FESM vs FELG
Comparison between FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF) and FIDELITY ENHANCED LARGE CAP GROWTH ETF (FELG, ETF).
FESM vs FELG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FESM
$5B
Winner
FELG
$5.30B
Expense Ratio
FESM
0.28%
Winner
FELG
0.18%
Max Drawdown
FESM
27.67%
Winner
FELG
24.08%
Sharpe Ratio
Winner
FESM
1.82
FELG
1.15
5Y Beta
Winner
FESM
1.10
FELG
1.21
P/E Ratio
FESM
62.61
Winner
FELG
35.37
Forward P/E
Winner
FESM
15.51
FELG
26.29
PEG Ratio
FESM
N/A
FELG
0.20
5Y EPS CAGR
FESM
16.29%
Winner
FELG
37.56%
Debt to Equity
FESM
48.75%
Winner
FELG
44.94%
P/S Ratio
Winner
FESM
1.22
FELG
7.36
P/B Ratio
Winner
FESM
2.59
FELG
12.28
FESM vs FELG - Holdings Comparison
FESM and FELG have 16 common holdings. Overlap is 1.27%
FESM's top 25 holdings weight is 23.10%. FELG's top 25 holdings weight is 78.13%.
| Rank | FESM | FELG |
|---|---|---|
| #1 | n/a (n/a) - 3.36% | NVIDIA CORP (NVDA) - 13.75% |
| #2 | BLOOM ENERGY CORP CLASS A (BE) - 2.40% | APPLE INC (AAPL) - 12.28% |
| #3 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 1.31% | MICROSOFT CORP (MSFT) - 7.97% |
| #4 | FABRINET (FN) - 1.16% | BROADCOM INC (AVGO) - 5.94% |
| #5 | GUARDANT HEALTH INC (GH) - 1.00% | AMAZON.COM INC (AMZN) - 4.78% |
| #6 | FIDELITY CASH CENTRAL FUND (n/a) - 0.90% | ALPHABET INC CLASS A (GOOGL) - 4.16% |
| #7 | ACM RESEARCH INC CLASS A (ACMR) - 0.81% | ALPHABET INC CLASS C (GOOG) - 3.56% |
| #8 | VICOR CORP (VICR) - 0.80% | META PLATFORMS INC CLASS A (META) - 3.43% |
| #9 | ENERSYS (ENS) - 0.79% | TESLA INC (TSLA) - 3.15% |
| #10 | LUMEN TECHNOLOGIES INC ORDINARY SHARES (LUMN) - 0.77% | ELI LILLY AND CO (LLY) - 2.25% |
| #11 | MAXLINEAR INC (MXL) - 0.76% | LAM RESEARCH CORP (LRCX) - 1.79% |
| #12 | COMMERCIAL METALS CO (CMC) - 0.73% | MASTERCARD INC CLASS A (MA) - 1.67% |
| #13 | STONEX GROUP INC (SNEX) - 0.71% | ABBVIE INC (ABBV) - 1.61% |
| #14 | KULICKE & SOFFA INDUSTRIES INC (KLIC) - 0.71% | GE AEROSPACE (GE) - 1.42% |
| #15 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.69% | VISA INC CLASS A (V) - 1.16% |
| #16 | HEALTHEQUITY INC (HQY) - 0.65% | GE VERNOVA INC (GEV) - 1.14% |
| #17 | EXTREME NETWORKS INC (EXTR) - 0.65% | AMPHENOL CORP CLASS A (APH) - 1.06% |
| #18 | TENABLE HOLDINGS INC (TENB) - 0.65% | FIDELITY CASH CENTRAL FUND (n/a) - 1.00% |
| #19 | OUTFRONT MEDIA INC (OUT) - 0.63% | ARISTA NETWORKS INC (ANET) - 0.98% |
| #20 | AXSOME THERAPEUTICS INC (AXSM) - 0.63% | UBER TECHNOLOGIES INC (UBER) - 0.88% |
| #21 | n/a (PECO) - 0.61% | COSTCO WHOLESALE CORP (COST) - 0.87% |
| #22 | PLEXUS CORP (PLXS) - 0.61% | FORTINET INC (FTNT) - 0.86% |
| #23 | VIAVI SOLUTIONS INC (VIAV) - 0.61% | ADVANCED MICRO DEVICES INC (AMD) - 0.82% |
| #24 | COEUR MINING INC (CDE) - 0.59% | SERVICENOW INC (NOW) - 0.81% |
| #25 | URBAN OUTFITTERS INC (URBN) - 0.57% | HOWMET AEROSPACE INC (HWM) - 0.79% |
| Total Holdings | 706 | 130 |
FESM vs FELG - Historical Returns
Returns include dividend reinvestment.
1M
FESM
-0.36%
Winner
FELG
+1.59%
3M
Winner
FESM
+13.05%
FELG
+9.18%
6M
Winner
FESM
+16.66%
FELG
+3.11%
1Y
Winner
FESM
+44.38%
FELG
+23.38%
Max(CAGR)
Winner
FESM
+26.23%
FELG
+24.36%
FESM vs FELG - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FESM | FELG |
|---|---|---|
| 2026 | +16.71% | +4.35% |
| 2025 | +17.52% | +18.57% |
| 2024 | +17.18% | +37.44% |
| 2023 | +12.19% | +4.20% |
FESM vs FELG Drawdown Comparison
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The maximum drawdown for FELG was -23.89%, occurring on Apr 8, 2025. Recovery took 131 trading sessions.
The current FESM drawdown is -3.30%. The current FELG drawdown is -4.64%.
| Rank | FESM | FELG |
|---|---|---|
| #1 | -26.93% Dec 2, 2024 - Aug 27, 2025 | -23.89% Dec 16, 2024 - Jun 27, 2025 |
| #2 | -10.18% Jan 22, 2026 - Apr 14, 2026 | -16.17% Oct 29, 2025 - May 6, 2026 |
| #3 | -9.60% Jul 31, 2024 - Sep 19, 2024 | -13.29% Jul 10, 2024 - Oct 14, 2024 |
| #4 | -8.39% Mar 28, 2024 - Jul 11, 2024 | -6.48% Mar 22, 2024 - May 14, 2024 |
| #5 | -7.57% Oct 27, 2025 - Nov 28, 2025 | -4.64% Jun 1, 2026 - Jun 5, 2026 |
| #6 | -6.28% Dec 27, 2023 - Feb 12, 2024 | -3.30% Oct 8, 2025 - Oct 24, 2025 |
| #7 | -5.09% Nov 11, 2024 - Nov 25, 2024 | -3.28% Oct 29, 2024 - Nov 6, 2024 |
| #8 | -4.72% May 6, 2026 - May 26, 2026 | -3.19% Dec 28, 2023 - Jan 10, 2024 |
| #9 | -4.08% Oct 8, 2025 - Oct 15, 2025 | -2.94% Nov 8, 2024 - Dec 2, 2024 |
| #10 | -3.63% Feb 12, 2024 - Feb 15, 2024 | -2.45% Aug 14, 2025 - Aug 28, 2025 |
| #11 | -3.59% Feb 15, 2024 - Mar 1, 2024 | -2.37% Feb 9, 2024 - Feb 22, 2024 |
| #12 | -3.59% Dec 11, 2025 - Jan 6, 2026 | -2.36% Jan 29, 2024 - Feb 2, 2024 |
| #13 | -3.58% Oct 16, 2024 - Nov 6, 2024 | -2.35% May 14, 2026 - May 28, 2026 |
| #14 | -3.56% Jul 16, 2024 - Jul 26, 2024 | -2.25% Jul 28, 2025 - Aug 6, 2025 |
| #15 | -3.30% May 28, 2026 - Jun 5, 2026 | -2.08% Sep 22, 2025 - Oct 8, 2025 |
Correlation
Correlation between FESM and FELG is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2023 - 2026)
FESM vs FELG dividend yield comparison.
| Year | FESM | FELG |
|---|---|---|
| 2026 | 0.21% | 0.08% |
| 2025 | 0.82% | 0.38% |
| 2024 | 1.08% | 0.44% |
| 2023 | 0.06% | 0.11% |
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