DFASvsFESMETF Comparison
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Dimensional US Small Cap ETF (DFAS) and Fidelity Enhanced Small Cap ETF (FESM) belong to the same industry segment: US Small Cap. DFAS's top 3 sector exposures are Finance, Industrials and Technology. In contrast, FESM's top sector exposures are Finance, Healthcare and Technology. DFAS is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.28% for FESM. DFAS is up 16.58% year-to-date (YTD) with +$1.54B in YTD flows. FESM performs better with 23.4% YTD performance, and +$2.58B in YTD flows. Run a side-by-side ETF comparison of DFAS 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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DFAS vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFAS FESM | +3.61%+2.70% | +0.39%-0.05% | +16.58%+23.40% | +19.24%+25.04% | +69.24%n/a | +43.99%n/a |
| Flows | DFAS FESM | +$113M+$285M | +$379M+$899M | +$1.54B+$2.58B | +$1.90B+$2.98B | +$5.33B- | +$7.55B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFAS FESM | +11.62%+13.48% | +15.01%+18.15% | +19.18%n/a | +20.55%n/a |
| Max drawdown | DFAS FESM | -8.37%-9.37% | -9.26%-10.11% | -26.11%n/a | -26.11%n/a |
| Max drawdown duration | DFAS FESM | 74d74d | 66d81d | 373dn/a | 373dn/a |
Trading data
DFAS | FESM | |
Last sale 10/30/2026 at 1:30 PM | $79.56 | $45.49 |
| Previous close 10/29/2026 | $80.56 | $46.25 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
DFAS | FESM | |
|---|---|---|
| Last price | $79.56 | $45.49 |
| 1D performance | -1.24% | -1.64% |
| AuM | $15.57 B | $6.84 B |
| E/R | 0.26% | 0.28% |
Characteristics
DFAS | FESM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Fidelity |
| Benchmark | - | - |
| N° of holdings | 2013 | 775 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 14, 2021 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
DFAS
USA
95.91%
Other
4.09%
FESM
USA
96.13%
Other
3.87%
Sectors
DFAS
Finance
21.59%
Industrials
14.84%
Technology
13.06%
Healthcare
13.04%
Non-Energy Materi.
7.48%
Consumer Cyclical.
7.47%
Other
22.5%
FESM
Finance
23.09%
Healthcare
21.09%
Technology
17.65%
Industrials
11.38%
Other
26.79%
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Diversification
DFAS
Total weight of top 15 holdings out of 15
3.88%
FESM
Total weight of top 15 holdings out of 15
9.97%
Top 15 holdings
Data as of September 30, 2026
DFAS
Charles River Laboratories International, Inc.
0.29%
WESCO International, Inc.
0.27%
APA Corp.
0.27%
DigitalOcean Holdings, Inc.
0.26%
Halozyme Therapeutics, Inc.
0.26%
Jazz Pharmaceuticals Plc
0.26%
TTM Technologies, Inc.
0.26%
Applied Industrial Technologies, Inc.
0.26%
The J. M. Smucker Co.
0.26%
Onto Innovation, Inc.
0.25%
BorgWarner, Inc.
0.25%
Revvity, Inc.
0.25%
IES Holdings, Inc.
0.25%
Invesco Ltd.
0.25%
Arrow Electronics, Inc.
0.24%
FESM
Commercial Metals Co.
0.78%
Plexus Corp.
0.75%
Kulicke & Soffa Industries, Inc.
0.73%
Oscar Health, Inc.
0.72%
Option Care Health, Inc.
0.66%
Griffon Corp.
0.66%
Kodiak Gas Services, Inc.
0.64%
OUTFRONT Media, Inc.
0.64%
Tutor Perini Corp.
0.64%
EnerSys
0.63%
HealthEquity, Inc.
0.63%
Phillips Edison & Co., Inc.
0.62%
Sonos, Inc.
0.62%
Glaukos Corp.
0.62%
Installed Building Products, Inc.
0.62%
Frequently asked questions about DFAS and FESM
How have the DFAS and FESM ETFs performed in 2026?
As of October 29, 2026, DFAS is up 16.58% year-to-date (YTD), while FESM has returned 23.4%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: DFAS or FESM?
Year-to-date, the DFAS ETF saw +$1.54B in flows, compared to +$2.58B for FESM.
Which ETF is more volatile: DFAS or FESM?
Over the past year, DFAS had a volatility of 15.01%, while FESM experienced 18.15%.
Which ETF is bigger: DFAS or FESM?
As of October 29, 2026, DFAS holds $15.57 B in assets under management (AUM), while FESM manages $6.84 B.
What sectors do the DFAS and FESM ETFs invest in?
DFAS leans toward sectors like Finance, Industrials and Technology. Meanwhile, FESM focuses on Finance, Healthcare and Technology.
What are the top holdings of the DFAS ETF and FESM ETF?
DFAS top holdings include Charles River Laboratories International, Inc., WESCO International, Inc. and APA Corp.. FESM holds in its top three: Commercial Metals Co., Plexus Corp. and Kulicke & Soffa Industries, Inc..
Which ETF is more diversified: DFAS or FESM?
DFAS holds 2051 securities with 3.88% of its assets in the top 15. FESM has 776 securities and a top 15 weight of 9.97%.
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Latest news about DFAS & FESM
Small Caps and Value Stocks Continue to Rally Amid Market Rotation
July 22, 2024
DFAS
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
Dimensional Fund Advisors Celebrates 3-Year ETF Anniversary
November 8, 2023
DFAS
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