DFAS vs FSMD
U.S. Small Cap Portfolio ETF Class Shares against Fidelity Small-Mid Multifactor ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
52%
526 shared positions
Fee gap
12 bp
FSMD is cheaper
1-year return gap
0.2 pts
FSMD is ahead
Larger fund
DFAS
$14.0B
Side by side
| DFAS | FSMD | |
|---|---|---|
| Fund | U.S. Small Cap Portfolio ETF Class Shares | Fidelity Small-Mid Multifactor ETF |
| Issuer | Dimensional | Fidelity |
| Category | Small Cap Blend | Multi-Factor |
| Expense ratio | 0.27% | 0.15% |
| Assets | $14.0B | $2.5B |
| Average daily dollar volume | $42M | $11M |
| Listed | — | Feb 26, 2019 |
| FrenzyCap score | 80 | 85 |
| 1-month return | −0.8% | +0.1% |
| 3-month return | −2.2% | −1.7% |
| Year to date | +13.1% | +13.6% |
| 1-year return | +14.7% | +14.9% |
| 30-day volatility | 11.2% | 10.2% |
| Worst drawdown, 1 year | −9.4% | −8.8% |
| Trailing 12-month yield | 1.02% | 1.30% |
| Holdings | 2,120 | 603 |
| Top 10 weight | 2.7% | 4.2% |
| Look-through P/E | 26.7 | 19.1 |
| Holdings vs fair value | +15.4% | +14.9% |
| Holdings above 200-day average | 55% | 57% |
| Net flow, latest 3 reported months | +$575M thru Jul 2026 | +$51M thru Jul 2026 |
| 30-day implied volatility | 15.4% | 47.0% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
52% of DFAS · 86% of FSMD| Holding | DFAS | FSMD |
|---|---|---|
| HALO | 0.31% | 0.33% |
| SWKS | 0.33% | 0.27% |
| WCC | 0.27% | 0.29% |
| AMG | 0.25% | 0.25% |
| SJM | 0.24% | 0.32% |
| BWA | 0.24% | 0.26% |
| ARW | 0.23% | 0.24% |
| CCK | 0.23% | 0.26% |
| ELAN | 0.23% | 0.24% |
| AIT | 0.28% | 0.23% |
| RGEN | 0.24% | 0.23% |
| SSB | 0.23% | 0.24% |
| BPOP | 0.23% | 0.24% |
| UMBF | 0.24% | 0.23% |
| CRL | 0.22% | 0.32% |
| WTFC | 0.22% | 0.23% |
| FCFS | 0.21% | 0.22% |
| ARMK | 0.21% | 0.31% |
| MANH | 0.21% | 0.30% |
| RRC | 0.20% | 0.25% |
| KRYS | 0.21% | 0.20% |
| PBF | 0.20% | 0.22% |
| EHC | 0.20% | 0.25% |
| RMBS | 0.20% | 0.22% |
| IDCC | 0.24% | 0.20% |
Sector mix of the stock holdings
| Sector | DFAS | FSMD | Gap |
|---|---|---|---|
| Industrials | 21.0% | 18.3% | +2.6% |
| Financials | 19.8% | 16.1% | +3.7% |
| Technology | 13.7% | 15.4% | −1.8% |
| Health Care | 10.8% | 14.0% | −3.2% |
| Consumer Discretionary | 13.0% | 11.3% | +1.7% |
| Materials | 7.0% | 5.3% | +1.6% |
| Energy | 4.2% | 3.5% | +0.7% |
| Real Estate | 0.5% | 6.8% | −6.2% |
| Utilities | 3.4% | 3.2% | +0.2% |
| Consumer Staples | 3.6% | 2.6% | +1.0% |
| Communication Services | 1.8% | 2.4% | −0.6% |
| Other | 0.4% | 0.2% | +0.2% |
More: full overlap table · DFAS holdings · FSMD holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.