FESM vs EWC
Comparison between FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF) and ISHARES MSCI CANADA ETF (EWC, ETF).
FESM vs EWC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FESM
$6B
EWC
$6B
Expense Ratio
Winner
FESM
0.28%
EWC
0.50%
Max Drawdown
Winner
FESM
27.67%
EWC
62.71%
Sharpe Ratio
Winner
FESM
1.92
EWC
1.66
5Y Beta
FESM
1.09
Winner
EWC
0.68
P/E Ratio
FESM
152.45
EWC
N/A
Forward P/E
FESM
14.55
EWC
N/A
5Y Dividends CAGR
FESM
N/A
EWC
3.80%
5Y EPS CAGR
FESM
7.06%
EWC
N/A
Debt to Equity
FESM
104.00%
EWC
N/A
P/S Ratio
FESM
1.49
EWC
N/A
P/B Ratio
FESM
1.69
EWC
N/A
FESM vs EWC - Holdings Comparison
FESM and EWC have 1 common holdings. Overlap is -0.02%
FESM's top 25 holdings weight is 18.52%. EWC's top 25 holdings weight is 71.53%.
| Rank | FESM | EWC |
|---|---|---|
| #1 | n/a (n/a) - 3.83% | ROYAL BANK OF CANADA (n/a) - 9.77% |
| #2 | FIDELITY CASH CENTRAL FUND (n/a) - 1.20% | THE TORONTO-DOMINION BANK (n/a) - 6.65% |
| #3 | COMMERCIAL METALS CO (CMC) - 0.80% | n/a (SHOP) - 5.04% |
| #4 | HEALTHEQUITY INC (HQY) - 0.72% | BANK OF MONTREAL (n/a) - 4.07% |
| #5 | PLEXUS CORP (PLXS) - 0.72% | ENBRIDGE INC (n/a) - 3.99% |
| #6 | OSCAR HEALTH INC CLASS A (OSCR) - 0.68% | BANK OF NOVA SCOTIA (n/a) - 3.59% |
| #7 | INSTALLED BUILDING PRODUCTS INC (IBP) - 0.68% | CANADIAN IMPERIAL BANK OF COMMERCE (n/a) - 3.56% |
| #8 | TENABLE HOLDINGS INC (TENB) - 0.65% | CANADIAN NATURAL RESOURCES LTD (n/a) - 2.91% |
| #9 | OPTION CARE HEALTH INC (OPCH) - 0.65% | n/a (n/a) - 2.85% |
| #10 | GRIFFON CORP (GFF) - 0.64% | CANADIAN PACIFIC KANSAS CITY LTD (CP) - 2.66% |
| #11 | n/a (PECO) - 0.64% | AGNICO EAGLE MINES LTD (n/a) - 2.40% |
| #12 | TUTOR PERINI CORP (TPC) - 0.62% | SUNCOR ENERGY INC (SU) - 2.37% |
| #13 | ENERSYS (ENS) - 0.62% | TC ENERGY CORP (TRP) - 2.33% |
| #14 | WESBANCO INC (WSBC) - 0.61% | MANULIFE FINANCIAL CORP (MFC) - 2.29% |
| #15 | BALCHEM CORP (BCPC) - 0.61% | CANADIAN NATIONAL RAILWAY CO (n/a) - 2.11% |
| #16 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.60% | NATIONAL BANK OF CANADA (n/a) - 2.07% |
| #17 | SKYWEST INC (SKYW) - 0.60% | BARRICK MINING CORP (n/a) - 2.00% |
| #18 | ACI WORLDWIDE INC (ACIW) - 0.59% | WHEATON PRECIOUS METALS CORP (WPM) - 1.61% |
| #19 | OUTFRONT MEDIA INC (OUT) - 0.59% | ALIMENTATION COUCHE-TARD INC (n/a) - 1.45% |
| #20 | KODIAK GAS SERVICES INC (KGS) - 0.58% | SUN LIFE FINANCIAL INC (SLF) - 1.44% |
| #21 | DXP ENTERPRISES INC (DXPE) - 0.38% | CAMECO CORP (n/a) - 1.30% |
| #22 | NMI HOLDINGS INC (NMIH) - 0.38% | n/a (CLS) - 1.30% |
| #23 | n/a (HRMY) - 0.38% | FRANCO-NEVADA CORP (FNV) - 1.28% |
| #24 | JOHN WILEY & SONS INC CLASS A (WLY) - 0.38% | CONSTELLATION SOFTWARE INC (n/a) - 1.27% |
| #25 | SHAKE SHACK INC CLASS A (SHAK) - 0.37% | INTACT FINANCIAL CORP (n/a) - 1.22% |
| Total Holdings | 814 | 88 |
FESM vs EWC - Historical Returns
Returns include dividend reinvestment.
1M
FESM
+2.01%
Winner
EWC
+5.04%
3M
Winner
FESM
+9.44%
EWC
+6.51%
6M
Winner
FESM
+20.25%
EWC
+11.96%
1Y
Winner
FESM
+47.36%
EWC
+31.26%
5Y(CAGR)
FESM
N/A
EWC
+12.59%
10Y(CAGR)
FESM
N/A
EWC
+11.54%
Max(CAGR)
Winner
FESM
+28.52%
EWC
+8.51%
FESM vs EWC - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FESM | EWC |
|---|---|---|
| 2026 | +27.58% | +13.65% |
| 2025 | +17.52% | +35.76% |
| 2024 | +17.18% | +13.57% |
| 2023 | +12.19% | +15.42% |
| 2022 | N/A | -13.26% |
| 2021 | N/A | +26.59% |
| 2020 | N/A | +5.20% |
| 2019 | N/A | +26.40% |
| 2018 | N/A | -17.90% |
| 2017 | N/A | +15.08% |
| 2016 | N/A | +25.63% |
| 2015 | N/A | -23.46% |
| 2014 | N/A | +1.78% |
| 2013 | N/A | +3.58% |
| 2012 | N/A | +5.93% |
| 2011 | N/A | -13.13% |
| 2010 | N/A | +17.16% |
| 2009 | N/A | +49.27% |
| 2008 | N/A | -44.93% |
| 2007 | N/A | +31.35% |
| 2006 | N/A | +14.05% |
| 2005 | N/A | +28.83% |
| 2004 | N/A | +20.40% |
| 2003 | N/A | +49.22% |
| 2002 | N/A | -11.68% |
| 2001 | N/A | -18.05% |
| 2000 | N/A | +7.41% |
| 1999 | N/A | +14.77% |
FESM vs EWC Drawdown Comparison
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The maximum drawdown for EWC was -60.77%, occurring on Mar 9, 2009. Recovery took 859 trading sessions.
The current FESM drawdown is -0.25%.
| Rank | FESM | EWC |
|---|---|---|
| #1 | -26.93% Dec 2, 2024 - Aug 27, 2025 | -60.77% Nov 6, 2007 - Apr 5, 2011 |
| #2 | -10.18% Jan 22, 2026 - Apr 14, 2026 | -51.69% Sep 5, 2000 - Nov 3, 2004 |
| #3 | -9.60% Jul 31, 2024 - Sep 19, 2024 | -42.66% Feb 19, 2020 - Nov 27, 2020 |
| #4 | -8.39% Mar 28, 2024 - Jul 11, 2024 | -41.39% Sep 3, 2014 - Nov 15, 2019 |
| #5 | -7.57% Oct 27, 2025 - Nov 28, 2025 | -28.48% Apr 8, 2011 - Jun 23, 2014 |
| #6 | -6.28% Dec 27, 2023 - Feb 12, 2024 | -24.80% Mar 30, 2022 - Jul 12, 2024 |
| #7 | -5.09% Nov 11, 2024 - Nov 25, 2024 | -14.51% Jul 19, 2007 - Sep 25, 2007 |
| #8 | -4.72% May 6, 2026 - May 26, 2026 | -13.07% May 10, 2006 - Nov 22, 2006 |
| #9 | -4.08% Oct 8, 2025 - Oct 15, 2025 | -12.96% Dec 5, 2024 - May 2, 2025 |
| #10 | -3.96% Jun 30, 2026 - Aug 4, 2026 | -11.44% Mar 24, 2000 - Jun 2, 2000 |
| #11 | -3.63% Feb 12, 2024 - Feb 15, 2024 | -9.99% Mar 8, 2005 - Jun 28, 2005 |
| #12 | -3.59% Feb 15, 2024 - Mar 1, 2024 | -9.95% Oct 3, 2005 - Dec 6, 2005 |
| #13 | -3.59% Dec 11, 2025 - Jan 6, 2026 | -8.51% Mar 2, 2026 - Apr 17, 2026 |
| #14 | -3.58% Oct 16, 2024 - Nov 6, 2024 | -8.15% Nov 12, 2021 - Mar 17, 2022 |
| #15 | -3.56% Jul 16, 2024 - Jul 26, 2024 | -6.98% Jul 25, 2000 - Aug 16, 2000 |
Correlation
Correlation between FESM and EWC is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
FESM vs EWC dividend yield comparison.
| Year | FESM | EWC |
|---|---|---|
| 2026 | 0.42% | 0.45% |
| 2025 | 0.82% | 1.45% |
| 2024 | 1.08% | 2.23% |
| 2023 | 0.06% | 2.27% |
| 2022 | 0.00% | 2.34% |
| 2021 | 0.00% | 1.85% |
| 2020 | 0.00% | 2.09% |
| 2019 | 0.00% | 2.16% |
| 2018 | 0.00% | 2.65% |
| 2017 | 0.00% | 1.97% |
| 2016 | 0.00% | 1.75% |
| 2015 | 0.00% | 2.34% |
| 2014 | 0.00% | 2.15% |
| 2013 | 0.00% | 2.37% |
| 2012 | 0.00% | 2.09% |
| 2011 | 0.00% | 2.10% |
| 2010 | 0.00% | 1.61% |
| 2009 | 0.00% | 1.25% |
| 2008 | 0.00% | 2.55% |
| 2007 | 0.00% | 1.21% |
| 2006 | 0.00% | 1.12% |
| 2005 | 0.00% | 0.68% |
| 2004 | 0.00% | 1.15% |
| 2003 | 0.00% | 1.41% |
| 2002 | 0.00% | 0.31% |
| 2001 | 0.00% | 0.80% |
| 2000 | 0.00% | 39.98% |
| 1999 | 0.00% | 0.02% |
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