First Trust SMID Growth Strength ETF (FSGS) is a US mid-cap ETF. As of October 9, 2026, ETF Copilot scores FSGS 3.1 out of 10 — highest on Quality (6.9), lowest on Value (1.6). It trades at 19.0 times earnings, against its own median of 17.4. Its ten largest holdings are 14% of the fund.
What stands out in FSGS's data
Owns a focused strategy of U.S. mid-cap growth stocks.
Priced higher than most mid-cap peers — you pay a premium for each dollar of earnings.
Its trailing EBITDA multiple of 15.5x is among the priciest in the category, well above the peer median of 14.2x and its own historical median of 10.9x.
A niche portfolio sleeve for targeted mid-cap growth exposure.
Why did FSGS move this week? It rose 1.5% in the week to October 9, 2026 — PTC and Doximity drove it
FSGS rose 1.5% in the week to October 9, 2026. The holdings that moved it most were PTC (+35.0%), Doximity (+9.2%) and Veeva Systems (+8.3%); IES (−12.3%) pushed the other way.
How is FSGS rated? ETF Copilot scores First Trust SMID Growth Strength ETF (FSGS) 3.1 out of 10
As of October 9, 2026, ETF Copilot scores First Trust SMID Growth Strength ETF (FSGS) 3.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.1 / 10
- Growth: 1.9 / 10
- Value: 1.6 / 10
- Risk: 4.7 / 10
- Quality: 6.9 / 10
- Return: 1.6 / 10
Is FSGS expensive right now? It trades at 19.0 times earnings, against its own median of 17.4
As of October 9, 2026, FSGS is more expensive than 68% of its own 113 monthly readings since 2017 — 77 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FSGS? 25% Tech
What's inside FSGS: Size (Large 6%, Mid 62%, Small 33%); Geography (International 2%, US 98%); Tech 25.2%; Semiconductors 1.1%; Memory 1.1%.
What are FSGS's top holdings? The ten largest are 14% of the fund
PTC, Elastic, Abercrombie & Fitch, Veeva Systems, Halozyme Therapeutics, Doximity, Docusign, Inspire Medical Systems, Heritage Insurance and Manhattan Associates are FSGS's largest holdings, in that order.
More concentrated than 82% of US Mid Cap ETFs.
Half of FSGS's weight sits in its 43 largest positions, and once those weights are taken into account it behaves like 96 equally weighted holdings.
What is FSGS's expense ratio? 0.60% a year
As of October 9, 2026, FSGS charges 0.60% a year and holds $29M in assets across 99 positions.
| Measure | FSGS |
|---|---|
| Expense ratio | 0.60% |
| Assets under management | $29M |
| Holdings | 99 |
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.
Cite this
ETF Copilot, “First Trust SMID Growth Strength ETF (FSGS) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fsgs
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