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FMCX vs FESM

FM Focus Equity ETF vs Fidelity Enhanced Small Cap Core ETF

FMCX

FM Focus Equity ETF

First Manhattan Co.

Annual cost

0.71%

Fund size

$115M

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

Key differences

  • FESM costs 0.43% less per year.
  • FESM is significantly larger than FMCX — larger funds tend to be more liquid and less likely to close.
  • FMCX follows a active selection strategy; FESM uses index enhanced.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMCXFESM
Annual cost (TER)0.71%0.28%
Fund size (AUM)$115M$5.0B
Since20222007
Dividend yield0.34%0.55%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex enhanced
CAGR 1Y+18.7%+52.9%
CAGR 3Y+17.2%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.95N/A
Volatility 1Y12.96%19.05%
Max drawdown-17.70%-26.93%

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

Similar to FMCX and FESM