FESM vs GARP: holdings overlap, shared companies and scores
As of September 11, 2026, FESM and GARP overlap 0.3% by weight. Fidelity Enhanced Small Cap ETF (FESM): U.S. small-cap stocks iShares MSCI USA Quality GARP ETF (GARP): U.S. quality growth stocks.
Updated September 11, 2026
How much do FESM and GARP overlap?
As of September 11, 2026, FESM and GARP overlap 0.3% by weight.
1% of FESM is already inside GARP.
0% of GARP is already inside FESM.
FESM holds 757 companies and GARP holds 133; 4 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FESM and GARP?
As of September 11, 2026, ETF Copilot scores FESM 6.0 out of 10 and GARP 7.6 out of 10.
They differ most on Quality: FESM 0.9 and GARP 9.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FESM | GARP |
|---|---|---|
| Growth | 6.3 | 7.2 |
| Valuation | 7.1 | 6.7 |
| Risk | 6.1 | 5.1 |
| Quality | 0.9 | 9.3 |
| Return | 8.5 | 9.1 |
GARP is the cheaper of the two at 0.15% a year
As of September 11, 2026, FESM charges 0.28% a year, yields 1.16% and holds $6.5B in assets across 757 positions.
As of September 11, 2026, GARP charges 0.15% a year, yields 0.41% and holds $3.1B in assets across 133 positions.
| Measure | FESM | GARP |
|---|---|---|
| Expense ratio | 0.28% | 0.15% |
| Dividend yield | 1.16% | 0.41% |
| Assets under management | $6.5B | $3.1B |
| Holdings | 757 | 133 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where FESM and GARP trade against their own history
FESM trades at 18.1 times earnings, against its own median of 17.9, and is more expensive than 63% of its own 35 monthly readings since 2023.
GARP trades at 30.3 times earnings, against its own median of 29.3, and is more expensive than 66% of its own 29 monthly readings since 2024.
What moved FESM this week
FESM fell 1.9% in the week to September 11, 2026. The holdings that moved it most were Navan (−24.1%), Installed Building Products (−14.1%) and Tenable (−12.7%); Maxlinear (+25.4%) pushed the other way.
What do FESM and GARP each hold?
What's inside FESM: Tech 18%, Semiconductors 3%.
8% of FESM is its ten largest holdings.
What's inside GARP: Tech 67%, Magnificent 7 27%.
43% of GARP is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FESM vs GARP holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fesm-vs-garp
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