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FESMvsIWMWETF Comparison

ETF 1

FESM

Fidelity Enhanced Small Cap ETF

This fund is part of

US Small Cap

-0.1%

Full FESM fund page

VS

ETF 2

IWMW

iShares Russell 2000 BuyWrite ETF

This fund is part of

Options Strategies

-0.15%

Full IWMW fund page

Fidelity Enhanced Small Cap ETF (FESM) belongs to the US Small Cap segment. iShares Russell 2000 BuyWrite ETF (IWMW) is part of the Options Strategies segment. FESM's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, IWMW's top sector exposures are Finance, Healthcare and Technology. FESM is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.39% for IWMW. FESM is up 24.34% year-to-date (YTD) with +$1.64B in YTD flows. IWMW performs worse with 13.15% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of FESM and IWMW 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 IWMW performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FESM IWMW	-0.98%+1.03%	+9.06%+8.19%	+24.34%+13.15%	+43.22%+23.54%	n/an/a	n/an/a
Flows	FESM IWMW	+$422M+$5M	+$720M+$6M	+$1.64B+$21M	+$2.67B+$33M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FESM IWMW	+18.51%+10.38%	+19.37%+12.54%	n/an/a	n/an/a
Max drawdown	FESM IWMW	-4.69%-2.57%	-10.11%-6.92%	n/an/a	n/an/a
Max drawdown duration	FESM IWMW	16d7d	81d62d	n/an/a	n/an/a

Trading data

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	FESM	IWMW
Last sale 7/27/2026 at 1:30 PM	$47.07	$39.52
Previous close 07/24/2026	$46.72	$39.29
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 index

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	FESM	IWMW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/27/2026 at 1:30 PM

Live

Closed

	FESM	IWMW
Last price	$47.07	$39.52
1D performance	+0.75%	+0.57%
AuM	$5.96 B	$56.59 M
E/R	0.28%	0.39%

Characteristics

	FESM	IWMW
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	Cboe FTSE Russell IWM 2% OTM BuyWrite Index
N° of holdings	655	1962
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	March 14, 2024
ESG	No	No

More FESM data on Trackinsight

More IWMW data on Trackinsight

Exposure

Countries

FESM

USA

96.65%

Other

3.35%

IWMW

USA

96.99%

Other

3.01%

Sectors

FESM

Finance

21.69%

Technology

19.76%

Healthcare

17.83%

Industrials

13.24%

Other

27.48%

IWMW

Finance

26%

Healthcare

20.42%

Technology

13.14%

Industrials

11.71%

Other

28.73%

Diversification

FESM

Total weight of top 15 holdings out of 15

11.5%

IWMW

Total weight of top 15 holdings out of 15

4.94%

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%

IWMW

Moog, Inc.

0.38%

Hut 8 Corp.

0.38%

ViaSat, Inc.

0.36%

BrightSpring Health Services, Inc.

0.36%

Cytokinetics, Inc.

0.36%

MaxLinear, Inc.

0.35%

Argan, Inc.

0.35%

UMB Financial Corp.

0.33%

JFrog Ltd.

0.31%

Riot Platforms, Inc.

0.31%

Krystal Biotech, Inc.

0.31%

ESCO Technologies, Inc.

0.29%

CareTrust REIT, Inc.

0.29%

Old National Bancorp

0.29%

FirstCash Holdings, Inc.

0.28%

Frequently asked questions about FESM and IWMW

How have the FESM and IWMW ETFs performed in 2026?

As of July 24, 2026, FESM is up 24.34% year-to-date (YTD), while IWMW has returned 13.15%. That puts FESM better performer ahead so far this year.

Which ETF is attracting more investor money: FESM or IWMW?

Year-to-date, the FESM ETF saw +$1.64B in flows, compared to +$21M for IWMW.

Which ETF is more volatile: FESM or IWMW?

Over the past year, FESM had a volatility of 19.37%, while IWMW experienced 12.54%.

Which ETF is bigger: FESM or IWMW?

As of July 24, 2026, FESM holds $5.96 B in assets under management (AUM), while IWMW manages $56.59 M.

What sectors do the FESM and IWMW ETFs invest in?

FESM leans toward sectors like Finance, Technology and Healthcare. Meanwhile, IWMW focuses on Finance, Healthcare and Technology.

What are the top holdings of the FESM ETF and IWMW ETF?

FESM top holdings include Guardant Health, Inc., ACM Research, Inc. and Kulicke & Soffa Industries, Inc.. IWMW holds in its top three: Moog, Inc., Hut 8 Corp. and ViaSat, Inc..

Which ETF is more diversified: FESM or IWMW?

FESM holds 656 securities with 11.5% of its assets in the top 15. IWMW has 1993 securities and a top 15 weight of 4.94%.

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

FESMvsIWMWETF Comparison

Fidelity Enhanced Small Cap ETF

iShares Russell 2000 BuyWrite ETF

FESM vs IWMW performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FESM and IWMW ETFs performed in 2026?

As of July 24, 2026, FESM is up 24.34% year-to-date (YTD), while IWMW has returned 13.15%. That puts FESM better performer ahead so far this year.

Which ETF is attracting more investor money: FESM or IWMW?

Year-to-date, the FESM ETF saw +$1.64B in flows, compared to +$21M for IWMW.

Which ETF is more volatile: FESM or IWMW?

Over the past year, FESM had a volatility of 19.37%, while IWMW experienced 12.54%.

Which ETF is bigger: FESM or IWMW?

As of July 24, 2026, FESM holds $5.96 B in assets under management (AUM), while IWMW manages $56.59 M.

What sectors do the FESM and IWMW ETFs invest in?

FESM leans toward sectors like Finance, Technology and Healthcare. Meanwhile, IWMW focuses on Finance, Healthcare and Technology.

What are the top holdings of the FESM ETF and IWMW ETF?

FESM top holdings include Guardant Health, Inc., ACM Research, Inc. and Kulicke & Soffa Industries, Inc.. IWMW holds in its top three: Moog, Inc., Hut 8 Corp. and ViaSat, Inc..

Which ETF is more diversified: FESM or IWMW?

FESM holds 656 securities with 11.5% of its assets in the top 15. IWMW has 1993 securities and a top 15 weight of 4.94%.

Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up