FESM vs SRLN

Comparison between FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF) and SPDR BLACKSTONE SENIOR LOAN ETF (SRLN, ETF).

FESM vs SRLN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FESM(ETF)	SRLN(ETF)
Net Assets	$5B	$5B
Expense Ratio	0.28%	0.70%
Max Drawdown	27.67%	28.37%
Sharpe Ratio	2.05	0.69
5Y Beta	1.10	0.15
P/E Ratio	62.61	N/A
Forward P/E	15.63	N/A
5Y Dividends CAGR	N/A	7.09%
5Y EPS CAGR	16.29%	N/A
Debt to Equity	48.75%	N/A
P/S Ratio	1.22	N/A
P/B Ratio	2.59	N/A

Net Assets

FESM

$5B

SRLN

$5B

Expense Ratio

Winner

FESM

0.28%

SRLN

0.70%

Max Drawdown

Winner

FESM

27.67%

SRLN

28.37%

Sharpe Ratio

Winner

FESM

2.05

SRLN

0.69

5Y Beta

FESM

1.10

Winner

SRLN

0.15

P/E Ratio

FESM

62.61

SRLN

N/A

Forward P/E

FESM

15.63

SRLN

N/A

5Y Dividends CAGR

FESM

N/A

SRLN

7.09%

5Y EPS CAGR

FESM

16.29%

SRLN

N/A

Debt to Equity

FESM

48.75%

SRLN

N/A

P/S Ratio

FESM

1.22

SRLN

N/A

P/B Ratio

FESM

2.59

SRLN

N/A

FESM vs SRLN - Historical Returns

Returns include dividend reinvestment.

Period	FESM	SRLN
1 month	+3.58%	+0.30%
3 months	+12.76%	+3.74%
6 months	+21.79%	+1.62%
1 year	+49.71%	+5.64%
5 years(CAGR)	N/A	+4.64%
10 years(CAGR)	N/A	+4.54%
Max(CAGR)	+27.58%	+3.79%

Winner

FESM

+3.58%

SRLN

+0.30%

Winner

FESM

+12.76%

SRLN

+3.74%

Winner

FESM

+21.79%

SRLN

+1.62%

Winner

FESM

+49.71%

SRLN

+5.64%

5Y(CAGR)

FESM

N/A

SRLN

+4.64%

10Y(CAGR)

FESM

N/A

SRLN

+4.54%

Max(CAGR)

Winner

FESM

+27.58%

SRLN

+3.79%

FESM vs SRLN - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FESM	SRLN
2026	+19.60%	+0.65%
2025	+17.52%	+6.72%
2024	+17.18%	+8.43%
2023	+12.19%	+10.96%
2022	N/A	-5.37%
2021	N/A	+4.66%
2020	N/A	+2.94%
2019	N/A	+9.95%
2018	N/A	-0.82%
2017	N/A	+3.37%
2016	N/A	+7.14%
2015	N/A	-1.15%
2014	N/A	+1.01%
2013	N/A	+1.80%

FESM vs SRLN Drawdown Comparison

The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.

The maximum drawdown for SRLN was -22.29%, occurring on Mar 23, 2020. Recovery took 184 trading sessions.

The current FESM drawdown is -0.89%. The current SRLN drawdown is -0.02%.

Rank	FESM	SRLN
#1	-26.93% Dec 2, 2024 - Aug 27, 2025	-22.29% Feb 19, 2020 - Nov 9, 2020
#2	-10.18% Jan 22, 2026 - Apr 14, 2026	-7.93% Jan 14, 2022 - Jul 12, 2023
#3	-9.60% Jul 31, 2024 - Sep 19, 2024	-5.58% Jul 16, 2015 - Aug 10, 2016
#4	-8.39% Mar 28, 2024 - Jul 11, 2024	-4.61% Oct 16, 2018 - Feb 25, 2019
#5	-7.57% Oct 27, 2025 - Nov 28, 2025	-4.26% Feb 18, 2025 - May 12, 2025
#6	-6.28% Dec 27, 2023 - Feb 12, 2024	-3.26% Jan 9, 2026 - May 1, 2026
#7	-5.09% Nov 11, 2024 - Nov 25, 2024	-2.71% Nov 28, 2014 - Feb 12, 2015
#8	-4.72% May 6, 2026 - May 26, 2026	-1.87% Sep 5, 2014 - Nov 25, 2014
#9	-4.08% Oct 8, 2025 - Oct 15, 2025	-1.36% Jul 22, 2024 - Aug 16, 2024
#10	-3.63% Feb 12, 2024 - Feb 15, 2024	-1.31% Nov 11, 2021 - Dec 23, 2021
#11	-3.59% Feb 15, 2024 - Mar 1, 2024	-1.21% Aug 1, 2019 - Sep 10, 2019
#12	-3.59% Dec 11, 2025 - Jan 6, 2026	-1.19% May 9, 2013 - Jul 23, 2013
#13	-3.58% Oct 16, 2024 - Nov 6, 2024	-1.16% May 3, 2019 - Jul 17, 2019
#14	-3.56% Jul 16, 2024 - Jul 26, 2024	-1.14% Feb 27, 2019 - Apr 5, 2019
#15	-3.23% Mar 7, 2024 - Mar 21, 2024	-1.10% Sep 20, 2019 - Nov 15, 2019

Correlation

Correlation between FESM and SRLN is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2013 - 2026)

FESM vs SRLN dividend yield comparison.

Year	FESM	SRLN
2026	0.20%	2.92%
2025	0.82%	7.67%
2024	1.08%	8.58%
2023	0.06%	8.44%
2022	0.00%	5.72%
2021	0.00%	4.45%
2020	0.00%	4.91%
2019	0.00%	5.39%
2018	0.00%	4.98%
2017	0.00%	4.01%
2016	0.00%	3.94%
2015	0.00%	4.43%
2014	0.00%	3.66%
2013	0.00%	1.91%