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STOX vs FESM

Horizon Core Equity ETF vs Fidelity Enhanced Small Cap Core ETF

STOX

Horizon Core Equity ETF

Annual cost

0.70%

Fund size

$132M

FESM

Fidelity Enhanced Small Cap Core ETF

Annual cost

0.28%

Fund size

$5.0B

Key differences

  • FESM costs 0.42% less per year.
  • FESM is significantly larger than STOX — larger funds tend to be more liquid and less likely to close.
  • STOX is classified as alternative, while FESM is equity — different risk/return profiles.
  • STOX follows a option income strategy; FESM uses index enhanced.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

STOXFESM
Annual cost (TER)0.70%0.28%
Fund size (AUM)$132M$5.0B
Since20252007
Dividend yield0.55%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex enhanced
CAGR 1YN/A+50.7%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y18.90%
Max drawdown-9.33%-26.93%

Similar to STOX and FESM