FSEV vs IWN
Fidelity Enhanced Small Cap Value ETF vs iShares Russell 2000 Value ETF
Which is better, FSEV or IWN?
IWN costs less.
IWN has a lower expense ratio. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 8.9%.
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 | FSEV | IWN |
|---|---|---|
| Expense Ratio | 0.28% | 0.24%Best |
| AUM | $8M | $13.8B |
| Dividend Yield | 0.65% | 1.55% |
| Holdings | 876 | 1,393 |
| YTD Return | +1.86% | +14.77%Best |
| 1Y Return | - | +17.60% |
| 3Y Return (annualized) | - | +18.07% |
| 5Y Return (annualized) | - | +6.58% |
| Top 10 Weight | 8.9% | 5.4%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Small Cap Value |
| Inception | Apr 28, 2026 | Jul 24, 2000 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FSEV vs IWN 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.
FSEV vs IWN Performance
Fidelity Enhanced Small Cap Value ETF (FSEV) is an ETF from Fidelity Investments (US) and iShares Russell 2000 Value ETF (IWN) is an ETF from iShares by BlackRock (US). Year to date, FSEV is up 1.86% versus a gain of 14.77% for IWN.
Past performance does not guarantee future results.
Fees and Cost Over Time
FSEV charges 0.28% per year while IWN charges 0.24%. On a $10,000 position that is $28 vs $24 annually, a gap of $4 per year that compounds over a long holding period. On income, FSEV currently yields 0.65% against 1.55% for IWN.
Holdings Overlap
83.4% of FSEV's money is in holdings IWN also owns. 48.5% of IWN's money is in holdings FSEV also owns.
Most of FSEV is already inside IWN. Owning both mostly buys the same companies twice.
367 positions in common, counted across the 434 positions we hold weights for in FSEV and 1,290 in IWN, against full books of 876 and 1,393.
What only one of them owns
Our book lists 784 positions for IWN that do not appear in our book for FSEV (46.4% of the fund), and 51 for FSEV that do not appear in IWN (11.8%).
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 FSEV | Weight in IWN | Difference |
|---|---|---|---|
| UMBFUmb Financial Corp. | 0.87% | 0.60% | 0.27% |
| PBFPbf Energy Inc | 0.85% | 0.55% | 0.30% |
| CTRECaretrust Reit Inc Reit Usd.01 | 0.72% | 0.58% | 0.14% |
| CMCCommercial Metals Co | 0.89% | 0.40% | 0.49% |
| HOMBHome Bancshares Inc/ar | 0.84% | 0.38% | 0.46% |
| JXNJackson Financial Inc USD | 0.64% | 0.54% | 0.10% |
| NSITInsight Enterprises Inc | 0.85% | 0.33% | 0.52% |
| FLRFluor Corp | 0.83% | 0.33% | 0.50% |
| PECOPhillips Edison & Company Inc. | 0.80% | 0.34% | 0.46% |
| CNOCno Financial Group Inc | 0.80% | 0.34% | 0.46% |
83.4% of FSEV is already inside IWN.
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, FSEV or IWN?
FSEV has an expense ratio of 0.28% while IWN charges 0.24%. IWN is the cheaper option, by $4 a year on a $10,000 investment.
What is the holdings overlap between FSEV and IWN?
83.4% of FSEV's money is in holdings IWN also owns. 48.5% of IWN's is in holdings FSEV also owns. They hold 367 positions in common, counted across the 434 positions we hold weights for in FSEV and 1,290 in IWN.
Which pays a higher dividend, FSEV or IWN?
FSEV yields 0.65% while IWN yields 1.55%, so IWN currently pays the higher dividend yield.
Is IWN better than FSEV?
IWN has a lower expense ratio. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 8.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.