FLQM vs FSMD: Differences, Returns & Fees
FLQM and FSMD hold 16% of their weight in the same names, and FSMD returned +15.8% over the year. Net assets: $1.5bn on Oct 20, 2026 for Franklin U.S. Mid Cap Multifactor Index ETF, and $2.5bn on Sep 30, 2026 for Fidelity Small-Mid Multifactor ETF.
FSMD costs 0.15 points a year less; their one-year returns differ by 5.5 points.
| FLQM | FSMD | |
|---|---|---|
| Expense ratio | 0.30% | 0.15% |
| Net assets, FLQM as of Oct 20, 2026 and FSMD as of Sep 30, 2026 | $1.5bn | $2.5bn |
| Total return, 1 year | +10.3% | +15.8% |
| What it tracks | not read by ETFIQ | Fidelity Small-Mid Multifactor Index |
| Holdings in common | 16% | |
| Top ten holdings, share of the fund | 11.3% | 8.2% |
| Below its high | 6.2%, high on Aug 17, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.
FLQM and FSMD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FLQM follows not read by ETFIQ and FSMD follows Fidelity Small-Mid Multifactor Index.
- Holdings in common. 16% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 FLQM returned +10.3% and FSMD +15.8% with distributions reinvested, a gap of 5.5 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.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
What they hold in common
By the books each fund has filed, FLQM and FSMD hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
16% in common
On the same fields
FLQM and FSMD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FLQM
FLQM tracks an index. Over the year to Oct 20, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 68% of the fund by weight is stocks the S&P 500 also holds, across 205 positions, with the top ten at 11.3%.
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, FLQM or FSMD?
- In the year to Oct 20, 2026, with distributions reinvested, FLQM returned +10.3% and FSMD +15.8%.
- Which is cheaper, FLQM or FSMD?
- FSMD is cheaper, by 0.15 percentage points a year. That is about $15 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, FLQM against FSMD, data as of Oct 20, 2026. https://etfiq.com/compare/any/flqm-vs-fsmd
ETFIQ. (Oct 20, 2026). FLQM against FSMD. Retrieved from https://etfiq.com/compare/any/flqm-vs-fsmd
[FLQM against FSMD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/flqm-vs-fsmd)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.