Performance analysis of FESM (FIDELITY ENHANCED SMALL CAP ETF)
Annual Return
Since Nov 20, 2023, FESM has had an average annual return of +27.94%, outperforming the benchmark SPY, which returned +24.01% annual.
| 2026 | 2025 | 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +21.47% | +17.88% | +16.22% | +12.19% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.97% | +0.86% | -4.77% | +14.32% | +4.88% | +0.48% | +21.47% | ||||||
| 2025 | +3.73% | -5.69% | -6.37% | -2.81% | +6.11% | +5.28% | +2.34% | +8.58% | +2.99% | +1.69% | +1.99% | -0.15% | +17.88% |
| 2024 | -2.14% | +6.15% | +3.01% | -6.89% | +4.71% | -0.51% | +10.33% | -0.34% | +0.80% | -1.14% | +12.17% | -8.89% | +16.22% |
| 2023 | -0.54% | +12.80% | +12.19% |
Drawdown analysis of FESM (FIDELITY ENHANCED SMALL CAP ETF)
The maximum drawdown for the FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 97 trading sessions.
The current FESM drawdown is -0.09%.
Since Nov 20, 2023 FESM has experienced the following drawdowns:
- 20% or more: 1 time
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.93% | Dec 2, 2024 | 86 | Apr 8, 2025 | 97 | Aug 27, 2025 | 183 |
| -10.18% | Jan 22, 2026 | 46 | Mar 30, 2026 | 10 | Apr 14, 2026 | 56 |
| -9.60% | Jul 31, 2024 | 3 | Aug 5, 2024 | 32 | Sep 19, 2024 | 35 |
| -8.39% | Mar 28, 2024 | 15 | Apr 19, 2024 | 56 | Jul 11, 2024 | 71 |
| -7.57% | Oct 27, 2025 | 18 | Nov 20, 2025 | 5 | Nov 28, 2025 | 23 |
| -6.28% | Dec 27, 2023 | 13 | Jan 17, 2024 | 18 | Feb 12, 2024 | 31 |
| -5.09% | Nov 11, 2024 | 4 | Nov 15, 2024 | 6 | Nov 25, 2024 | 10 |
| -4.73% | May 6, 2026 | 9 | May 19, 2026 | 4 | May 26, 2026 | 13 |
| -4.08% | Oct 8, 2025 | 2 | Oct 10, 2025 | 3 | Oct 15, 2025 | 5 |
| -3.62% | Feb 12, 2024 | 1 | Feb 13, 2024 | 2 | Feb 15, 2024 | 3 |
| -3.59% | Dec 11, 2025 | 4 | Dec 17, 2025 | 12 | Jan 6, 2026 | 16 |
| -3.59% | Feb 15, 2024 | 3 | Feb 21, 2024 | 7 | Mar 1, 2024 | 10 |
| -3.58% | Oct 16, 2024 | 11 | Oct 31, 2024 | 4 | Nov 6, 2024 | 15 |
| -3.57% | Jul 16, 2024 | 3 | Jul 19, 2024 | 5 | Jul 26, 2024 | 8 |
| -3.23% | Mar 7, 2024 | 7 | Mar 18, 2024 | 3 | Mar 21, 2024 | 10 |
| -2.86% | Sep 19, 2024 | 10 | Oct 3, 2024 | 7 | Oct 14, 2024 | 17 |
| -2.22% | Sep 22, 2025 | 3 | Sep 25, 2025 | 9 | Oct 8, 2025 | 12 |
| -1.80% | Oct 15, 2025 | 2 | Oct 17, 2025 | 2 | Oct 21, 2025 | 4 |
| -1.73% | Dec 19, 2023 | 1 | Dec 20, 2023 | 2 | Dec 22, 2023 | 3 |
| -1.61% | Mar 21, 2024 | 3 | Mar 26, 2024 | 1 | Mar 27, 2024 | 4 |
| -1.55% | Dec 4, 2023 | 2 | Dec 6, 2023 | 4 | Dec 12, 2023 | 6 |
| -1.43% | Oct 21, 2025 | 1 | Oct 22, 2025 | 2 | Oct 24, 2025 | 3 |
| -1.23% | Aug 28, 2025 | 3 | Sep 3, 2025 | 1 | Sep 4, 2025 | 4 |
| -1.21% | Nov 28, 2025 | 1 | Dec 1, 2025 | 2 | Dec 3, 2025 | 3 |
| -1.16% | Jan 16, 2026 | 1 | Jan 20, 2026 | 1 | Jan 21, 2026 | 2 |