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Data as of Oct 28, 2026.

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FESM vs IJR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FESM returned +23.0% to IJR's +17.5%; 25% of their weight is in the same names.

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Net assets: $6.4bn on Sep 30, 2026 for Fidelity Enhanced Small Cap Core ETF, and $104.6bn on Oct 27, 2026 for iShares Core S&P Small-Cap ETF.

FESM on its own →IJR on its own →
At a glance
+23.0%
FESM total return, 1 year
+17.5%
IJR total return, 1 year
0.28%
FESM expense ratio
0.06%
IJR expense ratio

Pair scorecard

IJR costs 0.22 points a year less; their one-year returns differ by 5.5 points; IJR is 16.0 times larger.

FESM vs IJR: Differences, Returns & Fees
MeasureFESMIJR
Return
Total return, 1 year+23.0%+17.5%
Drawdown
Below its high5.9%, high on Aug 14, 20266.8%, high on Aug 14, 2026
Benchmark
What it tracksNo index, actively managedS&P SmallCap 600
Cost and size
Expense ratio0.28%0.06%
Net assets, as of Sep 30, 2026$6.4bn$102.6bn
Holdings
Holdings in common25%
Top ten holdings, share of the fund8.0%5.3%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

25%

By the books each fund has filed, FESM and IJR hold 25% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

0 half 100%

half

25% in common

Positions both hold · largest shared weight first FESM IJR
LIFE TIME GROUP HOLDINGS INC 0.47% 0.48%
FEDERAL SIGNAL CORP 0.42% 0.40%
MAXLINEAR INC 0.96% 0.36%
PLEXUS CORP 0.72% 0.35%
STONEX GROUP INC 0.60% 0.35%
SENSIENT TECHNOLOGIES CORP 0.53% 0.32%
ARCHROCK INC 0.40% 0.32%
ZURN ELKAY WATER SOLUTIONS CORP 0.32% 0.41%
ACI WORLDWIDE INC 0.51% 0.31%
OUTFRONT MEDIA INC 0.60% 0.31%
BALCHEM CORP 0.57% 0.31%
TENABLE HOLDINGS INC 0.76% 0.30%
Only in one fund ↓
Only in FESM
GUARDANT HEALTH INC 1.09%
ENERSYS 0.77%
HEALTHEQUITY INC 0.65%
AXSOME THERAPEUTICS INC 0.63%
GLACIER BANCORP INC 0.61%
COMMERCIAL METALS CO 0.60%
OPTION CARE HEALTH INC 0.57%
ABERCROMBIE and FITCH CO 0.56%
Only in IJR
PAYCOM SOFTWARE 0.57%
MATCH GROUP INC 0.57%
VIASAT INC 0.55%
RYMAN HOSPITALITY PROPERTIES REIT 0.51%
JACKSON FINANCIAL CLASS A 0.48%
ELEMENT SOLUTIONS INC 0.46%
RALLIANT 0.44%
CARMAX INC 0.43%
Check overlap with more funds →

Side by side

FESM Fidelity Enhanced Small Cap Core ETF IJR iShares Core S&P Small-Cap ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Actively managed Tracks the S&P SmallCap 600
Total return, 1 year +23.0% +17.5%
Its benchmark over the same days not measured +17.6% (SPSM)
Gap to its benchmark not measured −0.1 pts vs SPSM
Expense ratio 0.28% 0.06%
Already in the S&P 500 1.1% 0.0%
Holdings 779 642
Net assets, FESM as of Sep 30, 2026 and IJR as of Oct 27, 2026 $6.4bn $104.6bn

FESM and IJR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
FESM

FESM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +23.0% with distributions reinvested. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 779 positions, with the top ten at 8.0%. It sat 5.9% below its high of Aug 14, 2026 on Oct 28, 2026.

IJR

IJR tracks the S&P SmallCap 600. Over the year to Oct 28, 2026 it returned +17.5% with distributions reinvested, against +17.6% for its benchmark, the S&P SmallCap 600. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 642 positions, with the top ten at 5.3%. It sat 6.8% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FESM or IJR?
In the year to Oct 28, 2026, with distributions reinvested, FESM returned +23.0% and IJR +17.5%.
Which is cheaper, FESM or IJR?
IJR is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FESM and IJR overlap with the S&P 500?
By their latest filed holdings, 1% of FESM and 0% of IJR by weight is stocks the S&P 500 already holds.
Other comparisons
FESM vs VBFESM vs IWMFESM vs SCHAFESM vs VTWOIJR vs IJTFNDA vs IJRIJR vs SDVYIJR vs SPSM
Where to next
FESM on its own →IJR on its own →Hold both: look the portfolio through →Rankings →FESM dividend history →FESM holdings →IJR dividend history →IJR holdings →Standards and sources →
Sources and dates
FESM filings on SEC EDGAR ↗
FESM prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
IJR filings on SEC EDGAR ↗
IJR prospectus with the expense ratio (SEC) ↗
iShares page for IJR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FESM against IJR, data as of Oct 28, 2026. https://etfiq.com/compare/any/fesm-vs-ijr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.