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FESM vs FLTB

Fidelity Enhanced Small Cap Core ETF vs Fidelity Limited Term Bond ETF

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

FLTB

Fidelity Limited Term Bond ETF

Fidelity Investments

Annual cost

0.25%

Fund size

$389M

Key differences

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

Side-by-side comparison

FESMFLTB
Annual cost (TER)0.28%0.25%
Fund size (AUM)$5.0B$389M
Since20072014
Dividend yield0.55%4.36%
Asset classequityfixed income
Regionnorth americanorth america
Strategyindex enhancedindex tracking
CAGR 1Y+52.9%+4.7%
CAGR 3YN/A+5.3%
CAGR 5YN/A+2.2%
Sharpe 3YN/A0.67
Volatility 1Y19.05%2.14%
Max drawdown-26.93%-9.37%

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

Similar to FESM and FLTB