FESM vs. GARP
Compare and contrast key facts about Fidelity Enhanced Small Cap ETF (FESM) and iShares MSCI USA Quality GARP ETF (GARP).
FESM and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FESM is an actively managed fund by Fidelity. It was launched on Dec 20, 2007. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FESM or GARP.
Key characteristics
| FESM | GARP | |
|---|---|---|
| YTD Return | 24.45% | 33.95% |
| Daily Std Dev | 20.32% | 17.99% |
| Max Drawdown | -9.60% | -31.34% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FESM and GARP is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FESM vs. GARP - Performance Comparison
In the year-to-date period, FESM achieves a 24.45% return, which is significantly lower than GARP's 33.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FESM vs. GARP - Expense Ratio Comparison
FESM has a 0.28% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
FESM vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Small Cap ETF (FESM) and iShares MSCI USA Quality GARP ETF (GARP). 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.
Not enough dataDividends
FESM vs. GARP - Dividend Comparison
FESM's dividend yield for the trailing twelve months is around 0.60%, more than GARP's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FESM Fidelity Enhanced Small Cap ETF | 0.60% | 0.06% | 0.00% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.37% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
FESM vs. GARP - Drawdown Comparison
The maximum FESM drawdown since its inception was -9.60%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for FESM and GARP. For additional features, visit the drawdowns tool.
Volatility
FESM vs. GARP - Volatility Comparison
Fidelity Enhanced Small Cap ETF (FESM) has a higher volatility of 7.00% compared to iShares MSCI USA Quality GARP ETF (GARP) at 5.82%. This indicates that FESM's price experiences larger fluctuations and is considered to be riskier than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.