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FMDEvsEUSAETF Comparison

ETF 1

FMDE

Fidelity Enhanced Mid Cap ETF

This fund is part of

US Mid Cap

+1.8%

Full FMDE fund page

VS

ETF 2

EUSA

iShares MSCI USA Equal Weighted ETF

This fund is part of

US Large Cap

+1.03%

Full EUSA fund page

Fidelity Enhanced Mid Cap ETF (FMDE) belongs to the US Mid Cap segment. iShares MSCI USA Equal Weighted ETF (EUSA) is part of the US Large Cap segment. FMDE's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, EUSA's top sector exposures are Information Technology, Industrials and Financials. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.09% for EUSA. FMDE is up 6.27% year-to-date (YTD) with +$1.57B in YTD flows. EUSA performs worse with 5.61% YTD performance, and +$69M in YTD flows. Run a side-by-side ETF comparison of FMDE and EUSA 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 EUSA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMDE EUSA	+10.10%+9.32%	+5.00%+3.39%	+6.27%+5.61%	+24.26%+20.32%	n/a+51.75%	n/a+43.27%
Flows	FMDE EUSA	+$233M-$10M	+$1.19B+$22M	+$1.57B+$69M	+$3.36B-$38M	-+$821M	-+$861M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMDE EUSA	+16.77%+14.59%	+13.94%+12.51%	n/a+14.51%	n/a+17.09%
Max drawdown	FMDE EUSA	-8.28%-7.82%	-8.28%-7.82%	n/a-18.22%	n/a-25.29%
Max drawdown duration	FMDE EUSA	49d49d	49d49d	n/a226d	n/a834d

Trading data

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	FMDE	EUSA
Last sale 5/1/2026 at 3:45 PM	$38.60	$108.94
Previous close 04/29/2026	$38.49	$108.81
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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FMDE

is actively managed and doesn’t replicate an index

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	FMDE	EUSA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 3:45 PM

Live

Closed

	FMDE	EUSA
Last price	$38.60	$108.94
1D performance	+0.27%	+0.12%
AuM	$6.52 B	$1.59 B
E/R	0.23%	0.09%

Characteristics

	FMDE	EUSA
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	MSCI USA Equal Weighted Index
N° of holdings	311	503
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	May 5, 2010
ESG	No	No

More FMDE data on Trackinsight

More EUSA data on Trackinsight

Exposure

Countries

FMDE

USA

93.18%

Other

6.82%

EUSA

USA

93.31%

Other

6.69%

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%

EUSA

Information Techn.

18.15%

Industrials

14.23%

Financials

12.83%

Health Care

10.2%

Consumer Discreti.

9.16%

Other

35.42%

Diversification

FMDE

Total weight of top 15 holdings out of 15

15.46%

EUSA

Total weight of top 15 holdings out of 15

3.8%

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%

EUSA

LYONDELLBASELL INDUSTRIES

0.28%

OCCIDENTAL U

0.28%

DELL TECHNOLOGIES INC

0.28%

CF INDUSTRIES HOLDINGS

0.27%

DOW INC

0.26%

CHENIERE ENERGY

0.25%

CIENA

0.25%

VALERO ENERGY

0.25%

MARVELL TECHNOLOGY

0.25%

NETFLIX

0.24%

UTD THERAPEUT

0.24%

MARATHON PETROLEUM

0.24%

SAMSARA

0.24%

CONOCOPHILLIPS

0.24%

BLOCK INC

0.24%

Frequently asked questions about FMDE and EUSA

How have the FMDE and EUSA ETFs performed in 2026?

As of April 30, 2026, FMDE is up 6.27% year-to-date (YTD), while EUSA has returned 5.61%. That puts FMDE better performer ahead so far this year.

Which ETF is attracting more investor money: FMDE or EUSA?

Year-to-date, the FMDE ETF saw +$1.57B in flows, compared to +$69M for EUSA.

Which ETF is more volatile: FMDE or EUSA?

Over the past year, FMDE had a volatility of 13.94%, while EUSA experienced 12.51%.

Which ETF is bigger: FMDE or EUSA?

As of April 30, 2026, FMDE holds $6.52 B in assets under management (AUM), while EUSA manages $1.59 B.

What sectors do the FMDE and EUSA ETFs invest in?

FMDE leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, EUSA focuses on Information Technology, Industrials and Financials.

What are the top holdings of the FMDE ETF and EUSA ETF?

FMDE top holdings include WESTERN DIGITAL, HOWMET AEROSPACE INC and MARATHON PETROLEUM. EUSA holds in its top three: LYONDELLBASELL INDUSTRIES, OCCIDENTAL U and DELL TECHNOLOGIES INC.

Which ETF is more diversified: FMDE or EUSA?

FMDE holds 335 securities with 15.46% of its assets in the top 15. EUSA has 538 securities and a top 15 weight of 3.8%.

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

FMDEvsEUSAETF Comparison

Fidelity Enhanced Mid Cap ETF

iShares MSCI USA Equal Weighted ETF

FMDE vs EUSA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FMDE and EUSA ETFs performed in 2026?

As of April 30, 2026, FMDE is up 6.27% year-to-date (YTD), while EUSA has returned 5.61%. That puts FMDE better performer ahead so far this year.

Which ETF is attracting more investor money: FMDE or EUSA?

Year-to-date, the FMDE ETF saw +$1.57B in flows, compared to +$69M for EUSA.

Which ETF is more volatile: FMDE or EUSA?

Over the past year, FMDE had a volatility of 13.94%, while EUSA experienced 12.51%.

Which ETF is bigger: FMDE or EUSA?

As of April 30, 2026, FMDE holds $6.52 B in assets under management (AUM), while EUSA manages $1.59 B.

What sectors do the FMDE and EUSA ETFs invest in?

FMDE leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, EUSA focuses on Information Technology, Industrials and Financials.

What are the top holdings of the FMDE ETF and EUSA ETF?

FMDE top holdings include WESTERN DIGITAL, HOWMET AEROSPACE INC and MARATHON PETROLEUM. EUSA holds in its top three: LYONDELLBASELL INDUSTRIES, OCCIDENTAL U and DELL TECHNOLOGIES INC.

Which ETF is more diversified: FMDE or EUSA?

FMDE holds 335 securities with 15.46% of its assets in the top 15. EUSA has 538 securities and a top 15 weight of 3.8%.

Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

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