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VXFvsFSMDETF Comparison

ETF 1
VXF

Vanguard Extended Market ETF

This fund is part of
US Multi-Factor
-0.15%
Full VXF fund page
VS
ETF 2
FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of
US Multi-Factor
-0.15%
Full FSMD fund page

Vanguard Extended Market ETF (VXF) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. VXF's top 3 sector exposures are Information Technology, Industrials and Financials. In contrast, FSMD's top sector exposures are Industrials, Financials and Information Technology. VXF is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.15% for FSMD. VXF is up 0.44% year-to-date (YTD) with +$642M in YTD flows. FSMD performs better with 2.25% YTD performance, and +$170M in YTD flows. Run a side-by-side ETF comparison of VXF 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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VXF vs FSMD performance and flow charts

Performance

-5.0-4.0-3.0-2.0-1.00.01.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M100 M200 M300 M400 M500 M600 MFeb 11Feb 19Feb 26Mar 5

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
VXF
FSMD
-3.78%-4.57%
-3.07%-0.33%
+0.44%+2.25%
+22.89%+18.26%
+62.58%+51.71%
+21.30%+47.43%
Flows
VXF
FSMD
+$562M+$60M
+$138M+$215M
+$642M+$170M
+$1.61B+$1.01B
+$3.97B+$1.77B
+$6.25B+$1.82B
Volatility and drawdown
3M1Y3Y5Y
Volatility
VXF
FSMD
+16.91%+13.66%
+22.97%+18.99%
+19.90%+16.88%
+22.28%+18.23%
Max drawdown
VXF
FSMD
-5.96%-5.58%
-17.18%-13.29%
-26.84%-22.27%
-36.33%-22.27%
Max drawdown duration
VXF
FSMD
48d13d
46d46d
265d289d
1093d289d
Trading data

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VXF
FSMD
Last sale
3/12/2026 at 1:30 PM
$205.45
$44.31
Previous close
03/11/2026
$210.00
$45.13
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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VXF
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 3/12/2026 at 1:30 PM
Live
Closed
VXF
FSMD
Last price
$205.45
$44.31
1D performance
-2.17%
-1.82%
AuM$25.76 B$2.12 B
E/R0.05%0.15%
Characteristics
VXF
FSMD
Management strategyPassivePassive
ProviderVanguardFidelity
BenchmarkS&P Completion IndexFidelity Small-Mid Multifactor Index
N° of holdings2396546
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateDecember 27, 2001February 26, 2019
ESGNoNo
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Exposure

Countries

VXF
USA
92.13%
Other
7.87%
FSMD
USA
92.39%
Other
7.61%

Sectors

VXF
Information Techn.
16.35%
Industrials
15.97%
Financials
13.39%
Health Care
12.07%
Consumer Discreti.
9.44%
Other
32.79%
FSMD
Industrials
20.07%
Financials
15.72%
Information Techn.
13.59%
Consumer Discreti.
11.33%
Health Care
10.81%
Other
28.48%
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Diversification

VXF

Total weight of top 15 holdings out of 15

8.66%
FSMD

Total weight of top 15 holdings out of 15

7.83%

Top 15 holdings

Data as of January 31, 2026
VXF
VERTIV HOLDINGS
0.90%
MARVELL TECHNOLOGY
0.86%
SNOWFLAKE INC
0.82%
CLOUDFLARE INC
0.70%
US31488V1070
0.62%
CHENIERE ENERGY
0.57%
ALNYLAM PHARMACEUTICALS
0.56%
ROBLOX
0.54%
MICROSTRATEGY
0.50%
US7731211089
0.47%
CIENA
0.45%
INSMED
0.42%
US19247G1076
0.42%
BLOOM ENERGY CORP
0.41%
NATERA
0.40%
FSMD
GB00BRXH2664
0.92%
CIENA
0.75%
COMFORT SYSTEMS USA
0.72%
EMCOR GROUP
0.56%
TAPESTRY INC
0.48%
FLEX LTD
0.48%
TECHNIPFMC PLC
0.47%
UTD THERAPEUT
0.46%
CURTISS WRIGHT
0.45%
PURE STORAGE
0.44%
ROYAL GOLD
0.44%
CASEYS GENERAL STORES
0.43%
CH ROBINSON WW
0.42%
US75734B1008
0.41%
KRATOS DEFENSE AND SECURITY SOLS
0.39%
Frequently asked questions about VXF and FSMD

How have the VXF and FSMD ETFs performed in 2026?

As of March 11, 2026, VXF is up 0.44% year-to-date (YTD), while FSMD has returned 2.25%. That puts FSMD better performer ahead so far this year.

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

Year-to-date, the VXF ETF saw +$642M in flows, compared to +$170M for FSMD.

Which ETF is more volatile: VXF or FSMD?

Over the past year, VXF had a volatility of 22.97%, while FSMD experienced 18.99%.

Which ETF is bigger: VXF or FSMD?

As of March 11, 2026, VXF holds $25.76 B in assets under management (AUM), while FSMD manages $2.12 B.

What sectors do the VXF and FSMD ETFs invest in?

VXF leans toward sectors like Information Technology, Industrials and Financials. Meanwhile, FSMD focuses on Industrials, Financials and Information Technology.

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

VXF top holdings include VERTIV HOLDINGS, MARVELL TECHNOLOGY and SNOWFLAKE INC. FSMD holds in its top three: GB00BRXH2664, CIENA and COMFORT SYSTEMS USA.

Which ETF is more diversified: VXF or FSMD?

VXF holds 3286 securities with 8.66% of its assets in the top 15. FSMD has 584 securities and a top 15 weight of 7.83%.

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