FSMLvsFESMETF Comparison
VS
Franklin Small Cap Enhanced ETF (FSML) belongs to the US Multi-Factor segment. Fidelity Enhanced Small Cap ETF (FESM) is part of the US Small Cap segment. FSML's top 3 sector exposures are Industrials, Information Technology and Health Care. In contrast, FESM's top sector exposures are Information Technology, Industrials and Health Care. FSML is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.28% for FESM. FSML is up 20.96% year-to-date (YTD) with +$101M in YTD flows. FESM performs better with 23.8% YTD performance, and +$1.17B in YTD flows. Run a side-by-side ETF comparison of FSML and FESM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FSML vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSML FESM | +8.79%+7.30% | +21.54%+23.42% | +20.96%+23.80% | n/a+51.67% | n/an/a | n/an/a |
| Flows | FSML FESM | -$36M+$169M | -$15M+$561M | +$101M+$1.17B | -+$2.27B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSML FESM | +22.07%+21.36% | n/a+19.54% | n/an/a | n/an/a |
| Max drawdown | FSML FESM | -4.91%-4.69% | n/a-10.11% | n/an/a | n/an/a |
| Max drawdown duration | FSML FESM | 16d16d | n/a81d | n/an/a | n/an/a |
Trading data
FSML | FESM | |
Last sale 6/15/2026 at 1:30 PM | $29.79 | $46.68 |
| Previous close 06/15/2026 | $29.69 | $46.33 |
| Consolidated volume 06/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 6/15/2026 at 1:30 PM
Live
Closed
FSML | FESM | |
|---|---|---|
| Last price | $29.79 | $46.68 |
| 1D performance | +0.34% | +0.76% |
| AuM | $120.73 M | $5.48 B |
| E/R | 0.45% | 0.28% |
Characteristics
FSML | FESM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Fidelity |
| Benchmark | - | - |
| N° of holdings | 270 | 569 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 9, 2025 | November 20, 2023 |
| ESG | No | No |
Advertisement
Exposure
Countries
FSML
USA
92.14%
Other
7.86%
FESM
USA
91.39%
Other
8.61%
Sectors
FSML
Industrials
19.15%
Information Techn.
16.87%
Health Care
15.1%
Financials
12.96%
Consumer Discreti.
8.92%
Other
27%
FESM
Information Techn.
18.26%
Industrials
17.82%
Health Care
14.44%
Financials
14.32%
Consumer Discreti.
7.02%
Other
28.14%
Advertisement
Diversification
FSML
Total weight of top 15 holdings out of 15
23.53%
FESM
Total weight of top 15 holdings out of 15
13.82%
Top 15 holdings
Data as of April 30, 2026
FSML
BLOOM ENERGY CORP
3.41%
FORMFACTOR
1.87%
KULICKE AND SOFFA INDUSTRIES
1.66%
IES HOLDINGS
1.64%
NLIGHT INC
1.62%
AXSOME THERA CMN STK
1.46%
BOX INC
1.40%
GUARDANT HEALTH INC
1.36%
BUCKLE
1.34%
ALLIANCE DATA SYSTEMS
1.33%
SITIME CORP
1.32%
BRIDGEBIO PHARMA
1.31%
VALLEY NATL BANCORP
1.29%
PRIMORIS SERVICES
1.29%
GULFPORT ENERGY
1.24%
FESM
BLOOM ENERGY CORP
2.05%
CREDO TECHNOLOGY GROUP HOLDING
1.44%
FABRINET
1.27%
MAXLINEAR
1.02%
VICOR
0.84%
ENERSYS
0.80%
LUMEN TECHNOLOGIES INC
0.77%
COMMERCIAL METALS
0.75%
GUARDANT HEALTH INC
0.75%
STONEX GROUP INC
0.73%
KULICKE AND SOFFA INDUSTRIES
0.70%
RESIDEO TECHNOLOGIES
0.69%
HEALTHEQUITY I/D
0.68%
COEUR MINING INC
0.67%
CLEAR SECURE
0.66%
Frequently asked questions about FSML and FESM
How have the FSML and FESM ETFs performed in 2026?
As of June 15, 2026, FSML is up 20.96% year-to-date (YTD), while FESM has returned 23.8%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: FSML or FESM?
Year-to-date, the FSML ETF saw +$101M in flows, compared to +$1.17B for FESM.
Which ETF is bigger: FSML or FESM?
As of June 15, 2026, FSML holds $120.73 M in assets under management (AUM), while FESM manages $5.48 B.
What sectors do the FSML and FESM ETFs invest in?
FSML leans toward sectors like Industrials, Information Technology and Health Care. Meanwhile, FESM focuses on Information Technology, Industrials and Health Care.
What are the top holdings of the FSML ETF and FESM ETF?
FSML top holdings include BLOOM ENERGY CORP, FORMFACTOR and KULICKE AND SOFFA INDUSTRIES. FESM holds in its top three: BLOOM ENERGY CORP, CREDO TECHNOLOGY GROUP HOLDING and FABRINET.
Which ETF is more diversified: FSML or FESM?
FSML holds 297 securities with 23.53% of its assets in the top 15. FESM has 644 securities and a top 15 weight of 13.82%.
Advertisement
Latest news about FSML & FESM
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
Advertisement
Advertisement
