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ACSV vs FESM

American Century Small Cap Value Insights ETF

ACSVBCboe

Fidelity Enhanced Small Cap ETF

FESMANYSE Arca

Overlap

Expense ratio

FESM −0.21pt a year

ACSV0.49%FESM0.28%

Avg volume · 30D

FESM 355.1×the volume

ACSV2.87KFESM1.02M

ACSV vs FESM Performance

Oct 31, 2025 – Oct 30, 2026

+24.5%ACSV+23.4%FESM

Oct 31, 2025 to Oct 30, 2026. ACSV +24.5%. FESM +23.4%. Use the arrow keys to read each point.0%10%30%Oct 2025Apr 2026Oct 2026
Expense ratio
ACSV 0.49%
FESM 0.28%, better
Fund size
ACSV $26M
FESM $6.41B
1Y total return
ACSV +24.5%, better
FESM +23.4%
Yield (12M)
ACSV No data
FESM 0.86%
Holdings
ACSV 202
FESM 892
Avg volume (30D)
ACSV 2.87K sh
FESM 1.02M sh, better
NAV per share
ACSV $48.60
FESM $45.47
52W range

ETF.net Grade

ACSV: Cost 64, Risk 83, Mission not scored, Tradability 37, Holdings 50, Durability 34. FESM: Cost 96, Risk 54, Mission 85, Tradability 93, Holdings 82, Durability 93.
Pillar letters and Scores for ACSV, FESM, with each pillar’s weight
PillarACSVFESM
Cost30% weightB64A96Higher
Mission25% weightNot scoredA85
Risk15% weightA83HigherC54
Tradability15% weightD37A93Higher
Holdings10% weightC50A82Higher
Durability5% weightD34A93Higher

Rank among US Active Small-Cap funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ACSV and FESM are both graded against the same 39 US Active Small-Cap funds, so their Grades compare head to head.

US Active Small-Cap⁠

Category · 39 funds
See all 39 ›

FESM ranks 2nd and ACSV 14th of 39 funds in the US Active Small-Cap Category.

  1. Rank 1AAVSCAvantis U.S. Small Cap Equity ETFScore 88
  2. Rank 2AFESMFidelity Enhanced Small Cap ETFScore 85
  3. Rank 3ADFSVU.S. Small Cap Value Portfolio ETF Class SharesScore 82
  4. Rank 13BFSEGFidelity Enhanced Small Cap Growth ETFScore 59
  5. Rank 14BACSVAmerican Century Small Cap Value Insights ETFScore 58
  6. Rank 15BSCDSJPMorgan Fundamental Data Science Small Core ETFScore 57

Our read on each fund

ETF.net Research

ACSVBAmerican Century Small Cap Value Insights ETF

FESMAFidelity Enhanced Small Cap ETF

In short

ACSV No data

FESM A quant small-cap strategy that has been running since 2007 and moved into an ETF wrapper in 2023 with the same mandate. It nudges the Russell 2000 rather than copying it, and charges far less than the typical active small-cap fund.

Stated mandate

ACSV No data

FESM The fund is a diversified U.S. equity strategy focused on small-cap companies. It seeks to outperform its benchmark through a quantitative process that balances risk and return.

Why people hold it

ACSV No data

  • FESM Costs 0.28% a year, roughly half the median for active US small-cap ETFs. Cheap fuel for a strategy that only needs to beat its benchmark by a little.
  • The strategy dates to 2007 as a Fidelity mutual fund and kept the same objective when it converted to an ETF in 2023. Long history, newer ticker.fidelity.com
  • A multi-billion-dollar fund that trades actively, so getting in and out tends to be straightforward. One of the stronger builds in the active small-cap group.
  • Spreads across roughly 600 small-cap names, so no single blowup dominates. This is a diversified core sleeve, not a concentrated stock-picker bet.

Worth knowing

ACSV No data

  • FESM Small caps are the choppiest corner of the US market, and this fund lives there full time. Expect a bumpier ride than a large-cap core holding.fidelity.com
  • Enhanced index means small tilts around the Russell 2000, not a break from it. Results track close to the index rather than looking dramatically different.fidelity.com
  • Cheap, but not the cheapest in the room: top-rated peers AVSC and AVUV run 0.25% and DUHP 0.20%.

Full ACSV profile⁠

Full FESM profile⁠

ACSV vs FESM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACSV vs FESM Cost

Overpaying ACSV vs FESM

$4,037

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

  • ACSV 0.49%

    $9,792

  • FESM 0.28%

    $5,755

$10,000
30 years

Cost over time

  • ACSV 0.49%
  • FESM 0.28%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ACSV $9,792FESM $5,755

Year by year

YearACSVFESMOverpaying
10$883$509$374
20$3,394$1,976$1,418
30$9,792$5,755$4,037

Expense ratio

  • 0.49%ACSV
  • 0.28%FESM, cheaper
  • Middle half of US Active Small-Cap funds
  • Median 0.55%

FESM 2nd cheapest of 39 funds

ACSV 14th cheapest of 39 funds

ACSV vs FESM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ACSV No data
FESM 0.86%
Payout (12M)
ACSV No data
FESM $0.39
Last payment
ACSV $0.11
FESM $0.10
Ex-dividend
ACSV Sep 8, 2026
FESM Sep 18, 2026
Paid on
ACSV Sep 10, 2026
FESM Sep 22, 2026
Frequency
ACSV Quarterly
FESM Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

ACSVQuarterly · 4 paymentsAll ACSV payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 16, 2025 $0.18; Mar 10, 2026 $0.07; Jun 9, 2026 $0.16; Sep 8, 2026 $0.11. Use the arrow keys to read each point.$0$0.2020232026YTD
FESMQuarterly · 13 paymentsAll FESM payments⁠
One bar per payment. 13 payments from 2023 to 2026 YTD. Nov 14, 2023 $0.11; Dec 28, 2023 $0.02; Mar 15, 2024 $0.07; Jun 21, 2024 $0.05; Sep 20, 2024 $0.07; Dec 20, 2024 $0.16; Mar 21, 2025 $0.16; Jun 20, 2025 $0.01; Sep 19, 2025 $0.05; Dec 19, 2025 $0.08; Mar 20, 2026 $0.09; Jun 18, 2026 $0.11; Sep 18, 2026 $0.10. Use the arrow keys to read each point.$0$0.2020232026YTD

ACSV vs FESM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ACSV 13.9%since Nov 2025FESM 19.6%since Dec 2023
Return per unit of riskSharpe ratio, 3 years
ACSV 1.38since Nov 2025FESM 0.97since Dec 2023
Worst fallMax drawdown, 5 years
ACSV −8.6%since Oct 2025FESM −26.9%since Nov 2023
Market sensitivityBeta, 5 years
ACSV 0.46FESM 1.34

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