Fidelity Small-Mid Multifactor ETF (FSMD) belongs to the Small Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FSMD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSMD
FSMD charges 0.29% annually. There are 14 ETFs in the Small Cap Growth Equities category with lower expense ratios, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BNY Mellon US Small Cap Core Equity ETF | 0.04% | 84.47M | Apr 2020 | FSMD vs BKSE | |
| Vanguard Small-Cap Growth ETF | 0.05% | 45.50B | Jan 2004 | FSMD vs VBK | |
| iShares Morningstar Small-Cap Growth ETF | 0.06% | 1.03B | Jun 2004 | FSMD vs ISCG | |
| Vanguard Russell 2000 Growth ETF | 0.06% | 1.70B | Sep 2010 | FSMD vs VTWG | |
| JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 0.07% | 2.39B | Apr 2020 | FSMD vs BBMC |
Best Risk-Adjusted Alternatives to FSMD
FSMD has a PortfoliosLab risk / return rank of 58. There are 17 ETFs in the Small Cap Growth Equities category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Small Cap Growth AlphaDEX Fund | 85 | 1.22B | Apr 2011 | FSMD vs FYC | |
| Invesco S&P SmallCap 600® Pure Growth ETF | 77 | 128.19M | Mar 2006 | FSMD vs RZG | |
| Invesco WilderHill Clean Energy ETF | 75 | 568.95M | Mar 2005 | FSMD vs PBW | |
| JPMorgan Diversified Return U.S. Small Cap Equity ... | 73 | 588.28M | Nov 2016 | FSMD vs JPSE | |
| Pacer US Small Cap Cash Cows Growth Leaders ETF | 71 | 24.50M | May 2023 | FSMD vs CAFG |
Top Performing FSMD Alternatives (YTD)
FSMD is at 17.21% YTD. There are 21 ETFs in the Small Cap Growth Equities category with higher YTD returns, going as high as 28.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco WilderHill Clean Energy ETF | 28.31% | 568.95M | Mar 2005 | FSMD vs PBW | |
| Pacer US Small Cap Cash Cows Growth Leaders ETF | 27.99% | 24.50M | May 2023 | FSMD vs CAFG | |
| Invesco S&P SmallCap 600® Pure Growth ETF | 27.46% | 128.19M | Mar 2006 | FSMD vs RZG | |
| First Trust Small Cap Growth AlphaDEX Fund | 25.16% | 1.22B | Apr 2011 | FSMD vs FYC | |
| Invesco DWA SmallCap Momentum ETF | 24.87% | 426.81M | Jul 2012 | FSMD vs DWAS |
Lowest Volatility Alternatives to FSMD
FSMD has 15.76% 1-year volatility. There are 3 ETFs in the Small Cap Growth Equities category with lower 1-year volatility, going as low as 9.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI USA Small-Cap Min Vol Factor ETF | 9.84% | 278.38M | Sep 2016 | FSMD vs SMMV | |
| First Trust SMID Growth Strength ETF | 15.24% | 27.85M | Jun 2017 | FSMD vs FSGS | |
| Franklin LibertyQ U.S. Small Cap Equity ETF | 15.28% | 49.68M | Apr 2017 | FSMD vs FLQS | |
| JPMorgan Diversified Return U.S. Small Cap Equity ... | 16.21% | 588.28M | Nov 2016 | FSMD vs JPSE | |
| John Hancock Multifactor Small Cap ETF | 16.35% | 679.88M | Nov 2017 | FSMD vs JHSC |
Lowest Drawdown Alternatives to FSMD
FSMD has a 1-year max drawdown of -8.44%. There are 3 ETFs in the Small Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI USA Small-Cap Min Vol Factor ETF | -7.02% | 278.38M | Sep 2016 | FSMD vs SMMV | |
| JPMorgan Diversified Return U.S. Small Cap Equity ... | -8.00% | 588.28M | Nov 2016 | FSMD vs JPSE | |
| Pacer US Small Cap Cash Cows Growth Leaders ETF | -8.13% | 24.50M | May 2023 | FSMD vs CAFG | |
| Invesco S&P SmallCap 600® Pure Growth ETF | -8.63% | 128.19M | Mar 2006 | FSMD vs RZG | |
| Invesco S&P SmallCap Momentum ETF | -8.89% | 3.21B | Mar 2005 | FSMD vs XSMO |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $26B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 60 | 23.56% | 21.38B | Oct 2013 | FSMD vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 64 | 8.39% | 9.77B | Sep 2016 | FSMD vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -28.83% | 13.40B | Jan 2024 | FSMD vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 35 | 0.72% | 26.06B | Oct 2014 | FSMD vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 54 | 10.75% | 10.92B | Sep 2003 | FSMD vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 46 | 10.08% | 6.91B | Jun 2020 | FSMD vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 61 | 8.65% | 7.64B | Apr 2007 | FSMD vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 28 | 6.83% | 2.35B | Oct 2013 | FSMD vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 6 | -44.11% | 994.18M | Jul 2024 | FSMD vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 32 | 2.26% | 5.76B | Nov 2023 | FSMD vs FELG |
Often Compared With FSMD
Investors most often compare FSMD with FXAIX, SMLF, IJR. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FSMD with Any Fund or Stock
Compare FSMD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSMD with funds that move differently
Fidelity Small-Mid Multifactor ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSMD.
Explore FSMD Diversifiers