FESM vs XMHQ
Comparison between FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF) and INVESCO S&P MIDCAP QUALITY ETF (XMHQ, ETF).
FESM vs XMHQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FESM
$5.30B
XMHQ
$5.30B
Expense Ratio
FESM
0.28%
Winner
XMHQ
0.25%
Max Drawdown
Winner
FESM
27.67%
XMHQ
58.42%
Sharpe Ratio
Winner
FESM
1.85
XMHQ
0.59
5Y Beta
FESM
1.10
Winner
XMHQ
0.97
P/E Ratio
FESM
80.06
Winner
XMHQ
20.93
Forward P/E
Winner
FESM
14.99
XMHQ
18.55
5Y Dividends CAGR
FESM
N/A
XMHQ
-1.79%
5Y EPS CAGR
FESM
12.96%
Winner
XMHQ
20.33%
Debt to Equity
FESM
67.07%
Winner
XMHQ
59.25%
P/S Ratio
Winner
FESM
1.49
XMHQ
2.37
P/B Ratio
Winner
FESM
2.63
XMHQ
4.22
FESM vs XMHQ - Holdings Comparison
FESM and XMHQ have 9 common holdings. Overlap is 1.61%
FESM's top 25 holdings weight is 22.05%. XMHQ's top 25 holdings weight is 60.77%.
| Rank | FESM | XMHQ |
|---|---|---|
| #1 | n/a (n/a) - 3.18% | TWILIO INC CLASS A (TWLO) - 4.48% |
| #2 | BLOOM ENERGY CORP CLASS A (BE) - 2.43% | ILLUMINA INC (ILMN) - 4.39% |
| #3 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 1.30% | TECHNIPFMC PLC (n/a) - 4.39% |
| #4 | FIDELITY CASH CENTRAL FUND (n/a) - 1.27% | STERLING INFRASTRUCTURE INC (STRL) - 4.27% |
| #5 | FABRINET (FN) - 1.21% | UNITED THERAPEUTICS CORP (UTHR) - 3.62% |
| #6 | GUARDANT HEALTH INC (GH) - 1.01% | NEXTPOWER INC CLASS A (NXT) - 3.11% |
| #7 | LUMEN TECHNOLOGIES INC ORDINARY SHARES (LUMN) - 0.81% | CARPENTER TECHNOLOGY CORP (CRS) - 2.98% |
| #8 | ENERSYS (ENS) - 0.78% | MEDPACE HOLDINGS INC (MEDP) - 2.60% |
| #9 | COMMERCIAL METALS CO (CMC) - 0.77% | CARLISLE COMPANIES INC (CSL) - 2.56% |
| #10 | KULICKE & SOFFA INDUSTRIES INC (KLIC) - 0.71% | ALCOA CORP (AA) - 2.45% |
| #11 | ACM RESEARCH INC CLASS A (ACMR) - 0.70% | EXELIXIS INC (EXEL) - 2.24% |
| #12 | MAXLINEAR INC (MXL) - 0.69% | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 2.22% |
| #13 | EXTREME NETWORKS INC (EXTR) - 0.68% | ROYAL GOLD INC (RGLD) - 2.16% |
| #14 | TENABLE HOLDINGS INC (TENB) - 0.67% | BWX TECHNOLOGIES INC (BWXT) - 1.96% |
| #15 | HEALTHEQUITY INC (HQY) - 0.67% | MANHATTAN ASSOCIATES INC (MANH) - 1.94% |
| #16 | PLEXUS CORP (PLXS) - 0.66% | EVERCORE INC CLASS A (EVR) - 1.88% |
| #17 | COEUR MINING INC (CDE) - 0.63% | LINCOLN ELECTRIC HOLDINGS INC (LECO) - 1.84% |
| #18 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.63% | PENUMBRA INC (PEN) - 1.82% |
| #19 | OUTFRONT MEDIA INC (OUT) - 0.61% | TEXAS ROADHOUSE INC (TXRH) - 1.52% |
| #20 | AXSOME THERAPEUTICS INC (AXSM) - 0.61% | RENAISSANCERE HOLDINGS LTD (RNR) - 1.50% |
| #21 | BGC GROUP INC ORDINARY SHARES CLASS A (BGC) - 0.41% | ELANCO ANIMAL HEALTH INC (ELAN) - 1.47% |
| #22 | EZCORP INC REGISTERED SHS -A- NON VTG (EZPW) - 0.41% | SEI INVESTMENTS CO (SEIC) - 1.37% |
| #23 | ENCORE CAPITAL GROUP INC (ECPG) - 0.41% | GRACO INC (GGG) - 1.35% |
| #24 | OPENLANE INC (OPLN) - 0.40% | FLUOR CORP (FLR) - 1.33% |
| #25 | PHINIA INC (PHIN) - 0.40% | CROWN HOLDINGS INC (CCK) - 1.32% |
| Total Holdings | 672 | 83 |
FESM vs XMHQ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FESM
+0.20%
XMHQ
+0.12%
3M
Winner
FESM
+15.67%
XMHQ
+5.07%
6M
Winner
FESM
+17.50%
XMHQ
+8.05%
1Y
Winner
FESM
+42.85%
XMHQ
+12.52%
5Y(CAGR)
FESM
N/A
XMHQ
+8.98%
10Y(CAGR)
FESM
N/A
XMHQ
+12.39%
Max(CAGR)
Winner
FESM
+26.48%
XMHQ
+9.31%
FESM vs XMHQ - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FESM | XMHQ |
|---|---|---|
| 2026 | +17.52% | +6.05% |
| 2025 | +17.52% | +4.75% |
| 2024 | +17.18% | +17.04% |
| 2023 | +12.19% | +30.69% |
| 2022 | N/A | -12.65% |
| 2021 | N/A | +22.10% |
| 2020 | N/A | +26.00% |
| 2019 | N/A | +28.32% |
| 2018 | N/A | -9.88% |
| 2017 | N/A | +14.95% |
| 2016 | N/A | +18.06% |
| 2015 | N/A | -6.53% |
| 2014 | N/A | +14.01% |
| 2013 | N/A | +33.42% |
| 2012 | N/A | +12.17% |
| 2011 | N/A | -2.26% |
| 2010 | N/A | +19.46% |
| 2009 | N/A | +27.01% |
| 2008 | N/A | -39.28% |
| 2007 | N/A | +5.11% |
| 2006 | N/A | +2.52% |
FESM vs XMHQ Drawdown Comparison
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The maximum drawdown for XMHQ was -58.19%, occurring on Nov 21, 2008. Recovery took 1390 trading sessions.
The current FESM drawdown is -2.62%. The current XMHQ drawdown is -2.44%.
| Rank | FESM | XMHQ |
|---|---|---|
| #1 | -26.93% Dec 2, 2024 - Aug 27, 2025 | -58.19% Jul 13, 2007 - Jan 18, 2013 |
| #2 | -10.18% Jan 22, 2026 - Apr 14, 2026 | -36.89% Feb 19, 2020 - Jul 27, 2020 |
| #3 | -9.60% Jul 31, 2024 - Sep 19, 2024 | -25.47% Nov 16, 2021 - Jul 12, 2023 |
| #4 | -8.39% Mar 28, 2024 - Jul 11, 2024 | -24.56% Nov 25, 2024 - Jan 15, 2026 |
| #5 | -7.57% Oct 27, 2025 - Nov 28, 2025 | -22.38% May 19, 2015 - Jul 22, 2016 |
| #6 | -6.28% Dec 27, 2023 - Feb 12, 2024 | -21.82% Sep 21, 2018 - Jul 24, 2019 |
| #7 | -5.09% Nov 11, 2024 - Nov 25, 2024 | -10.86% Sep 1, 2023 - Dec 13, 2023 |
| #8 | -4.72% May 6, 2026 - May 26, 2026 | -10.32% Mar 28, 2024 - Oct 18, 2024 |
| #9 | -4.08% Oct 8, 2025 - Oct 15, 2025 | -10.06% Jan 26, 2018 - Jul 9, 2018 |
| #10 | -3.63% Feb 12, 2024 - Feb 15, 2024 | -9.62% Sep 4, 2014 - Nov 3, 2014 |
| #11 | -3.59% Feb 15, 2024 - Mar 1, 2024 | -9.37% Sep 2, 2020 - Oct 9, 2020 |
| #12 | -3.59% Dec 11, 2025 - Jan 6, 2026 | -8.72% May 7, 2021 - Oct 21, 2021 |
| #13 | -3.58% Oct 16, 2024 - Nov 6, 2024 | -8.40% Jan 22, 2026 - May 5, 2026 |
| #14 | -3.56% Jul 16, 2024 - Jul 26, 2024 | -7.88% Jul 24, 2019 - Nov 4, 2019 |
| #15 | -3.30% May 28, 2026 - Jun 5, 2026 | -6.55% Sep 8, 2016 - Nov 21, 2016 |
Correlation
Correlation between FESM and XMHQ is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2006 - 2026)
FESM vs XMHQ dividend yield comparison.
| Year | FESM | XMHQ |
|---|---|---|
| 2026 | 0.20% | 0.13% |
| 2025 | 0.82% | 0.64% |
| 2024 | 1.08% | 5.20% |
| 2023 | 0.06% | 0.73% |
| 2022 | 0.00% | 1.72% |
| 2021 | 0.00% | 1.00% |
| 2020 | 0.00% | 1.12% |
| 2019 | 0.00% | 1.22% |
| 2018 | 0.00% | 1.59% |
| 2017 | 0.00% | 1.06% |
| 2016 | 0.00% | 1.63% |
| 2015 | 0.00% | 1.34% |
| 2014 | 0.00% | 1.25% |
| 2013 | 0.00% | 1.11% |
| 2012 | 0.00% | 1.59% |
| 2011 | 0.00% | 1.04% |
| 2010 | 0.00% | 0.85% |
| 2009 | 0.00% | 0.78% |
| 2008 | 0.00% | 0.90% |
| 2007 | 0.00% | 0.50% |
| 2006 | 0.00% | 0.17% |
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