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FESMvsVTWOETF 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

VTWO

Vanguard Russell 2000 ETF

This fund is part of

US Small Cap

-0.1%

Full VTWO fund page

Fidelity Enhanced Small Cap ETF (FESM) and Vanguard Russell 2000 ETF (VTWO) belong to the same industry segment: US Small Cap. FESM's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, VTWO's top sector exposures are Finance, Healthcare and Technology. FESM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.06% for VTWO. FESM is up 24.34% year-to-date (YTD) with +$1.64B in YTD flows. VTWO performs worse with 18.83% YTD performance, and +$480M in YTD flows. Run a side-by-side ETF comparison of FESM and VTWO 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 VTWO 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 VTWO	-0.98%-1.82%	+9.06%+5.44%	+24.34%+18.83%	+43.22%+31.79%	n/a+55.49%	n/a+41.86%
Flows	FESM VTWO	+$422M-$286M	+$720M+$234M	+$1.64B+$480M	+$2.67B+$1.06B	-+$5.16B	-+$6.66B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FESM VTWO	+18.51%+18.48%	+19.37%+19.34%	n/a+21.11%	n/a+22.54%
Max drawdown	FESM VTWO	-4.69%-4.78%	-10.11%-10.99%	n/a-27.51%	n/a-31.93%
Max drawdown duration	FESM VTWO	16d16d	81d82d	n/a289d	n/a1093d

Trading data

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	FESM	VTWO
Last sale 7/27/2026 at 1:30 PM	$47.07	$118.42
Previous close 07/24/2026	$46.72	$117.71
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	VTWO
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	VTWO
Last price	$47.07	$118.42
1D performance	+0.75%	+0.60%
AuM	$5.96 B	$16.82 B
E/R	0.28%	0.06%

Characteristics

	FESM	VTWO
Management strategy	Active	Passive
Provider	Fidelity	Vanguard
Benchmark	-	Russell 2000 Index
N° of holdings	655	1944
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	September 20, 2010
ESG	No	No

More FESM data on Trackinsight

More VTWO data on Trackinsight

Exposure

Countries

FESM

USA

96.65%

Other

3.35%

VTWO

USA

93.04%

Other

6.96%

Sectors

FESM

Finance

21.69%

Technology

19.76%

Healthcare

17.83%

Industrials

13.24%

Other

27.48%

VTWO

Finance

25.13%

Healthcare

19.53%

Technology

12.59%

Industrials

11.21%

Other

31.54%

Diversification

FESM

Total weight of top 15 holdings out of 15

11.5%

VTWO

Total weight of top 15 holdings out of 15

4.75%

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%

VTWO

Moog, Inc.

0.37%

Hut 8 Corp.

0.36%

ViaSat, Inc.

0.35%

BrightSpring Health Services, Inc.

0.35%

Cytokinetics, Inc.

0.34%

MaxLinear, Inc.

0.34%

Argan, Inc.

0.33%

UMB Financial Corp.

0.32%

JFrog Ltd.

0.30%

Riot Platforms, Inc.

0.30%

Krystal Biotech, Inc.

0.29%

ESCO Technologies, Inc.

0.28%

CareTrust REIT, Inc.

0.28%

Old National Bancorp

0.27%

FirstCash Holdings, Inc.

0.27%

Frequently asked questions about FESM and VTWO

How have the FESM and VTWO ETFs performed in 2026?

As of July 24, 2026, FESM is up 24.34% year-to-date (YTD), while VTWO has returned 18.83%. That puts FESM better performer ahead so far this year.

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

Year-to-date, the FESM ETF saw +$1.64B in flows, compared to +$480M for VTWO.

Which ETF is more volatile: FESM or VTWO?

Over the past year, FESM had a volatility of 19.37%, while VTWO experienced 19.34%.

Which ETF is bigger: FESM or VTWO?

As of July 24, 2026, FESM holds $5.96 B in assets under management (AUM), while VTWO manages $16.82 B.

What sectors do the FESM and VTWO ETFs invest in?

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

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

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

FESMvsVTWOETF Comparison

Fidelity Enhanced Small Cap ETF

Vanguard Russell 2000 ETF

FESM vs VTWO 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 VTWO ETFs performed in 2026?

As of July 24, 2026, FESM is up 24.34% year-to-date (YTD), while VTWO has returned 18.83%. That puts FESM better performer ahead so far this year.

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

Year-to-date, the FESM ETF saw +$1.64B in flows, compared to +$480M for VTWO.

Which ETF is more volatile: FESM or VTWO?

Over the past year, FESM had a volatility of 19.37%, while VTWO experienced 19.34%.

Which ETF is bigger: FESM or VTWO?

As of July 24, 2026, FESM holds $5.96 B in assets under management (AUM), while VTWO manages $16.82 B.

What sectors do the FESM and VTWO ETFs invest in?

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

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

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

Which ETF is more diversified: FESM or VTWO?

FESM holds 656 securities with 11.5% of its assets in the top 15. VTWO has 2000 securities and a top 15 weight of 4.75%.

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