Skip to content
Beacon
Screener

FESM vs FMUN

Fidelity Enhanced Small Cap Core ETF vs Fidelity Systematic Municipal Bond Index ETF

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

FMUN

Fidelity Systematic Municipal Bond Index ETF

Fidelity Investments

Annual cost

0.05%

Fund size

$178M

Key differences

  • FMUN costs 0.23% less per year.
  • FESM is significantly larger than FMUN — larger funds tend to be more liquid and less likely to close.
  • FESM is classified as equity, while FMUN is fixed income — different risk/return profiles.
  • FESM follows a index enhanced strategy; FMUN uses index tracking.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FESMFMUN
Annual cost (TER)0.28%0.05%
Fund size (AUM)$5.0B$178M
Since20072019
Dividend yield0.55%3.30%
Asset classequityfixed income
Regionnorth americanorth america
Strategyindex enhancedindex tracking
CAGR 1Y+52.9%+6.2%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y19.05%3.13%
Max drawdown-26.93%-3.21%

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

Similar to FESM and FMUN