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FESM vs FDHY

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

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

FDHY

Fidelity Enhanced High Yield ETF

Fidelity Investments

Annual cost

0.35%

Fund size

$497M

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.
  • FESM is classified as equity, while FDHY is fixed income — different risk/return profiles.
  • FESM follows a index enhanced strategy; FDHY uses index tracking.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FESMFDHY
Annual cost (TER)0.28%0.35%
Fund size (AUM)$5.0B$497M
Since20072018
Dividend yield0.55%6.54%
Asset classequityfixed income
Regionnorth america
Strategyindex enhancedindex tracking
CAGR 1Y+52.9%+9.3%
CAGR 3YN/A+8.9%
CAGR 5YN/A+4.0%
Sharpe 3YN/A1.01
Volatility 1Y19.05%3.76%
Max drawdown-26.93%-20.01%

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

Similar to FESM and FDHY