FESM vs XME
Comparison between FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF) and STATE STREET(R) SPDR(R) S&P(R) METALS & MINING ETF (XME, ETF).
FESM vs XME - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FESM
$5.30B
XME
$5.30B
Expense Ratio
Winner
FESM
0.28%
XME
0.35%
Max Drawdown
Winner
FESM
27.67%
XME
87.34%
Sharpe Ratio
Winner
FESM
1.85
XME
1.82
5Y Beta
Winner
FESM
1.10
XME
1.23
P/E Ratio
Winner
FESM
80.06
XME
215.23
Forward P/E
Winner
FESM
14.99
XME
15.56
5Y Dividends CAGR
FESM
N/A
XME
2.08%
5Y EPS CAGR
FESM
12.96%
Winner
XME
25.30%
Debt to Equity
FESM
67.07%
Winner
XME
33.62%
P/S Ratio
Winner
FESM
1.49
XME
1.66
P/B Ratio
FESM
2.63
Winner
XME
2.57
FESM vs XME - Holdings Comparison
FESM and XME have 15 common holdings. Overlap is 2.38%
FESM's top 25 holdings weight is 22.05%. XME's top 25 holdings weight is 91.63%.
| Rank | FESM | XME |
|---|---|---|
| #1 | n/a (n/a) - 3.18% | CLEVELAND-CLIFFS INC (CLF) - 5.90% |
| #2 | BLOOM ENERGY CORP CLASS A (BE) - 2.43% | NUCOR CORP (NUE) - 5.59% |
| #3 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 1.30% | STEEL DYNAMICS INC (STLD) - 5.47% |
| #4 | FIDELITY CASH CENTRAL FUND (n/a) - 1.27% | WARRIOR MET COAL INC (HCC) - 4.84% |
| #5 | FABRINET (FN) - 1.21% | RELIANCE INC (RS) - 4.72% |
| #6 | GUARDANT HEALTH INC (GH) - 1.01% | ALCOA CORP (AA) - 4.69% |
| #7 | LUMEN TECHNOLOGIES INC ORDINARY SHARES (LUMN) - 0.81% | USA RARE EARTH INC (USAR) - 4.65% |
| #8 | ENERSYS (ENS) - 0.78% | FREEPORT-MCMORAN INC (FCX) - 4.33% |
| #9 | COMMERCIAL METALS CO (CMC) - 0.77% | MP MATERIALS CORP ORDINARY SHARES CLASS A (MP) - 4.31% |
| #10 | KULICKE & SOFFA INDUSTRIES INC (KLIC) - 0.71% | COMMERCIAL METALS CO (CMC) - 4.28% |
| #11 | ACM RESEARCH INC CLASS A (ACMR) - 0.70% | URANIUM ENERGY CORP (UEC) - 4.05% |
| #12 | MAXLINEAR INC (MXL) - 0.69% | CENTRUS ENERGY CORP CLASS A (LEU) - 3.69% |
| #13 | EXTREME NETWORKS INC (EXTR) - 0.68% | CORE NATURAL RESOURCES INC ORDINARY SHARES (CNR) - 3.67% |
| #14 | TENABLE HOLDINGS INC (TENB) - 0.67% | NEWMONT CORP (NEM) - 3.50% |
| #15 | HEALTHEQUITY INC (HQY) - 0.67% | COEUR MINING INC (CDE) - 3.19% |
| #16 | PLEXUS CORP (PLXS) - 0.66% | PEABODY ENERGY CORP (BTU) - 3.19% |
| #17 | COEUR MINING INC (CDE) - 0.63% | CENTURY ALUMINUM CO (CENX) - 3.19% |
| #18 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.63% | HECLA MINING CO (HL) - 3.13% |
| #19 | OUTFRONT MEDIA INC (OUT) - 0.61% | ROYAL GOLD INC (RGLD) - 2.96% |
| #20 | AXSOME THERAPEUTICS INC (AXSM) - 0.61% | HYCROFT MINING HOLDING CORP ORDINARY SHARES CLASS A (HYMC) - 2.67% |
| #21 | BGC GROUP INC ORDINARY SHARES CLASS A (BGC) - 0.41% | KAISER ALUMINUM CORP (KALU) - 2.29% |
| #22 | EZCORP INC REGISTERED SHS -A- NON VTG (EZPW) - 0.41% | MATERION CORP (MTRN) - 2.23% |
| #23 | ENCORE CAPITAL GROUP INC (ECPG) - 0.41% | ALPHA METALLURGICAL RESOURCES INC (AMR) - 2.00% |
| #24 | OPENLANE INC (OPLN) - 0.40% | IVANHOE ELECTRIC INC (IE) - 1.84% |
| #25 | PHINIA INC (PHIN) - 0.40% | MCEWEN INC (MUX) - 1.25% |
| Total Holdings | 672 | 38 |
FESM vs XME - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FESM
+0.20%
XME
-1.95%
3M
Winner
FESM
+15.67%
XME
+5.90%
6M
FESM
+17.50%
Winner
XME
+20.98%
1Y
FESM
+42.85%
Winner
XME
+82.22%
5Y(CAGR)
FESM
N/A
XME
+21.38%
10Y(CAGR)
FESM
N/A
XME
+18.62%
Max(CAGR)
Winner
FESM
+26.48%
XME
+6.30%
FESM vs XME - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FESM | XME |
|---|---|---|
| 2026 | +17.52% | +10.35% |
| 2025 | +17.52% | +80.66% |
| 2024 | +17.18% | -3.73% |
| 2023 | +12.19% | +23.21% |
| 2022 | N/A | +11.23% |
| 2021 | N/A | +34.10% |
| 2020 | N/A | +16.49% |
| 2019 | N/A | +12.72% |
| 2018 | N/A | -29.34% |
| 2017 | N/A | +18.51% |
| 2016 | N/A | +105.61% |
| 2015 | N/A | -50.54% |
| 2014 | N/A | -26.28% |
| 2013 | N/A | -7.92% |
| 2012 | N/A | -11.48% |
| 2011 | N/A | -29.56% |
| 2010 | N/A | +28.14% |
| 2009 | N/A | +73.23% |
| 2008 | N/A | -59.53% |
| 2007 | N/A | +45.96% |
| 2006 | N/A | +9.79% |
FESM vs XME Drawdown Comparison
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The maximum drawdown for XME was -85.89%, occurring on Jan 19, 2016. Recovery took 4288 trading sessions.
The current FESM drawdown is -2.62%. The current XME drawdown is -10.72%.
| Rank | FESM | XME |
|---|---|---|
| #1 | -26.93% Dec 2, 2024 - Aug 27, 2025 | -85.89% Jun 30, 2008 - Jul 17, 2025 |
| #2 | -10.18% Jan 22, 2026 - Apr 14, 2026 | -22.60% Jan 23, 2026 - Jun 2, 2026 |
| #3 | -9.60% Jul 31, 2024 - Sep 19, 2024 | -21.82% Jul 13, 2007 - Oct 26, 2007 |
| #4 | -8.39% Mar 28, 2024 - Jul 11, 2024 | -21.79% Jul 3, 2006 - Nov 29, 2006 |
| #5 | -7.57% Oct 27, 2025 - Nov 28, 2025 | -19.74% Oct 14, 2025 - Jan 5, 2026 |
| #6 | -6.28% Dec 27, 2023 - Feb 12, 2024 | -18.81% Dec 10, 2007 - Feb 19, 2008 |
| #7 | -5.09% Nov 11, 2024 - Nov 25, 2024 | -14.81% Feb 28, 2008 - Apr 4, 2008 |
| #8 | -4.72% May 6, 2026 - May 26, 2026 | -12.14% Oct 26, 2007 - Dec 7, 2007 |
| #9 | -4.08% Oct 8, 2025 - Oct 15, 2025 | -11.61% Dec 7, 2006 - Feb 1, 2007 |
| #10 | -3.63% Feb 12, 2024 - Feb 15, 2024 | -10.72% Jun 2, 2026 - Jun 8, 2026 |
| #11 | -3.59% Feb 15, 2024 - Mar 1, 2024 | -10.16% Feb 26, 2007 - Mar 22, 2007 |
| #12 | -3.59% Dec 11, 2025 - Jan 6, 2026 | -9.49% Jun 1, 2007 - Jul 13, 2007 |
| #13 | -3.58% Oct 16, 2024 - Nov 6, 2024 | -8.28% Apr 16, 2008 - May 8, 2008 |
| #14 | -3.56% Jul 16, 2024 - Jul 26, 2024 | -7.64% Jul 23, 2025 - Aug 8, 2025 |
| #15 | -3.30% May 28, 2026 - Jun 5, 2026 | -5.53% Jun 9, 2008 - Jun 18, 2008 |
Correlation
Correlation between FESM and XME is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2006 - 2026)
FESM vs XME dividend yield comparison.
| Year | FESM | XME |
|---|---|---|
| 2026 | 0.20% | 0.05% |
| 2025 | 0.82% | 0.38% |
| 2024 | 1.08% | 0.65% |
| 2023 | 0.06% | 1.00% |
| 2022 | 0.00% | 1.64% |
| 2021 | 0.00% | 0.70% |
| 2020 | 0.00% | 0.99% |
| 2019 | 0.00% | 2.43% |
| 2018 | 0.00% | 2.23% |
| 2017 | 0.00% | 1.15% |
| 2016 | 0.00% | 1.02% |
| 2015 | 0.00% | 2.61% |
| 2014 | 0.00% | 2.21% |
| 2013 | 0.00% | 1.32% |
| 2012 | 0.00% | 1.36% |
| 2011 | 0.00% | 0.94% |
| 2010 | 0.00% | 0.89% |
| 2009 | 0.00% | 0.89% |
| 2008 | 0.00% | 1.81% |
| 2007 | 0.00% | 0.59% |
| 2006 | 0.00% | 0.40% |
Select Stocks to Compare
Popular: FESM vs SPYXME vs SPY
More Comparisons
Compare with similar stocks