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FSMD vs AFSM

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

FSMD

Fidelity Small-Mid Multifactor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$2.4B

AFSM

First Trust Active Factor Small Cap ETF

First Trust

Annual cost

0.75%

Fund size

$94M

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.
  • FSMD follows a index tracking strategy; AFSM uses active selection.
  • Over the last 3 years, AFSM has delivered higher annualized returns.

Side-by-side comparison

FSMDAFSM
Annual cost (TER)0.15%0.75%
Fund size (AUM)$2.4B$94M
Since20192019
Dividend yield1.25%0.49%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+25.4%+32.0%
CAGR 3Y+17.8%+19.1%
CAGR 5Y+9.4%+8.9%
Sharpe 3Y0.830.80
Volatility 1Y15.36%17.84%
Max drawdown-40.67%-43.54%

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

Similar to FSMD and AFSM