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