FESM Stock Summary and Trading Ideas (Fidelity Enhanced Small Cap ETF | ARCA:FESM)

Normally investing at least 80% of assets in common stocks included in the Russell 2000 Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell 2000 Index.

Fidelity Enhanced Small Cap ETF trades on the ARCA stock market under the symbol FESM.

As of February 27, 2026, FESM stock price declined to $40.00 with 503,387 million shares trading.

FESM has a beta of 1.04, meaning it tends to be more sensitive to market movements. FESM has a correlation of 0.76 to the broad based SPY ETF.

FESM has a market cap of $4.10 billion. This is considered a Mid Cap stock.

FESM has outperformed the market in the last year with a return of +29.0%, while the SPY ETF gained +18.5%. In the last 3 month period, FESM beat the market returning +6.2%, while SPY returned +1.2%. However, in the most recent 2 weeks FESM has underperformed the stock market by returning -0.2%, while SPY returned +0.6%.

FESM support price is $40.05 and resistance is $41.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FESM shares will trade within this expected range on the day.