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TSMEvsFSMDETF Comparison
Thrivent Small-Mid Cap Equity ETF (TSME) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. TSME's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. TSME is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.15% for FSMD. TSME is up 1.2% year-to-date (YTD) with +$24M in YTD flows. FSMD performs worse with 0.37% YTD performance, and +$174M in YTD flows. Run a side-by-side ETF comparison of TSME 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.
TSME vs FSMD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME FSMD | -9.63%-4.95% | -2.91%-1.31% | +1.20%+0.37% | +27.13%+16.42% | +57.89%+48.92% | n/a+43.58% |
| Flows | TSME FSMD | +$10M+$59M | +$106M+$219M | +$24M+$174M | +$474M+$1.02B | +$621M+$1.77B | -+$1.82B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME FSMD | +19.97%+14.06% | +23.87%+19.08% | +20.84%+16.91% | n/a+18.25% |
| Max drawdown | TSME FSMD | -10.74%-6.89% | -15.37%-13.29% | -26.79%-22.27% | n/a-22.27% |
| Max drawdown duration | TSME FSMD | 17d14d | 46d46d | 255d289d | n/a289d |
TSME | FSMD | |
Last sale 3/13/2026 at 1:30 PM | $40.71 | $44.23 |
| Previous close 03/12/2026 | $40.80 | $44.23 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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TSME | FSMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
TSME | FSMD | |
|---|---|---|
| Last price | $40.71 | $44.23 |
| 1D performance | -0.22% | +0.00% |
| AuM | $867.39 M | $2.08 B |
| E/R | 0.65% | 0.15% |
TSME | FSMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Thrivent Asset Management | Fidelity |
| Benchmark | - | Fidelity Small-Mid Multifactor Index |
| N° of holdings | 57 | 546 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | February 26, 2019 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TSME and FSMD ETFs performed in 2026?
As of March 11, 2026, TSME is up 1.2% year-to-date (YTD), while FSMD has returned 0.37%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or FSMD?
Year-to-date, the TSME ETF saw +$24M in flows, compared to +$174M for FSMD.
Which ETF is more volatile: TSME or FSMD?
Over the past year, TSME had a volatility of 23.87%, while FSMD experienced 19.08%.
Which ETF is bigger: TSME or FSMD?
As of March 11, 2026, TSME holds $867.39 M in assets under management (AUM), while FSMD manages $2.08 B.
What sectors do the TSME and FSMD ETFs invest in?
TSME leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.
What are the top holdings of the TSME ETF and FSMD ETF?
TSME top holdings include BEL FUSE, MODINE MNFC CO and CECO ENVIRONMENTAL. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.
Which ETF is more diversified: TSME or FSMD?
TSME holds 58 securities with 33.7% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
Putting The Pieces Together of a Small-Mid Cap ESG ETF
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
Understanding US Multi-Factor Investing
Understanding US Multi-Factor Investing
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
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