FMDEvsIWRETF Comparison
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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 14.3% year-to-date (YTD) with +$2.81B in YTD flows. IWR performs better with 15.8% YTD performance, and +$2.77B 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.
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FMDE vs IWR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE IWR | -2.41%-1.91% | +4.95%+4.61% | +14.30%+15.80% | +16.11%+16.35% | n/a+60.26% | n/a+45.97% |
| Flows | FMDE IWR | +$316M+$129M | +$934M-$264M | +$2.81B+$2.77B | +$3.92B+$4.52B | -+$10.37B | -+$12.17B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE IWR | +11.84%+12.15% | +13.67%+13.65% | n/a+15.93% | n/a+18.27% |
| Max drawdown | FMDE IWR | -3.82%-3.78% | -8.28%-8.16% | n/a-21.08% | n/a-26.20% |
| Max drawdown duration | FMDE IWR | 24d23d | 49d49d | n/a239d | n/a854d |
Trading data
FMDE | IWR | |
Last sale 9/10/2026 at 1:30 PM | $41.03 | $108.96 |
| Previous close 09/09/2026 | $41.36 | $109.94 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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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 | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
FMDE | IWR | |
|---|---|---|
| Last price | $41.03 | $108.96 |
| 1D performance | -0.80% | -0.89% |
| AuM | $8.26 B | $56.51 B |
| E/R | 0.23% | 0.18% |
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Exposure
Countries
FMDE
USA
96.21%
Other
3.79%
IWR
USA
96.23%
Other
3.77%
Sectors
FMDE
Technology
19.53%
Finance
19.26%
Industrials
16.67%
Healthcare
10.6%
Non-Energy Materi.
7.48%
Other
26.46%
IWR
Finance
22.01%
Technology
15.73%
Industrials
14.33%
Healthcare
11.14%
Other
36.79%
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Diversification
FMDE
Total weight of top 15 holdings out of 15
13.43%
IWR
Total weight of top 15 holdings out of 15
8.16%
Top 15 holdings
Data as of July 31, 2026
FMDE
Marathon Petroleum Corp.
1.07%
The Allstate Corp.
1.07%
L3Harris Technologies, Inc.
0.95%
Ford Motor Co.
0.92%
Nucor Corp.
0.92%
AMETEK, Inc.
0.91%
Kinder Morgan, Inc.
0.89%
Ventas, Inc.
0.89%
State Street Corp.
0.89%
Keysight Technologies, Inc.
0.86%
Humana, Inc.
0.85%
Expedia Group, Inc.
0.83%
Comfort Systems USA, Inc.
0.80%
Cardinal Health, Inc.
0.79%
Corteva, Inc.
0.79%
IWR
Snowflake, Inc.
0.72%
Marathon Petroleum Corp.
0.67%
Cloudflare, Inc.
0.65%
Datadog, Inc.
0.64%
Phillips 66
0.61%
Royal Caribbean Group
0.59%
Simon Property Group, Inc.
0.53%
Digital Realty Trust, Inc.
0.51%
The Allstate Corp.
0.49%
United Rentals, Inc.
0.48%
Robinhood Markets, Inc.
0.48%
Hewlett Packard Enterprise Co.
0.45%
Kinder Morgan, Inc.
0.45%
Warner Bros. Discovery, Inc.
0.44%
Realty Income Corp.
0.44%
Frequently asked questions about FMDE and IWR
How have the FMDE and IWR ETFs performed in 2026?
As of September 9, 2026, FMDE is up 14.3% year-to-date (YTD), while IWR has returned 15.8%. 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 +$2.81B in flows, compared to +$2.77B for IWR.
Which ETF is more volatile: FMDE or IWR?
Over the past year, FMDE had a volatility of 13.67%, while IWR experienced 13.65%.
Which ETF is bigger: FMDE or IWR?
As of September 9, 2026, FMDE holds $8.26 B in assets under management (AUM), while IWR manages $56.51 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 Marathon Petroleum Corp., The Allstate Corp. and L3Harris Technologies, Inc.. IWR holds in its top three: Snowflake, Inc., Marathon Petroleum Corp. and Cloudflare, Inc..
Which ETF is more diversified: FMDE or IWR?
FMDE holds 374 securities with 13.43% of its assets in the top 15. IWR has 823 securities and a top 15 weight of 8.16%.
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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
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