Skip to content
etf.net

Launched

Fidelity Enhanced Small Cap Value ETF

FSEVNYSE ArcaFidelityB

$26.58+0.27 (+1.04%)

As of Nov 2, 2026, 3:33 PM ET

B63/ 100

Rank 17 of 66 in US Active Value

B63/100Rank 17 of 66inUS Active Value
Intraday session: up, 74 prints from 26.31 to 26.58. Range 26.54 to 26.66. Use the arrow keys to read each point.26.4026.5010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$8M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
426
Avg volume · 30D
2.05K sh
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
17 of 66
Six-pillar profile for FSEV. Scores out of 100: Cost 85, Risk 43, Mission not scored, Tradability 39, Holdings 87, Durability 24. Strongest: Holdings (87). Weakest: Durability (24). 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.
    A85 out of 100
    Rank 10 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 40 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 43 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.
    F24 out of 100
    Rank 61 of 66

Our read on FSEV

ETF.net Research

In short

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

  • 0.28% a year for active management, well under what the typical active US small-cap fund charges.
  • At 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.
  • Undercuts BSVO on fee and lands within a few basis points of AVUV, the other funds benchmarked to the same Russell 2000 Value index.
  • Uses Fidelity's Enhanced quant approach, the same playbook behind sibling FESM, which stands among the strongest entries in this small-cap group.

Worth knowing

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

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$9,896
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. FSEV $9,896. SPY $10,141. Use the arrow keys to read each point.$9,500$10,000$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month+3.4%
3 months−1.0%
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 FSEV
YearReturn barFSEV
2026 YTD+5.2%

History from Apr 30, 2026

FSEV in the news

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

Risk pillarC43 out of 100Rank 40 of 65 in US Active Value
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.

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

FSEV Cost

Compare FSEV and WTV

Overpaying vs WTV, cheapest in US Active Value

$3,235

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

  • FSEV 0.28%

    $5,755

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • FSEV 0.28%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FSEV $5,755WTV $2,520

Year by year

YearFSEVWTVOverpaying
10$509$220$289
20$1,976$859$1,117
30$5,755$2,520$3,235

Other funds in US Active Value

See others