Data as of Oct 28, 2026.
FESM vs XSMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, FESM returned +23.0% to XSMO's +11.8%; 13% of their weight is in the same names.
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Net assets: $6.4bn on Sep 30, 2026 for Fidelity Enhanced Small Cap Core ETF, and $2.8bn on Oct 27, 2026 for Invesco S&P SmallCap Momentum ETF.
Pair scorecard
FESM costs 0.07 points a year less; their one-year returns differ by 11.2 points.
| Measure | FESM | XSMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.0% | +11.8% |
| Drawdown | ||
| Below its high | 5.9%, high on Aug 14, 2026 | 12.5%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P SmallCap 600 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.28% | 0.35% |
| Net assets, FESM as of Sep 30, 2026 and XSMO as of Oct 27, 2026 | $6.4bn | $2.8bn |
| Holdings | ||
| Holdings in common | 13% | |
| Top ten holdings, share of the fund | 8.0% | 23.3% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, FESM and XSMO hold 13% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
13% in common
Only in one fund ↓
Side by side
FESM and XSMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FESM
FESM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +23.0% with distributions reinvested. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 779 positions, with the top ten at 8.0%. It sat 5.9% below its high of Aug 14, 2026 on Oct 28, 2026.
XSMO
XSMO tracks an index. Over the year to Oct 28, 2026 it returned +11.8% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 116 positions, with the top ten at 23.3%. It sat 12.5% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FESM or XSMO?
- In the year to Oct 28, 2026, with distributions reinvested, FESM returned +23.0% and XSMO +11.8%.
- Which is cheaper, FESM or XSMO?
- FESM is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FESM against XSMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/fesm-vs-xsmo
ETFIQ. (Oct 28, 2026). FESM against XSMO. Retrieved from https://etfiq.com/compare/any/fesm-vs-xsmo
[FESM against XSMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fesm-vs-xsmo)
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