FIWvsFEMVETF Comparison
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First Trust ISE Water Index Fund ETF (FIW) belongs to the Natural Resources segment. Fidelity Enhanced Mid Cap Value ETF (FEMV) is part of the US Multi-Factor segment. FIW's top 3 sector exposures are Industrials, Healthcare and Non-Energy Materials. In contrast, FEMV's top sector exposures are Finance, Industrials and Technology. FIW is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.23% for FEMV. Run a side-by-side ETF comparison of FIW and FEMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FIW vs FEMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FIW FEMV | -7.10%-2.27% | +1.67%+5.34% | -3.10%n/a | -5.07%n/a | +24.22%n/a | +20.66%n/a |
| Flows | FIW FEMV | -$60M- | -$38M+$1M | -$90M- | -$45M- | +$59M- | +$203M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FIW FEMV | +17.21%+10.32% | +16.18%n/a | +16.86%n/a | +18.79%n/a |
| Max drawdown | FIW FEMV | -7.62%-4.16% | -13.79%n/a | -18.25%n/a | -28.49%n/a |
| Max drawdown duration | FIW FEMV | 32d26d | 231dn/a | 238dn/a | 710dn/a |
Trading data
FIW | FEMV | |
Last sale 9/11/2026 at 1:30 PM | $105.55 | $27.22 |
| Previous close 09/10/2026 | $104.90 | $26.97 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FEMV
is actively managed and doesn’t replicate an indexFIW | FEMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
FIW | FEMV | |
|---|---|---|
| Last price | $105.55 | $27.22 |
| 1D performance | +0.62% | +0.93% |
| AuM | $1.74 B | $6.81 M |
| E/R | 0.51% | 0.23% |
Characteristics
FIW | FEMV | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Fidelity |
| Benchmark | ISE Clean Edge Water Index | - |
| N° of holdings | 36 | 239 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | April 29, 2026 |
| ESG | Yes | No |
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Exposure
Countries
FIW
USA
92.05%
Other
7.95%
FEMV
USA
95.97%
Other
4.03%
Sectors
FIW
Industrials
48.61%
Healthcare
13.91%
Non-Energy Materi.
13.7%
Utilities
11.3%
Consumer Non-Cycl.
7.47%
Other
5.01%
FEMV
Finance
23.51%
Industrials
15.02%
Technology
13.37%
Healthcare
10.25%
Non-Energy Materi.
9.24%
Other
28.61%
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Diversification
FIW
Total weight of top 15 holdings out of 15
60.12%
FEMV
Total weight of top 15 holdings out of 15
14.84%
Top 15 holdings
Data as of July 31, 2026
FIW
Agilent Technologies, Inc.
5.29%
Waters Corp.
5.21%
Roper Technologies, Inc.
4.82%
Veralto Corp.
4.19%
American Water Works Co., Inc.
4.14%
IDEX Corp.
4.01%
Jacobs Solutions, Inc.
3.86%
Mueller Industries, Inc.
3.78%
Ferguson Enterprises, Inc.
3.77%
Ecolab, Inc.
3.75%
Masco Corp.
3.68%
Xylem, Inc.
3.60%
Watts Water Technologies, Inc.
3.47%
IDEXX Laboratories, Inc.
3.41%
Tetra Tech, Inc.
3.14%
FEMV
Nucor Corp.
1.10%
Corteva, Inc.
1.05%
Digital Realty Trust, Inc.
1.03%
The Allstate Corp.
1.01%
Kinder Morgan, Inc.
1.01%
Ford Motor Co.
1.01%
State Street Corp.
1.00%
Westinghouse Air Brake Technologies Corp.
1.00%
IQVIA Holdings, Inc.
0.99%
AMETEK, Inc.
0.98%
L3Harris Technologies, Inc.
0.97%
Electronic Arts, Inc.
0.94%
eBay, Inc.
0.93%
Marathon Petroleum Corp.
0.93%
United Airlines Holdings, Inc.
0.90%
Frequently asked questions about FIW and FEMV
Which ETF is bigger: FIW or FEMV?
As of September 10, 2026, FIW holds $1.74 B in assets under management (AUM), while FEMV manages $6.81 M.
What sectors do the FIW and FEMV ETFs invest in?
FIW leans toward sectors like Industrials, Healthcare and Non-Energy Materials. Meanwhile, FEMV focuses on Finance, Industrials and Technology.
What are the top holdings of the FIW ETF and FEMV ETF?
FIW top holdings include Agilent Technologies, Inc., Waters Corp. and Roper Technologies, Inc.. FEMV holds in its top three: Nucor Corp., Corteva, Inc. and Digital Realty Trust, Inc..
Which ETF is more diversified: FIW or FEMV?
FIW holds 36 securities with 60.12% of its assets in the top 15. FEMV has 239 securities and a top 15 weight of 14.84%.
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Latest news about FIW & FEMV
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January 17, 2024
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February 3, 2023
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