FESM vs XAR
Comparison between FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF) and STATE STREET(R) SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF (XAR, ETF).
FESM vs XAR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FESM
$6B
XAR
$6B
Expense Ratio
Winner
FESM
0.28%
XAR
0.35%
Max Drawdown
Winner
FESM
27.67%
XAR
46.72%
Sharpe Ratio
Winner
FESM
1.92
XAR
0.99
5Y Beta
Winner
FESM
1.09
XAR
1.11
P/E Ratio
Winner
FESM
152.45
XAR
1866.44
Forward P/E
Winner
FESM
14.55
XAR
32.08
5Y Dividends CAGR
FESM
N/A
XAR
-2.20%
5Y EPS CAGR
FESM
7.06%
Winner
XAR
7.55%
Debt to Equity
FESM
104.00%
Winner
XAR
74.34%
P/S Ratio
Winner
FESM
1.49
XAR
3.37
P/B Ratio
Winner
FESM
1.69
XAR
4.65
FESM vs XAR - Holdings Comparison
FESM and XAR have 11 common holdings. Overlap is 1.32%
FESM's top 25 holdings weight is 18.52%. XAR's top 25 holdings weight is 72.75%.
| Rank | FESM | XAR |
|---|---|---|
| #1 | n/a (n/a) - 3.83% | AXON ENTERPRISE INC (AXON) - 3.32% |
| #2 | FIDELITY CASH CENTRAL FUND (n/a) - 1.20% | HEXCEL CORP (HXL) - 3.25% |
| #3 | COMMERCIAL METALS CO (CMC) - 0.80% | VSE CORP (VSEC) - 3.17% |
| #4 | HEALTHEQUITY INC (HQY) - 0.72% | RTX CORP (RTX) - 3.09% |
| #5 | PLEXUS CORP (PLXS) - 0.72% | HOWMET AEROSPACE INC (HWM) - 3.07% |
| #6 | OSCAR HEALTH INC CLASS A (OSCR) - 0.68% | GENERAL DYNAMICS CORP (GD) - 3.06% |
| #7 | INSTALLED BUILDING PRODUCTS INC (IBP) - 0.68% | STANDARDAERO INC (SARO) - 3.03% |
| #8 | TENABLE HOLDINGS INC (TENB) - 0.65% | GE AEROSPACE (GE) - 3.02% |
| #9 | OPTION CARE HEALTH INC (OPCH) - 0.65% | WOODWARD INC (WWD) - 3.00% |
| #10 | GRIFFON CORP (GFF) - 0.64% | HEICO CORP (HEI) - 2.99% |
| #11 | n/a (PECO) - 0.64% | CARPENTER TECHNOLOGY CORP (CRS) - 2.99% |
| #12 | TUTOR PERINI CORP (TPC) - 0.62% | ARCHER AVIATION INC CLASS A (ACHR) - 2.96% |
| #13 | ENERSYS (ENS) - 0.62% | MOOG INC CLASS A (MOG-A) - 2.92% |
| #14 | WESBANCO INC (WSBC) - 0.61% | ATI INC (ATI) - 2.86% |
| #15 | BALCHEM CORP (BCPC) - 0.61% | BOEING CO (BA) - 2.83% |
| #16 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.60% | TRANSDIGM GROUP INC (TDG) - 2.80% |
| #17 | SKYWEST INC (SKYW) - 0.60% | TEXTRON INC (TXT) - 2.80% |
| #18 | ACI WORLDWIDE INC (ACIW) - 0.59% | CURTISS-WRIGHT CORP (CW) - 2.78% |
| #19 | OUTFRONT MEDIA INC (OUT) - 0.59% | KARMAN HOLDINGS INC (KRMN) - 2.76% |
| #20 | KODIAK GAS SERVICES INC (KGS) - 0.58% | AAR CORP (AIR) - 2.74% |
| #21 | DXP ENTERPRISES INC (DXPE) - 0.38% | LOCKHEED MARTIN CORP (LMT) - 2.74% |
| #22 | NMI HOLDINGS INC (NMIH) - 0.38% | NORTHROP GRUMMAN CORP (NOC) - 2.72% |
| #23 | n/a (HRMY) - 0.38% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.63% |
| #24 | JOHN WILEY & SONS INC CLASS A (WLY) - 0.38% | BWX TECHNOLOGIES INC (BWXT) - 2.61% |
| #25 | SHAKE SHACK INC CLASS A (SHAK) - 0.37% | L3HARRIS TECHNOLOGIES INC (LHX) - 2.61% |
| Total Holdings | 814 | 48 |
FESM vs XAR - Historical Returns
Returns include dividend reinvestment.
1M
FESM
+2.01%
Winner
XAR
+2.68%
3M
Winner
FESM
+9.44%
XAR
+9.18%
6M
Winner
FESM
+20.25%
XAR
+5.43%
1Y
Winner
FESM
+47.36%
XAR
+33.66%
5Y(CAGR)
FESM
N/A
XAR
+18.53%
10Y(CAGR)
FESM
N/A
XAR
+18.17%
Max(CAGR)
Winner
FESM
+28.52%
XAR
+19.04%
FESM vs XAR - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | FESM | XAR |
|---|---|---|
| 2026 | +27.58% | +14.62% |
| 2025 | +17.52% | +46.54% |
| 2024 | +17.18% | +25.05% |
| 2023 | +12.19% | +23.93% |
| 2022 | N/A | -5.79% |
| 2021 | N/A | +6.62% |
| 2020 | N/A | +3.64% |
| 2019 | N/A | +38.67% |
| 2018 | N/A | -4.76% |
| 2017 | N/A | +31.17% |
| 2016 | N/A | +22.76% |
| 2015 | N/A | +0.03% |
| 2014 | N/A | +12.84% |
| 2013 | N/A | +55.35% |
| 2012 | N/A | +13.14% |
| 2011 | N/A | +11.59% |
FESM vs XAR Drawdown Comparison
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The maximum drawdown for XAR was -46.36%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The current FESM drawdown is -0.25%. The current XAR drawdown is -1.96%.
| Rank | FESM | XAR |
|---|---|---|
| #1 | -26.93% Dec 2, 2024 - Aug 27, 2025 | -46.36% Feb 12, 2020 - Jan 14, 2021 |
| #2 | -10.18% Jan 22, 2026 - Apr 14, 2026 | -32.40% Jun 25, 2021 - Dec 19, 2023 |
| #3 | -9.60% Jul 31, 2024 - Sep 19, 2024 | -25.92% Sep 18, 2018 - Jun 5, 2019 |
| #4 | -8.39% Mar 28, 2024 - Jul 11, 2024 | -22.11% Apr 10, 2015 - Aug 5, 2016 |
| #5 | -7.57% Oct 27, 2025 - Nov 28, 2025 | -19.73% Jan 23, 2025 - May 13, 2025 |
| #6 | -6.28% Dec 27, 2023 - Feb 12, 2024 | -17.22% Jan 16, 2026 - Mar 30, 2026 |
| #7 | -5.09% Nov 11, 2024 - Nov 25, 2024 | -12.93% Oct 27, 2025 - Jan 5, 2026 |
| #8 | -4.72% May 6, 2026 - May 26, 2026 | -11.31% Mar 16, 2012 - Oct 5, 2012 |
| #9 | -4.08% Oct 8, 2025 - Oct 15, 2025 | -11.05% Mar 4, 2014 - Nov 18, 2014 |
| #10 | -3.96% Jun 30, 2026 - Aug 4, 2026 | -8.85% Apr 19, 2018 - Jun 8, 2018 |
| #11 | -3.63% Feb 12, 2024 - Feb 15, 2024 | -8.75% Jan 29, 2018 - Mar 9, 2018 |
| #12 | -3.59% Feb 15, 2024 - Mar 1, 2024 | -8.49% Oct 27, 2011 - Dec 23, 2011 |
| #13 | -3.59% Dec 11, 2025 - Jan 6, 2026 | -8.07% Sep 17, 2019 - Nov 15, 2019 |
| #14 | -3.58% Oct 16, 2024 - Nov 6, 2024 | -8.03% Nov 29, 2024 - Jan 21, 2025 |
| #15 | -3.56% Jul 16, 2024 - Jul 26, 2024 | -7.50% Jan 20, 2021 - Feb 4, 2021 |
Correlation
Correlation between FESM and XAR is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2011 - 2026)
FESM vs XAR dividend yield comparison.
| Year | FESM | XAR |
|---|---|---|
| 2026 | 0.42% | 0.06% |
| 2025 | 0.82% | 0.40% |
| 2024 | 1.08% | 0.66% |
| 2023 | 0.06% | 0.54% |
| 2022 | 0.00% | 0.50% |
| 2021 | 0.00% | 0.83% |
| 2020 | 0.00% | 0.63% |
| 2019 | 0.00% | 0.75% |
| 2018 | 0.00% | 1.19% |
| 2017 | 0.00% | 0.76% |
| 2016 | 0.00% | 1.09% |
| 2015 | 0.00% | 2.31% |
| 2014 | 0.00% | 1.07% |
| 2013 | 0.00% | 1.96% |
| 2012 | 0.00% | 1.75% |
| 2011 | 0.00% | 0.28% |
Select Stocks to Compare
Popular: FESM vs SPYXAR vs SPY
More Comparisons
Compare with similar stocks