FSMD vs XMMO: Differences, Returns & Fees
FSMD and XMMO hold 14% of their weight in the same names, and FSMD returned +15.8% over the year. Net assets: $2.5bn on Sep 30, 2026 for Fidelity Small-Mid Multifactor ETF, and $6.8bn on Oct 20, 2026 for Invesco S&P MidCap Momentum ETF.
FSMD costs 0.19 points a year less; their one-year returns differ by 11.2 points; XMMO is 2.9 times larger.
| FSMD | XMMO | |
|---|---|---|
| Expense ratio | 0.15% | 0.34% |
| Net assets, as of Jul 31, 2026 | $2.5bn | $7.2bn |
| Total return, 1 year | +15.8% | +4.6% |
| What it tracks | Fidelity Small-Mid Multifactor Index | S&P MidCap 400 Momentum Index |
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 8.2% | 29.4% |
| Below its high | 6.2%, high on Aug 17, 2026 | 19.0%, high on Jun 22, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.
FSMD and XMMO are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FSMD follows Fidelity Small-Mid Multifactor Index and XMMO follows S&P MidCap 400 Momentum Index.
- Holdings in common. 14% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 FSMD returned +15.8% and XMMO +4.6% with distributions reinvested, a gap of 11.2 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
What they hold in common
By the books each fund has filed, FSMD and XMMO hold 14% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.
half
14% in common
On the same fields
FSMD and XMMO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FSMD
FSMD tracks an index. Over the year to Oct 20, 2026 it returned +15.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 586 positions, with the top ten at 8.2%. It sat 6.2% below its high of Aug 17, 2026 on Oct 20, 2026.
About XMMO
XMMO tracks an index. Over the year to Oct 20, 2026 it returned +4.6% with distributions reinvested. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 29.4%. It sat 19.0% below its high of Jun 22, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, FSMD or XMMO?
- In the year to Oct 20, 2026, with distributions reinvested, FSMD returned +15.8% and XMMO +4.6%.
- Which is cheaper, FSMD or XMMO?
- FSMD is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.
Cite this pageCitation, APA and Markdown
ETFIQ, FSMD against XMMO, data as of Oct 20, 2026. https://etfiq.com/compare/any/fsmd-vs-xmmo
ETFIQ. (Oct 20, 2026). FSMD against XMMO. Retrieved from https://etfiq.com/compare/any/fsmd-vs-xmmo
[FSMD against XMMO (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/fsmd-vs-xmmo)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.