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SRHQvsFSMDETF Comparison

ETF 1

SRHQ

SRH U.S. Quality GARP ETF

This fund is part of

US Multi-Factor

-1.46%

Full SRHQ fund page

VS

ETF 2

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

-1.46%

Full FSMD fund page

SRH U.S. Quality GARP ETF (SRHQ) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. SRHQ's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, FSMD's top sector exposures are Finance, Technology and Healthcare. SRHQ is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.15% for FSMD. SRHQ is up 27.07% year-to-date (YTD) with +$2M in YTD flows. FSMD performs worse with 15.14% YTD performance, and +$306M in YTD flows. Run a side-by-side ETF comparison of SRHQ 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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SRHQ 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 10/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SRHQ FSMD	+7.76%+2.04%	+4.85%-0.70%	+27.07%+15.14%	+30.20%+18.34%	+86.98%+71.40%	n/a+51.49%
Flows	SRHQ FSMD	--$40M	+$2M+$21M	+$2M+$306M	+$2M+$390M	+$18M+$1.88B	-+$1.95B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SRHQ FSMD	+13.34%+11.74%	+14.63%+14.93%	+15.72%+16.96%	n/a+18.18%
Max drawdown	SRHQ FSMD	-7.55%-7.33%	-7.55%-8.28%	-18.39%-22.27%	n/a-22.27%
Max drawdown duration	SRHQ FSMD	69d74d	69d43d	303d289d	n/a289d

Trading data

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	SRHQ	FSMD
Last sale 10/30/2026 at 1:30 PM	$50.00	$50.25
Previous close 10/30/2026	$50.02	$50.98
Consolidated volume 10/30/2026
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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	SRHQ	FSMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 1:30 PM

Live

Closed

	SRHQ	FSMD
Last price	$50.00	$50.25
1D performance	-0.05%	-1.43%
AuM	$222.82 M	$2.50 B
E/R	0.35%	0.15%

Characteristics

	SRHQ	FSMD
Management strategy	Passive	Passive
Provider	SRH Funds	Fidelity
Benchmark	SRH U.S. Quality GARP Index	Fidelity Small-Mid Multifactor Index
N° of holdings	81	597
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 5, 2022	February 26, 2019
ESG	No	No

More SRHQ data on Trackinsight

More FSMD data on Trackinsight

Exposure

Countries

SRHQ

USA

100.01%

Other

-0.01%

FSMD

USA

95.73%

Other

4.27%

Sectors

SRHQ

Healthcare

20.77%

Technology

19.59%

Finance

17.11%

Industrials

12.8%

Consumer Cyclical.

8.22%

Business Services

7.55%

Other

13.97%

FSMD

Finance

24.06%

Technology

16.36%

Healthcare

15.25%

Industrials

13.2%

Other

31.12%

Diversification

SRHQ

Total weight of top 15 holdings out of 15

27.85%

FSMD

Total weight of top 15 holdings out of 15

5.83%

Top 15 holdings

Data as of September 30, 2026

SRHQ

Humana, Inc.

2.49%

Qualys, Inc.

2.41%

Commvault Systems, Inc.

2.18%

Centene Corp.

2.14%

Nutanix, Inc.

2.09%

Insperity, Inc.

1.95%

Amneal Pharmaceuticals, Inc.

1.83%

Dropbox, Inc.

1.68%

Abercrombie & Fitch Co.

1.67%

Workday, Inc.

1.66%

Box, Inc.

1.60%

Frontdoor, Inc.

1.56%

Arcosa, Inc.

1.56%

UnitedHealth Group, Inc.

1.53%

Corpay, Inc.

1.51%

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 SRHQ and FSMD

How have the SRHQ and FSMD ETFs performed in 2026?

As of October 30, 2026, SRHQ is up 27.07% year-to-date (YTD), while FSMD has returned 15.14%. That puts SRHQ better performer ahead so far this year.

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

Year-to-date, the SRHQ ETF saw +$2M in flows, compared to +$306M for FSMD.

Which ETF is more volatile: SRHQ or FSMD?

Over the past year, SRHQ had a volatility of 14.63%, while FSMD experienced 14.93%.

Which ETF is bigger: SRHQ or FSMD?

As of October 30, 2026, SRHQ holds $222.82 M in assets under management (AUM), while FSMD manages $2.50 B.

What sectors do the SRHQ and FSMD ETFs invest in?

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

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

SRHQ top holdings include Humana, Inc., Qualys, Inc. and Commvault Systems, Inc.. FSMD holds in its top three: Everpure, Inc., nVent Electric Plc and Guardant Health, Inc..

SRHQvsFSMDETF Comparison

SRH U.S. Quality GARP ETF

Fidelity Small-Mid Multifactor ETF

SRHQ 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 SRHQ and FSMD ETFs performed in 2026?

As of October 30, 2026, SRHQ is up 27.07% year-to-date (YTD), while FSMD has returned 15.14%. That puts SRHQ better performer ahead so far this year.

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

Year-to-date, the SRHQ ETF saw +$2M in flows, compared to +$306M for FSMD.

Which ETF is more volatile: SRHQ or FSMD?

Over the past year, SRHQ had a volatility of 14.63%, while FSMD experienced 14.93%.

Which ETF is bigger: SRHQ or FSMD?

As of October 30, 2026, SRHQ holds $222.82 M in assets under management (AUM), while FSMD manages $2.50 B.

What sectors do the SRHQ and FSMD ETFs invest in?

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

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

SRHQ top holdings include Humana, Inc., Qualys, Inc. and Commvault Systems, Inc.. FSMD holds in its top three: Everpure, Inc., nVent Electric Plc and Guardant Health, Inc..

Which ETF is more diversified: SRHQ or FSMD?

SRHQ holds 81 securities with 27.85% of its assets in the top 15. FSMD has 597 securities and a top 15 weight of 5.83%.

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