FSMD
Fidelity Small-Mid Multifactor ETF
SMB
Adj. R2
0.955
Rel. Sharpe
0.972
Mkt beta
0.94
AUM
US$2.3B
MER
0.15%
Valuation
111
ETF comparison
Verified factor-similar pair
FSMD vs IJH
These two ETFs meet the same FF6 US comparison criteria: US-listed equity ETFs, the same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
SMB
Similarity score
84
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- IJH has the higher backtested relative Sharpe (1.011 vs 0.972).
- IJH has the lower published fee (0.05% vs 0.15%).
- FSMD has the stronger regression fit (adjusted R-squared 0.955 vs 0.942).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
IJH
iShares Core S&P Mid-Cap ETF
SMB
Adj. R2
0.942
Rel. Sharpe
1.011
Mkt beta
1.02
AUM
US$111.4B
MER
0.05%
Valuation
112
Factor Exposure Match
Blue bars compare raw factor beta magnitude. Green bars compare absolute t-stat strength. Dim bars indicate the t-stat is below 1.96.
SMB
diff +0.12
HML
diff +0.11
RMW
diff +0.01
CMA
diff -0.06
UMD
diff +0.10
Why This Pair Matches
Exposure level
80
Exposure shape
99
Mkt beta diff
0.08
Rel. Sharpe diff
0.039
This comparison focuses on measured factor exposure. It does not compare holdings methodology, turnover, tax handling, or issuer process. Backtested relative Sharpe is a secondary signal rather than a stand-alone forecast. See methodology.
Monthly updates
Get the next US ETF leaders update
Get one monthly email when the US leaders table refreshes, plus methodology and comparison-page updates.
Monthly leaders refresh
Download-access updates
Low-volume research notes
One monthly email when the data drop lands. This browser will remember you after signup.