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, Healthcare and Technology. XSHQ is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.28% for FESM. XSHQ is up 12.11% year-to-date (YTD) with +$27M in YTD flows. FESM performs better with 23.4% YTD performance, and +$2.58B 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 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XSHQ FESM | +3.76%+2.70% | -0.76%-0.05% | +12.11%+23.40% | +12.90%+25.04% | +44.57%n/a | +33.43%n/a |
| Flows | XSHQ FESM | +$2M+$285M | -$6M+$899M | +$27M+$2.58B | +$1M+$2.98B | +$214M- | +$239M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XSHQ FESM | +13.24%+13.48% | +15.66%+18.15% | +19.63%n/a | +20.73%n/a |
| Max drawdown | XSHQ FESM | -9.90%-9.37% | -9.90%-10.11% | -27.13%n/a | -27.13%n/a |
| Max drawdown duration | XSHQ FESM | 86d74d | 86d81d | 562dn/a | 562dn/a |
Trading data
XSHQ | FESM | |
Last sale 10/30/2026 at 1:30 PM | $46.42 | $45.47 |
| Previous close 10/29/2026 | $46.78 | $46.25 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 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 10/30/2026 at 1:30 PM
Live
Closed
XSHQ | FESM | |
|---|---|---|
| Last price | $46.42 | $45.47 |
| 1D performance | -0.77% | -1.69% |
| AuM | $299.04 M | $6.84 B |
| E/R | 0.29% | 0.28% |
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Exposure
Countries
XSHQ
USA
96.29%
Other
3.71%
FESM
USA
96.13%
Other
3.87%
Sectors
XSHQ
Finance
29.53%
Technology
22.24%
Industrials
17.1%
Other
31.13%
FESM
Finance
23.09%
Healthcare
21.09%
Technology
17.65%
Industrials
11.38%
Other
26.79%
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Diversification
XSHQ
Total weight of top 15 holdings out of 15
30.06%
FESM
Total weight of top 15 holdings out of 15
9.97%
Top 15 holdings
Data as of September 30, 2026
XSHQ
Paycom Software, Inc.
3.72%
Qorvo, Inc.
2.45%
Armstrong World Industries, Inc.
2.23%
MarketAxess Holdings, Inc.
2.06%
Dave, Inc.
2.04%
Argan, Inc.
1.98%
Lyft, Inc.
1.97%
Clear Secure, Inc.
1.83%
Moelis & Co.
1.79%
PJT Partners, Inc.
1.78%
Zurn Elkay Water Solutions Corp.
1.68%
Frontdoor, Inc.
1.67%
Everus Construction Group, Inc.
1.65%
Powell Industries, Inc.
1.63%
Artisan Partners Asset Management, Inc.
1.57%
FESM
Commercial Metals Co.
0.78%
Plexus Corp.
0.75%
Kulicke & Soffa Industries, Inc.
0.73%
Oscar Health, Inc.
0.72%
Option Care Health, Inc.
0.66%
Griffon Corp.
0.66%
Kodiak Gas Services, Inc.
0.64%
OUTFRONT Media, Inc.
0.64%
Tutor Perini Corp.
0.64%
EnerSys
0.63%
HealthEquity, Inc.
0.63%
Phillips Edison & Co., Inc.
0.62%
Sonos, Inc.
0.62%
Glaukos Corp.
0.62%
Installed Building Products, Inc.
0.62%
Frequently asked questions about XSHQ and FESM
How have the XSHQ and FESM ETFs performed in 2026?
As of October 29, 2026, XSHQ is up 12.11% year-to-date (YTD), while FESM has returned 23.4%. 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 +$27M in flows, compared to +$2.58B for FESM.
Which ETF is more volatile: XSHQ or FESM?
Over the past year, XSHQ had a volatility of 15.66%, while FESM experienced 18.15%.
Which ETF is bigger: XSHQ or FESM?
As of October 29, 2026, XSHQ holds $299.04 M in assets under management (AUM), while FESM manages $6.84 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, Healthcare and Technology.
What are the top holdings of the XSHQ ETF and FESM ETF?
XSHQ top holdings include Paycom Software, Inc., Qorvo, Inc. and Armstrong World Industries, Inc.. FESM holds in its top three: Commercial Metals Co., Plexus Corp. and Kulicke & Soffa Industries, Inc..
Which ETF is more diversified: XSHQ or FESM?
XSHQ holds 115 securities with 30.06% of its assets in the top 15. FESM has 776 securities and a top 15 weight of 9.97%.
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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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