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FMDEvsSMOTETF Comparison

ETF 1
FMDE

Fidelity Enhanced Mid Cap ETF

This fund is part of
US Mid Cap
-1.75%
Full FMDE fund page
VS
ETF 2
SMOT

VanEck Morningstar SMID Moat ETF

This fund is part of
US Multi-Factor
-1.26%
Full SMOT fund page

Fidelity Enhanced Mid Cap ETF (FMDE) belongs to the US Mid Cap segment. VanEck Morningstar SMID Moat ETF (SMOT) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Consumer Discretionary. FMDE is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.5% for SMOT. FMDE is down -1.27% year-to-date (YTD) with +$1.08B in YTD flows. SMOT performs worse with -1.78% YTD performance, and -$19M in YTD flows. Run a side-by-side ETF comparison of FMDE and SMOT 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 SMOT performance and flow charts

Performance

-5.0-4.0-3.0-2.0-1.00.01.02.0%Feb 11Feb 19Feb 26Mar 5Mar 12

Cumulative Flows

0 M100 M200 M300 M400 M500 M600 MFeb 11Feb 19Feb 26Mar 5Mar 12

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
FMDE
SMOT
-2.94%-4.58%
-1.88%-3.16%
-1.27%-1.78%
+16.97%+8.84%
n/a+35.42%
n/an/a
Flows
FMDE
SMOT
+$553M-$6M
+$1.19B-$18M
+$1.08B-$19M
+$2.87B-$108M
-+$238M
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
FMDE
SMOT
+14.08%+13.09%
+19.25%+20.93%
n/a+17.76%
n/an/a
Max drawdown
FMDE
SMOT
-6.18%-5.80%
-14.49%-16.08%
n/a-23.35%
n/an/a
Max drawdown duration
FMDE
SMOT
14d48d
46d46d
n/a380d
n/an/a
Trading data

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FMDE
SMOT
Last sale
3/13/2026 at 3:28 PM
$35.84
$34.98
Previous close
03/12/2026
$35.88
$35.55
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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FMDE
is actively managed and doesn’t replicate an index

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FMDE
SMOT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 3:28 PM
Live
Closed
FMDE
SMOT
Last price
$35.84
$34.98
1D performance
-0.13%
-1.60%
AuM$5.60 B$333.44 M
E/R0.23%0.5%
Characteristics
FMDE
SMOT
Management strategyActivePassive
ProviderFidelityVanEck
Benchmark-Morningstar US Small-Mid Cap Moat Focus Index
N° of holdings289102
Asset class-Equities
Trailing 12m distribution yield
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Inception dateNovember 20, 2023October 4, 2022
ESGNoNo
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Exposure

Countries

FMDE
USA
94.09%
Other
5.91%
SMOT
USA
89.03%
Other
10.97%

Sectors

FMDE
Industrials
19.51%
Information Techn.
16.97%
Consumer Discreti.
12.94%
Financials
12.9%
Health Care
8.35%
Real Estate
7.15%
Other
22.18%
SMOT
Industrials
18.78%
Information Techn.
18.32%
Consumer Discreti.
13.67%
Health Care
12.55%
Materials
10.92%
Other
25.76%
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Diversification

FMDE

Total weight of top 15 holdings out of 15

14.71%
SMOT

Total weight of top 15 holdings out of 15

23.88%

Top 15 holdings

Data as of January 31, 2026
FMDE
WESTERN DIGITAL
1.43%
BANK OF NEW YORK MELLON
1.19%
HOWMET AEROSPACE INC
1.17%
KINDER MORGAN
1.00%
SIMON PROPERTY GROUP REIT
0.96%
FORD MOTOR
0.96%
AMETEK
0.94%
CUMMINS
0.91%
CORTEVA INC
0.91%
ELECTRONIC ARTS
0.91%
CARDINAL HEALTH
0.90%
COMFORT SYSTEMS USA
0.89%
MARATHON PETROLEUM
0.87%
ALLSTATE
0.86%
ZOOM VIDEO COMMUNICATIONS INC
0.80%
SMOT
ALBEMARLE
2.40%
HUNTINGTON INGALLS INDUSTRIES
1.94%
SCHLUMBERGER
1.75%
NORDSON
1.60%
PACCAR
1.59%
CF INDUSTRIES HOLDINGS
1.55%
HASBRO
1.50%
PORTLAND GENERAL ELECTRIC
1.49%
ROYALTY PHARMA
1.48%
MATTEL
1.45%
CARNIVAL
1.45%
AIRBNB
1.44%
CORTEVA INC
1.44%
SENSATA TECHNOLOGIES HOLDING
1.41%
ZOOM VIDEO COMMUNICATIONS INC
1.40%
Frequently asked questions about FMDE and SMOT

How have the FMDE and SMOT ETFs performed in 2026?

As of March 12, 2026, FMDE is down -1.27% year-to-date (YTD), while SMOT has lost -1.78%. That puts FMDE better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$1.08B in flows, compared to -$19M for SMOT.

Which ETF is more volatile: FMDE or SMOT?

Over the past year, FMDE had a volatility of 19.25%, while SMOT experienced 20.93%.

Which ETF is bigger: FMDE or SMOT?

As of March 12, 2026, FMDE holds $5.60 B in assets under management (AUM), while SMOT manages $333.44 M.

What sectors do the FMDE and SMOT ETFs invest in?

FMDE leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, SMOT focuses on Industrials, Information Technology and Consumer Discretionary.

What are the top holdings of the FMDE ETF and SMOT ETF?

FMDE top holdings include WESTERN DIGITAL, BANK OF NEW YORK MELLON and HOWMET AEROSPACE INC. SMOT holds in its top three: ALBEMARLE, HUNTINGTON INGALLS INDUSTRIES and SCHLUMBERGER.

Which ETF is more diversified: FMDE or SMOT?

FMDE holds 309 securities with 14.71% of its assets in the top 15. SMOT has 106 securities and a top 15 weight of 23.88%.

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