.22 B in assets under management (AUM), while FSMD manages $2.53 B.

What sectors do the SMMD and FSMD ETFs invest in?

SMMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSMD focuses on Finance, Technology and Healthcare.

What are the top holdings of the SMMD ETF and FSMD ETF?

SMMD top holdings include US4642876555, nVent Electric Plc and ATI, Inc.. FSMD holds in its top three: Everpure, Inc., nVent Electric Plc and Guardant Health, Inc..

SMMDvsFSMDETF Comparison

iShares Russell 2500 ETF

Fidelity Small-Mid Multifactor ETF

SMMD vs FSMD 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 SMMD and FSMD ETFs performed in 2026?

As of November 4, 2026, SMMD is up 18.51% year-to-date (YTD), while FSMD has returned 16.52%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: SMMD or FSMD?

Year-to-date, the SMMD ETF saw +$1.58B in flows, compared to +$300M for FSMD.

Which ETF is more volatile: SMMD or FSMD?

Over the past year, SMMD had a volatility of 17.02%, while FSMD experienced 14.93%.

Which ETF is bigger: SMMD or FSMD?

As of November 4, 2026, SMMD holds $4.22 B in assets under management (AUM), while FSMD manages $2.53 B.

What sectors do the SMMD and FSMD ETFs invest in?

SMMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSMD focuses on Finance, Technology and Healthcare.

What are the top holdings of the SMMD ETF and FSMD ETF?

SMMD top holdings include US4642876555, nVent Electric Plc and ATI, Inc.. FSMD holds in its top three: Everpure, Inc., nVent Electric Plc and Guardant Health, Inc..

Which ETF is more diversified: SMMD or FSMD?

SMMD holds 2485 securities with 45.3% of its assets in the top 15. FSMD has 597 securities and a top 15 weight of 5.83%.

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