FTLS vs FSMD
Comparison between FIRST TRUST LONG/SHORT EQUITY ETF (FTLS, ETF) and FIDELITY SMALL-MID MULTIFACTOR ETF (FSMD, ETF).
5-Year PerformanceFSMD has outperformed FTLS, delivering a return of +10.0% compared to +9.9%
FTLS vs FSMD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FTLS
$2.30B
Winner
FSMD
$2.40B
Expense Ratio
FTLS
1.38%
Winner
FSMD
0.15%
Max Drawdown
Winner
FTLS
20.54%
FSMD
40.93%
Sharpe Ratio
FTLS
1.22
Winner
FSMD
1.42
5Y Beta
Winner
FTLS
0.51
FSMD
0.95
P/E Ratio
FTLS
21.00
Winner
FSMD
20.12
Forward P/E
FTLS
17.51
Winner
FSMD
15.40
5Y Dividends CAGR
Winner
FTLS
34.00%
FSMD
10.63%
5Y EPS CAGR
Winner
FTLS
23.42%
FSMD
15.81%
Debt to Equity
FTLS
N/A
FSMD
29.89%
P/S Ratio
Winner
FTLS
-1.99
FSMD
1.61
P/B Ratio
FTLS
4.19
Winner
FSMD
2.63
FTLS vs FSMD - Holdings Comparison
FTLS and FSMD have 69 common holdings. Overlap is -0.67%
FTLS's top 25 holdings weight is 74.91%. FSMD's top 25 holdings weight is 16.85%.
| Rank | FTLS | FSMD |
|---|---|---|
| #1 | CASH (n/a) - 23.03% | SANDISK CORP ORDINARY SHARES (SNDK) - 3.28% |
| #2 | APPLE INC (AAPL) - 7.27% | CIENA CORP (CIEN) - 1.29% |
| #3 | NVIDIA CORP (NVDA) - 4.10% | n/a (n/a) - 1.17% |
| #4 | MICROSOFT CORP (MSFT) - 3.69% | LUMENTUM HOLDINGS INC (LITE) - 1.08% |
| #5 | ASML HOLDING NV ADR (ASML) - 2.95% | COHERENT CORP (COHR) - 0.99% |
| #6 | QUALCOMM INC (QCOM) - 2.91% | COMFORT SYSTEMS USA INC (FIX) - 0.95% |
| #7 | SANDISK CORP ORDINARY SHARES (SNDK) - 2.88% | FLEX LTD (FLEX) - 0.92% |
| #8 | ALPHABET INC CLASS A (GOOGL) - 2.68% | ANGLOGOLD ASHANTI PLC (AU) - 0.56% |
| #9 | JPMORGAN CHASE & CO (JPM) - 2.51% | EMCOR GROUP INC (EME) - 0.54% |
| #10 | BANK OF AMERICA CORP (BAC) - 2.50% | CASEY'S GENERAL STORES INC (CASY) - 0.47% |
| #11 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.25% | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 0.47% |
| #12 | CITIGROUP INC (C) - 2.15% | STERLING INFRASTRUCTURE INC (STRL) - 0.47% |
| #13 | BROADCOM INC (AVGO) - 2.14% | TECHNIPFMC PLC (FTI) - 0.46% |
| #14 | COSTCO WHOLESALE CORP (COST) - 1.98% | TAPESTRY INC (TPR) - 0.45% |
| #15 | AMAZON.COM INC (AMZN) - 1.84% | NVENT ELECTRIC PLC (NVT) - 0.44% |
| #16 | ANALOG DEVICES INC (ADI) - 1.77% | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.42% |
| #17 | CHEVRON CORP (CVX) - 1.74% | FABRINET (FN) - 0.42% |
| #18 | ADOBE INC (ADBE) - 1.60% | EVERPURE INC CLASS A (P) - 0.41% |
| #19 | ABBVIE INC (ABBV) - 1.45% | CURTISS-WRIGHT CORP (CW) - 0.40% |
| #20 | META PLATFORMS INC CLASS A (META) - 1.41% | CARPENTER TECHNOLOGY CORP (CRS) - 0.39% |
| #21 | ISHARES S&P SMALL-CAP 600 VALUE ETF (IJS) - 0.43% | ANNALY CAPITAL MANAGEMENT INC (NLY) - 0.26% |
| #22 | VANGUARD SMALL-CAP VALUE ETF (VBR) - 0.42% | EXELIXIS INC (EXEL) - 0.26% |
| #23 | FIDELITY LOW VOLATILITY FACTOR ETF (FDLO) - 0.41% | MUELLER INDUSTRIES INC (MLI) - 0.25% |
| #24 | DOLLAR GENERAL CORP (DG) - 0.41% | API GROUP CORP (APG) - 0.25% |
| #25 | KEYCORP (KEY) - 0.39% | TENET HEALTHCARE CORP (THC) - 0.25% |
| Total Holdings | 352 | 556 |
FTLS vs FSMD - Historical Returns
Returns include dividend reinvestment.
1M
FTLS
-0.08%
Winner
FSMD
+4.42%
3M
FTLS
+5.82%
Winner
FSMD
+17.32%
6M
FTLS
+4.86%
Winner
FSMD
+15.59%
1Y
FTLS
+14.08%
Winner
FSMD
+27.74%
5Y(CAGR)
FTLS
+9.94%
Winner
FSMD
+10.01%
10Y(CAGR)
FTLS
+9.78%
FSMD
N/A
Max(CAGR)
FTLS
+8.94%
Winner
FSMD
+12.12%
FTLS vs FSMD - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | FTLS | FSMD |
|---|---|---|
| 2026 | +4.40% | +16.66% |
| 2025 | +9.09% | +8.92% |
| 2024 | +19.09% | +15.63% |
| 2023 | +18.24% | +17.73% |
| 2022 | -5.23% | -11.54% |
| 2021 | +20.30% | +27.63% |
| 2020 | +2.13% | +8.61% |
| 2019 | +16.32% | +8.81% |
| 2018 | -5.41% | N/A |
| 2017 | +13.88% | N/A |
| 2016 | +7.57% | N/A |
| 2015 | +5.38% | N/A |
| 2014 | +5.71% | N/A |
FTLS vs FSMD Drawdown Comparison
The maximum drawdown for FTLS was -20.54%, occurring on Mar 23, 2020. Recovery took 135 trading sessions.
The maximum drawdown for FSMD was -40.66%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The current FTLS drawdown is -1.08%.
| Rank | FTLS | FSMD |
|---|---|---|
| #1 | -20.54% Feb 19, 2020 - Aug 31, 2020 | -40.66% Feb 19, 2020 - Nov 23, 2020 |
| #2 | -13.38% Jan 26, 2018 - Sep 17, 2019 | -22.16% Nov 25, 2024 - Sep 11, 2025 |
| #3 | -11.69% Jan 23, 2025 - Aug 27, 2025 | -20.63% Nov 16, 2021 - Dec 14, 2023 |
| #4 | -10.35% Dec 29, 2021 - Jun 2, 2023 | -8.43% Feb 26, 2026 - Apr 13, 2026 |
| #5 | -9.26% Dec 1, 2015 - Jul 26, 2016 | -7.33% May 3, 2019 - Jul 24, 2019 |
| #6 | -8.16% May 27, 2015 - Nov 24, 2015 | -7.32% Jul 31, 2024 - Aug 30, 2024 |
| #7 | -7.45% Sep 2, 2020 - Jan 7, 2021 | -7.15% Mar 28, 2024 - May 15, 2024 |
| #8 | -4.76% Feb 11, 2021 - Apr 15, 2021 | -6.03% Jul 26, 2019 - Oct 28, 2019 |
| #9 | -4.44% Jul 10, 2024 - Aug 27, 2024 | -5.92% Sep 18, 2025 - Dec 10, 2025 |
| #10 | -4.22% Mar 28, 2024 - Jun 6, 2024 | -5.53% Jun 11, 2021 - Aug 11, 2021 |
| #11 | -3.95% Sep 11, 2023 - Nov 10, 2023 | -5.44% Mar 15, 2021 - Apr 14, 2021 |
| #12 | -3.91% Sep 18, 2014 - Oct 28, 2014 | -5.01% Sep 2, 2021 - Oct 20, 2021 |
| #13 | -3.86% Aug 18, 2016 - Nov 9, 2016 | -4.72% Aug 30, 2024 - Sep 19, 2024 |
| #14 | -3.79% Feb 2, 2026 - Apr 9, 2026 | -4.70% May 7, 2021 - Jun 8, 2021 |
| #15 | -3.46% Nov 11, 2025 - Dec 24, 2025 | -4.49% Feb 24, 2021 - Mar 10, 2021 |
Correlation
Correlation between FTLS and FSMD is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2014 - 2026)
FTLS vs FSMD dividend yield comparison.
| Year | FTLS | FSMD |
|---|---|---|
| 2026 | 0.09% | 0.33% |
| 2025 | 1.07% | 1.33% |
| 2024 | 1.50% | 1.29% |
| 2023 | 1.49% | 1.37% |
| 2022 | 0.81% | 1.54% |
| 2021 | 0.01% | 1.18% |
| 2020 | 0.44% | 1.32% |
| 2019 | 0.83% | 1.37% |
| 2018 | 0.87% | 0.00% |
| 2017 | 0.43% | 0.00% |
| 2016 | 1.04% | 0.00% |
| 2015 | 0.49% | 0.00% |
| 2014 | 0.51% | 0.00% |
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