DBSC vs. FESM
DBSC (Deepwater Beachfront Small Cap ETF) and FESM (Fidelity Enhanced Small Cap ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. DBSC charges 0.85%/yr vs 0.28%/yr for FESM.
Performance
DBSC vs. FESM - Performance Comparison
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Returns By Period
In the year-to-date period, DBSC achieves a 5.96% return, which is significantly lower than FESM's 19.64% return.
DBSC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.96%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FESM
- 1D
- -1.51%
- 1M
- 3.13%
- YTD
- 19.64%
- 6M
- 19.11%
- 1Y
- 46.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBSC vs. FESM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBSC Deepwater Beachfront Small Cap ETF | 5.96% | -0.65% |
FESM Fidelity Enhanced Small Cap ETF | 19.64% | -0.85% |
Correlation
The correlation between DBSC and FESM is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | 0.80 |
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Return for Risk
DBSC vs. FESM — Risk / Return Rank
DBSC
FESM
DBSC vs. FESM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deepwater Beachfront Small Cap ETF (DBSC) and Fidelity Enhanced Small Cap ETF (FESM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DBSC | FESM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.29 | -0.70 |
Drawdowns
DBSC vs. FESM - Drawdown Comparison
The maximum DBSC drawdown since its inception was -16.61%, smaller than the maximum FESM drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for DBSC and FESM.
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Drawdown Indicators
| DBSC | FESM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.61% | -26.93% | +10.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.18% | — |
Current DrawdownCurrent decline from peak | -2.17% | -1.59% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.79% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.82% | — |
Volatility
DBSC vs. FESM - Volatility Comparison
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Volatility by Period
| DBSC | FESM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.36% | 18.98% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 21.26% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 21.26% | -0.90% |
DBSC vs. FESM - Expense Ratio Comparison
DBSC has a 0.85% expense ratio, which is higher than FESM's 0.28% expense ratio.
Dividends
DBSC vs. FESM - Dividend Comparison
DBSC has not paid dividends to shareholders, while FESM's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DBSC Deepwater Beachfront Small Cap ETF | 0.00% | 0.00% | 0.00% | 0.00% |
FESM Fidelity Enhanced Small Cap ETF | 0.53% | 0.82% | 1.08% | 0.06% |
Frequently Asked Questions
DBSC and FESM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FESM is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FESM is cheaper with a 0.28% expense ratio, compared with 0.85% for DBSC.
FESM has the higher dividend yield at 0.53%, compared with 0.00% for DBSC.
They also come from different issuers: Deepwater Asset Management and Fidelity. Their fees differ too: 0.85% for DBSC and 0.28% for FESM.
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