CGMM vs FSMD: Differences, Returns & Fees
CGMM and FSMD hold 9% of their weight in the same names, and FSMD returned +15.8% over the year. Net assets: $3.5bn on Oct 19, 2026 for Capital Group U.S. Small and Mid Cap ETF, and $2.5bn on Sep 30, 2026 for Fidelity Small-Mid Multifactor ETF.
FSMD costs 0.36 points a year less; their one-year returns differ by 4.7 points; CGMM is 1.4 times larger.
| CGMM | FSMD | |
|---|---|---|
| Expense ratio | 0.51% | 0.15% |
| Net assets, as of Sep 30, 2026 | $3.4bn | $2.5bn |
| Total return, 1 year | +11.1% | +15.8% |
| What it tracks | No index, actively managed | Fidelity Small-Mid Multifactor Index |
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 18.7% | 8.2% |
| Below its high | 6.8%, high on Aug 13, 2026 | 6.2%, high on Aug 17, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
CGMM and FSMD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. CGMM follows No index, actively managed and FSMD follows Fidelity Small-Mid Multifactor Index.
- Holdings in common. 9% of the weight is in the same securities (holdings dated May 31, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 CGMM returned +11.1% and FSMD +15.8% with distributions reinvested, a gap of 4.7 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, CGMM and FSMD hold 9% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
9% in common
On the same fields
CGMM and FSMD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About CGMM
CGMM is actively managed and tracks no index. The prospectus expense ratio is 0.51% a year. By its holdings filed for May 31, 2026, 45% of the fund by weight is stocks the S&P 500 also holds, across 114 positions, with the top ten at 18.7%. It sat 6.8% below its high of Aug 13, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +11.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About FSMD
FSMD tracks an index. Over the year to Oct 20, 2026 it returned +15.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 586 positions, with the top ten at 8.2%. It sat 6.2% below its high of Aug 17, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, CGMM or FSMD?
- In the year to Oct 20, 2026, with distributions reinvested, CGMM returned +11.1% and FSMD +15.8%.
- Which is cheaper, CGMM or FSMD?
- FSMD is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, CGMM against FSMD, data as of Oct 20, 2026. https://etfiq.com/compare/any/cgmm-vs-fsmd
ETFIQ. (Oct 20, 2026). CGMM against FSMD. Retrieved from https://etfiq.com/compare/any/cgmm-vs-fsmd
[CGMM against FSMD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/cgmm-vs-fsmd)
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