FELG vs FESM
Comparison between FIDELITY ENHANCED LARGE CAP GROWTH ETF (FELG, ETF) and FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF).
FELG vs FESM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FELG
$5.70B
Winner
FESM
$5.80B
Expense Ratio
Winner
FELG
0.18%
FESM
0.28%
Max Drawdown
Winner
FELG
24.08%
FESM
27.67%
Sharpe Ratio
FELG
0.76
Winner
FESM
1.96
5Y Beta
FELG
1.21
Winner
FESM
1.10
P/E Ratio
Winner
FELG
36.25
FESM
255.70
Forward P/E
FELG
23.59
Winner
FESM
16.34
PEG Ratio
FELG
0.16
FESM
N/A
5Y EPS CAGR
Winner
FELG
39.63%
FESM
5.48%
Debt to Equity
Winner
FELG
41.25%
FESM
121.24%
P/S Ratio
FELG
7.71
Winner
FESM
1.20
P/B Ratio
FELG
12.60
Winner
FESM
2.34
FELG vs FESM - Holdings Comparison
FELG and FESM have 23 common holdings. Overlap is 2.03%
FELG's top 25 holdings weight is 74.41%. FESM's top 25 holdings weight is 19.83%.
| Rank | FELG | FESM |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 14.04% | n/a (n/a) - 3.76% |
| #2 | APPLE INC (AAPL) - 7.85% | FIDELITY CASH CENTRAL FUND (n/a) - 1.84% |
| #3 | ALPHABET INC CLASS A (GOOGL) - 7.38% | ACM RESEARCH INC CLASS A (ACMR) - 0.71% |
| #4 | BROADCOM INC (AVGO) - 5.65% | HEALTHEQUITY INC (HQY) - 0.70% |
| #5 | MICROSOFT CORP (MSFT) - 4.77% | KODIAK GAS SERVICES INC (KGS) - 0.68% |
| #6 | MICRON TECHNOLOGY INC (MU) - 3.65% | TENABLE HOLDINGS INC (TENB) - 0.67% |
| #7 | META PLATFORMS INC CLASS A (META) - 3.51% | ENERSYS (ENS) - 0.67% |
| #8 | ALPHABET INC CLASS C (GOOG) - 3.44% | n/a (PECO) - 0.66% |
| #9 | TESLA INC (TSLA) - 3.32% | PLEXUS CORP (PLXS) - 0.65% |
| #10 | ELI LILLY AND CO (LLY) - 2.58% | EXTREME NETWORKS INC (EXTR) - 0.64% |
| #11 | ADVANCED MICRO DEVICES INC (AMD) - 2.24% | KULICKE & SOFFA INDUSTRIES INC (KLIC) - 0.62% |
| #12 | MASTERCARD INC CLASS A (MA) - 1.78% | OUTFRONT MEDIA INC (OUT) - 0.62% |
| #13 | LAM RESEARCH CORP (LRCX) - 1.72% | STONEX GROUP INC (SNEX) - 0.62% |
| #14 | GE AEROSPACE (GE) - 1.61% | GLACIER BANCORP INC (GBCI) - 0.61% |
| #15 | VISA INC CLASS A (V) - 1.26% | COMMERCIAL METALS CO (CMC) - 0.61% |
| #16 | GE VERNOVA INC (GEV) - 1.14% | WESBANCO INC (WSBC) - 0.61% |
| #17 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.13% | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.60% |
| #18 | AMAZON.COM INC (AMZN) - 1.13% | OPTION CARE HEALTH INC (OPCH) - 0.60% |
| #19 | AMPHENOL CORP CLASS A (APH) - 1.09% | BALCHEM CORP (BCPC) - 0.58% |
| #20 | FIDELITY CASH CENTRAL FUND (n/a) - 0.92% | ACI WORLDWIDE INC (ACIW) - 0.58% |
| #21 | COSTCO WHOLESALE CORP (COST) - 0.86% | EASTERN BANKSHARES INC ORDINARY SHARES (EBC) - 0.57% |
| #22 | HOWMET AEROSPACE INC (HWM) - 0.86% | GRIFFON CORP (GFF) - 0.57% |
| #23 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 0.84% | TUTOR PERINI CORP (TPC) - 0.57% |
| #24 | APPLIED MATERIALS INC (AMAT) - 0.82% | ABERCROMBIE & FITCH CO CLASS A (ANF) - 0.55% |
| #25 | ARISTA NETWORKS INC (ANET) - 0.82% | COMMVAULT SYSTEMS INC (CVLT) - 0.54% |
| Total Holdings | 149 | 771 |
FELG vs FESM - Historical Returns
Returns include dividend reinvestment.
1M
FELG
-0.97%
Winner
FESM
+3.00%
3M
FELG
+4.73%
Winner
FESM
+15.06%
6M
FELG
+5.31%
Winner
FESM
+18.40%
1Y
FELG
+15.89%
Winner
FESM
+47.34%
Max(CAGR)
FELG
+23.14%
Winner
FESM
+28.47%
FELG vs FESM - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FELG | FESM |
|---|---|---|
| 2026 | +4.17% | +25.52% |
| 2025 | +18.57% | +17.52% |
| 2024 | +37.44% | +17.18% |
| 2023 | +4.20% | +12.19% |
FELG vs FESM Drawdown Comparison
The maximum drawdown for FELG was -23.89%, occurring on Apr 8, 2025. Recovery took 131 trading sessions.
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The current FELG drawdown is -4.80%. The current FESM drawdown is -1.55%.
| Rank | FELG | FESM |
|---|---|---|
| #1 | -23.89% Dec 16, 2024 - Jun 27, 2025 | -26.93% Dec 2, 2024 - Aug 27, 2025 |
| #2 | -16.17% Oct 29, 2025 - May 6, 2026 | -10.18% Jan 22, 2026 - Apr 14, 2026 |
| #3 | -13.29% Jul 10, 2024 - Oct 14, 2024 | -9.60% Jul 31, 2024 - Sep 19, 2024 |
| #4 | -7.36% Jun 1, 2026 - Jun 25, 2026 | -8.39% Mar 28, 2024 - Jul 11, 2024 |
| #5 | -6.48% Mar 22, 2024 - May 14, 2024 | -7.57% Oct 27, 2025 - Nov 28, 2025 |
| #6 | -3.30% Oct 8, 2025 - Oct 24, 2025 | -6.28% Dec 27, 2023 - Feb 12, 2024 |
| #7 | -3.28% Oct 29, 2024 - Nov 6, 2024 | -5.09% Nov 11, 2024 - Nov 25, 2024 |
| #8 | -3.19% Dec 28, 2023 - Jan 10, 2024 | -4.72% May 6, 2026 - May 26, 2026 |
| #9 | -2.94% Nov 8, 2024 - Dec 2, 2024 | -4.08% Oct 8, 2025 - Oct 15, 2025 |
| #10 | -2.45% Aug 14, 2025 - Aug 28, 2025 | -3.63% Feb 12, 2024 - Feb 15, 2024 |
| #11 | -2.37% Feb 9, 2024 - Feb 22, 2024 | -3.59% Feb 15, 2024 - Mar 1, 2024 |
| #12 | -2.36% Jan 29, 2024 - Feb 2, 2024 | -3.59% Dec 11, 2025 - Jan 6, 2026 |
| #13 | -2.35% May 14, 2026 - May 28, 2026 | -3.58% Oct 16, 2024 - Nov 6, 2024 |
| #14 | -2.25% Jul 28, 2025 - Aug 6, 2025 | -3.56% Jul 16, 2024 - Jul 26, 2024 |
| #15 | -2.08% Sep 22, 2025 - Oct 8, 2025 | -3.30% May 28, 2026 - Jun 11, 2026 |
Correlation
Correlation between FELG and FESM is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2023 - 2026)
FELG vs FESM dividend yield comparison.
| Year | FELG | FESM |
|---|---|---|
| 2026 | 0.18% | 0.43% |
| 2025 | 0.38% | 0.82% |
| 2024 | 0.44% | 1.08% |
| 2023 | 0.11% | 0.06% |
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