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