FMDEvsCVMCETF Comparison
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Fidelity Enhanced Mid Cap ETF (FMDE) and Calvert US Mid-Cap Core Responsible Index ETF (CVMC) belong to the same industry segment: US Mid Cap. FMDE's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, CVMC's top sector exposures are Industrials, Information Technology and Financials. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.15% for CVMC. FMDE is up 5.58% year-to-date (YTD) with +$1.54B in YTD flows. CVMC performs better with 8.73% YTD performance, and -$6M in YTD flows. Run a side-by-side ETF comparison of FMDE and CVMC 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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FMDE vs CVMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE CVMC | +6.19%+8.20% | +2.15%+4.25% | +5.58%+8.73% | +24.95%+27.27% | n/a+48.61% | n/an/a |
| Flows | FMDE CVMC | +$245M-$3M | +$1.21B-$3M | +$1.54B-$6M | +$3.35B+$6M | -+$44M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE CVMC | +16.61%+16.87% | +13.82%+14.26% | n/a+16.09% | n/an/a |
| Max drawdown | FMDE CVMC | -8.28%-9.34% | -8.28%-9.34% | n/a-21.43% | n/an/a |
| Max drawdown duration | FMDE CVMC | 49d49d | 49d49d | n/a269d | n/an/a |
Trading data
FMDE | CVMC | |
Last sale 4/27/2026 at 1:30 PM | $38.34 | $69.43 |
| Previous close 04/24/2026 | $38.24 | $69.49 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexFMDE | CVMC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
FMDE | CVMC | |
|---|---|---|
| Last price | $38.34 | $69.43 |
| 1D performance | +0.26% | -0.09% |
| AuM | $6.45 B | $86.88 M |
| E/R | 0.23% | 0.15% |
Characteristics
FMDE | CVMC | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fidelity | Morgan Stanley |
| Benchmark | - | Calvert US Mid-Cap Core Responsible Index |
| N° of holdings | 311 | 573 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2023 | February 1, 2023 |
| ESG | No | Yes |
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Exposure
Countries
FMDE
USA
93.18%
Other
6.82%
CVMC
USA
90.01%
Other
9.99%
Sectors
FMDE
Industrials
18.29%
Information Techn.
16.34%
Consumer Discreti.
12.74%
Financials
12.13%
Health Care
8.49%
Energy
7.95%
Other
24.06%
CVMC
Industrials
18.82%
Information Techn.
15.96%
Financials
12.83%
Consumer Discreti.
9.87%
Health Care
9.87%
Other
32.65%
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Diversification
FMDE
Total weight of top 15 holdings out of 15
15.46%
CVMC
Total weight of top 15 holdings out of 15
10.27%
Top 15 holdings
Data as of March 31, 2026
FMDE
WESTERN DIGITAL
1.25%
HOWMET AEROSPACE INC
1.24%
MARATHON PETROLEUM
1.20%
BANK OF NEW YORK MELLON
1.18%
KINDER MORGAN
1.10%
CHENIERE ENERGY
1.09%
CORTEVA INC
1.02%
SIMON PROPERTY GROUP REIT
0.99%
ELECTRONIC ARTS
0.95%
ALLSTATE
0.93%
OCCIDENTAL U
0.92%
CARDINAL HEALTH
0.92%
COMFORT SYSTEMS USA
0.91%
AMETEK
0.90%
FORD MOTOR
0.86%
CVMC
CORNING
0.95%
VERTIV HOLDINGS
0.85%
WESTERN DIGITAL
0.82%
MARVELL TECHNOLOGY
0.80%
SEAGATE TECHNOLOGY HOLDINGS PLC
0.77%
QUANTA SERVICES
0.74%
CUMMINS
0.68%
ROSS STORES
0.64%
WARNER BROS. DISCOVERY
0.62%
GENERAL MOTORS
0.62%
BAKER HUGHES
0.57%
IE000IVNQZ81
0.57%
PACCAR
0.56%
TRUIST FINANCIAL CORP
0.54%
REALTY INCOME REIT
0.54%
Frequently asked questions about FMDE and CVMC
How have the FMDE and CVMC ETFs performed in 2026?
As of April 24, 2026, FMDE is up 5.58% year-to-date (YTD), while CVMC has returned 8.73%. That puts CVMC better performer ahead so far this year.
Which ETF is attracting more investor money: FMDE or CVMC?
Year-to-date, the FMDE ETF saw +$1.54B in flows, compared to -$6M for CVMC.
Which ETF is more volatile: FMDE or CVMC?
Over the past year, FMDE had a volatility of 13.82%, while CVMC experienced 14.26%.
Which ETF is bigger: FMDE or CVMC?
As of April 24, 2026, FMDE holds $6.45 B in assets under management (AUM), while CVMC manages $86.88 M.
What sectors do the FMDE and CVMC ETFs invest in?
FMDE leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, CVMC focuses on Industrials, Information Technology and Financials.
What are the top holdings of the FMDE ETF and CVMC ETF?
FMDE top holdings include WESTERN DIGITAL, HOWMET AEROSPACE INC and MARATHON PETROLEUM. CVMC holds in its top three: CORNING, VERTIV HOLDINGS and WESTERN DIGITAL.
Which ETF is more diversified: FMDE or CVMC?
FMDE holds 335 securities with 15.46% of its assets in the top 15. CVMC has 586 securities and a top 15 weight of 10.27%.
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Latest news about FMDE & CVMC
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FMDE
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FMDE
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