FESMvsVTWOETF Comparison
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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 Industrials, Information Technology and Financials. In contrast, VTWO's top sector exposures are Industrials, Health Care and Financials. FESM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.06% for VTWO. FESM is up 12.88% year-to-date (YTD) with +$946M in YTD flows. VTWO performs worse with 11.44% YTD performance, and +$333M 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
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FESM VTWO | +15.56%+14.27% | +6.36%+4.20% | +12.88%+11.44% | +48.73%+42.17% | n/a+62.70% | n/a+28.29% |
| Flows | FESM VTWO | +$153M+$284M | +$678M+$796M | +$946M+$333M | +$2.09B+$246M | -+$5.16B | -+$7.28B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FESM VTWO | +22.09%+21.60% | +19.23%+19.30% | n/a+21.14% | n/a+22.60% |
| Max drawdown | FESM VTWO | -9.39%-10.04% | -10.11%-10.99% | n/a-27.51% | n/a-31.93% |
| Max drawdown duration | FESM VTWO | 46d63d | 81d82d | n/a289d | n/a1093d |
Trading data
FESM | VTWO | |
Last sale 4/29/2026 at 4:17 PM | $42.51 | $109.75 |
| Previous close 04/28/2026 | $42.53 | $110.68 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FESM
is actively managed and doesn’t replicate an indexFESM | VTWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/29/2026 at 4:17 PM
Live
Closed
FESM | VTWO | |
|---|---|---|
| Last price | $42.51 | $109.75 |
| 1D performance | -0.05% | -0.84% |
| AuM | $4.79 B | $15.68 B |
| E/R | 0.28% | 0.06% |
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Exposure
Countries
FESM
USA
92.12%
Other
7.88%
VTWO
USA
90.12%
Other
9.88%
Sectors
FESM
Industrials
17.55%
Information Techn.
16.09%
Financials
14.71%
Health Care
13.83%
Energy
8.15%
Consumer Discreti.
7.58%
Other
22.08%
VTWO
Industrials
15.09%
Health Care
14.79%
Financials
14.18%
Information Techn.
13.82%
Consumer Discreti.
8.24%
Other
33.88%
Diversification
FESM
Total weight of top 15 holdings out of 15
12.15%
VTWO
Total weight of top 15 holdings out of 15
7.36%
Top 15 holdings
Data as of March 31, 2026
FESM
BLOOM ENERGY CORP
1.32%
FABRINET
1.23%
CREDO TECHNOLOGY GROUP HOLDING
0.86%
GUARDANT HEALTH INC
0.81%
HEALTHEQUITY I/D
0.76%
FASTLY INC
0.76%
ENERSYS
0.76%
PLANET LABS PBC
0.76%
HECLA MINING
0.74%
COMMERCIAL METALS
0.72%
CALIFORNIA RESOURCES
0.70%
COEUR MINING INC
0.69%
PHILLIPS EDISON AND COMPANY
0.69%
DELEK US HOLDINGS
0.68%
ABERCROMBIE AND FITCH
0.67%
VTWO
BLOOM ENERGY CORP
0.99%
COEUR MINING INC
0.64%
FABRINET
0.63%
US65290E1010
0.59%
ECHOSTAR
0.53%
CREDO TECHNOLOGY GROUP HOLDING
0.50%
KRATOS DEFENSE AND SECURITY SOLS
0.42%
ADVANCED ENERGY INDUSTRIES
0.41%
STERLING INFRASTRUCTURE INC
0.40%
HECLA MINING
0.39%
BRIDGEBIO PHARMA
0.39%
GUARDANT HEALTH INC
0.38%
MODINE MNFC CO
0.38%
ENSIGN GROUP
0.38%
TTM TECHNOLOGIES
0.33%
Frequently asked questions about FESM and VTWO
How have the FESM and VTWO ETFs performed in 2026?
As of April 28, 2026, FESM is up 12.88% year-to-date (YTD), while VTWO has returned 11.44%. 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 +$946M in flows, compared to +$333M for VTWO.
Which ETF is more volatile: FESM or VTWO?
Over the past year, FESM had a volatility of 19.23%, while VTWO experienced 19.3%.
Which ETF is bigger: FESM or VTWO?
As of April 28, 2026, FESM holds $4.79 B in assets under management (AUM), while VTWO manages $15.68 B.
What sectors do the FESM and VTWO ETFs invest in?
FESM leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, VTWO focuses on Industrials, Health Care and Financials.
What are the top holdings of the FESM ETF and VTWO ETF?
FESM top holdings include BLOOM ENERGY CORP, FABRINET and CREDO TECHNOLOGY GROUP HOLDING. VTWO holds in its top three: BLOOM ENERGY CORP, COEUR MINING INC and FABRINET.
Which ETF is more diversified: FESM or VTWO?
FESM holds 622 securities with 12.15% of its assets in the top 15. VTWO has 1948 securities and a top 15 weight of 7.36%.
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