Data as of Oct 28, 2026.
FFSM vs RSSL: Differences, Returns & Fees
Over the year to Oct 28, 2026, FFSM returned +14.5% to RSSL's +14.1%; 11% 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 $1.4bn on Oct 12, 2026 for Global X Russell 2000 ETF.
Pair scorecard
RSSL costs 0.35 points a year less; their one-year returns differ by 0.4 points.
| Measure | FFSM | RSSL |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +14.1% |
| Drawdown | ||
| Below its high | 11.3%, high on Aug 17, 2026 | 7.6%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | Russell 2000 RIC Capped Index |
| Cost and size | ||
| Expense ratio | 0.43% | 0.08% |
| Net assets, FFSM as of Sep 30, 2026 and RSSL as of Oct 12, 2026 | $1.4bn | $1.4bn |
| Holdings | ||
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 14.0% | 3.2% |
Holdings in common uses holdings dated Jul 31, 2026. Method
Risk and return
Jun 14, 2024 to Oct 23, 2026 · 123 weekly returnsRSSL returned more: +42.2% to +35.7%. FFSM swung slightly less: 18.5% to 19.7%. FFSM fell less at its worst: −21.7% to −24.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FFSM | RSSL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +35.7% | +42.2% | RSSL | Price change plus distributions, reinvested. |
| Annualized | +13.8% | +16.0% | RSSL | Total return as a yearly rate. |
| Price return | +33.7% | +37.5% | RSSL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.5% | 19.7% | FFSM (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.6% | 13.2% | FFSM (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.7% | −24.7% | FFSM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.57 | 0.64 | RSSL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 0.96 | RSSL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.64 | 0.65 | RSSL (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 123 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FFSM and RSSL hold 11% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
11% in common
Only in one fund ↓
Side by side
FFSM and RSSL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FFSM and RSSL 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 RSSL follows Russell 2000 RIC Capped Index.
- Holdings in common. 11% of the weight is in the same securities (holdings dated Jul 31, 2026).
- Number of holdings. FFSM holds 216 positions and RSSL holds 1960.
Data as of Oct 28, 2026.
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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.
RSSL
RSSL tracks an index. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,960 positions, with the top ten at 3.2%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FFSM or RSSL?
- In the year to Oct 28, 2026, with distributions reinvested, FFSM returned +14.5% and RSSL +14.1%.
- Which is cheaper, FFSM or RSSL?
- RSSL is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FFSM against RSSL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ffsm-vs-rssl
ETFIQ. (Oct 28, 2026). FFSM against RSSL. Retrieved from https://etfiq.com/compare/any/ffsm-vs-rssl
[FFSM against RSSL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ffsm-vs-rssl)
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