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AFSM vs FSMD

First Trust Active Factor Small Cap ETF vs Fidelity Small-Mid Multifactor ETF

AFSM

First Trust Active Factor Small Cap ETF

First Trust

Annual cost

0.75%

Fund size

$94M

FSMD

Fidelity Small-Mid Multifactor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$2.4B

Key differences

  • FSMD costs 0.60% less per year.
  • FSMD is significantly larger than AFSM — larger funds tend to be more liquid and less likely to close.
  • AFSM follows a active selection strategy; FSMD uses index tracking.
  • Over the last 3 years, AFSM has delivered higher annualized returns.

Side-by-side comparison

AFSMFSMD
Annual cost (TER)0.75%0.15%
Fund size (AUM)$94M$2.4B
Since20192019
Dividend yield0.49%1.25%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+32.0%+25.4%
CAGR 3Y+19.1%+17.8%
CAGR 5Y+8.9%+9.4%
Sharpe 3Y0.800.83
Volatility 1Y17.84%15.36%
Max drawdown-43.54%-40.67%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to AFSM and FSMD