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Launched

Fidelity Enhanced Small Cap Value ETF

FSEVNYSE ArcaB

$25.820.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

B63/ 100

Rank 19 of 66 in US Active Value

B63/100Rank 19 of 66inUS Active Value
Intraday session: flat, 1 prints from 25.82 to 25.82. Range 25.82 to 25.82. Use the arrow keys to read each point.25.0025.5026.5010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$8M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
437
Avg volume · 30D
0M sh
NAV per share
$25.81
52W range
low $24.41high $27.97
Launched

The ETF.net FSEV Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
US Active Value⁠
Rank
19 of 66
Six-pillar profile for FSEV. Scores out of 100: Cost 86, Risk 43, Mission not scored, Tradability 36, Holdings 87, Durability 23. Strongest: Holdings (87). Weakest: Durability (23). Based on 5 of 6 pillars.

Score 63 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.
    A86 out of 100
    Rank 9 of 66

  • 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.
    C43 out of 100
    Rank 39 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 49 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A87 out of 100
    Rank 2 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F23 out of 100
    Rank 61 of 66

Our read on FSEV

ETF.net Research

BFidelity's quants running active small-cap value, anchored to the Russell 2000 Value Index and priced at 0.28% a year. The market's dustiest corner, played cheap, by a fund that only opened its doors in 2026.

Stated mandate

The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 2000 Value Index, which represents the U.S. small-cap value segment.

Why people hold it

  1. 010.28% a year for active management, well under what the typical active US small-cap fund charges.
  2. 02At least 80% of assets sit in Russell 2000 Value names, spread across roughly 400 stocks. The active decisions happen inside the index, not off the map.
  3. 03Undercuts BSVO on fee and lands within a few basis points of AVUV, the other funds benchmarked to the same Russell 2000 Value index.
  4. 04Uses Fidelity's Enhanced quant approach, the same playbook behind sibling FESM, which stands among the strongest entries in this small-cap group.

Worth knowing

  1. 01Opened in 2026: short track record, modest asset base, and lighter trading than the category's household names, which can mean wider bid-ask spreads.
  2. 02Active by design, so the model's picks can diverge from the Russell 2000 Value Index in either direction.
  3. 03Distributions arrive once or twice a year, not monthly.

FSEV Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
437
Top-10 weight
9%
Largest holding
Net Other Assets1.5%

Sectors

  • Financials29.2%
  • Industrials13.2%
  • Technology11.3%
  • Health Care10.8%
  • Consumer Discretionary9.2%
  • Real Estate7.0%
  • Energy6.6%
  • Materials5.1%
  • Utilities3.3%
  • Communication2.6%
  • Consumer Staples1.6%

Geography

  • United States93.67%
  • Bermuda2.99%
  • Switzerland0.76%
  • Brazil0.60%
  • Ireland0.56%
  • Luxembourg0.50%
  • Puerto Rico0.44%
  • Israel0.29%
  • Other countries (2)0.18%
The fund’s holdings, weight-ordered — page 1 of 30.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets1.49%0$115K141
002CMCCommercial Metals Co0.89%1,084$69K176
003PBFPbf Energy Inc Class A0.89%817$69K163
004NSITInsight Enterprises Inc0.87%411$67K132
005UMBFUmb Financial Corp0.86%514$67K161
006FLRFluor Corp0.84%1,288$65K145
007HOMBHome Bancshares Inc0.83%2,283$64K128
008PECOPhillips Edison & Co0.80%1,640$62K131
009BFHBread Financial Holdings Inc0.80%612$62K156
010CNOCno Financial Group Inc0.79%1,158$61K138
011OPCHOption Care Health Inc0.79%1,959$61K141
012CTRECaretrust Reit Inc0.71%1,532$55K150
013VACMarriott Vacations World0.71%520$55K102
014OPLNOpenlane Inc0.70%1,478$54K130
015IOSPInnospec Inc0.69%557$53K110

Showing 1–15 of 437 holdings

FSEV 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.
FSEV$9,782
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FSEV $9,782. SPY $10,332. Use the arrow keys to read each point.$9,576$10,021$10,465Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for FSEV. Periods over one year show the average yearly return.
PeriodFSEV
Year to dateFund launched this year—
1 month−2.2%
3 months−2.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 FSEV
YearReturn barFSEV
2026 YTD+3.2%

History from Apr 30, 2026

FSEV in the news

Filtered to FSEV · US Active Value

FSEV Dividends

Last payment
$0.09 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 $0.07; Sep 18, 2026 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.09
Jun 18, 2026Jun 23, 2026$0.07

FSEV Risk

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.
−0.12
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.

FSEV Cost

Expense ratio0.28%
  • The middle half of US Active Value funds
  • Median 0.55%

8 of the 66 US Active Value funds charge less.

FSEV costs $28.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

See others