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FESM vs FMUB

Fidelity Enhanced Small Cap Core ETF vs Fidelity Municipal Bond Opportunities ETF

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

FMUB

Fidelity Municipal Bond Opportunities ETF

Fidelity Investments

Annual cost

0.30%

Fund size

$190M

Key differences

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

Side-by-side comparison

FESMFMUB
Annual cost (TER)0.28%0.30%
Fund size (AUM)$5.0B$190M
Since20072023
Dividend yield0.55%3.32%
Asset classequityfixed income
Regionnorth americanorth america
Strategyindex enhancedindex tracking
CAGR 1Y+52.9%+6.9%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y19.05%2.68%
Max drawdown-26.93%-2.49%

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

Similar to FESM and FMUB