FMDEvsIQSMETF Comparison
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Fidelity Enhanced Mid Cap ETF (FMDE) and NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) belong to the same industry segment: US Mid Cap. FMDE's top 3 sector exposures are Technology, Finance and Industrials. In contrast, IQSM's top sector exposures are Finance, Technology and Healthcare. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.16% for IQSM. FMDE is up 14.88% year-to-date (YTD) with +$3.04B in YTD flows. IQSM performs worse with 12.65% YTD performance, and +$134M in YTD flows. Run a side-by-side ETF comparison of FMDE and IQSM 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 IQSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE IQSM | +1.45%-0.63% | +2.87%+0.15% | +14.88%+12.65% | +16.24%+14.42% | n/a+59.62% | n/an/a |
| Flows | FMDE IQSM | +$279M+$12M | +$745M+$46M | +$3.04B+$134M | +$3.59B+$126M | -+$116M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE IQSM | +11.13%+12.80% | +13.39%+14.65% | n/a+17.16% | n/an/a |
| Max drawdown | FMDE IQSM | -5.79%-6.21% | -8.28%-8.92% | n/a-23.67% | n/an/a |
| Max drawdown duration | FMDE IQSM | 68d68d | 49d49d | n/a379d | n/an/a |
Trading data
FMDE | IQSM | |
Last sale 10/23/2026 at 1:30 PM | $41.42 | $38.73 |
| Previous close 10/23/2026 | $41.56 | $38.99 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexFMDE | IQSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FMDE | IQSM | |
|---|---|---|
| Last price | $41.42 | $38.73 |
| 1D performance | -0.34% | -0.66% |
| AuM | $8.52 B | $371.76 M |
| E/R | 0.23% | 0.16% |
Characteristics
FMDE | IQSM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fidelity | New York Life Investments |
| Benchmark | - | NYLI Candriam U.S. Mid Cap Equity Index |
| N° of holdings | 415 | 244 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2023 | October 25, 2022 |
| ESG | No | Yes |
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Exposure
Countries
FMDE
USA
95.97%
Other
4.03%
IQSM
USA
93.78%
Other
6.22%
Sectors
FMDE
Technology
20%
Finance
19.15%
Industrials
15.76%
Healthcare
11.14%
Non-Energy Materi.
7.52%
Other
26.43%
IQSM
Finance
22.38%
Technology
18.71%
Healthcare
16.23%
Industrials
15.33%
Non-Energy Materi.
8.44%
Other
18.91%
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Diversification
FMDE
Total weight of top 15 holdings out of 15
13.21%
IQSM
Total weight of top 15 holdings out of 15
13.81%
Top 15 holdings
Data as of August 31, 2026
FMDE
Marathon Petroleum Corp.
1.09%
Snowflake, Inc.
1.01%
The Allstate Corp.
0.99%
State Street Corp.
0.92%
Ford Motor Co.
0.89%
Keysight Technologies, Inc.
0.88%
Kinder Morgan, Inc.
0.87%
AMETEK, Inc.
0.87%
Nucor Corp.
0.85%
L3Harris Technologies, Inc.
0.85%
Ventas, Inc.
0.83%
MongoDB, Inc.
0.81%
Expedia Group, Inc.
0.80%
Northern Trust Corp.
0.78%
Sysco Corp.
0.78%
IQSM
Moderna, Inc.
1.78%
Revolution Medicines, Inc.
1.41%
Twilio, Inc.
1.18%
Okta, Inc.
1.07%
US Foods Holding Corp.
0.93%
nVent Electric Plc
0.89%
F5, Inc.
0.87%
Guardant Health, Inc.
0.79%
Coeur Mining, Inc.
0.76%
Roku, Inc.
0.75%
Viatris, Inc.
0.72%
TD SYNNEX Corp.
0.68%
C.H. Robinson Worldwide, Inc.
0.67%
Jones Lang LaSalle, Inc.
0.66%
Ball Corp.
0.65%
Frequently asked questions about FMDE and IQSM
How have the FMDE and IQSM ETFs performed in 2026?
As of October 23, 2026, FMDE is up 14.88% year-to-date (YTD), while IQSM has returned 12.65%. That puts FMDE better performer ahead so far this year.
Which ETF is attracting more investor money: FMDE or IQSM?
Year-to-date, the FMDE ETF saw +$3.04B in flows, compared to +$134M for IQSM.
Which ETF is more volatile: FMDE or IQSM?
Over the past year, FMDE had a volatility of 13.39%, while IQSM experienced 14.65%.
Which ETF is bigger: FMDE or IQSM?
As of October 23, 2026, FMDE holds $8.52 B in assets under management (AUM), while IQSM manages $371.76 M.
What sectors do the FMDE and IQSM ETFs invest in?
FMDE leans toward sectors like Technology, Finance and Industrials. Meanwhile, IQSM focuses on Finance, Technology and Healthcare.
What are the top holdings of the FMDE ETF and IQSM ETF?
FMDE top holdings include Marathon Petroleum Corp., Snowflake, Inc. and The Allstate Corp.. IQSM holds in its top three: Moderna, Inc., Revolution Medicines, Inc. and Twilio, Inc..
Which ETF is more diversified: FMDE or IQSM?
FMDE holds 417 securities with 13.21% of its assets in the top 15. IQSM has 246 securities and a top 15 weight of 13.81%.
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Latest news about FMDE & IQSM
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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