FSMD vs IWV: holdings overlap, shared companies and scores

As of September 11, 2026, FSMD and IWV overlap 5.0% by weight. Fidelity Small-Mid Multifactor ETF (FSMD): U.S. small- and mid-cap stocks. iShares Russell 3000 ETF (IWV): U.S. total market index.

Updated September 11, 2026

How much do FSMD and IWV overlap?

As of September 11, 2026, FSMD and IWV overlap 5.0% by weight.

98% of FSMD is already inside IWV.

5% of IWV is already inside FSMD.

FSMD holds 600 companies and IWV holds 2,569; 585 are in both.

Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.

How does ETF Copilot score FSMD and IWV?

As of September 11, 2026, ETF Copilot scores FSMD 4.7 out of 10 and IWV 5.2 out of 10.

They differ most on Quality: FSMD 2.7 and IWV 8.0.

The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.

FSMD vs IWV — ETF Copilot factor scores, 0–10
Factor	FSMD	IWV
Growth	3.9	3.3
Valuation	7.2	3.0
Risk	5.5	4.8
Quality	2.7	8.0
Return	4.8	7.2

FSMD is the cheaper of the two at 0.15% a year

As of September 11, 2026, FSMD charges 0.15% a year, yields 1.49% and holds $2.5B in assets across 600 positions.

As of September 11, 2026, IWV charges 0.20% a year, yields 1.11% and holds $20.5B in assets across 2569 positions.

FSMD vs IWV — cost, income and size
Measure	FSMD	IWV
Expense ratio	0.15%	0.20%
Dividend yield	1.49%	1.11%
Assets under management	$2.5B	$20.5B
Holdings	600	2569

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

Where FSMD and IWV trade against their own history

FSMD trades at 17.0 times earnings, against its own median of 16.9, and is more expensive than 52% of its own 88 monthly readings since 2019.

IWV trades at 24.7 times earnings, against its own median of 21.1, and is more expensive than 82% of its own 114 monthly readings since 2017.

What moved FSMD and IWV this week

FSMD fell 1.1% in the week to September 11, 2026. The holdings that moved it most were Medline (−11.1%), Manhattan Associates (−9.2%) and Dominos Pizza (−10.2%); Semtech (+23.5%) pushed the other way.

IWV fell 1.2% in the week to September 11, 2026. The holdings that moved it most were Nvidia (−4.4%), Microsoft (−2.8%) and Eli Lilly (−3.8%); Advanced Micro Devices (+13.1%) pushed the other way.

What do FSMD and IWV each hold?

What's inside FSMD: Tech 17%, Semiconductors 4%.

4% of FSMD is its ten largest holdings.

What's inside IWV: Tech 43%, Magnificent 7 30%.

34% of IWV is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “FSMD vs IWV holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fsmd-vs-iwv