Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Fidelity Enhanced Small Cap Growth ETF
$25.89−0.12 (−0.47%)
- 0.28%
- $7M
- 0M sh
- $25.99
- low $25.05high $29.09
The ETF.net FSEG Grade
B
Score 60 out of 100
- 12 of 41
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A96 out of 100Rank 2 of 41Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D30 out of 100Rank 30 of 38Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 34 of 41Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 14 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D28 out of 100Rank 35 of 41
Our read on FSEG
BActive small-cap growth without the active-management price tag. Fidelity's enhanced playbook keeps the portfolio anchored to the Russell 2000 Growth Index, then tilts toward valuation, growth and quality signals, for 0.28% a year.
The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 2000 Growth Index. Its research-driven process may consider valuation, growth, quality, and other long-term return drivers.
Why people hold it
- Costs 0.28% a year, roughly half the 0.52% median for active US small-cap funds in its peer group. That is index-fund pricing on a stock-picking mandate.
- Benchmark-anchored by design: normally at least 80% of assets sit in Russell 2000 Growth Index stocks, so the research shows up as tilts rather than wholesale bets.institutional.fidelity.com
- Roughly 300 names, so any single small-cap stumble carries limited weight. Breadth is the point in a corner of the market where individual stories break often.
- Part of a family running the same enhanced approach across the size range. The core version, FESM, is among the strongest implementations in this cohort at the identical 0.28% fee.
Worth knowing
- A 2026 launch, so the live record is short. You can see the fee and the process; the performance history is still being written.
- Small asset base and light trading volume. Wider bid-ask spreads come with the territory versus the household-name funds in the category.
- Small-cap growth is the choppy end of US equities, and staying close to that benchmark means riding its swings rather than sidestepping them.
FSEG Holdings
- Stocks
- 493
- 9%
- GKOS
Sectors
- Health Care30.0%
- Technology25.2%
- Industrials15.1%
- Consumer Discretionary8.6%
- Financials6.7%
- Materials4.9%
- Energy3.9%
- Communication3.2%
- Real Estate1.4%
- Consumer Staples1.1%
Geography
- United States97.65%
- Cayman Islands0.61%
- Ireland0.57%
- Canada0.37%
- Bermuda0.28%
- Puerto Rico0.20%
- Israel0.12%
- Luxembourg0.12%
- 0.07%
FSEG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FSEG$9,393
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FSEG |
|---|---|
| Year to date | — |
| 1 month | −1.7% |
| 3 months | −6.1% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FSEG |
|---|---|---|
| 2026 YTD | +3.5% |
FSEG in the news
FSEG Dividends
- $0.01 per share
- Quarterly
Distribution data unavailable.
Distribution history
FSEG Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FSEG Cost
0.28%
FSEG0.28%
- The middle half of US Active Small-Cap funds
- Median 0.55%
1 of the 39 US Active Small-Cap funds charge less.
Other funds in US Active Small-Cap
- BSQLVRoyce Quant Small-Cap Quality Value ETFExpense ratio 0.60%1 year return +29.2%
- BSCDSJPMorgan Fundamental Data Science Small Core ETFExpense ratio 0.40%1 year return +27.9%
- BSEISSEI Exchange Traded Funds - SEI Select Small Cap ETFExpense ratio 0.55%1 year return +17.8%
- BESSCEventide Small Cap ETFExpense ratio 0.49%1 year return +17.7%
- BFSCCFederated Hermes MDT Small Cap Core ETFExpense ratio 0.50%1 year return +18.9%