Skip to content
etf.net

Launched

Fidelity Enhanced Small Cap Growth ETF

FSEGNYSE ArcaFidelityB

$26.29+0.15 (+0.57%)

As of Nov 10, 2026, 9:46 AM ET

B61/ 100

Rank 10 of 41 in US Active Small-Cap

B61/100Rank 10 of 41inUS Active Small-Cap
Intraday session: up, 4 prints from 26.14 to 26.29. Range 26.29 to 26.29. Use the arrow keys to read each point.26.1826.2026.2326.2510 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$8M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
480
Avg volume · 30D
2.34K sh
52W range
low $24.74high $29.09
Launched

The ETF.net FSEG Grade

Based on 5 of 6 pillars

B

Score 61 out of 100

Category
US Active Small-Cap⁠
Rank
10 of 41
Six-pillar profile for FSEG. Scores out of 100: Cost 96, Risk 17, Mission not scored, Tradability 42, Holdings 69, Durability 29. Strongest: Cost (96). Weakest: Risk (17). Based on 5 of 6 pillars.

Score 61 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 100
    Rank 2 of 41

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 37 of 39

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 27 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B69 out of 100
    Rank 15 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 34 of 41

Our read on FSEG

ETF.net Research

In short

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.

Stated mandate

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.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

Holdings pillarB69 out of 100Rank 15 of 41 in US Active Small-Cap
Asset class
Stocks
Holdings
480
Top-10 weight
9%
Largest holding
GKOS1.4%

Sectors

  • Health Care29.2%
  • Technology19.8%
  • Industrials15.7%
  • Financials11.4%
  • Consumer Discretionary8.7%
  • Materials5.2%
  • Energy4.1%
  • Communication3.1%
  • Real Estate1.3%
  • Consumer Staples0.9%
  • Utilities0.5%

Geography

  • United States99.42%
  • Canada0.31%
  • Australia0.23%
  • Taiwan0.04%
The fund’s holdings, weight-ordered — page 1 of 32.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1GKOSGlaukos Corp1.41%475$107K139
2BTSGBrightspring Hlth Services Inc1.09%1,229$82.5K161
3YOUClear Secure Inc1.01%1,367$76.3K176
4OSCROscar Health Inc - Class A0.98%2,419$74.1K140
5HNGEHinge Health Inc0.83%543$62.9K126
6ANFAbercrombie & Fitch Co Class A0.83%419$62.7K184
7IBPInstalled Building Prod Inc0.82%281$61.8K145
8ATMUAtmus Filtration Techn Inc0.81%1,216$61.5K125
9HQYHealthequity Inc0.79%575$59.6K163
10BCPCBalchem Corp0.78%336$58.6K143
11No dataCash Cf0.74%56,018$56K59
12PLXSPlexus Corp0.73%285$54.8K139
13BGCBgc Group Inc A0.72%5,185$54.3K118
14CAKECheesecake Factory Inc0.72%508$54.2K137
15ENSEnersys Inc0.71%366$53.8K202

Showing 1–15 of 480 holdings

FSEG Performance

Launched Apr 28, 2026

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$9,330
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. FSEG $9,330. SPY $9,758. Use the arrow keys to read each point.$9,000$9,500$10,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for FSEG. Periods over one year show the average yearly return.
PeriodFSEG
Year to dateFund launched this yearNo data
1 month−0.4%
3 months−6.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FSEG
YearReturn barFSEG
2026 YTD+3.6%

History from Apr 30, 2026

FSEG in the news

FSEG Dividends

Last payment
$0.01 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 18, 2026 $0.009; Sep 18, 2026 $0.01. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.01
Jun 18, 2026Jun 23, 2026$0.009

FSEG Risk

Risk pillarF17 out of 100Rank 37 of 39 in US Active Small-Cap
How much the fund’s monthly returns vary, scaled to a year.
Launched Apr 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Apr 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Apr 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.79
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FSEG Cost

Compare FSEG and AVSC

Overpaying vs AVSC, cheapest in US Active Small-Cap

$596

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FSEG 0.28%

    $5,755

  • AVSC 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FSEG 0.28%
  • AVSC 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FSEG $5,755AVSC $5,159

Year by year

YearFSEGAVSCOverpaying
10$509$455$54
20$1,976$1,769$207
30$5,755$5,159$596

Other funds in US Active Small-Cap

See others