FESMFidelity Enhanced Small Cap Core ETF
Seeks capital appreciation.
By Fidelity Investments · Launched 2007
0.28%
#1,253 of 5,853 · low cost
$5.8B
#420 of 5,853 · large
+41.9%
18 years
#554 of 5,853 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 12.0% 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
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks capital appreciation.
- Strategy
- Invests primarily in common stocks of the small-cap segment of the U.S. equity market, targeting at least 80% of assets in the Russell 2000® Index. Utilizes a research-driven approach to select a diversified group of stocks with potential for higher total returns than the Russell 2000® Index.
- Inception date
- December 20, 2007
- Fund family
- Fidelity Investments
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You're paying active fees for an index
This fund charges active-management prices while tracking its benchmark almost perfectly (a high R²). The metrics below show how little active management you're getting for that premium: low tracking error and a fee well above the passive peer median.
- R²
- 97.2%
- TE
- 3.6%
- Beta
- 0.98
- Fee
- 2× 0.12%
Sources: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)
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 2026-08-02