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SMMVvsFSMDETF Comparison

ETF 1
SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

This fund is part of
US Low Volatility
-0.06%
VS
ETF 2
FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of
US Multi-Factor
-0.05%

iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) belongs to the US Low Volatility segment. Fidelity Small-Mid Multifactor ETF (FSMD) is part of the US Multi-Factor segment. SMMV's top 3 sector exposures are Health Care, Industrials and Financials. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. SMMV is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.15% for FSMD. SMMV is up 3.59% year-to-date (YTD) with -$22M in YTD flows. FSMD performs better with 9.28% YTD performance, and +$233M in YTD flows. Run a side-by-side ETF comparison of SMMV 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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SMMV vs FSMD performance and flow charts

Performance

024681012%Mar 30Apr 7Apr 14Apr 21Apr 28

Cumulative Flows

0 M10 M20 M30 MMar 30Apr 7Apr 14Apr 21Apr 28

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Historic performance and flows
Data as of 04/29/2026
1M3MYTD1Y3Y5Y
Perf.
SMMV
FSMD
+3.62%+10.53%
+1.40%+4.93%
+3.59%+9.28%
+10.22%+26.67%
+36.06%+56.84%
+26.96%+50.92%
Flows
SMMV
FSMD
-$4M+$32M
-$9M+$192M
-$22M+$233M
-$38M+$495M
-$654M+$1.83B
-$670M+$1.88B
Volatility and drawdown
3M1Y3Y5Y
Volatility
SMMV
FSMD
+10.23%+17.88%
+10.05%+15.03%
+12.29%+16.95%
+13.66%+18.31%
Max drawdown
SMMV
FSMD
-6.95%-8.28%
-6.95%-8.28%
-13.61%-22.27%
-18.06%-22.27%
Max drawdown duration
SMMV
FSMD
58d43d
58d43d
360d289d
967d289d
Trading data

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SMMV
FSMD
Last sale
4/29/2026 at 1:30 PM
$44.65
$47.95
Previous close
04/29/2026
$44.99
$48.27
Consolidated volume
04/29/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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SMMV
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 4/29/2026 at 1:30 PM
Live
Closed
SMMV
FSMD
Last price
$44.65
$47.95
1D performance
-0.76%
-0.66%
AuM$281.38 M$2.32 B
E/R0.2%0.15%
Characteristics
SMMV
FSMD
Management strategyPassivePassive
ProvideriSharesFidelity
BenchmarkMSCI USA Small Cap Minimum Volatility IndexFidelity Small-Mid Multifactor Index
N° of holdings290560
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateSeptember 7, 2016February 26, 2019
ESGNoNo
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Exposure

Countries

SMMV
USA
91.53%
Other
8.47%
FSMD
USA
92.6%
Other
7.4%

Sectors

SMMV
Health Care
15.66%
Industrials
12.32%
Financials
11.99%
Information Techn.
10.17%
Real Estate
9.86%
Consumer Staples
8.28%
Other
31.72%
FSMD
Industrials
19.48%
Financials
14.58%
Information Techn.
13.34%
Health Care
11.29%
Consumer Discreti.
10.19%
Other
31.12%
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Diversification

SMMV

Total weight of top 15 holdings out of 15

19.02%
FSMD

Total weight of top 15 holdings out of 15

9.31%

Top 15 holdings

Data as of March 31, 2026
SMMV
PINNACLE WEST
1.58%
NEW YORK TIMES
1.55%
AGREE REALTY REIT
1.46%
ROYAL GOLD
1.42%
OMEGA HEALTHCARE REIT
1.35%
IDACORP
1.30%
OGE ENERGY
1.29%
RENAISSANCERE
1.29%
CARETRUST REIT
1.25%
SERVICE
1.18%
OLD REPUBLIC
1.15%
FIRSTCASH HOLDINGS INC
1.10%
ENSIGN GROUP
1.04%
HANOVER INSURANCE GROUP
1.04%
INGREDION
1.03%
FSMD
US80004C2008
1.35%
CIENA
0.95%
LUMENTUM HOLDINGS
0.83%
COMFORT SYSTEMS USA
0.78%
US19247G1076
0.65%
GB00BRXH2664
0.62%
TECHNIPFMC PLC
0.54%
EMCOR GROUP
0.54%
TAPESTRY INC
0.51%
CASEYS GENERAL STORES
0.51%
UTD THERAPEUT
0.43%
FLEX LTD
0.43%
CURTISS WRIGHT
0.42%
APA CORPORATION
0.38%
WOODWARD
0.37%
Frequently asked questions about SMMV and FSMD

How have the SMMV and FSMD ETFs performed in 2026?

As of April 29, 2026, SMMV is up 3.59% year-to-date (YTD), while FSMD has returned 9.28%. That puts FSMD better performer ahead so far this year.

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

Year-to-date, the SMMV ETF saw -$22M in flows, compared to +$233M for FSMD.

Which ETF is more volatile: SMMV or FSMD?

Over the past year, SMMV had a volatility of 10.05%, while FSMD experienced 15.03%.

Which ETF is bigger: SMMV or FSMD?

As of April 29, 2026, SMMV holds $281.38 M in assets under management (AUM), while FSMD manages $2.32 B.

What sectors do the SMMV and FSMD ETFs invest in?

SMMV leans toward sectors like Health Care, Industrials and Financials. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.

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

SMMV top holdings include PINNACLE WEST, NEW YORK TIMES and AGREE REALTY REIT. FSMD holds in its top three: US80004C2008, CIENA and LUMENTUM HOLDINGS.

Which ETF is more diversified: SMMV or FSMD?

SMMV holds 329 securities with 19.02% of its assets in the top 15. FSMD has 595 securities and a top 15 weight of 9.31%.

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