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FESMvsITWOETF Comparison
Fidelity Enhanced Small Cap ETF (FESM) belongs to the US Small Cap segment. ProShares Russell 2000 High Income ETF (ITWO) is part of the Options Strategies segment. FESM's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, ITWO's top sector exposures are Industrials, Health Care and Financials. FESM is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.55% for ITWO. FESM is up 2.28% year-to-date (YTD) with +$592M in YTD flows. ITWO performs better with 3.28% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of FESM and ITWO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FESM vs ITWO performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FESM ITWO | -4.76%-3.86% | -0.09%+0.26% | +2.28%+3.28% | +33.23%+27.78% | n/an/a | n/an/a |
| Flows | FESM ITWO | +$184M+$9M | +$780M+$63M | +$592M+$47M | +$1.41B+$101M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FESM ITWO | +18.69%+17.33% | +23.21%+21.04% | n/an/a | n/an/a |
| Max drawdown | FESM ITWO | -6.68%-6.95% | -16.30%-15.09% | n/an/a | n/an/a |
| Max drawdown duration | FESM ITWO | 47d47d | 52d73d | n/an/a | n/an/a |
FESM | ITWO | |
Last sale 3/11/2026 at 1:30 PM | $38.48 | $40.33 |
| Previous close 03/10/2026 | $38.64 | $40.41 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FESM | ITWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FESM | ITWO | |
|---|---|---|
| Last price | $38.48 | $40.33 |
| 1D performance | -0.41% | -0.20% |
| AuM | $4.00 B | $151.34 M |
| E/R | 0.28% | 0.55% |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FESM and ITWO ETFs performed in 2026?
As of March 10, 2026, FESM is up 2.28% year-to-date (YTD), while ITWO has returned 3.28%. That puts ITWO better performer ahead so far this year.
Which ETF is attracting more investor money: FESM or ITWO?
Year-to-date, the FESM ETF saw +$592M in flows, compared to +$47M for ITWO.
Which ETF is more volatile: FESM or ITWO?
Over the past year, FESM had a volatility of 23.21%, while ITWO experienced 21.04%.
Which ETF is bigger: FESM or ITWO?
As of March 10, 2026, FESM holds $4.00 B in assets under management (AUM), while ITWO manages $151.34 M.
What sectors do the FESM and ITWO ETFs invest in?
FESM leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, ITWO focuses on Industrials, Health Care and Financials.
What are the top holdings of the FESM ETF and ITWO ETF?
FESM top holdings include BLOOM ENERGY CORP, COEUR MINING INC and CREDO TECHNOLOGY GROUP HOLDING. ITWO holds in its top three: BLOOM ENERGY CORP, CREDO TECHNOLOGY GROUP HOLDING and HECLA MINING.
Which ETF is more diversified: FESM or ITWO?
FESM holds 578 securities with 13.61% of its assets in the top 15. ITWO has 1884 securities and a top 15 weight of 6.55%.
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