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FFLV vs FSMD

Fidelity Fundamental Large Cap vs Fidelity Small-Mid Multifactor ETF

FFLV

Fidelity Fundamental Large Cap

Fidelity Investments

Annual cost

0.38%

Fund size

$17M

FSMD

Fidelity Small-Mid Multifactor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$2.4B

Key differences

  • FSMD costs 0.23% less per year.
  • FSMD is significantly larger than FFLV — larger funds tend to be more liquid and less likely to close.
  • FFLV covers global markets; FSMD covers north america.
  • FFLV follows a active selection strategy; FSMD uses index tracking.
  • FSMD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FFLVFSMD
Annual cost (TER)0.38%0.15%
Fund size (AUM)$17M$2.4B
Since20242019
Dividend yield1.48%1.25%
Asset classequityequity
Regionglobalnorth america
Strategyactive selectionindex tracking
CAGR 1Y+28.1%+25.4%
CAGR 3YN/A+17.8%
CAGR 5YN/A+9.4%
Sharpe 3YN/A0.83
Volatility 1Y11.50%15.36%
Max drawdown-16.71%-40.67%

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

Similar to FFLV and FSMD