FESM vs. RTWP.L
Compare and contrast key facts about Fidelity Enhanced Small Cap ETF (FESM) and L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L).
FESM and RTWP.L 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. RTWP.L is a passively managed fund by Legal & General that tracks the performance of the Russell 2000 TR USD. It was launched on Sep 11, 2008.
Performance
FESM vs. RTWP.L - Performance Comparison
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FESM vs. RTWP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FESM Fidelity Enhanced Small Cap ETF | 1.59% | 17.88% | 16.22% | 12.19% |
RTWP.L L&G Russell 2000 US Small Cap UCITS ETF | 2.01% | 11.43% | 9.32% | 12.42% |
Different Trading Currencies
FESM is traded in USD, while RTWP.L is traded in GBp. To make them comparable, the RTWP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FESM achieves a 1.59% return, which is significantly lower than RTWP.L's 2.01% return.
FESM
- 1D
- 0.76%
- 1M
- -4.92%
- YTD
- 1.59%
- 6M
- 5.19%
- 1Y
- 30.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RTWP.L
- 1D
- 2.90%
- 1M
- -3.67%
- YTD
- 2.01%
- 6M
- 4.57%
- 1Y
- 23.24%
- 3Y*
- 12.89%
- 5Y*
- 4.85%
- 10Y*
- 10.29%
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FESM vs. RTWP.L - Expense Ratio Comparison
FESM has a 0.28% expense ratio, which is lower than RTWP.L's 0.30% expense ratio.
Return for Risk
FESM vs. RTWP.L — Risk / Return Rank
FESM
RTWP.L
FESM vs. RTWP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Small Cap ETF (FESM) and L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L). 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.
| FESM | RTWP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.18 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.71 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.46 | -0.19 |
Martin ratioReturn relative to average drawdown | 8.66 | 7.78 | +0.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FESM | RTWP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.18 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.59 | +0.38 |
Correlation
The correlation between FESM and RTWP.L is 0.69, 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.
Dividends
FESM vs. RTWP.L - Dividend Comparison
FESM's dividend yield for the trailing twelve months is around 0.63%, while RTWP.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FESM Fidelity Enhanced Small Cap ETF | 0.63% | 0.82% | 1.08% | 0.06% |
RTWP.L L&G Russell 2000 US Small Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FESM vs. RTWP.L - Drawdown Comparison
The maximum FESM drawdown since its inception was -26.93%, smaller than the maximum RTWP.L drawdown of -41.94%. Use the drawdown chart below to compare losses from any high point for FESM and RTWP.L.
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Drawdown Indicators
| FESM | RTWP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.93% | -35.32% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.23% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -6.52% | -4.65% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -7.11% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.61% | +0.94% |
Volatility
FESM vs. RTWP.L - Volatility Comparison
Fidelity Enhanced Small Cap ETF (FESM) has a higher volatility of 7.30% compared to L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L) at 6.36%. This indicates that FESM's price experiences larger fluctuations and is considered to be riskier than RTWP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESM | RTWP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.36% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 12.21% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.99% | 19.58% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 20.92% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 21.36% | +0.12% |