Data as of Oct 28, 2026.
FSMD vs FTGS: Differences, Returns & Fees
Over the year to Oct 28, 2026, FSMD returned +16.5% to FTGS's +5.6%; 2% of their weight is in the same names.
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Net assets: $2.5bn on Sep 30, 2026 for Fidelity Small-Mid Multifactor ETF, and $1.3bn on Oct 27, 2026 for First Trust Growth Strength ETF.
Pair scorecard
FSMD costs 0.45 points a year less; their one-year returns differ by 10.9 points.
| Measure | FSMD | FTGS |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +5.6% |
| Drawdown | ||
| Below its high | 5.3%, high on Aug 17, 2026 | 4.1%, high on Aug 13, 2026 |
| Benchmark | ||
| What it tracks | Fidelity Small-Mid Multifactor Index | Growth Strength Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.60% |
| Net assets, FSMD as of Sep 30, 2026 and FTGS as of Oct 27, 2026 | $2.5bn | $1.3bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 8.2% | 21.4% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 4, 2022 to Oct 23, 2026 · 207 weekly returnsFTGS returned more: +90.1% to +68.1%. FSMD and FTGS swung about the same: 16.0% and 16.0%. FTGS fell slightly less at its worst: −18.7% to −19.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FSMD | FTGS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.1% | +90.1% | FTGS | Price change plus distributions, reinvested. |
| Annualized | +13.9% | +17.5% | FTGS | Total return as a yearly rate. |
| Price return | +58.6% | +87.3% | FTGS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 16.0% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.8% | 10.2% | FTGS (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.7% | −18.7% | FTGS (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.61 | 0.80 | FTGS | Return above Treasury bills per unit of volatility. |
| Sortino | 0.90 | 1.26 | FTGS | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.71 | 0.94 | FTGS | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 207 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FSMD and FTGS hold 2% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
2% in common
Only in one fund ↓
Side by side
FSMD and FTGS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FSMD and FTGS are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FSMD follows Fidelity Small-Mid Multifactor Index and FTGS follows Growth Strength Index.
- Holdings in common. 2% 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 FSMD returned +16.5% and FTGS +5.6% with distributions reinvested, a gap of 10.9 points.
Data as of Oct 28, 2026.
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FSMD
FSMD tracks an index. Over the year to Oct 28, 2026 it returned +16.5% 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 5.3% below its high of Aug 17, 2026 on Oct 28, 2026.
FTGS
FTGS tracks an index. Over the year to Oct 28, 2026 it returned +5.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 21.4%. It sat 4.1% below its high of Aug 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FSMD or FTGS?
- In the year to Oct 28, 2026, with distributions reinvested, FSMD returned +16.5% and FTGS +5.6%.
- Which is cheaper, FSMD or FTGS?
- FSMD is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FSMD against FTGS, data as of Oct 28, 2026. https://etfiq.com/compare/any/fsmd-vs-ftgs
ETFIQ. (Oct 28, 2026). FSMD against FTGS. Retrieved from https://etfiq.com/compare/any/fsmd-vs-ftgs
[FSMD against FTGS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fsmd-vs-ftgs)
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