FSMD vs JMEE: Differences, Returns & Fees
FSMD and JMEE hold 47% of their weight in the same names, and JMEE returned +17.9% over the year. Net assets: $2.5bn on Sep 30, 2026 for Fidelity Small-Mid Multifactor ETF, and $2.9bn on Oct 20, 2026 for JPMorgan Small & Mid Cap Enhanced Equity ETF.
FSMD costs 0.09 points a year less; their one-year returns differ by 2.1 points.
| FSMD | JMEE | |
|---|---|---|
| Expense ratio | 0.15% | 0.24% |
| Net assets, FSMD as of Sep 30, 2026 and JMEE as of Oct 20, 2026 | $2.5bn | $2.9bn |
| Total return, 1 year | +15.8% | +17.9% |
| What it tracks | Fidelity Small-Mid Multifactor Index | No index, actively managed |
| Holdings in common | 47% | |
| Top ten holdings, share of the fund | 8.2% | 5.8% |
| Below its high | 6.2%, high on Aug 17, 2026 | 7.1%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 20, 2026.
FSMD and JMEE 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 JMEE follows No index, actively managed.
- Holdings in common. 47% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 20, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 FSMD returned +15.8% and JMEE +17.9% with distributions reinvested, a gap of 2.1 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, FSMD and JMEE hold 47% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 20, 2026.
half
47% in common
On the same fields
FSMD and JMEE on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About JMEE
JMEE is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.24% a year. By its holdings published by its issuer for Oct 20, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 679 positions, with the top ten at 5.8%. It sat 7.1% below its high of Aug 14, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, FSMD or JMEE?
- In the year to Oct 20, 2026, with distributions reinvested, FSMD returned +15.8% and JMEE +17.9%.
- Which is cheaper, FSMD or JMEE?
- FSMD is cheaper, by 0.09 percentage points a year. That is about $9 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.
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ETFIQ, FSMD against JMEE, data as of Oct 20, 2026. https://etfiq.com/compare/any/fsmd-vs-jmee
ETFIQ. (Oct 20, 2026). FSMD against JMEE. Retrieved from https://etfiq.com/compare/any/fsmd-vs-jmee
[FSMD against JMEE (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/fsmd-vs-jmee)
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