Fidelity Enhanced Small Cap ETF (FESM)

NYSE: FESMExchange-traded fund from Fidelity Investments.

  • Expense ratio0.26%
  • Net assets$6.48B
  • Dividend yield0.88%
  • 1-year return+20.63%
  • Holdings869

FESM ETF price chart

FESM quote & trading statistics

FESM performance

Total return · as of October 18, 2026
  • YTD+17.93%
  • 1 year+20.63%
  • 3 years+22.68%/yr
  • 5 years+10.08%/yr
  • 10 years+11.74%/yr
1Y volatility
18.09%
3Y volatility
19.99%
3Y Sharpe ratio
0.95

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

FESM top 10 holdings

#SymbolNameWeight
1CMCCommercial Metals Company0.80%
2OPCHOption Care Health Inc0.77%
3GKOSGlaukos Corp0.76%
4OSCROscar Health Inc0.75%
5OUTOutfront Media Inc0.73%
6FLRFluor Corporation0.71%
7ENSEnersys0.69%
8PLXSPlexus Corp0.68%
9ANFAbercrombie & Fitch Company0.67%
10HQYHealthEquity Inc0.66%

The top 10 holdings make up 7.2% of the fund (869 holdings in total). As of October 18, 2026.

FESM sector weights

Healthcare
21.7%
Technology
18.3%
Financial Services
16.7%
Industrials
14.3%
Consumer Cyclical
9.5%
Energy
5.3%
Basic Materials
4.1%
Real Estate
4.1%
Communication Services
3.2%
Utilities
1.8%
Consumer Defensive
1.3%

FESM region weights

North America
94.9%
Latin America
0.8%
Asia Developed
0.1%
Europe Developed
0.1%

FESM asset allocation

U.S. stocks
94.6%
Cash
4.1%
Non-U.S. stocks
1.1%

FESM market-cap breakdown

Micro cap
57.2%
Small cap
41.9%
Mid cap
1.4%

About Fidelity Enhanced Small Cap ETF

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000 Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally utilizing a research-driven approach identifying long-term drivers of stock returns that may include,but are not limited to, valuation, growth, quality, and other factors.

FESM ETF FAQ

What is the FESM expense ratio?

Fidelity Enhanced Small Cap ETF has a net expense ratio of 0.26%, or $26.00 a year for every $10,000 invested.

How much money is in FESM?

Fidelity Enhanced Small Cap ETF has about $6.48B in net assets.

What are the top holdings of FESM?

The largest positions in FESM are Commercial Metals Company (0.80%), Option Care Health Inc (0.77%), Glaukos Corp (0.76%). The fund holds 869 securities in total.

How has FESM performed?

FESM returned +20.63% over the past year and +10.08% a year over the past five years, including reinvested distributions.

Does FESM pay dividends?

FESM has a dividend yield of 0.88%.

When was FESM launched?

Fidelity Enhanced Small Cap ETF began trading on December 20, 2007.