FMDEvsSCHMETF Comparison
VS
Fidelity Enhanced Mid Cap ETF (FMDE) and Schwab U.S. Mid-Cap ETF (SCHM) belong to the same industry segment: US Mid Cap. FMDE's top 3 sector exposures are Technology, Finance and Industrials. In contrast, SCHM's top sector exposures are Finance, Technology and Industrials. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.03% for SCHM. FMDE is up 14.88% year-to-date (YTD) with +$3.04B in YTD flows. SCHM performs better with 15.97% YTD performance, and +$464M in YTD flows. Run a side-by-side ETF comparison of FMDE and SCHM 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 SCHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMDE SCHM | +1.45%-0.35% | +2.87%-1.41% | +14.88%+15.97% | +16.24%+17.09% | n/a+68.64% | n/a+37.14% |
| Flows | FMDE SCHM | +$279M+$110M | +$745M+$228M | +$3.04B+$464M | +$3.59B+$470M | -+$46M | -+$1.11B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMDE SCHM | +11.13%+14.07% | +13.39%+16.46% | n/a+17.96% | n/a+19.80% |
| Max drawdown | FMDE SCHM | -5.79%-7.18% | -8.28%-9.30% | n/a-23.35% | n/a-26.40% |
| Max drawdown duration | FMDE SCHM | 68d67d | 49d46d | n/a283d | n/a855d |
Trading data
FMDE | SCHM | |
Last sale 10/23/2026 at 1:30 PM | $41.42 | $34.54 |
| Previous close 10/22/2026 | $41.56 | $34.73 |
| Consolidated volume 10/22/2026 | ||
| 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
Create an account to view replication metrics
Join for free
FMDE
is actively managed and doesn’t replicate an indexFMDE | SCHM | |
|---|---|---|
| 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 | SCHM | |
|---|---|---|
| Last price | $41.42 | $34.54 |
| 1D performance | -0.34% | -0.55% |
| AuM | $8.52 B | $14.64 B |
| E/R | 0.23% | 0.03% |
Characteristics
FMDE | SCHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fidelity | Schwab ETFs |
| Benchmark | - | Dow Jones U.S. Mid-Cap Total Stock Market Index |
| N° of holdings | 415 | 491 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2023 | January 13, 2011 |
| ESG | No | No |
Advertisement
Exposure
Countries
FMDE
USA
95.97%
Other
4.03%
SCHM
USA
96.52%
Other
3.48%
Sectors
FMDE
Technology
20%
Finance
19.15%
Industrials
15.76%
Healthcare
11.14%
Non-Energy Materi.
7.52%
Other
26.43%
SCHM
Finance
19.22%
Technology
18.84%
Industrials
16.03%
Healthcare
13.16%
Non-Energy Materi.
9.47%
Other
23.28%
Diversification
FMDE
Total weight of top 15 holdings out of 15
13.21%
SCHM
Total weight of top 15 holdings out of 15
14.96%
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%
SCHM
Sandisk Corp.
4.04%
Lumentum Holdings, Inc.
1.26%
Bloom Energy Corp.
1.06%
Coherent Corp.
1.05%
Moderna, Inc.
1.05%
Ciena Corp.
1.01%
Revolution Medicines, Inc.
0.79%
Flex Ltd.
0.75%
Twilio, Inc.
0.64%
Steel Dynamics, Inc.
0.58%
Centene Corp.
0.57%
Casey's General Stores, Inc.
0.56%
TechnipFMC plc
0.56%
ATI, Inc.
0.55%
Tapestry, Inc.
0.49%
Frequently asked questions about FMDE and SCHM
How have the FMDE and SCHM ETFs performed in 2026?
As of October 23, 2026, FMDE is up 14.88% year-to-date (YTD), while SCHM has returned 15.97%. That puts SCHM better performer ahead so far this year.
Which ETF is attracting more investor money: FMDE or SCHM?
Year-to-date, the FMDE ETF saw +$3.04B in flows, compared to +$464M for SCHM.
Which ETF is more volatile: FMDE or SCHM?
Over the past year, FMDE had a volatility of 13.39%, while SCHM experienced 16.46%.
Which ETF is bigger: FMDE or SCHM?
As of October 23, 2026, FMDE holds $8.52 B in assets under management (AUM), while SCHM manages $14.64 B.
What sectors do the FMDE and SCHM ETFs invest in?
FMDE leans toward sectors like Technology, Finance and Industrials. Meanwhile, SCHM focuses on Finance, Technology and Industrials.
What are the top holdings of the FMDE ETF and SCHM ETF?
FMDE top holdings include Marathon Petroleum Corp., Snowflake, Inc. and The Allstate Corp.. SCHM holds in its top three: Sandisk Corp., Lumentum Holdings, Inc. and Bloom Energy Corp..
Which ETF is more diversified: FMDE or SCHM?
FMDE holds 417 securities with 13.21% of its assets in the top 15. SCHM has 491 securities and a top 15 weight of 14.96%.
Advertisement
Latest news about FMDE & SCHM
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
