FESC vs FESM
First Eagle Small Cap Equity ETF vs Fidelity Enhanced Small Cap Core ETF
Which is better, FESC or FESM?
FESM costs less.
FESM has a lower expense ratio. FESM is less concentrated, with 7.1% of the fund in its ten largest positions against 10.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FESC | FESM |
|---|---|---|
| Expense Ratio | 0.55% | 0.28%Best |
| AUM | $5M | $6.4B |
| Dividend Yield | 0.00% | 0.87% |
| Holdings | 184 | 875 |
| YTD Return | -9.73% | +17.52%Best |
| 1Y Return | - | +21.75% |
| 3Y Return (annualized) | - | +22.94% |
| Top 10 Weight | 10.4% | 7.1%Best |
| Fund Family | First Eagle Investments | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Jun 30, 2026 | Nov 20, 2023 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
FESC vs FESM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FESC vs FESM Performance
First Eagle Small Cap Equity ETF (FESC) is an ETF from First Eagle Investments and Fidelity Enhanced Small Cap Core ETF (FESM) is an ETF from Fidelity Investments (US). Year to date, FESC is down 9.73% versus a gain of 17.52% for FESM.
Past performance does not guarantee future results.
Fees and Cost Over Time
FESC charges 0.55% per year while FESM charges 0.28%. On a $10,000 position that is $55 vs $28 annually, a gap of $27 per year that compounds over a long holding period. On income, FESC currently yields 0.00% against 0.87% for FESM.
Holdings Overlap
49.0% of FESC's money is in holdings FESM also owns. 13.8% of FESM's money is in holdings FESC also owns.
The two portfolios partly overlap.
86 positions in common, counted across the 181 positions we hold weights for in FESC and 883 in FESM, against full books of 184 and 875.
What only one of them owns
Our book lists 642 positions for FESM that do not appear in our book for FESC (82.7% of the fund), and 88 for FESC that do not appear in FESM (46.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FESC | Weight in FESM | Difference |
|---|---|---|---|
| CMCCommercial Metals Co | 0.86% | 0.74% | 0.12% |
| CECOCeco Environmental Corp Common Stock Usd 0.01 | 0.76% | 0.60% | 0.16% |
| HNGEHinge Health Inc | 1.04% | 0.31% | 0.73% |
| LPGDorian Lpg Ltd | 1.21% | 0.12% | 1.09% |
| PLXSPlexus Corp | 0.53% | 0.77% | 0.24% |
| GFFGriffon Corp. | 0.67% | 0.62% | 0.05% |
| CDNACaredx Inc | 1.04% | 0.21% | 0.83% |
| SONOSonos, Inc. | 0.65% | 0.59% | 0.06% |
| IBPInstalled Building Products | 0.58% | 0.64% | 0.06% |
| DCODucommun Incorporated Com | 0.82% | 0.34% | 0.48% |
49.0% of FESC is already inside FESM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FESC or FESM?
FESC has an expense ratio of 0.55% while FESM charges 0.28%. FESM is the cheaper option, by $27 a year on a $10,000 investment.
What is the holdings overlap between FESC and FESM?
49.0% of FESC's money is in holdings FESM also owns. 13.8% of FESM's is in holdings FESC also owns. They hold 86 positions in common, counted across the 181 positions we hold weights for in FESC and 883 in FESM.
Which pays a higher dividend, FESC or FESM?
FESC yields 0.00% while FESM yields 0.87%, so FESM currently pays the higher dividend yield.
Is FESM better than FESC?
FESM has a lower expense ratio. FESM is less concentrated, with 7.1% of the fund in its ten largest positions against 10.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.