FMDEvsIWRETF Comparison
VS
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 Technology, Finance and Industrials. In contrast, IWR's top sector exposures are Finance, Technology and Industrials. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.18% for IWR. FMDE is up 12.26% year-to-date (YTD) with +$2.33B in YTD flows. IWR performs better with 14.15% YTD performance, and +$2.84B 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
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE IWR | +1.22%+0.73% | +6.33%+5.62% | +12.26%+14.15% | +17.13%+16.88% | n/a+50.95% | n/a+47.23% |
| Flows | FMDE IWR | +$327M-$620M | +$792M+$884M | +$2.33B+$2.84B | +$3.79B+$4.96B | -+$10.57B | -+$12.08B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE IWR | +12.48%+12.80% | +13.68%+13.72% | n/a+15.92% | n/a+18.24% |
| Max drawdown | FMDE IWR | -3.27%-2.88% | -8.28%-8.16% | n/a-21.08% | n/a-26.20% |
| Max drawdown duration | FMDE IWR | 8d16d | 49d49d | n/a239d | n/a854d |
Trading data
FMDE | IWR | |
Last sale 7/24/2026 at 1:30 PM | $40.57 | $109.36 |
| Previous close 07/23/2026 | $40.38 | $108.85 |
| Consolidated volume 07/23/2026 | ||
| 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
Create an account to view replication metrics
Join for free
FMDE
is actively managed and doesn’t replicate an indexFMDE | IWR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
FMDE | IWR | |
|---|---|---|
| Last price | $40.57 | $109.36 |
| 1D performance | +0.47% | +0.47% |
| AuM | $7.65 B | $55.78 B |
| E/R | 0.23% | 0.18% |
Advertisement
Exposure
Countries
FMDE
USA
95.81%
Other
4.19%
IWR
USA
95.61%
Other
4.39%
Sectors
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
IWR
Finance
21.03%
Technology
16.71%
Industrials
15.2%
Healthcare
10.74%
Other
36.32%
Advertisement
Diversification
FMDE
Total weight of top 15 holdings out of 15
14.42%
IWR
Total weight of top 15 holdings out of 15
7.98%
Top 15 holdings
Data as of June 30, 2026
FMDE
Teradyne, Inc.
1.12%
The Bank of New York Mellon Corp.
1.05%
Howmet Aerospace, Inc.
1.04%
The Allstate Corp.
1.01%
Kinder Morgan, Inc.
1.00%
Comfort Systems USA, Inc.
0.98%
Marathon Petroleum Corp.
0.96%
AMETEK, Inc.
0.95%
Keysight Technologies, Inc.
0.94%
Ford Motor Co.
0.93%
State Street Corp.
0.92%
L3Harris Technologies, Inc.
0.88%
Ciena Corp.
0.88%
Ventas, Inc.
0.87%
Electronic Arts, Inc.
0.87%
IWR
Datadog, Inc.
0.62%
Snowflake, Inc.
0.61%
Royal Caribbean Group
0.58%
Cloudflare, Inc.
0.56%
Robinhood Markets, Inc.
0.56%
Teradyne, Inc.
0.55%
Marathon Petroleum Corp.
0.54%
Astera Labs, Inc.
0.53%
Simon Property Group, Inc.
0.52%
United Rentals, Inc.
0.51%
Coherent Corp.
0.50%
Comfort Systems USA, Inc.
0.50%
Phillips 66
0.49%
Warner Bros. Discovery, Inc.
0.46%
Digital Realty Trust, Inc.
0.45%
Frequently asked questions about FMDE and IWR
How have the FMDE and IWR ETFs performed in 2026?
As of July 24, 2026, FMDE is up 12.26% year-to-date (YTD), while IWR has returned 14.15%. 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 +$2.33B in flows, compared to +$2.84B for IWR.
Which ETF is more volatile: FMDE or IWR?
Over the past year, FMDE had a volatility of 13.68%, while IWR experienced 13.72%.
Which ETF is bigger: FMDE or IWR?
As of July 24, 2026, FMDE holds $7.65 B in assets under management (AUM), while IWR manages $55.78 B.
What sectors do the FMDE and IWR ETFs invest in?
FMDE leans toward sectors like Technology, Finance and Industrials. Meanwhile, IWR focuses on Finance, Technology and Industrials.
What are the top holdings of the FMDE ETF and IWR ETF?
FMDE top holdings include Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc.. IWR holds in its top three: Datadog, Inc., Snowflake, Inc. and Royal Caribbean Group.
Which ETF is more diversified: FMDE or IWR?
FMDE holds 332 securities with 14.42% of its assets in the top 15. IWR has 824 securities and a top 15 weight of 7.98%.
Advertisement
Latest news about FMDE & IWR
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
Advertisement
Advertisement
