SQLTvsFSMDETF Comparison
VS
iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. SQLT's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, FSMD's top sector exposures are Finance, Healthcare and Technology. SQLT is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.15% for FSMD. Run a side-by-side ETF comparison of SQLT 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
SQLT vs FSMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SQLT FSMD | +1.59%+1.21% | -0.80%-1.16% | n/a+14.95% | n/a+15.31% | n/a+70.45% | n/a+53.39% |
| Flows | SQLT FSMD | --$10M | -+$46M | -+$331M | -+$423M | -+$1.91B | -+$1.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SQLT FSMD | +10.85%+12.17% | n/a+14.93% | n/a+16.96% | n/a+18.21% |
| Max drawdown | SQLT FSMD | -6.94%-7.33% | n/a-8.28% | n/a-22.27% | n/a-22.27% |
| Max drawdown duration | SQLT FSMD | 71d70d | n/a43d | n/a289d | n/a289d |
Trading data
SQLT | FSMD | |
Last sale 10/27/2026 at 1:30 PM | $28.23 | $50.26 |
| Previous close 10/26/2026 | $28.18 | $50.17 |
| Consolidated volume 10/26/2026 | ||
| 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
Create an account to view replication metrics
Join for free
SQLT | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
SQLT | FSMD | |
|---|---|---|
| Last price | $28.23 | $50.26 |
| 1D performance | +0.18% | +0.18% |
| AuM | $6.77 M | $2.52 B |
| E/R | 0.2% | 0.15% |
Characteristics
SQLT | FSMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Fidelity |
| Benchmark | MSCI USA Small Cap Sector Neutral Quality Index | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 487 | 599 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 31, 2026 | February 26, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
SQLT
USA
97.96%
Other
2.04%
FSMD
USA
95.78%
Other
4.22%
Sectors
SQLT
Finance
22.17%
Technology
18.59%
Healthcare
14.67%
Industrials
13.94%
Non-Energy Materi.
8.98%
Other
21.65%
FSMD
Finance
24.45%
Healthcare
15.28%
Technology
15.22%
Industrials
13.1%
Other
31.94%
Advertisement
Diversification
SQLT
Total weight of top 15 holdings out of 15
11.88%
FSMD
Total weight of top 15 holdings out of 15
5.35%
Top 15 holdings
Data as of August 31, 2026
SQLT
National Fuel Gas Co.
1.19%
Manhattan Associates, Inc.
0.96%
Royal Gold, Inc.
0.94%
TD SYNNEX Corp.
0.87%
East West Bancorp, Inc.
0.79%
Zebra Technologies Corp.
0.78%
Medpace Holdings, Inc.
0.77%
Woodward, Inc.
0.77%
Tenet Healthcare Corp.
0.75%
The New York Times Co.
0.70%
Exelixis, Inc.
0.68%
Onto Innovation, Inc.
0.67%
Jack Henry & Associates, Inc.
0.67%
BlackRock Cash Funds - Treasury
0.67%
Dynatrace, Inc.
0.67%
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 SQLT and FSMD
Which ETF is bigger: SQLT or FSMD?
As of October 26, 2026, SQLT holds $6.77 M in assets under management (AUM), while FSMD manages $2.52 B.
What sectors do the SQLT and FSMD ETFs invest in?
SQLT leans toward sectors like Finance, Technology and Healthcare. Meanwhile, FSMD focuses on Finance, Healthcare and Technology.
What are the top holdings of the SQLT ETF and FSMD ETF?
SQLT top holdings include National Fuel Gas Co., Manhattan Associates, Inc. and Royal Gold, Inc.. FSMD holds in its top three: Everpure, Inc., Tenet Healthcare Corp. and nVent Electric Plc.
Which ETF is more diversified: SQLT or FSMD?
SQLT holds 490 securities with 11.88% of its assets in the top 15. FSMD has 599 securities and a top 15 weight of 5.35%.
Advertisement
Advertisement
