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FREL vs FESM

Fidelity MSCI Real Estate Index ETF vs Fidelity Enhanced Small Cap Core ETF

FREL

Fidelity MSCI Real Estate Index ETF

Fidelity Investments

Annual cost

0.08%

Fund size

$1.4B

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

Key differences

  • FREL costs 0.20% less per year.
  • FESM is significantly larger than FREL — larger funds tend to be more liquid and less likely to close.
  • FREL follows a index tracking strategy; FESM uses index enhanced.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FRELFESM
Annual cost (TER)0.08%0.28%
Fund size (AUM)$1.4B$5.0B
Since20152007
Dividend yield3.28%0.55%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingindex enhanced
CAGR 1Y+14.9%+52.9%
CAGR 3Y+10.4%N/A
CAGR 5Y+3.5%N/A
Sharpe 3Y0.47N/A
Volatility 1Y13.15%19.05%
Max drawdown-42.61%-26.93%

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

Similar to FREL and FESM