See what your fund actually adds
Fidelity Enhanced Small Cap Core ETF FESM
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FESM | Replication |
|---|---|---|
| Annualized growth | 10.6% | 6.0% |
| Annualized volatility | 20.9% | 20.4% |
| Sharpe ratio | 0.59 | 0.39 |
| Maximum drawdown | 29.3% | 30.9% |
| Replication fit (R²) | 0.98 · Tracking error 2.7% | |
Replication portfolio
The published portfolio below is the investable basket used to model FESM’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| IJR | US Small Cap | 50.7% |
| IWC | Micro Cap | 25.3% |
| VBK | Small-Cap · Growth | 20.2% |
| MTUM | Factor · Momentum | 3.9% |