KAUG vs FESM

Innovator U.S. Small Cap Power Buffer ETF - August vs Fidelity Enhanced Small Cap Core ETF

Innovator U.S. Small Cap Power Buffer ETF - August

Annual cost

0.79%

Fund size

$80M

Fidelity Enhanced Small Cap Core ETF

Annual cost

0.28%

Fund size

$5.0B

Key differences

FESM costs 0.51% less per year.
FESM is significantly larger than KAUG — larger funds tend to be more liquid and less likely to close.
KAUG is classified as alternative, while FESM is equity — different risk/return profiles.
KAUG follows a structured outcome strategy; FESM uses index enhanced.
FESM has a longer track record, which may reduce uncertainty around long-term behavior.

FFSM

Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF

IJR

iShares Core S&P Small-Cap ETF

SEIS

SEI Select Small Cap ETF

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