Fidelity Enhanced Small Cap ETF (FESM)
The ETF invests primarily in small-cap stocks included in the Russell 2000® Index, using quantitative analysis to select a diversified group of stocks aiming for higher total returns than the index. It includes domestic and foreign issuers in its investment strategy.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Dec 20, 2007 |
| Category | Small Cap Blend Equities |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
FESM features an expense ratio of 0.28%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FESM vs. AVUV, FESM vs. VB, FESM vs. FCPGX, FESM vs. FELG, FESM vs. VIEIX, FESM vs. IWM, FESM vs. VIOG, FESM vs. VTWO, FESM vs. FHLC, FESM vs. GARP
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Enhanced Small Cap ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 24.77% | 25.45% |
| 1 month | 7.68% | 2.91% |
| 6 months | 18.70% | 14.05% |
| 1 year | N/A | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FESM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.14% | 6.15% | 3.02% | -6.89% | 4.72% | -0.52% | 10.34% | -0.35% | 0.80% | -1.13% | 24.77% | ||
| 2023 | -0.55% | 12.81% | 12.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Enhanced Small Cap ETF (FESM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Fidelity Enhanced Small Cap ETF provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.21 | $0.02 |
Dividend yield | 0.60% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Small Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.19 | |
| 2023 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Small Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced Small Cap ETF was 9.60%, occurring on Aug 5, 2024. Recovery took 32 trading sessions.
The current Fidelity Enhanced Small Cap ETF drawdown is 1.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.6% | Aug 1, 2024 | 3 | Aug 5, 2024 | 32 | Sep 19, 2024 | 35 |
| -8.39% | Apr 1, 2024 | 15 | Apr 19, 2024 | 56 | Jul 11, 2024 | 71 |
| -6.28% | Dec 28, 2023 | 13 | Jan 17, 2024 | 18 | Feb 12, 2024 | 31 |
| -3.63% | Feb 13, 2024 | 1 | Feb 13, 2024 | 2 | Feb 15, 2024 | 3 |
| -3.59% | Feb 16, 2024 | 3 | Feb 21, 2024 | 7 | Mar 1, 2024 | 10 |
Volatility
Volatility Chart
The current Fidelity Enhanced Small Cap ETF volatility is 7.14%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.