XSHQvsFESMETF Comparison
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Invesco S&P SmallCap Quality ETF (XSHQ) belongs to the US Multi-Factor segment. Fidelity Enhanced Small Cap ETF (FESM) is part of the US Small Cap segment. XSHQ's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FESM's top sector exposures are Finance, Technology and Healthcare. XSHQ is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.28% for FESM. XSHQ is up 14.71% year-to-date (YTD) with +$34M in YTD flows. FESM performs better with 24.67% YTD performance, and +$1.71B in YTD flows. Run a side-by-side ETF comparison of XSHQ 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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XSHQ vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XSHQ FESM | -0.58%-2.93% | +5.53%+7.96% | +14.71%+24.67% | +17.69%+42.77% | +30.66%n/a | +41.77%n/a |
| Flows | XSHQ FESM | +$60M+$437M | +$51M+$752M | +$34M+$1.71B | -$44M+$2.74B | +$237M- | +$246M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XSHQ FESM | +15.09%+18.43% | +17.18%+19.46% | +19.71%n/a | +20.88%n/a |
| Max drawdown | XSHQ FESM | -4.43%-4.69% | -10.06%-10.11% | -27.13%n/a | -27.13%n/a |
| Max drawdown duration | XSHQ FESM | 35d16d | 125d81d | 562dn/a | 562dn/a |
Trading data
XSHQ | FESM | |
Last sale 7/30/2026 at 7:59 PM | $48.13 | $46.76 |
| Previous close 07/30/2026 | $47.37 | $46.83 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FESM
is actively managed and doesn’t replicate an indexXSHQ | 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 7/30/2026 at 7:59 PM
Live
Closed
XSHQ | FESM | |
|---|---|---|
| Last price | $48.13 | $46.76 |
| 1D performance | +1.60% | -0.15% |
| AuM | $313.53 M | $6.05 B |
| E/R | 0.29% | 0.28% |
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Exposure
Countries
XSHQ
USA
96.79%
Other
3.21%
FESM
USA
96.65%
Other
3.35%
Sectors
XSHQ
Finance
26.43%
Technology
20.56%
Industrials
20.18%
Other
32.83%
FESM
Finance
21.69%
Technology
19.76%
Healthcare
17.83%
Industrials
13.24%
Other
27.48%
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Diversification
XSHQ
Total weight of top 15 holdings out of 15
30.26%
FESM
Total weight of top 15 holdings out of 15
11.5%
Top 15 holdings
Data as of June 30, 2026
XSHQ
Argan, Inc.
3.78%
MYR Group, Inc.
2.26%
Clear Secure, Inc.
2.22%
Powell Industries, Inc.
2.17%
Brinker International, Inc.
2.07%
Dave, Inc.
1.97%
Everus Construction Group, Inc.
1.95%
Armstrong World Industries, Inc.
1.95%
Paycom Software, Inc.
1.94%
Moelis & Co.
1.77%
Qorvo, Inc.
1.76%
Lyft, Inc.
1.68%
Zurn Elkay Water Solutions Corp.
1.62%
PJT Partners, Inc.
1.61%
Frontdoor, Inc.
1.52%
FESM
Guardant Health, Inc.
1.19%
ACM Research, Inc.
0.82%
Kulicke & Soffa Industries, Inc.
0.80%
MaxLinear, Inc.
0.79%
Kodiak Gas Services, Inc.
0.79%
EnerSys
0.76%
StoneX Group, Inc.
0.76%
Plexus Corp.
0.75%
Commercial Metals Co.
0.72%
Extreme Networks, Inc.
0.70%
HealthEquity, Inc.
0.70%
Tenable Holdings, Inc.
0.69%
Axsome Therapeutics, Inc.
0.68%
Lumen Technologies, Inc. (Louisiana)
0.68%
Glacier Bancorp, Inc.
0.67%
Frequently asked questions about XSHQ and FESM
How have the XSHQ and FESM ETFs performed in 2026?
As of July 30, 2026, XSHQ is up 14.71% year-to-date (YTD), while FESM has returned 24.67%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: XSHQ or FESM?
Year-to-date, the XSHQ ETF saw +$34M in flows, compared to +$1.71B for FESM.
Which ETF is more volatile: XSHQ or FESM?
Over the past year, XSHQ had a volatility of 17.18%, while FESM experienced 19.46%.
Which ETF is bigger: XSHQ or FESM?
As of July 30, 2026, XSHQ holds $313.53 M in assets under management (AUM), while FESM manages $6.05 B.
What sectors do the XSHQ and FESM ETFs invest in?
XSHQ leans toward sectors like Finance, Technology and Industrials. Meanwhile, FESM focuses on Finance, Technology and Healthcare.
What are the top holdings of the XSHQ ETF and FESM ETF?
XSHQ top holdings include Argan, Inc., MYR Group, Inc. and Clear Secure, Inc.. FESM holds in its top three: Guardant Health, Inc., ACM Research, Inc. and Kulicke & Soffa Industries, Inc..
Which ETF is more diversified: XSHQ or FESM?
XSHQ holds 120 securities with 30.26% of its assets in the top 15. FESM has 656 securities and a top 15 weight of 11.5%.
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Latest news about XSHQ & 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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