FESM vs SCDS
Fidelity Enhanced Small Cap Core ETF vs JPMorgan Fundamental Data Science Small Core ETF
Which is better, FESM or SCDS?
Nearly the same fund. FESM costs less.
FESM has a lower expense ratio. FESM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. FESM is less concentrated, with 7.1% of the fund in its ten largest positions against 12.9%.
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 | FESM | SCDS |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.40% |
| AUM | $6.4B | $9M |
| Dividend Yield | 0.87% | 1.12% |
| Holdings | 875 | 279 |
| YTD Return | +17.52%Best | +17.38% |
| 1Y Return | +21.75%Best | +21.08% |
| 3Y Return (annualized) | +22.94% | - |
| Volatility (annualized) | 19.3% | 17.7%Best |
| Max Drawdown | -26.9% | -26.7%Best |
| $10,000 over 2.2 years | $15,326Best | $14,139 |
| Top 10 Weight | 7.1%Best | 12.9% |
| Fund Family | Fidelity Investments (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Nov 20, 2023 | Aug 7, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 8, 2024 to Oct 14, 2026 (2.2 years).
FESM vs SCDS 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 covers the 2.2 years both funds cover.
FESM vs SCDS Performance
Fidelity Enhanced Small Cap Core ETF (FESM) is an ETF from Fidelity Investments (US) and JPMorgan Fundamental Data Science Small Core ETF (SCDS) is an ETF from J.P. Morgan Asset Management. Over the past year FESM returned +21.75% while SCDS returned +21.08%. Year to date, FESM is up 17.52% versus a gain of 17.38% for SCDS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FESM has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 17.7% for SCDS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.9% for FESM and -26.7% for SCDS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FESM charges 0.28% per year while SCDS charges 0.40%. On a $10,000 position that is $28 vs $40 annually, a gap of $12 per year that compounds over a long holding period. On income, FESM currently yields 0.87% against 1.12% for SCDS.
Holdings Overlap
31.4% of FESM's money is in holdings SCDS also owns. 54.9% of SCDS's money is in holdings FESM also owns.
The two portfolios partly overlap.
150 positions in common, counted across the 883 positions we hold weights for in FESM and 274 in SCDS, against full books of 875 and 279.
What only one of them owns
Our book lists 113 positions for SCDS that do not appear in our book for FESM (41.9% of the fund), and 587 for FESM that do not appear in SCDS (65.7%).
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 FESM | Weight in SCDS | Difference |
|---|---|---|---|
| TWSTTwist Bioscience Corp. | 0.50% | 1.36% | 0.86% |
| WSFSWsfs Financial Corp Common Stock | 0.57% | 0.91% | 0.34% |
| PLXSPlexus Corp | 0.77% | 0.70% | 0.07% |
| LTHLife Time Inc | 0.50% | 0.87% | 0.37% |
| ENSEnersys | 0.72% | 0.54% | 0.18% |
| CMCCommercial Metals Co | 0.74% | 0.46% | 0.28% |
| HQYHealthequity Inc | 0.62% | 0.54% | 0.08% |
| OSCROscar Health, Inc. | 0.74% | 0.36% | 0.38% |
| BCPCBalchem Corp | 0.57% | 0.51% | 0.06% |
| MCRIMonarch Casino & Resort Inc | 0.20% | 0.86% | 0.66% |
54.9% of SCDS 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, FESM or SCDS?
FESM has an expense ratio of 0.28% while SCDS charges 0.40%. FESM is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FESM or SCDS?
Over the past year FESM returned +21.75% vs +21.08% for SCDS, so FESM leads on 1-year performance. Over the longest common window we track (2 years), FESM annualized +21.42% vs +17.05% for SCDS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FESM or SCDS?
FESM has been the more volatile fund at 19.3% annualized versus 17.7% for SCDS. Worst drawdown: FESM -26.9% vs SCDS -26.7%.
Should I hold both FESM and SCDS?
FESM and SCDS have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FESM and SCDS?
54.9% of SCDS's money is in holdings FESM also owns. 54.9% of SCDS's is in holdings FESM also owns. They hold 150 positions in common, counted across the 883 positions we hold weights for in FESM and 274 in SCDS.
Which pays a higher dividend, FESM or SCDS?
FESM yields 0.87% while SCDS yields 1.12%, so SCDS currently pays the higher dividend yield.
Is SCDS better than FESM?
FESM has a lower expense ratio. FESM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. FESM is less concentrated, with 7.1% of the fund in its ten largest positions against 12.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.