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VXFvsFSMDETF Comparison

ETF 1

VXF

Vanguard Extended Market ETF

This fund is part of

US Multi-Factor

+0%

Full VXF fund page

VS

ETF 2

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

+0%

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 8.34% year-to-date (YTD) with +$1.21B in YTD flows. FSMD performs better with 11.2% YTD performance, and +$233M 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

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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VXF FSMD	+12.32%+11.37%	+3.17%+6.78%	+8.34%+11.20%	+33.79%+29.63%	+72.33%+61.21%	+28.05%+54.02%
Flows	VXF FSMD	+$225M+$37M	+$1.11B+$197M	+$1.21B+$233M	+$1.93B+$510M	+$4.45B+$1.83B	+$6.28B+$1.88B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VXF FSMD	+20.34%+17.67%	+17.59%+15.01%	+19.94%+16.94%	+22.28%+18.30%
Max drawdown	VXF FSMD	-9.09%-8.28%	-10.26%-8.28%	-26.84%-22.27%	-36.33%-22.27%
Max drawdown duration	VXF FSMD	76d43d	84d43d	265d289d	1093d289d

Trading data

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	VXF	FSMD
Last sale 4/28/2026 at 4:50 PM	$223.25	$48.22
Previous close 04/27/2026	$225.84	$48.89
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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

Main metrics

Last update 4/28/2026 at 4:50 PM

Live

Closed

	VXF	FSMD
Last price	$223.25	$48.22
1D performance	-1.15%	-1.37%
AuM	$28.32 B	$2.36 B
E/R	0.05%	0.15%

Characteristics

	VXF	FSMD
Management strategy	Passive	Passive
Provider	Vanguard	Fidelity
Benchmark	S&P Completion Index	Fidelity Small-Mid Multifactor Index
N° of holdings	2354	560
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 27, 2001	February 26, 2019
ESG	No	No

More VXF data on Trackinsight

More FSMD data on Trackinsight

Exposure

Countries

VXF

USA

91.7%

Other

8.3%

FSMD

USA

92.6%

Other

7.4%

Sectors

VXF

Information Techn.

15.82%

Industrials

15.33%

Financials

13%

Health Care

12.14%

Consumer Discreti.

9.16%

Other

34.56%

FSMD

Industrials

19.48%

Financials

14.58%

Information Techn.

13.34%

Health Care

11.29%

Consumer Discreti.

10.19%

Other

31.12%

Diversification

VXF

Total weight of top 15 holdings out of 15

8.61%

FSMD

Total weight of top 15 holdings out of 15

9.31%

Top 15 holdings

Data as of March 31, 2026

VXF

MARVELL TECHNOLOGY

1.16%

CLOUDFLARE INC

0.88%

CHENIERE ENERGY

0.82%

SNOWFLAKE INC

0.69%

US31488V1070

0.61%

ALNYLAM PHARMACEUTICALS

0.59%

MICROSTRATEGY

0.52%

ROBLOX

0.50%

BLOOM ENERGY CORP

0.47%

INSMED

0.47%

US7731211089

0.41%

CH1430134226

0.39%

TECHNIPFMC PLC

0.38%

NATERA

0.37%

CASEYS GENERAL STORES

0.36%

FSMD

US80004C2008

1.35%

CIENA

0.95%

LUMENTUM HOLDINGS

0.83%

COMFORT SYSTEMS USA

0.78%

US19247G1076

0.65%

GB00BRXH2664

0.62%

TECHNIPFMC PLC

0.54%

EMCOR GROUP

0.54%

TAPESTRY INC

0.51%

CASEYS GENERAL STORES

0.51%

UTD THERAPEUT

0.43%

FLEX LTD

0.43%

CURTISS WRIGHT

0.42%

APA CORPORATION

0.38%

WOODWARD

0.37%

Frequently asked questions about VXF and FSMD

How have the VXF and FSMD ETFs performed in 2026?

As of April 27, 2026, VXF is up 8.34% year-to-date (YTD), while FSMD has returned 11.2%. 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 +$1.21B in flows, compared to +$233M for FSMD.

Which ETF is more volatile: VXF or FSMD?

Over the past year, VXF had a volatility of 17.59%, while FSMD experienced 15.01%.

Which ETF is bigger: VXF or FSMD?

As of April 27, 2026, VXF holds $28.32 B in assets under management (AUM), while FSMD manages $2.36 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 MARVELL TECHNOLOGY, CLOUDFLARE INC and CHENIERE ENERGY. FSMD holds in its top three: US80004C2008, CIENA and LUMENTUM HOLDINGS.

VXFvsFSMDETF Comparison

Vanguard Extended Market ETF

Fidelity Small-Mid Multifactor ETF

VXF 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 VXF and FSMD ETFs performed in 2026?

As of April 27, 2026, VXF is up 8.34% year-to-date (YTD), while FSMD has returned 11.2%. 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 +$1.21B in flows, compared to +$233M for FSMD.

Which ETF is more volatile: VXF or FSMD?

Over the past year, VXF had a volatility of 17.59%, while FSMD experienced 15.01%.

Which ETF is bigger: VXF or FSMD?

As of April 27, 2026, VXF holds $28.32 B in assets under management (AUM), while FSMD manages $2.36 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 MARVELL TECHNOLOGY, CLOUDFLARE INC and CHENIERE ENERGY. FSMD holds in its top three: US80004C2008, CIENA and LUMENTUM HOLDINGS.

Which ETF is more diversified: VXF or FSMD?

VXF holds 3280 securities with 8.61% of its assets in the top 15. FSMD has 595 securities and a top 15 weight of 9.31%.

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