Skip to contentHome page Seeking Alpha - Power to InvestorsNov. 12, 2025 4:24 PM ETFidelity Enhanced Small Cap ETF (FESM)IWM, BE, CRDO, GH, KTOS, LUMN, CDE, HL, FN, CMC, CTRE, AVUV, IWN, IWO, CALF, RWJ, HL.PR.B, FESMFred PiardInvesting Group LeaderCommentsSummaryFidelity Enhanced Small Cap ETF employs a proprietary multi-factor approach to select and weight nearly 600 U.S. small-cap stocks.FESM has consistently outperformed the Russell 2000, Russell 2000 Value, and Russell 2000 Growth indexes over the past decade.While FESM's recent returns are strong, RWJ and AVUV have more compelling track records.FESM offers broad diversification, reasonable expense ratio and beats its benchmark, making it a sensible choice for small-cap exposure.Dragon Claws/iStock via Getty ImagesFESM strategyFidelity Enhanced Small Cap ETF (FESM) is an actively managed fund launched on 12/20/2007 and listed as an ETF in November 2023. Historical prices are available from 11/20/2023 at data providers. FESM hasMore on my IG serviceQuantitative Risk & Value (QRV) provides you with risk indicators and data-driven, time-tested strategies. Get started now.This article was written byFred Piard16.2K FollowersFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For YouTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.