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FMDEvsIWRETF Comparison

ETF 1

FMDE

Fidelity Enhanced Mid Cap ETF

This fund is part of

US Mid Cap

-0.56%

Full FMDE fund page

VS

ETF 2

IWR

iShares Russell Mid-Cap ETF

This fund is part of

US Mid Cap

-0.56%

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 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 14.88% year-to-date (YTD) with +$3.04B in YTD flows. IWR performs worse with 14.68% YTD performance, and +$3.95B 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

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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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMDE IWR	+1.45%+1.12%	+2.87%+0.86%	+14.88%+14.68%	+16.24%+14.51%	n/a+72.09%	n/a+40.63%
Flows	FMDE IWR	+$279M+$826M	+$745M+$1.02B	+$3.04B+$3.95B	+$3.59B+$5.32B	-+$11.44B	-+$13.29B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMDE IWR	+11.13%+11.41%	+13.39%+13.47%	n/a+15.76%	n/a+18.24%
Max drawdown	FMDE IWR	-5.79%-6.83%	-8.28%-8.16%	n/a-21.08%	n/a-26.20%
Max drawdown duration	FMDE IWR	68d68d	49d49d	n/a239d	n/a854d

Trading data

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	FMDE	IWR
Last sale 10/23/2026 at 1:30 PM	$41.42	$109.47
Previous close 10/23/2026	$41.56	$109.97
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 index

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

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	FMDE	IWR
Last price	$41.42	$109.47
1D performance	-0.34%	-0.45%
AuM	$8.52 B	$56.99 B
E/R	0.23%	0.18%

Characteristics

	FMDE	IWR
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	Russell Midcap Index
N° of holdings	415	808
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

95.97%

Other

4.03%

IWR

USA

96.24%

Other

3.76%

Sectors

FMDE

Technology

20%

Finance

19.15%

Industrials

15.76%

Healthcare

11.14%

Non-Energy Materi.

7.52%

Other

26.43%

IWR

Finance

21.61%

Technology

16.34%

Industrials

13.72%

Healthcare

11.84%

Other

36.48%

Diversification

FMDE

Total weight of top 15 holdings out of 15

13.21%

IWR

Total weight of top 15 holdings out of 15

8.43%

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%

IWR

Snowflake, Inc.

0.80%

Marathon Petroleum Corp.

0.79%

Phillips 66

0.71%

Cloudflare, Inc.

0.69%

Robinhood Markets, Inc.

0.58%

Datadog, Inc.

0.56%

Hewlett Packard Enterprise Co.

0.50%

Warner Bros. Discovery, Inc.

0.49%

Simon Property Group, Inc.

0.49%

Royal Caribbean Group

0.49%

Digital Realty Trust, Inc.

0.48%

The Allstate Corp.

0.47%

Lumentum Holdings, Inc.

0.47%

United Rentals, Inc.

0.47%

Baker Hughes Co.

0.45%

Frequently asked questions about FMDE and IWR

How have the FMDE and IWR ETFs performed in 2026?

As of October 23, 2026, FMDE is up 14.88% year-to-date (YTD), while IWR has returned 14.68%. That puts FMDE better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$3.04B in flows, compared to +$3.95B for IWR.

Which ETF is more volatile: FMDE or IWR?

Over the past year, FMDE had a volatility of 13.39%, while IWR experienced 13.47%.

Which ETF is bigger: FMDE or IWR?

As of October 23, 2026, FMDE holds $8.52 B in assets under management (AUM), while IWR manages $56.99 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., Snowflake, Inc. and The Allstate Corp.. IWR holds in its top three: Snowflake, Inc., Marathon Petroleum Corp. and Phillips 66.

Which ETF is more diversified: FMDE or IWR?

FMDE holds 417 securities with 13.21% of its assets in the top 15. IWR has 818 securities and a top 15 weight of 8.43%.

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 October 23, 2026, FMDE is up 14.88% year-to-date (YTD), while IWR has returned 14.68%. That puts FMDE better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$3.04B in flows, compared to +$3.95B for IWR.

Which ETF is more volatile: FMDE or IWR?

Over the past year, FMDE had a volatility of 13.39%, while IWR experienced 13.47%.

Which ETF is bigger: FMDE or IWR?

As of October 23, 2026, FMDE holds $8.52 B in assets under management (AUM), while IWR manages $56.99 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., Snowflake, Inc. and The Allstate Corp.. IWR holds in its top three: Snowflake, Inc., Marathon Petroleum Corp. and Phillips 66.

Which ETF is more diversified: FMDE or IWR?

FMDE holds 417 securities with 13.21% of its assets in the top 15. IWR has 818 securities and a top 15 weight of 8.43%.

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

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

ETFs’ Next Act: From Access to Selection