OMFSvsFESMETF Comparison
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Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) belongs to the US Multi-Factor segment. Fidelity Enhanced Small Cap ETF (FESM) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. OMFS is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.28% for FESM. OMFS is up 15.45% year-to-date (YTD) with -$24M in YTD flows. FESM performs better with 22.88% YTD performance, and +$2.19B in YTD flows. Run a side-by-side ETF comparison of OMFS and FESM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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OMFS vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OMFS FESM | -5.54%-5.57% | -1.93%-0.75% | +15.45%+22.88% | +17.55%+28.87% | +52.79%n/a | +38.12%n/a |
| Flows | OMFS FESM | -+$255M | -$10M+$1.02B | -$24M+$2.19B | -$20M+$3.06B | -$180M- | +$78M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OMFS FESM | +11.86%+14.43% | +17.04%+18.86% | +19.93%n/a | +20.61%n/a |
| Max drawdown | OMFS FESM | -5.74%-5.87% | -9.13%-10.11% | -22.72%n/a | -29.04%n/a |
| Max drawdown duration | OMFS FESM | 30d29d | 63d81d | 284dn/a | 1095dn/a |
Trading data
OMFS | FESM | |
Last sale 9/15/2026 at 1:30 PM | $50.81 | $45.89 |
| Previous close 09/14/2026 | $51.28 | $46.15 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FESM
is actively managed and doesn’t replicate an indexOMFS | FESM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
OMFS | FESM | |
|---|---|---|
| Last price | $50.81 | $45.89 |
| 1D performance | -0.91% | -0.56% |
| AuM | $273.21 M | $6.43 B |
| E/R | 0.39% | 0.28% |
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Exposure
Countries
OMFS
USA
93.91%
Other
6.09%
FESM
USA
96.2%
Other
3.8%
Sectors
OMFS
Finance
43.33%
Healthcare
14.52%
Technology
11.96%
Industrials
7.05%
Other
23.15%
FESM
Finance
22.75%
Healthcare
19.79%
Technology
17.72%
Industrials
11.76%
Other
27.98%
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Diversification
OMFS
Total weight of top 15 holdings out of 15
15.62%
FESM
Total weight of top 15 holdings out of 15
9.93%
Top 15 holdings
Data as of July 31, 2026
OMFS
CareTrust REIT, Inc.
1.80%
FirstCash Holdings, Inc.
1.40%
Terreno Realty Corp.
1.23%
MYR Group, Inc.
1.21%
Brinker International, Inc.
1.11%
Krystal Biotech, Inc.
1.05%
Clear Secure, Inc.
1.04%
SSR Mining, Inc.
1.01%
Silicon Laboratories, Inc.
1.01%
Piper Sandler Cos.
0.91%
Moelis & Co.
0.87%
Victory Capital Holdings, Inc.
0.75%
Travere Therapeutics, Inc.
0.75%
Acadian Asset Management, Inc.
0.75%
Essent Group Ltd.
0.73%
FESM
Commercial Metals Co.
0.78%
HealthEquity, Inc.
0.76%
Oscar Health, Inc.
0.74%
Installed Building Products, Inc.
0.71%
Phillips Edison & Co., Inc.
0.69%
Option Care Health, Inc.
0.65%
WesBanco, Inc.
0.64%
ACI Worldwide, Inc.
0.64%
Tutor Perini Corp.
0.63%
EnerSys
0.63%
OUTFRONT Media, Inc.
0.62%
Plexus Corp.
0.62%
SkyWest, Inc.
0.61%
Griffon Corp.
0.61%
Clear Secure, Inc.
0.60%
Frequently asked questions about OMFS and FESM
How have the OMFS and FESM ETFs performed in 2026?
As of September 15, 2026, OMFS is up 15.45% year-to-date (YTD), while FESM has returned 22.88%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: OMFS or FESM?
Year-to-date, the OMFS ETF saw -$24M in flows, compared to +$2.19B for FESM.
Which ETF is more volatile: OMFS or FESM?
Over the past year, OMFS had a volatility of 17.04%, while FESM experienced 18.86%.
Which ETF is bigger: OMFS or FESM?
As of September 15, 2026, OMFS holds $273.21 M in assets under management (AUM), while FESM manages $6.43 B.
What sectors do the OMFS and FESM ETFs invest in?
OMFS leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FESM focuses on Finance, Healthcare and Technology.
What are the top holdings of the OMFS ETF and FESM ETF?
OMFS top holdings include CareTrust REIT, Inc., FirstCash Holdings, Inc. and Terreno Realty Corp.. FESM holds in its top three: Commercial Metals Co., HealthEquity, Inc. and Oscar Health, Inc..
Which ETF is more diversified: OMFS or FESM?
OMFS holds 1112 securities with 15.62% of its assets in the top 15. FESM has 781 securities and a top 15 weight of 9.93%.
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Latest news about OMFS & FESM
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FESM
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FESM
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