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FESMvsVTWOETF Comparison

ETF 1

FESM

Fidelity Enhanced Small Cap ETF

This fund is part of

US Small Cap

+0.43%

Full FESM fund page

VS

ETF 2

VTWO

Vanguard Russell 2000 ETF

This fund is part of

US Small Cap

+0.43%

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. Both ETFs have the same top 3 sector exposures: 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 20.84% year-to-date (YTD) with +$2.54B in YTD flows. VTWO performs worse with 13.37% YTD performance, and +$1.15B 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 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FESM VTWO	+0.33%-1.04%	-3.53%-5.18%	+20.84%+13.37%	+21.08%+11.94%	n/a+75.24%	n/a+30.33%
Flows	FESM VTWO	+$271M+$222M	+$909M+$674M	+$2.54B+$1.15B	+$2.97B+$1.58B	-+$5.45B	-+$6.82B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FESM VTWO	+13.66%+14.01%	+18.18%+18.15%	n/a+21.00%	n/a+22.39%
Max drawdown	FESM VTWO	-9.37%-11.09%	-10.11%-11.09%	n/a-27.51%	n/a-31.93%
Max drawdown duration	FESM VTWO	71d71d	81d71d	n/a289d	n/a1093d

Trading data

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	FESM	VTWO
Last sale 10/27/2026 at 2:10 PM	$45.34	$112.18
Previous close 10/26/2026	$45.30	$111.87
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 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 10/27/2026 at 2:10 PM

Live

Closed

	FESM	VTWO
Last price	$45.34	$112.18
1D performance	+0.09%	+0.28%
AuM	$6.66 B	$16.64 B
E/R	0.28%	0.06%

Characteristics

	FESM	VTWO
Management strategy	Active	Passive
Provider	Fidelity	Vanguard
Benchmark	-	Russell 2000 Index
N° of holdings	794	1961
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

96.11%

Other

3.89%

VTWO

USA

92.84%

Other

7.16%

Sectors

FESM

Finance

22.73%

Healthcare

21.4%

Technology

17.24%

Industrials

11.07%

Other

27.55%

VTWO

Finance

25.58%

Healthcare

20.3%

Technology

11.54%

Industrials

10.13%

Other

32.45%

Diversification

FESM

Total weight of top 15 holdings out of 15

9.91%

VTWO

Total weight of top 15 holdings out of 15

4.48%

Top 15 holdings

Data as of August 31, 2026

FESM

Commercial Metals Co.

0.77%

Installed Building Products, Inc.

0.71%

Oscar Health, Inc.

0.71%

Tenable Holdings, Inc.

0.70%

Option Care Health, Inc.

0.68%

Plexus Corp.

0.66%

HealthEquity, Inc.

0.65%

Tutor Perini Corp.

0.65%

Kodiak Gas Services, Inc.

0.64%

Griffon Corp.

0.64%

Glaukos Corp.

0.63%

EnerSys

0.63%

OUTFRONT Media, Inc.

0.62%

Phillips Edison & Co., Inc.

0.62%

Balchem Corp.

0.60%

VTWO

JFrog Ltd.

0.34%

Moog, Inc.

0.33%

UMB Financial Corp.

0.33%

Glaukos Corp.

0.32%

Brinker International, Inc.

0.31%

BrightSpring Health Services, Inc.

0.30%

Krystal Biotech, Inc.

0.29%

Cytokinetics, Inc.

0.29%

Protagonist Therapeutics, Inc.

0.28%

Twist Bioscience Corp.

0.28%

SM Energy Co.

0.28%

Old National Bancorp

0.28%

CareTrust REIT, Inc.

0.28%

FirstCash Holdings, Inc.

0.28%

Jackson Financial, Inc.

0.28%

Frequently asked questions about FESM and VTWO

How have the FESM and VTWO ETFs performed in 2026?

As of October 26, 2026, FESM is up 20.84% year-to-date (YTD), while VTWO has returned 13.37%. 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 +$2.54B in flows, compared to +$1.15B for VTWO.

Which ETF is more volatile: FESM or VTWO?

Over the past year, FESM had a volatility of 18.18%, while VTWO experienced 18.15%.

Which ETF is bigger: FESM or VTWO?

As of October 26, 2026, FESM holds $6.66 B in assets under management (AUM), while VTWO manages $16.64 B.

What sectors do the FESM and VTWO ETFs invest in?

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

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

FESM top holdings include Commercial Metals Co., Installed Building Products, Inc. and Oscar Health, Inc.. VTWO holds in its top three: JFrog Ltd., Moog, Inc. and UMB Financial Corp..

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 October 26, 2026, FESM is up 20.84% year-to-date (YTD), while VTWO has returned 13.37%. 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 +$2.54B in flows, compared to +$1.15B for VTWO.

Which ETF is more volatile: FESM or VTWO?

Over the past year, FESM had a volatility of 18.18%, while VTWO experienced 18.15%.

Which ETF is bigger: FESM or VTWO?

As of October 26, 2026, FESM holds $6.66 B in assets under management (AUM), while VTWO manages $16.64 B.

What sectors do the FESM and VTWO ETFs invest in?

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

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

FESM top holdings include Commercial Metals Co., Installed Building Products, Inc. and Oscar Health, Inc.. VTWO holds in its top three: JFrog Ltd., Moog, Inc. and UMB Financial Corp..

Which ETF is more diversified: FESM or VTWO?

FESM holds 795 securities with 9.91% of its assets in the top 15. VTWO has 1986 securities and a top 15 weight of 4.48%.

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