FESM vs TSEE
Fidelity Enhanced Small Cap Core ETF vs T. Rowe Price Small-Cap ETF
Which is better, FESM or TSEE?
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 14.7%.
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 | TSEE |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.59% |
| AUM | $6.4B | $10M |
| Dividend Yield | 0.87% | 0.00% |
| Holdings | 875 | 220 |
| YTD Return | +19.03%Best | -3.59% |
| 1Y Return | +22.08% | - |
| 3Y Return (annualized) | +23.45% | - |
| Top 10 Weight | 7.1%Best | 14.7% |
| Fund Family | Fidelity Investments (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Nov 20, 2023 | Sep 16, 2026 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
FESM vs TSEE 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.
FESM vs TSEE Performance
Fidelity Enhanced Small Cap Core ETF (FESM) is an ETF from Fidelity Investments (US) and T. Rowe Price Small-Cap ETF (TSEE) is an ETF from T.Rowe Price. Year to date, FESM is up 19.03% versus a loss of 3.59% for TSEE.
Past performance does not guarantee future results.
Fees and Cost Over Time
FESM charges 0.28% per year while TSEE charges 0.59%. On a $10,000 position that is $28 vs $59 annually, a gap of $31 per year that compounds over a long holding period. On income, FESM currently yields 0.87% against 0.00% for TSEE.
Holdings Overlap
14.7% of FESM's money is in holdings TSEE also owns. 31.6% of TSEE's money is in holdings FESM also owns.
The two portfolios partly overlap.
71 positions in common, counted across the 883 positions we hold weights for in FESM and 220 in TSEE, against full books of 875 and 220.
What only one of them owns
Our book lists 129 positions for TSEE that do not appear in our book for FESM (58.8% of the fund), and 649 for FESM that do not appear in TSEE (81.8%).
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 TSEE | Difference |
|---|---|---|---|
| OSCROscar Health, Inc. | 0.74% | 1.19% | 0.45% |
| BTSGBrightspring Health | 0.57% | 1.30% | 0.73% |
| DYNDynegy | 0.03% | 1.76% | 1.73% |
| GOGrocery Outlet Holding Corp | 0.09% | 1.27% | 1.18% |
| KYMRKymera Therapeutics Inc | 0.08% | 1.27% | 1.19% |
| KODKodiak Sciences Inc | 0.22% | 1.08% | 0.86% |
| CTRECaretrust Reit Inc Reit Usd.01 | 0.14% | 1.04% | 0.90% |
| MIRMirion Technologies Inc | 0.06% | 1.12% | 1.06% |
| ESEEsco Technologies Inc | 0.11% | 1.04% | 0.93% |
| MGYMagnolia Oil & Gas Corp | 0.00% | 1.15% | 1.15% |
31.6% of TSEE 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 TSEE?
FESM has an expense ratio of 0.28% while TSEE charges 0.59%. FESM is the cheaper option, by $31 a year on a $10,000 investment.
What is the holdings overlap between FESM and TSEE?
31.6% of TSEE's money is in holdings FESM also owns. 31.6% of TSEE's is in holdings FESM also owns. They hold 71 positions in common, counted across the 883 positions we hold weights for in FESM and 220 in TSEE.
Which pays a higher dividend, FESM or TSEE?
FESM yields 0.87% while TSEE yields 0.00%, so FESM currently pays the higher dividend yield.
Is TSEE better than FESM?
FESM has a lower expense ratio. FESM is less concentrated, with 7.1% of the fund in its ten largest positions against 14.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.