FESMvsIWMETF Comparison
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Fidelity Enhanced Small Cap ETF (FESM) and iShares Russell 2000 ETF (IWM) belong to the same industry segment: US Small Cap. FESM's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, IWM's top sector exposures are Finance, Healthcare and Technology. FESM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.19% for IWM. FESM is up 24.34% year-to-date (YTD) with +$1.64B in YTD flows. IWM performs worse with 18.69% YTD performance, and -$7.68B in YTD flows. Run a side-by-side ETF comparison of FESM and IWM 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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FESM vs IWM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FESM IWM | -0.98%-1.85% | +9.06%+5.39% | +24.34%+18.69% | +43.22%+31.54% | n/a+54.71% | n/a+40.68% |
| Flows | FESM IWM | +$422M-$2.60B | +$720M-$1.76B | +$1.64B-$7.68B | +$2.67B-$5.18B | --$3.63B | --$4.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FESM IWM | +18.51%+18.47% | +19.37%+19.40% | n/a+21.23% | n/a+22.55% |
| Max drawdown | FESM IWM | -4.69%-4.78% | -10.11%-11.03% | n/a-27.52% | n/a-31.96% |
| Max drawdown duration | FESM IWM | 16d16d | 81d82d | n/a289d | n/a1093d |
Trading data
FESM | IWM | |
Last sale 7/27/2026 at 1:30 PM | $47.07 | $292.91 |
| Previous close 07/24/2026 | $46.72 | $291.17 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FESM
is actively managed and doesn’t replicate an indexFESM | IWM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
FESM | IWM | |
|---|---|---|
| Last price | $47.07 | $292.91 |
| 1D performance | +0.75% | +0.60% |
| AuM | $5.96 B | $78.67 B |
| E/R | 0.28% | 0.19% |
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Exposure
Countries
FESM
USA
96.65%
Other
3.35%
IWM
USA
95.01%
Other
4.99%
Sectors
FESM
Finance
21.69%
Technology
19.76%
Healthcare
17.83%
Industrials
13.24%
Other
27.48%
IWM
Finance
25.48%
Healthcare
20.01%
Technology
12.88%
Industrials
11.47%
Other
30.16%
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Diversification
FESM
Total weight of top 15 holdings out of 15
11.5%
IWM
Total weight of top 15 holdings out of 15
4.84%
Top 15 holdings
Data as of June 30, 2026
FESM
Guardant Health, Inc.
1.19%
ACM Research, Inc.
0.82%
Kulicke & Soffa Industries, Inc.
0.80%
MaxLinear, Inc.
0.79%
Kodiak Gas Services, Inc.
0.79%
EnerSys
0.76%
StoneX Group, Inc.
0.76%
Plexus Corp.
0.75%
Commercial Metals Co.
0.72%
Extreme Networks, Inc.
0.70%
HealthEquity, Inc.
0.70%
Tenable Holdings, Inc.
0.69%
Axsome Therapeutics, Inc.
0.68%
Lumen Technologies, Inc. (Louisiana)
0.68%
Glacier Bancorp, Inc.
0.67%
IWM
Moog, Inc.
0.38%
Hut 8 Corp.
0.37%
ViaSat, Inc.
0.35%
BrightSpring Health Services, Inc.
0.35%
Cytokinetics, Inc.
0.35%
MaxLinear, Inc.
0.34%
Argan, Inc.
0.34%
UMB Financial Corp.
0.33%
JFrog Ltd.
0.31%
Riot Platforms, Inc.
0.30%
Krystal Biotech, Inc.
0.30%
ESCO Technologies, Inc.
0.29%
CareTrust REIT, Inc.
0.28%
Old National Bancorp
0.28%
FirstCash Holdings, Inc.
0.28%
Frequently asked questions about FESM and IWM
How have the FESM and IWM ETFs performed in 2026?
As of July 24, 2026, FESM is up 24.34% year-to-date (YTD), while IWM has returned 18.69%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: FESM or IWM?
Year-to-date, the FESM ETF saw +$1.64B in flows, compared to -$7.68B for IWM.
Which ETF is more volatile: FESM or IWM?
Over the past year, FESM had a volatility of 19.37%, while IWM experienced 19.4%.
Which ETF is bigger: FESM or IWM?
As of July 24, 2026, FESM holds $5.96 B in assets under management (AUM), while IWM manages $78.67 B.
What sectors do the FESM and IWM ETFs invest in?
FESM leans toward sectors like Finance, Technology and Healthcare. Meanwhile, IWM focuses on Finance, Healthcare and Technology.
What are the top holdings of the FESM ETF and IWM ETF?
FESM top holdings include Guardant Health, Inc., ACM Research, Inc. and Kulicke & Soffa Industries, Inc.. IWM holds in its top three: Moog, Inc., Hut 8 Corp. and ViaSat, Inc..
Which ETF is more diversified: FESM or IWM?
FESM holds 656 securities with 11.5% of its assets in the top 15. IWM has 1992 securities and a top 15 weight of 4.84%.
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Latest news about FESM & IWM
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