FESM vs SMLF: holdings overlap, shared companies and scores
As of October 28, 2026, FESM and SMLF overlap 18.9% by weight. Fidelity Enhanced Small Cap ETF (FESM): U.S. small-cap stocks iShares U.S. Small-Cap Equity Factor ETF (SMLF): U.S. small-cap factor stocks.
Updated October 28, 2026
Where FESM and SMLF trade against their own history
FESM trades at 18.0 times earnings, against its own median of 18.0, and is cheaper than 53% of its own last 3 years.
SMLF trades at 17.9 times earnings, against its own median of 16.2, and is more expensive than 66% of its own last 9 years.
What moved FESM and SMLF this week
FESM rose 1.2% in the week to October 28, 2026. The holdings that moved it most were Twist Bioscience (+16.3%), Axogen (+35.0%) and Tenable (+19.8%); Ceco Environmental (−16.9%) pushed the other way.
SMLF rose 0.7% in the week to October 28, 2026. The holdings that moved it most were Range Resources (+30.1%), Ryder System (+14.7%) and Rubrik (+13.0%); XP (−47.1%) pushed the other way.
What do FESM and SMLF each hold?
What's inside FESM: Tech 19%, Semiconductors 3%.
9% of FESM is its ten largest holdings.
What's inside SMLF: Tech 17%, Semiconductors 3%.
6% of SMLF is its ten largest holdings.
How much do FESM and SMLF overlap? 18.9% by weight
As of October 28, 2026, FESM and SMLF overlap 18.9% by weight.
55% of FESM is already inside SMLF.
23% of SMLF is already inside FESM.
FESM holds 727 companies and SMLF holds 937; 299 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 SMLF? 5.1 and 3.9 out of 10
As of October 28, 2026, ETF Copilot scores FESM 5.1 out of 10 and SMLF 3.9 out of 10.
They differ most on Value: FESM 6.4 and SMLF 3.6.
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 | SMLF |
|---|---|---|
| Growth | 5.3 | 3.0 |
| Value | 6.4 | 3.6 |
| Risk | 3.5 | 4.0 |
| Quality | 0.6 | 1.7 |
| Return | 8.2 | 6.3 |
SMLF is the cheaper of the two at 0.15% a year
As of October 28, 2026, FESM charges 0.28% a year, yields 0.83% and holds $6.7B in assets across 727 positions.
As of October 28, 2026, SMLF charges 0.15% a year, yields 0.99% and holds $4.2B in assets across 937 positions.
| Measure | FESM | SMLF |
|---|---|---|
| Expense ratio | 0.28% | 0.15% |
| Dividend yield | 0.83% | 0.99% |
| Assets under management | $6.7B | $4.2B |
| Holdings | 727 | 937 |
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.
Compare with similar funds
Cite this
ETF Copilot, “FESM vs SMLF holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/fesm-vs-smlf
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