XSMOvsFESMETF Comparison
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Invesco S&P SmallCap Momentum ETF (XSMO) belongs to the US Multi-Factor segment. Fidelity Enhanced Small Cap ETF (FESM) is part of the US Small Cap segment. XSMO's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, FESM's top sector exposures are Finance, Healthcare and Technology. XSMO is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.28% for FESM. XSMO is up 13.88% year-to-date (YTD) with +$582M in YTD flows. FESM performs better with 21.93% YTD performance, and +$2.30B in YTD flows. Run a side-by-side ETF comparison of XSMO 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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XSMO vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XSMO FESM | -9.07%-6.13% | -7.78%-0.69% | +13.88%+21.93% | +13.66%+28.25% | +67.60%n/a | +60.63%n/a |
| Flows | XSMO FESM | +$12M+$404M | +$180M+$1.13B | +$582M+$2.30B | +$765M+$3.16B | +$2.28B- | +$2.23B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XSMO FESM | +18.46%+14.29% | +19.79%+18.84% | +21.43%n/a | +22.54%n/a |
| Max drawdown | XSMO FESM | -13.12%-6.30% | -13.12%-10.11% | -24.70%n/a | -29.80%n/a |
| Max drawdown duration | XSMO FESM | 78d31d | 78d81d | 282dn/a | 862dn/a |
Trading data
XSMO | FESM | |
Last sale 9/17/2026 at 1:30 PM | $82.27 | $46.02 |
| Previous close 09/16/2026 | $81.79 | $45.80 |
| Consolidated volume 09/16/2026 | ||
| 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 indexXSMO | 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 9/17/2026 at 1:30 PM
Live
Closed
XSMO | FESM | |
|---|---|---|
| Last price | $82.27 | $46.02 |
| 1D performance | +0.59% | +0.48% |
| AuM | $2.89 B | $6.49 B |
| E/R | 0.35% | 0.28% |
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Exposure
Countries
XSMO
USA
97.66%
Other
2.34%
FESM
USA
96.2%
Other
3.8%
Sectors
XSMO
Finance
20.78%
Industrials
18.3%
Healthcare
13.4%
Technology
10.17%
Non-Energy Materi.
7.75%
Other
29.61%
FESM
Finance
22.75%
Healthcare
19.79%
Technology
17.72%
Industrials
11.76%
Other
27.98%
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Diversification
XSMO
Total weight of top 15 holdings out of 15
31.31%
FESM
Total weight of top 15 holdings out of 15
9.93%
Top 15 holdings
Data as of July 31, 2026
XSMO
ViaSat, Inc.
4.29%
ESCO Technologies, Inc.
2.89%
Protagonist Therapeutics, Inc.
2.56%
Indivior Pharmaceuticals, Inc.
2.25%
StoneX Group, Inc.
2.09%
Mercury Systems, Inc.
2.07%
Ligand Pharmaceuticals, Inc.
1.92%
PriceSmart, Inc.
1.83%
Madison Square Garden Sports Corp.
1.79%
Par Pacific Holdings, Inc.
1.64%
Powell Industries, Inc.
1.61%
PTC Therapeutics, Inc.
1.61%
Armstrong World Industries, Inc.
1.60%
FormFactor, Inc.
1.59%
MYR Group, Inc.
1.57%
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 XSMO and FESM
How have the XSMO and FESM ETFs performed in 2026?
As of September 16, 2026, XSMO is up 13.88% year-to-date (YTD), while FESM has returned 21.93%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: XSMO or FESM?
Year-to-date, the XSMO ETF saw +$582M in flows, compared to +$2.30B for FESM.
Which ETF is more volatile: XSMO or FESM?
Over the past year, XSMO had a volatility of 19.79%, while FESM experienced 18.84%.
Which ETF is bigger: XSMO or FESM?
As of September 16, 2026, XSMO holds $2.89 B in assets under management (AUM), while FESM manages $6.49 B.
What sectors do the XSMO and FESM ETFs invest in?
XSMO leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, FESM focuses on Finance, Healthcare and Technology.
What are the top holdings of the XSMO ETF and FESM ETF?
XSMO top holdings include ViaSat, Inc., ESCO Technologies, Inc. and Protagonist Therapeutics, Inc.. FESM holds in its top three: Commercial Metals Co., HealthEquity, Inc. and Oscar Health, Inc..
Which ETF is more diversified: XSMO or FESM?
XSMO holds 107 securities with 31.31% 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 XSMO & 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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