FMDEvsMCDSETF Comparison
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Fidelity Enhanced Mid Cap ETF (FMDE) and JPMorgan Fundamental Data Science Mid Core ETF (MCDS) belong to the same industry segment: US Mid Cap. FMDE's top 3 sector exposures are Technology, Finance and Industrials. In contrast, MCDS's top sector exposures are Finance, Industrials and Technology. FMDE is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.35% for MCDS. FMDE is up 12.26% year-to-date (YTD) with +$2.33B in YTD flows. MCDS performs better with 15.22% YTD performance, and -$4K in YTD flows. Run a side-by-side ETF comparison of FMDE and MCDS 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 MCDS 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 MCDS | +1.22%+0.18% | +6.33%+5.72% | +12.26%+15.22% | +17.13%+17.90% | n/an/a | n/an/a |
| Flows | FMDE MCDS | +$327M-$4K | +$792M-$4K | +$2.33B-$4K | +$3.79B+$14K | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE MCDS | +12.48%+12.55% | +13.68%+13.28% | n/an/a | n/an/a |
| Max drawdown | FMDE MCDS | -3.27%-3.13% | -8.28%-7.49% | n/an/a | n/an/a |
| Max drawdown duration | FMDE MCDS | 8d16d | 49d46d | n/an/a | n/an/a |
Trading data
FMDE | MCDS | |
Last sale 7/24/2026 at 1:30 PM | $40.57 | $67.15 |
| Previous close 07/23/2026 | $40.38 | $66.88 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
FMDE | MCDS | |
|---|---|---|
| Last price | $40.57 | $67.15 |
| 1D performance | +0.47% | +0.40% |
| AuM | $7.65 B | $8.06 M |
| E/R | 0.23% | 0.35% |
Characteristics
FMDE | MCDS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 329 | 185 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2023 | August 7, 2024 |
| ESG | No | No |
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Exposure
Countries
FMDE
USA
95.81%
Other
4.19%
MCDS
USA
97.18%
Other
2.82%
Sectors
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
MCDS
Finance
20.78%
Industrials
18.07%
Technology
17.55%
Healthcare
8.96%
Other
34.64%
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Diversification
FMDE
Total weight of top 15 holdings out of 15
14.42%
MCDS
Total weight of top 15 holdings out of 15
20.19%
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%
MCDS
Western Digital Corp.
2.94%
Howmet Aerospace, Inc.
1.62%
Teradyne, Inc.
1.60%
Quanta Services, Inc.
1.35%
State Street Corp.
1.29%
Sandisk Corp.
1.26%
Hilton Worldwide Holdings, Inc.
1.24%
Cardinal Health, Inc.
1.18%
Westinghouse Air Brake Technologies Corp.
1.15%
Hewlett Packard Enterprise Co.
1.13%
Marathon Petroleum Corp.
1.13%
Dover Corp.
1.12%
Ross Stores, Inc.
1.08%
M&T Bank Corp.
1.06%
Corning, Inc.
1.04%
Frequently asked questions about FMDE and MCDS
How have the FMDE and MCDS ETFs performed in 2026?
As of July 24, 2026, FMDE is up 12.26% year-to-date (YTD), while MCDS has returned 15.22%. That puts MCDS better performer ahead so far this year.
Which ETF is attracting more investor money: FMDE or MCDS?
Year-to-date, the FMDE ETF saw +$2.33B in flows, compared to -$4K for MCDS.
Which ETF is more volatile: FMDE or MCDS?
Over the past year, FMDE had a volatility of 13.68%, while MCDS experienced 13.28%.
Which ETF is bigger: FMDE or MCDS?
As of July 24, 2026, FMDE holds $7.65 B in assets under management (AUM), while MCDS manages $8.06 M.
What sectors do the FMDE and MCDS ETFs invest in?
FMDE leans toward sectors like Technology, Finance and Industrials. Meanwhile, MCDS focuses on Finance, Industrials and Technology.
What are the top holdings of the FMDE ETF and MCDS ETF?
FMDE top holdings include Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc.. MCDS holds in its top three: Western Digital Corp., Howmet Aerospace, Inc. and Teradyne, Inc..
Which ETF is more diversified: FMDE or MCDS?
FMDE holds 332 securities with 14.42% of its assets in the top 15. MCDS has 185 securities and a top 15 weight of 20.19%.
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Latest news about FMDE & MCDS
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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