# FESM (Fidelity Enhanced Small Cap Core ETF)

Fidelity · Stock ETFs · U.S. small-cap blend · data as of Oct 2, 2026

FESM is actively managed and returned +25.5% over the past year.

## Key facts

- FESM, total return, 1 year: +25.5%, as of Oct 2, 2026.
- FESM, expense ratio: 0.28%, as of Oct 2, 2026.
- FESM, holdings: 783, as of Oct 2, 2026.
- FESM, below its high: −6.4%, as of Oct 2, 2026.
- FESM, net assets: $6.5bn (the issuer’s own figure for this ETF, month end, as of Aug 31, 2026).

## FESM over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −3.9% | +3.6% | −7.5 pts | −9.2 pts |
| 6 months | +18.8% | +17.9% | +0.9 pts | −9.6 pts |
| 1 year | +25.5% | +16.2% | +9.2 pts | +1.1 pts |
| Since listing | +87.0% | +75.7% | +11.3 pts | −8.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · U.S. small-cap blend | ETFIQ |
| Expense ratio | 0.28% | 485BPOS XBRL, Oct 27, 2025 |
| Price | $45.63 | ETFIQ |
| Listed since | Nov 20, 2023 | ETFIQ |
| Net assets | $6.5bn | the issuer’s own figure for this ETF, month end, as of Aug 31, 2026 |
| Below its high | −6.4% | ETFIQ |
| Holdings | 783 | ETFIQ |
| Top ten weight | 8.1% | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 1.1% | ETFIQ |
| Active share vs the S&P 500 | 99.8% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |

## Questions

### How has FESM performed?

Over the year to Oct 2, 2026, FESM returned +25.5% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is not published.

### What does FESM cost?

The prospectus expense ratio is 0.28% a year.

### What does FESM hold?

783 positions as filed for Jun 30, 2026, with the top ten at 8.1% of the fund. 1% of its weight is in stocks the S&P 500 also holds.

### How far is FESM below its high?

6.4% below its high of Aug 14, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, FESM, data as of Oct 2, 2026. https://etfiq.com/funds/fesm
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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