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, Non-Energy Materials and Healthcare. 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 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FIW FEMV | +0.36%+2.86% | -0.47%+9.24% | -0.62%n/a | -1.09%n/a | +20.01%n/a | +29.21%n/a |
| Flows | FIW FEMV | +$11M+$1M | -$4M+$6M | -$42M- | -$8M- | +$117M- | +$408M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FIW FEMV | +17.01%+11.95% | +16.12%n/a | +16.66%n/a | +18.68%n/a |
| Max drawdown | FIW FEMV | -8.05%-2.78% | -13.79%n/a | -18.25%n/a | -28.49%n/a |
| Max drawdown duration | FIW FEMV | 58d7d | 183dn/a | 238dn/a | 710dn/a |
Trading data
FIW | FEMV | |
Last sale 7/27/2026 at 1:30 PM | $108.36 | $26.92 |
| Previous close 07/24/2026 | $107.63 | $26.67 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/27/2026 at 1:30 PM
Live
Closed
FIW | FEMV | |
|---|---|---|
| Last price | $108.36 | $26.92 |
| 1D performance | +0.68% | +0.94% |
| AuM | $1.83 B | $6.73 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 | 197 |
| 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
91.45%
Other
8.55%
FEMV
USA
95.32%
Other
4.68%
Sectors
FIW
Industrials
48.44%
Non-Energy Materi.
14.34%
Healthcare
12.99%
Utilities
11.32%
Consumer Non-Cycl.
8.53%
Other
4.38%
FEMV
Finance
21.52%
Industrials
15.45%
Technology
15.24%
Non-Energy Materi.
9.92%
Healthcare
8.87%
Energy
8.41%
Other
20.59%
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Diversification
FIW
Total weight of top 15 holdings out of 15
58.3%
FEMV
Total weight of top 15 holdings out of 15
16.5%
Top 15 holdings
Data as of June 30, 2026
FIW
Waters Corp.
4.96%
Agilent Technologies, Inc.
4.60%
Roper Technologies, Inc.
4.25%
Masco Corp.
4.18%
American Water Works Co., Inc.
4.06%
IDEX Corp.
3.94%
Veralto Corp.
3.88%
Xylem, Inc.
3.79%
Ecolab, Inc.
3.78%
Ferguson Enterprises, Inc.
3.68%
Watts Water Technologies, Inc.
3.64%
Mueller Industries, Inc.
3.57%
IDEXX Laboratories, Inc.
3.43%
Jacobs Solutions, Inc.
3.31%
Advanced Drainage Systems, Inc.
3.23%
FEMV
Marathon Petroleum Corp.
1.30%
Kinder Morgan, Inc.
1.18%
Digital Realty Trust, Inc.
1.15%
United Airlines Holdings, Inc.
1.10%
Valero Energy Corp.
1.10%
Corteva, Inc.
1.09%
The Bank of New York Mellon Corp.
1.08%
AMETEK, Inc.
1.08%
Nucor Corp.
1.07%
Ciena Corp.
1.07%
Ford Motor Co.
1.06%
Keysight Technologies, Inc.
1.06%
Ross Stores, Inc.
1.06%
State Street Corp.
1.04%
L3Harris Technologies, Inc.
1.04%
Frequently asked questions about FIW and FEMV
Which ETF is bigger: FIW or FEMV?
As of July 24, 2026, FIW holds $1.83 B in assets under management (AUM), while FEMV manages $6.73 M.
What sectors do the FIW and FEMV ETFs invest in?
FIW leans toward sectors like Industrials, Non-Energy Materials and Healthcare. Meanwhile, FEMV focuses on Finance, Industrials and Technology.
What are the top holdings of the FIW ETF and FEMV ETF?
FIW top holdings include Waters Corp., Agilent Technologies, Inc. and Roper Technologies, Inc.. FEMV holds in its top three: Marathon Petroleum Corp., Kinder Morgan, Inc. and Digital Realty Trust, Inc..
Which ETF is more diversified: FIW or FEMV?
FIW holds 36 securities with 58.3% of its assets in the top 15. FEMV has 197 securities and a top 15 weight of 16.5%.
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Latest news about FIW & FEMV
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January 17, 2024
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3 Water ETFs for Thirsty Investors
February 3, 2023
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