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FSMD vs FFLV

Fidelity Small-Mid Multifactor ETF vs Fidelity Fundamental Large Cap

FSMD

Fidelity Small-Mid Multifactor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$2.4B

FFLV

Fidelity Fundamental Large Cap

Fidelity Investments

Annual cost

0.38%

Fund size

$17M

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.
  • FSMD covers north america markets; FFLV covers global.
  • FSMD follows a index tracking strategy; FFLV uses active selection.
  • FSMD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FSMDFFLV
Annual cost (TER)0.15%0.38%
Fund size (AUM)$2.4B$17M
Since20192024
Dividend yield1.25%1.48%
Asset classequityequity
Regionnorth americaglobal
Strategyindex trackingactive selection
CAGR 1Y+25.4%+28.1%
CAGR 3Y+17.8%N/A
CAGR 5Y+9.4%N/A
Sharpe 3Y0.83N/A
Volatility 1Y15.36%11.50%
Max drawdown-40.67%-16.71%

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

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