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FESM vs FFLV

Fidelity Enhanced Small Cap Core ETF vs Fidelity Fundamental Large Cap

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

FFLV

Fidelity Fundamental Large Cap

Fidelity Investments

Annual cost

0.38%

Fund size

$17M

Key differences

  • FESM costs 0.10% less per year.
  • FESM is significantly larger than FFLV — larger funds tend to be more liquid and less likely to close.
  • FESM covers north america markets; FFLV covers global.
  • FESM follows a index enhanced strategy; FFLV uses active selection.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FESMFFLV
Annual cost (TER)0.28%0.38%
Fund size (AUM)$5.0B$17M
Since20072024
Dividend yield0.55%1.48%
Asset classequityequity
Regionnorth americaglobal
Strategyindex enhancedactive selection
CAGR 1Y+52.9%+28.1%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y19.05%11.50%
Max drawdown-26.93%-16.71%

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

Similar to FESM and FFLV