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Fidelity Enhanced Small Cap Core ETF outperforms Russell 2000 indexes over 10 years with a multi-factor strategy.

Others
12 May 2026
Seeking Alpha
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Bullish
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The Fidelity Enhanced Small Cap Core ETF (FESM) is an actively managed fund launched in 2007 that aims to outperform the Russell 2000 index using a multi-factor investment approach. Over the past 10 years, FESM has consistently delivered returns higher than the Russell 2000, Russell 2000 Value, and Russell 2000 Growth indexes. While it leads key competitors over a 3-year period, it slightly trails some rivals over 5 and 10 years. Its diversified portfolio, moderate fees, and strong long-term performance make it a solid choice for investors seeking exposure to small-cap stocks either for long-term growth or tactical allocation.

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