SMMVvsFSMDETF Comparison
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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. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. SMMV is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.15% for FSMD. SMMV is up 7.24% year-to-date (YTD) with -$39M in YTD flows. FSMD performs better with 13.07% YTD performance, and +$351M 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
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMV FSMD | -0.40%-1.09% | -2.14%-2.98% | +7.24%+13.07% | +9.78%+16.22% | +45.38%+60.38% | +31.83%+52.62% |
| Flows | SMMV FSMD | -$7M+$35M | -$9M+$72M | -$39M+$351M | -$41M+$439M | -$696M+$1.93B | -$659M+$2.00B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMV FSMD | +7.99%+12.28% | +9.16%+14.92% | +12.01%+17.03% | +13.47%+18.21% |
| Max drawdown | SMMV FSMD | -6.65%-7.33% | -6.95%-8.28% | -13.61%-22.27% | -18.06%-22.27% |
| Max drawdown duration | SMMV FSMD | 61d60d | 115d43d | 360d289d | 967d289d |
Trading data
SMMV | FSMD | |
Last sale 10/19/2026 at 1:50 PM | $45.76 | $49.41 |
| Previous close 10/16/2026 | $45.84 | $49.35 |
| Consolidated volume 10/16/2026 | ||
| 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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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 10/19/2026 at 1:50 PM
Live
Closed
SMMV | FSMD | |
|---|---|---|
| Last price | $45.76 | $49.41 |
| 1D performance | -0.17% | +0.12% |
| AuM | $272.94 M | $2.50 B |
| E/R | 0.2% | 0.15% |
Characteristics
SMMV | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Fidelity |
| Benchmark | MSCI USA Small Cap Minimum Volatility Index | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 357 | 599 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 7, 2016 | February 26, 2019 |
| ESG | No | No |
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Exposure
Countries
SMMV
USA
94.2%
Other
5.8%
FSMD
USA
95.78%
Other
4.22%
Sectors
SMMV
Finance
25.79%
Healthcare
16.92%
Technology
9.26%
Consumer Non-Cycl.
9.19%
Utilities
7.3%
Industrials
7.02%
Other
24.52%
FSMD
Finance
24.45%
Healthcare
15.28%
Technology
15.22%
Industrials
13.1%
Other
31.94%
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Diversification
SMMV
Total weight of top 15 holdings out of 15
16.67%
FSMD
Total weight of top 15 holdings out of 15
5.35%
Top 15 holdings
Data as of August 31, 2026
SMMV
Pinnacle West Capital Corp.
1.37%
RenaissanceRe Holdings Ltd.
1.34%
Omega Healthcare Investors, Inc.
1.33%
Agree Realty Corp.
1.28%
The Hanover Insurance Group, Inc.
1.17%
IDACORP, Inc.
1.11%
OGE Energy Corp.
1.10%
The New York Times Co.
1.10%
Service Corp. International
1.07%
CareTrust REIT, Inc.
1.04%
Chemed Corp.
0.99%
FirstCash Holdings, Inc.
0.99%
Equity LifeStyle Properties, Inc.
0.97%
BJ's Wholesale Club Holdings, Inc.
0.91%
Ingredion, Inc.
0.90%
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 SMMV and FSMD
How have the SMMV and FSMD ETFs performed in 2026?
As of October 16, 2026, SMMV is up 7.24% year-to-date (YTD), while FSMD has returned 13.07%. 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 -$39M in flows, compared to +$351M for FSMD.
Which ETF is more volatile: SMMV or FSMD?
Over the past year, SMMV had a volatility of 9.16%, while FSMD experienced 14.92%.
Which ETF is bigger: SMMV or FSMD?
As of October 16, 2026, SMMV holds $272.94 M in assets under management (AUM), while FSMD manages $2.50 B.
What sectors do the SMMV and FSMD ETFs invest in?
SMMV leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSMD focuses on Finance, Healthcare and Technology.
What are the top holdings of the SMMV ETF and FSMD ETF?
SMMV top holdings include Pinnacle West Capital Corp., RenaissanceRe Holdings Ltd. and Omega Healthcare Investors, Inc.. FSMD holds in its top three: Everpure, Inc., Tenet Healthcare Corp. and nVent Electric Plc.
Which ETF is more diversified: SMMV or FSMD?
SMMV holds 360 securities with 16.67% of its assets in the top 15. FSMD has 599 securities and a top 15 weight of 5.35%.
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