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FDHY vs FESM

Fidelity Enhanced High Yield ETF vs Fidelity Enhanced Small Cap Core ETF

FDHY

Fidelity Enhanced High Yield ETF

Fidelity Investments

Annual cost

0.35%

Fund size

$497M

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

Key differences

  • FESM costs 0.07% less per year.
  • FESM is significantly larger than FDHY — larger funds tend to be more liquid and less likely to close.
  • FDHY is classified as fixed income, while FESM is equity — different risk/return profiles.
  • FDHY follows a index tracking strategy; FESM uses index enhanced.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FDHYFESM
Annual cost (TER)0.35%0.28%
Fund size (AUM)$497M$5.0B
Since20182007
Dividend yield6.54%0.55%
Asset classfixed incomeequity
Regionnorth america
Strategyindex trackingindex enhanced
CAGR 1Y+9.3%+52.9%
CAGR 3Y+8.9%N/A
CAGR 5Y+4.0%N/A
Sharpe 3Y1.01N/A
Volatility 1Y3.76%19.05%
Max drawdown-20.01%-26.93%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FDHY and FESM