Which returned more over the last year, FFSM or FYC?

In the year to Oct 28, 2026, with distributions reinvested, FFSM returned +14.5% and FYC +21.7%.

Which is cheaper, FFSM or FYC?

FFSM is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FFSM and FYC overlap with the S&P 500?

By their latest filed holdings, 9% of FFSM and 0% of FYC by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FFSM vs FYC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FFSM returned +14.5% to FYC's +21.7%; 3% of their weight is in the same names.

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Net assets: $1.4bn on Sep 30, 2026 for Fidelity Fundamental Small-Mid Cap ETF, and $1.3bn on Oct 27, 2026 for First Trust Small Cap Growth AlphaDEX Fund.

FFSM on its own →FYC on its own →

At a glance

+14.5%

FFSM total return, 1 year

+21.7%

FYC total return, 1 year

0.43%

FFSM expense ratio

0.70%

FYC expense ratio

Pair scorecard

FFSM costs 0.27 points a year less; their one-year returns differ by 7.2 points.

FFSM vs FYC: Differences, Returns & Fees
Measure	FFSM	FYC
Return
Measure	FFSM	FYC
Total return, 1 year	+14.5%	+21.7%
Drawdown
Measure	FFSM	FYC
Below its high	11.3%, high on Aug 17, 2026	8.6%, high on Jun 30, 2026
Benchmark
Measure	FFSM	FYC
What it tracks	No index, actively managed	Nasdaq AlphaDEX Small Cap Growth Index
Cost and size
Measure	FFSM	FYC
Expense ratio	0.43%	0.70%
Net assets, FFSM as of Sep 30, 2026 and FYC as of Oct 27, 2026	$1.4bn	$1.3bn
Holdings
Measure	FFSM	FYC
Holdings in common	3%
Top ten holdings, share of the fund	14.0%	7.7%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Feb 12, 2021 to Oct 23, 2026 · 297 weekly returns

FFSM FYC

Return

Total return edge FFSM +62.1% +52.1%

Annualized edge FFSM +8.8% +7.6%

Price return edge FFSM +57.0% +48.8%

Risk

Volatility edge FFSM 18.8% 22.1%

Max drawdown edge FFSM −26.3% −35.1%

Risk-adjusted

Sharpe edge FFSM 0.36 0.29

Sortino edge FFSM 0.52 0.42

Calmar edge FFSM 0.34 0.22

Reading

FFSM returned more: +62.1% to +52.1%. FFSM swung less: 18.8% to 22.1%. FFSM fell less at its worst: −26.3% to −35.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FFSM vs FYC: Differences, Returns & Fees
Measure	FFSM	FYC	Edge	How it is measured
Return
Total return	+62.1%	+52.1%	FFSM	Price change plus distributions, reinvested.
Annualized	+8.8%	+7.6%	FFSM	Total return as a yearly rate.
Price return	+57.0%	+48.8%	FFSM	Price change alone, distributions left out.
Risk
Volatility	18.8%	22.1%	FFSM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.9%	15.0%	FFSM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−26.3%	−35.1%	FFSM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.36	0.29	FFSM	Return above Treasury bills per unit of volatility.
Sortino	0.52	0.42	FFSM	Return above Treasury bills per unit of downside deviation.
Calmar	0.34	0.22	FFSM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 297 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FFSM and FYC hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first FFSM FYC

INTAPP INC 0.47% 0.44%

EZCORP INC 0.31% 0.50%

NATIONAL ENERGY SERVICES REUNITED CORP 0.29% 0.42%

ATMUS FILTRATION TECHNOLOGIES INC 0.33% 0.26%

BLUE BIRD CORP 0.25% 0.26%

BRADY CORPORATION 0.49% 0.25%

AXCELIS TECHNOLOGIES INC 0.63% 0.22%

TRANSMEDICS GROUP INC 0.33% 0.21%

ADEIA INC 0.20% 0.22%

SCOTTS MIRACLE GRO CO (THE) 0.53% 0.15%

VERACYTE INC 0.15% 0.41%

ZENAS BIOPHARMA INC 0.14% 0.26%

Only in one fund ↓

Only in FFSM

IES HOLDINGS INC 1.67%

ATI INC 1.57%

TD SYNNEX CORP 1.52%

JONES LANG LASALLE INC 1.45%

PERFORMANCE FOOD GROUP CO 1.38%

FIRSTCASH HOLDINGS INC 1.34%

CARPENTER TECHNOLOGY CORP 1.31%

STERLING INFRASTRUCTURE INC 1.30%

Only in FYC

Appian Corporation 0.90%

Slide Insurance Holdings, Inc. 0.81%

Amplitude, Inc. (Class A) 0.79%

Fortrea Holdings Inc. 0.78%

Netskope, Inc. (Class A) 0.76%

FIGS, Inc. (Class A) 0.75%

First Advantage Corporation 0.75%

Heartflow, Inc. 0.74%

Check overlap with more funds →

Side by side

FFSM Fidelity Fundamental Small-Mid Cap ETF FYC First Trust Small Cap Growth AlphaDEX Fund

Where it sits Stock ETF Stock ETF

Issuer Fidelity First Trust

What it is Actively managed Tracks an index

Total return, 1 year +14.5% +21.7%

Its benchmark over the same days not measured +13.3% (IWV)

Gap to its benchmark not measured +8.4 pts vs IWV

Expense ratio 0.43% 0.70%

Already in the S&P 500 8.9% 0.0%

Holdings 216 264

Net assets, FFSM as of Sep 30, 2026 and FYC as of Oct 27, 2026 $1.4bn $1.3bn

FFSM and FYC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-436C028F21

FFSM and FYC are built for the same job. How do they differ in cost, holdings and results?

What each follows. FFSM follows No index, actively managed and FYC follows Nasdaq AlphaDEX Small Cap Growth Index.
Holdings in common. 3% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 FFSM returned +14.5% and FYC +21.7% with distributions reinvested, a gap of 7.2 points.

Data as of Oct 28, 2026.

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About each fund

FFSM

FFSM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.5% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings filed for Jul 31, 2026, 9% of the fund by weight is stocks the S&P 500 also holds, across 216 positions, with the top ten at 14.0%. It sat 11.3% below its high of Aug 17, 2026 on Oct 28, 2026.

FYC

Over the year to Oct 28, 2026 it returned +21.7% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

FYC tracks an index. The prospectus expense ratio is 0.70% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 264 positions, with the top ten at 7.7%. It sat 8.6% below its high of Jun 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FFSM or FYC?: In the year to Oct 28, 2026, with distributions reinvested, FFSM returned +14.5% and FYC +21.7%.
Which is cheaper, FFSM or FYC?: FFSM is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FFSM and FYC overlap with the S&P 500?: By their latest filed holdings, 9% of FFSM and 0% of FYC by weight is stocks the S&P 500 already holds.

Other comparisons

FFSM vs VB FFSM vs IJR FFSM vs FNX FFSM vs FYX FYC vs RSSL FYC vs FYX FYC vs NUSC FYC vs IWC

Where to next

FFSM on its own →FYC on its own →Hold both: look the portfolio through →Rankings →FFSM dividend history →FFSM holdings →FYC dividend history →FYC holdings →Standards and sources →

Sources and dates

FFSM filings on SEC EDGAR ↗

FFSM prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

FYC filings on SEC EDGAR ↗

FYC prospectus with the expense ratio (SEC) ↗

First Trust page for FYC ↗

Links are sources, not endorsements. 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, FFSM against FYC, data as of Oct 28, 2026. https://etfiq.com/compare/any/ffsm-vs-fyc

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.