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 14.3% year-to-date (YTD) with +$2.81B in YTD flows. MCDS performs better with 14.53% YTD performance, and +$1M 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 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE MCDS | -2.41%-3.63% | +4.95%+2.13% | +14.30%+14.53% | +16.11%+16.89% | n/an/a | n/an/a |
| Flows | FMDE MCDS | +$316M+$1M | +$934M+$1M | +$2.81B+$1M | +$3.92B+$1M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE MCDS | +11.84%+11.71% | +13.67%+13.17% | n/an/a | n/an/a |
| Max drawdown | FMDE MCDS | -3.82%-5.19% | -8.28%-7.49% | n/an/a | n/an/a |
| Max drawdown duration | FMDE MCDS | 24d24d | 49d46d | n/an/a | n/an/a |
Trading data
FMDE | MCDS | |
Last sale 9/10/2026 at 1:30 PM | $41.03 | $66.23 |
| Previous close 09/09/2026 | $41.36 | $66.83 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
FMDE | MCDS | |
|---|---|---|
| Last price | $41.03 | $66.23 |
| 1D performance | -0.80% | -0.89% |
| AuM | $8.26 B | $9.35 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 | 372 | 202 |
| 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
96.21%
Other
3.79%
MCDS
USA
96.81%
Other
3.19%
Sectors
FMDE
Technology
19.53%
Finance
19.26%
Industrials
16.67%
Healthcare
10.6%
Non-Energy Materi.
7.48%
Other
26.46%
MCDS
Finance
21.87%
Industrials
16.39%
Technology
16.05%
Healthcare
10.7%
Other
34.99%
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Diversification
FMDE
Total weight of top 15 holdings out of 15
13.43%
MCDS
Total weight of top 15 holdings out of 15
15.97%
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%
MCDS
Marathon Petroleum Corp.
1.39%
Westinghouse Air Brake Technologies Corp.
1.23%
State Street Corp.
1.21%
Hewlett Packard Enterprise Co.
1.17%
Cardinal Health, Inc.
1.15%
M&T Bank Corp.
1.11%
Dover Corp.
0.99%
Raymond James Financial, Inc.
0.99%
Loews Corp.
0.98%
Teradyne, Inc.
0.98%
Arch Capital Group Ltd.
0.97%
Performance Food Group Co.
0.96%
CMS Energy Corp.
0.96%
Entergy Corp.
0.96%
Quest Diagnostics, Inc.
0.94%
Frequently asked questions about FMDE and MCDS
How have the FMDE and MCDS ETFs performed in 2026?
As of September 9, 2026, FMDE is up 14.3% year-to-date (YTD), while MCDS has returned 14.53%. 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 +$2.81B in flows, compared to +$1M for MCDS.
Which ETF is more volatile: FMDE or MCDS?
Over the past year, FMDE had a volatility of 13.67%, while MCDS experienced 13.17%.
Which ETF is bigger: FMDE or MCDS?
As of September 9, 2026, FMDE holds $8.26 B in assets under management (AUM), while MCDS manages $9.35 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 Marathon Petroleum Corp., The Allstate Corp. and L3Harris Technologies, Inc.. MCDS holds in its top three: Marathon Petroleum Corp., Westinghouse Air Brake Technologies Corp. and State Street Corp..
Which ETF is more diversified: FMDE or MCDS?
FMDE holds 374 securities with 13.43% of its assets in the top 15. MCDS has 202 securities and a top 15 weight of 15.97%.
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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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