Data as of Oct 28, 2026.
FFSM vs XSMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, FFSM returned +14.5% to XSMO's +11.8%; 2% of their weight is in the same names.
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Net assets: $1.4bn on Sep 30, 2026 for Fidelity Fundamental Small-Mid Cap ETF, and $2.8bn on Oct 27, 2026 for Invesco S&P SmallCap Momentum ETF.
Pair scorecard
XSMO costs 0.08 points a year less; their one-year returns differ by 2.7 points.
| Measure | FFSM | XSMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +11.8% |
| Drawdown | ||
| Below its high | 11.3%, high on Aug 17, 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 | 0.43% | 0.35% |
| Net assets, FFSM as of Sep 30, 2026 and XSMO as of Oct 27, 2026 | $1.4bn | $2.8bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 14.0% | 23.3% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Feb 12, 2021 to Oct 23, 2026 · 297 weekly returnsFFSM returned more: +62.1% to +46.6%. FFSM swung less: 18.8% to 21.5%. FFSM fell slightly less at its worst: −26.3% to −28.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FFSM | XSMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +62.1% | +46.6% | FFSM | Price change plus distributions, reinvested. |
| Annualized | +8.8% | +6.9% | FFSM | Total return as a yearly rate. |
| Price return | +57.0% | +40.1% | FFSM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.8% | 21.5% | FFSM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.9% | 14.7% | FFSM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −26.3% | −28.7% | FFSM (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.36 | 0.26 | FFSM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.52 | 0.38 | FFSM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.34 | 0.24 | FFSM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 297 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FFSM and XSMO hold 2% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
2% in common
Only in one fund ↓
Side by side
FFSM and XSMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FFSM and XSMO are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FFSM follows No index, actively managed and XSMO follows S&P SmallCap 600 Momentum Index.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FFSM returned +14.5% and XSMO +11.8% with distributions reinvested, a gap of 2.7 points.
Data as of Oct 28, 2026.
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FFSM
FFSM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.5% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings filed for Jul 31, 2026, 9% of the fund by weight is stocks the S&P 500 also holds, across 216 positions, with the top ten at 14.0%. It sat 11.3% below its high of Aug 17, 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, FFSM or XSMO?
- In the year to Oct 28, 2026, with distributions reinvested, FFSM returned +14.5% and XSMO +11.8%.
- Which is cheaper, FFSM or XSMO?
- XSMO is cheaper, by 0.08 percentage points a year. That is about $8 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, FFSM against XSMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ffsm-vs-xsmo
ETFIQ. (Oct 28, 2026). FFSM against XSMO. Retrieved from https://etfiq.com/compare/any/ffsm-vs-xsmo
[FFSM against XSMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ffsm-vs-xsmo)
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