BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FMDEvsIWRETF Comparison

ETF 1

FMDE

Fidelity Enhanced Mid Cap ETF

This fund is part of

US Mid Cap

-1.52%

Full FMDE fund page

VS

ETF 2

IWR

iShares Russell Mid-Cap ETF

This fund is part of

US Mid Cap

-1.52%

Full IWR fund page

Fidelity Enhanced Mid Cap ETF (FMDE) and iShares Russell Mid-Cap ETF (IWR) belong to the same industry segment: US Mid Cap. FMDE's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, IWR's top sector exposures are Industrials, Information Technology and Financials. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.18% for IWR. FMDE is up 7.14% year-to-date (YTD) with +$1.90B in YTD flows. IWR performs better with 9.75% YTD performance, and +$3.09B in YTD flows. Run a side-by-side ETF comparison of FMDE and IWR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FMDE vs IWR performance and flow charts

Performance

Cumulative Flows

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

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 06/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMDE IWR	-0.11%-0.16%	+6.38%+6.53%	+7.14%+9.75%	+16.47%+17.85%	n/a+54.56%	n/a+43.11%
Flows	FMDE IWR	+$280M+$823M	+$1.22B+$2.91B	+$1.90B+$3.09B	+$3.56B+$5.57B	-+$10.93B	-+$12.43B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMDE IWR	+15.36%+15.31%	+13.67%+13.68%	n/a+15.93%	n/a+18.28%
Max drawdown	FMDE IWR	-4.17%-4.23%	-8.28%-8.16%	n/a-21.08%	n/a-26.20%
Max drawdown duration	FMDE IWR	23d28d	49d49d	n/a239d	n/a854d

Trading data

Create an account to view trading data

Join for free

	FMDE	IWR
Last sale 6/11/2026 at 1:30 PM	$39.71	$107.72
Previous close 06/10/2026	$38.85	$105.39
Consolidated volume 06/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

FMDE

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 6/11/2026 at 1:30 PM

Live

Closed

	FMDE	IWR
Last price	$39.71	$107.72
1D performance	+2.21%	+2.21%
AuM	$6.90 B	$54.01 B
E/R	0.23%	0.18%

Characteristics

	FMDE	IWR
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	Russell Midcap Index
N° of holdings	307	718
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	July 17, 2001
ESG	No	No

More FMDE data on Trackinsight

More IWR data on Trackinsight

Exposure

Countries

FMDE

USA

93.02%

Other

6.98%

IWR

USA

93.91%

Other

6.09%

Sectors

FMDE

Industrials

18.41%

Information Techn.

17.76%

Consumer Discreti.

12.95%

Financials

12.64%

Health Care

7.45%

Other

30.8%

IWR

Industrials

16.96%

Information Techn.

14.26%

Financials

12.04%

Consumer Discreti.

10.29%

Health Care

7.82%

Other

38.62%

Diversification

FMDE

Total weight of top 15 holdings out of 15

15.05%

IWR

Total weight of top 15 holdings out of 15

10.87%

Top 15 holdings

Data as of April 30, 2026

FMDE

WESTERN DIGITAL

1.44%

BANK OF NEW YORK MELLON

1.24%

HOWMET AEROSPACE INC

1.21%

SIMON PROPERTY GROUP REIT

1.01%

COMFORT SYSTEMS USA

1.00%

MARATHON PETROLEUM

0.99%

TERADYNE

0.99%

AMETEK

0.93%

KINDER MORGAN

0.92%

CORTEVA INC

0.90%

ALLSTATE

0.90%

STATE STREET

0.88%

FORD MOTOR

0.88%

ELECTRONIC ARTS

0.88%

CARDINAL HEALTH

0.87%

IWR

US80004C2008

1.16%

WESTERN DIGITAL

1.10%

CORNING

0.95%

VERTIV HOLDINGS

0.93%

QUANTA SERVICES

0.79%

HOWMET AEROSPACE INC

0.72%

BANK OF NEW YORK MELLON

0.69%

CUMMINS

0.68%

VALERO ENERGY

0.57%

MONOLITHIC POWER SYSTEMS

0.55%

MARATHON PETROLEUM

0.55%

CIENA

0.55%

HILTON INC

0.55%

ROSS STORES

0.54%

PHILLIPS 66

0.53%

Frequently asked questions about FMDE and IWR

How have the FMDE and IWR ETFs performed in 2026?

As of June 10, 2026, FMDE is up 7.14% year-to-date (YTD), while IWR has returned 9.75%. That puts IWR better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$1.90B in flows, compared to +$3.09B for IWR.

Which ETF is more volatile: FMDE or IWR?

Over the past year, FMDE had a volatility of 13.67%, while IWR experienced 13.68%.

Which ETF is bigger: FMDE or IWR?

As of June 10, 2026, FMDE holds $6.90 B in assets under management (AUM), while IWR manages $54.01 B.

What sectors do the FMDE and IWR ETFs invest in?

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

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

FMDE top holdings include WESTERN DIGITAL, BANK OF NEW YORK MELLON and HOWMET AEROSPACE INC. IWR holds in its top three: US80004C2008, WESTERN DIGITAL and CORNING.

Which ETF is more diversified: FMDE or IWR?

FMDE holds 329 securities with 15.05% of its assets in the top 15. IWR has 806 securities and a top 15 weight of 10.87%.

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

FMDEvsIWRETF Comparison

Fidelity Enhanced Mid Cap ETF

iShares Russell Mid-Cap ETF

FMDE vs IWR 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 IWR ETFs performed in 2026?

As of June 10, 2026, FMDE is up 7.14% year-to-date (YTD), while IWR has returned 9.75%. That puts IWR better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$1.90B in flows, compared to +$3.09B for IWR.

Which ETF is more volatile: FMDE or IWR?

Over the past year, FMDE had a volatility of 13.67%, while IWR experienced 13.68%.

Which ETF is bigger: FMDE or IWR?

As of June 10, 2026, FMDE holds $6.90 B in assets under management (AUM), while IWR manages $54.01 B.

What sectors do the FMDE and IWR ETFs invest in?

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

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

FMDE top holdings include WESTERN DIGITAL, BANK OF NEW YORK MELLON and HOWMET AEROSPACE INC. IWR holds in its top three: US80004C2008, WESTERN DIGITAL and CORNING.

Which ETF is more diversified: FMDE or IWR?

FMDE holds 329 securities with 15.05% of its assets in the top 15. IWR has 806 securities and a top 15 weight of 10.87%.

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

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

Expert-Built ETF Portfolios, All in One Place