ALILvsFESMETF Comparison
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Argent Focused Small Cap ETF (ALIL) and Fidelity Enhanced Small Cap ETF (FESM) belong to the same industry segment: US Small Cap. ALIL's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, FESM's top sector exposures are Industrials, Information Technology and Financials. ALIL is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.28% for FESM. ALIL is up 5.73% year-to-date (YTD) with +$4M in YTD flows. FESM performs better with 14.01% YTD performance, and +$925M in YTD flows. Run a side-by-side ETF comparison of ALIL 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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ALIL vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ALIL FESM | +8.61%+12.52% | -0.36%+6.83% | +5.73%+14.01% | +12.63%+51.01% | n/an/a | n/an/a |
| Flows | ALIL FESM | +$305K+$200M | +$2M+$701M | +$4M+$925M | +$18M+$2.07B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ALIL FESM | +19.91%+22.03% | +18.30%+19.20% | n/an/a | n/an/a |
| Max drawdown | ALIL FESM | -12.12%-9.39% | -12.69%-10.11% | n/an/a | n/an/a |
| Max drawdown duration | ALIL FESM | 73d46d | 93d81d | n/an/a | n/an/a |
Trading data
ALIL | FESM | |
Last sale 4/24/2026 at 7:37 PM | $30.53 | $42.88 |
| Previous close 04/24/2026 | $30.37 | $42.91 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/24/2026 at 7:37 PM
Live
Closed
ALIL | FESM | |
|---|---|---|
| Last price | $30.53 | $42.88 |
| 1D performance | +0.53% | -0.07% |
| AuM | $25.62 M | $4.81 B |
| E/R | 0.74% | 0.28% |
Characteristics
ALIL | FESM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Alpha Architect | Fidelity |
| Benchmark | - | - |
| N° of holdings | 44 | 555 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 9, 2025 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
ALIL
USA
87.01%
Canada
9.47%
Other
3.52%
FESM
USA
92.12%
Other
7.88%
Sectors
ALIL
Industrials
20.61%
Financials
19.35%
Information Techn.
15.27%
Consumer Discreti.
14.12%
Health Care
10.55%
Other
20.1%
FESM
Industrials
17.55%
Information Techn.
16.09%
Financials
14.71%
Health Care
13.83%
Energy
8.15%
Consumer Discreti.
7.58%
Other
22.08%
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Diversification
ALIL
Total weight of top 15 holdings out of 15
50.59%
FESM
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of March 31, 2026
ALIL
RBC BEARINGS
4.36%
VICTORY CAPITAL HOLDINGS INC
4.06%
ENPRO INDUSTRIES
3.85%
EPLUS
3.62%
MEDPACE HOLDINGS INC
3.57%
GREEN BRICK PARTNERS INC
3.44%
FABRINET
3.35%
MURPHY USA
3.32%
HOULIHAN LOKEY INC
3.24%
MAGNOLIA OIL AND GAS CORP
3.19%
ADDUS HOMECARE
3.05%
MODINE MNFC CO
2.97%
IES HOLDINGS
2.93%
FIRSTSERVICE CORP
2.87%
COLLIERS INTERNATIONAL GROUP
2.77%
FESM
BLOOM ENERGY CORP
1.32%
FABRINET
1.23%
CREDO TECHNOLOGY GROUP HOLDING
0.86%
GUARDANT HEALTH INC
0.81%
HEALTHEQUITY I/D
0.76%
FASTLY INC
0.76%
ENERSYS
0.76%
PLANET LABS PBC
0.76%
HECLA MINING
0.74%
COMMERCIAL METALS
0.72%
CALIFORNIA RESOURCES
0.70%
COEUR MINING INC
0.69%
PHILLIPS EDISON AND COMPANY
0.69%
DELEK US HOLDINGS
0.68%
ABERCROMBIE AND FITCH
0.67%
Frequently asked questions about ALIL and FESM
How have the ALIL and FESM ETFs performed in 2026?
As of April 24, 2026, ALIL is up 5.73% year-to-date (YTD), while FESM has returned 14.01%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: ALIL or FESM?
Year-to-date, the ALIL ETF saw +$4M in flows, compared to +$925M for FESM.
Which ETF is more volatile: ALIL or FESM?
Over the past year, ALIL had a volatility of 18.3%, while FESM experienced 19.2%.
Which ETF is bigger: ALIL or FESM?
As of April 24, 2026, ALIL holds $25.62 M in assets under management (AUM), while FESM manages $4.81 B.
What sectors do the ALIL and FESM ETFs invest in?
ALIL leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, FESM focuses on Industrials, Information Technology and Financials.
What are the top holdings of the ALIL ETF and FESM ETF?
ALIL top holdings include RBC BEARINGS, VICTORY CAPITAL HOLDINGS INC and ENPRO INDUSTRIES. FESM holds in its top three: BLOOM ENERGY CORP, FABRINET and CREDO TECHNOLOGY GROUP HOLDING.
Which ETF is more diversified: ALIL or FESM?
ALIL holds 44 securities with 50.59% of its assets in the top 15. FESM has 622 securities and a top 15 weight of 12.15%.
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Latest news about ALIL & 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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