FESMFidelity Enhanced Small Cap Core ETF
Seeks capital appreciation.
By Fidelity Investments · Launched 2007
0.28%
#1,340 of 5,562 · low cost
$5.3B
#430 of 5,562 · large
+49.2%
18 years
#565 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 12.9% of fund✓ well diversified
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks capital appreciation.
- Strategy
- Invests primarily in common stocks of the Russell 2000 Index, focusing on small-cap U.S. equities. Employs a research-driven approach to identify long-term stock return drivers and uses a proprietary framework for portfolio construction and risk management.
- Inception date
- December 20, 2007
- Fund family
- Fidelity Investments
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Closet indexer — active fees, passive behavior
This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.
- R²
- 97.3%
- TE
- 3.6%
- Beta
- 0.97
- Fee
- 2× 0.12%
Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)
Why we flagged this: strategy=index_enhanced + high_r_squared+low_tracking_error+near_market_beta+fee_premium
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19