AFSCvsFESMETF Comparison
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abrdn Focused U.S. Small Cap Active ETF (AFSC) and Fidelity Enhanced Small Cap ETF (FESM) belong to the same industry segment: US Small Cap. AFSC's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, FESM's top sector exposures are Finance, Healthcare and Technology. AFSC is more expensive with a Total Expense Ratio (TER) of 1.09%, versus 0.28% for FESM. AFSC is up 19.84% year-to-date (YTD) with -$6M in YTD flows. FESM performs better with 20.13% YTD performance, and +$2.53B in YTD flows. Run a side-by-side ETF comparison of AFSC and FESM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AFSC vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AFSC FESM | -1.64%-0.61% | -3.69%-3.48% | +19.84%+20.13% | +21.24%+21.99% | n/an/a | n/an/a |
| Flows | AFSC FESM | -+$284M | +$21K+$900M | -$6M+$2.53B | -$17M+$2.97B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFSC FESM | +14.10%+13.59% | +18.22%+18.17% | n/an/a | n/an/a |
| Max drawdown | AFSC FESM | -9.91%-9.37% | -10.27%-10.11% | n/an/a | n/an/a |
| Max drawdown duration | AFSC FESM | 66d68d | 39d81d | n/an/a | n/an/a |
Trading data
AFSC | FESM | |
Last sale 10/23/2026 at 1:30 PM | $36.10 | $45.52 |
| Previous close 10/23/2026 | $36.46 | $45.02 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
AFSC | FESM | |
|---|---|---|
| Last price | $36.10 | $45.52 |
| 1D performance | -0.97% | +1.11% |
| AuM | $9.61 M | $6.61 B |
| E/R | 1.09% | 0.28% |
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Exposure
Countries
AFSC
USA
89.02%
Other
10.98%
FESM
USA
96.11%
Other
3.89%
Sectors
AFSC
Finance
24.04%
Healthcare
18.96%
Industrials
13.68%
Technology
13.37%
Non-Energy Materi.
7.6%
Other
22.36%
FESM
Finance
22.73%
Healthcare
21.4%
Technology
17.24%
Industrials
11.07%
Other
27.55%
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Diversification
AFSC
Total weight of top 15 holdings out of 15
43.66%
FESM
Total weight of top 15 holdings out of 15
9.91%
Top 15 holdings
Data as of August 31, 2026
AFSC
American Healthcare REIT, Inc.
3.45%
Brinker International, Inc.
3.40%
Merit Medical Systems, Inc.
3.36%
Kiniksa Pharmaceuticals International Plc
3.36%
Quaker Houghton
3.24%
Seacoast Banking Corp. of Florida
2.93%
Q2 Holdings, Inc.
2.87%
Impinj, Inc.
2.82%
Ameris Bancorp
2.77%
Magnolia Oil & Gas Corp.
2.74%
Wintrust Financial Corp.
2.69%
PJT Partners, Inc.
2.65%
Boot Barn Holdings, Inc.
2.63%
AZZ, Inc.
2.44%
Banner Corp.
2.32%
FESM
Commercial Metals Co.
0.77%
Installed Building Products, Inc.
0.71%
Oscar Health, Inc.
0.71%
Tenable Holdings, Inc.
0.70%
Option Care Health, Inc.
0.68%
Plexus Corp.
0.66%
HealthEquity, Inc.
0.65%
Tutor Perini Corp.
0.65%
Kodiak Gas Services, Inc.
0.64%
Griffon Corp.
0.64%
Glaukos Corp.
0.63%
EnerSys
0.63%
OUTFRONT Media, Inc.
0.62%
Phillips Edison & Co., Inc.
0.62%
Balchem Corp.
0.60%
Frequently asked questions about AFSC and FESM
How have the AFSC and FESM ETFs performed in 2026?
As of October 22, 2026, AFSC is up 19.84% year-to-date (YTD), while FESM has returned 20.13%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: AFSC or FESM?
Year-to-date, the AFSC ETF saw -$6M in flows, compared to +$2.53B for FESM.
Which ETF is more volatile: AFSC or FESM?
Over the past year, AFSC had a volatility of 18.22%, while FESM experienced 18.17%.
Which ETF is bigger: AFSC or FESM?
As of October 22, 2026, AFSC holds $9.61 M in assets under management (AUM), while FESM manages $6.61 B.
What sectors do the AFSC and FESM ETFs invest in?
AFSC leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, FESM focuses on Finance, Healthcare and Technology.
What are the top holdings of the AFSC ETF and FESM ETF?
AFSC top holdings include American Healthcare REIT, Inc., Brinker International, Inc. and Merit Medical Systems, Inc.. FESM holds in its top three: Commercial Metals Co., Installed Building Products, Inc. and Oscar Health, Inc..
Which ETF is more diversified: AFSC or FESM?
AFSC holds 43 securities with 43.66% of its assets in the top 15. FESM has 795 securities and a top 15 weight of 9.91%.
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Latest news about AFSC & FESM
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FESM
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FESM
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