FESM
Fidelity Enhanced Small Cap ETF
FESM is an actively managed fund that invests in US, small-cap companies.
US
EQUITY
Active
MANAGEMENT STYLE
$ 5.3 B
ASSETS UNDER MGMT
28 bp
EXPENSES
Fund Basics
| Inception date | Dec 20, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BLOOM ENERGY CORPORATION CLASS A | 2.4 % |
| MAXLINEAR INC-CLASS A | 1.5 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 1.4 % |
| FABRINET | 1.3 % |
| VICOR CORP | 0.8 % |
| ENERSYS | 0.8 % |
| LUMEN TECHNOLOGIES, INC. | 0.8 % |
| EXTREME NETWORKS INC | 0.7 % |
| COMMERCIAL METALS CO | 0.7 % |
| GUARDANT HEALTH, INC. | 0.7 % |
Constituent Breakdown
| Number of holdings | 688 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $4,241 |
| Large cap (>$10bn) | 8.9% |
| Mid cap ($2-10bn) | 52.5% |
| Small cap (<$2bn) | 29.0% |
| Developed mkts. | 92.1% |
| Emerging mkts. | 0.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 88.1 % |
 |
CAYMAN ISLANDS | 1.3 % |
 |
SWITZERLAND | 0.6 % |
 |
IRELAND | 0.6 % |
 |
CANADA | 0.5 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.6% | 49.9% | 24.7% | -- | -- | -- | -- | 26.6% |
| Dividend Yield | 0.0% | 0.6% | 1.1% | -- | -- | -- | -- | 1.1% |
| Total Returns | 20.6% | 50.5% | 25.8% | -- | -- | -- | -- | 27.6% | Ann. Volatility | 19.9% | 19.0% | 21.9% | -- | -- | -- | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.33 | 69% |
| MSCI EAFE | 0.89 | 51% |
| MSCI Emg Mkts | 0.64 | 45% |
Liquidity Measures
| Avg. volume (000) | 597 |
| ADV traded (mns) | $27 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $43.66 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.91/0.86 |
| Bollinger Bands (Upper/Lower) | $46.02/$42.88 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FESM |
Expenses vs. FESM |
ALTAR Score™ vs. FESM |
|---|---|---|---|---|
| RSSL | Global X Russell 2000 ETF | 40.4% | -20 bp | +0.2% |
| IWM | iShares Russell 2000 ETF | 39.6% | -9 bp | +0.1% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 38.5% | -8 bp | +1.6% |
| VTWO | Vanguard Russell 2000 ETF | 36.2% | -21 bp | +0.2% |
| IWO | iShares Russell 2000 Growth ETF | 35.0% | -4 bp | -1.7% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 32.7% | +11 bp | +1.2% |
| VTWG | Vanguard Russell 2000 Growth ETF | 31.4% | -18 bp | -1.6% |
| PSC | Principal U.S. Small-Cap ETF | 31.3% | +10 bp | +1.8% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 29.4% | +7 bp | +4.4% |
| VTWV | Vanguard Russell 2000 Value ETF | 28.9% | -18 bp | +2.0% |
Risk and Returns: FESM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
2.9%
ALTAR SCORE™
13rd
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. FESM's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places FESM in the 13rd percentile
among funds in the category.
Sell-Side Consensus
$50.93
PRICE TARGET
+11.2%
UPSIDE