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FMDEvsVOETF Comparison

ETF 1

FMDE

Fidelity Enhanced Mid Cap ETF

This fund is part of

US Mid Cap

-0.06%

Full FMDE fund page

VS

ETF 2

VO

Vanguard Mid-Cap ETF

This fund is part of

US Mid Cap

-0.06%

Full VO fund page

Fidelity Enhanced Mid Cap ETF (FMDE) and Vanguard Mid-Cap ETF (VO) belong to the same industry segment: US Mid Cap. FMDE's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, VO's top sector exposures are Industrials, Information Technology and Financials. FMDE is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.03% for VO. FMDE is up 6.21% year-to-date (YTD) with +$1.59B in YTD flows. VO performs better with 6.85% YTD performance, and +$3.00B in YTD flows. Run a side-by-side ETF comparison of FMDE and VO 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 VO 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 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FMDE VO	+6.00%+6.92%	+4.15%+4.20%	+6.21%+6.85%	+24.18%+22.12%	n/a+54.88%	n/a+43.74%
Flows	FMDE VO	+$238M+$563M	+$1.16B+$2.48B	+$1.59B+$3.00B	+$3.38B+$8.84B	-+$20.41B	-+$29.64B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMDE VO	+16.71%+15.40%	+13.94%+12.79%	n/a+14.81%	n/a+17.61%
Max drawdown	FMDE VO	-8.28%-8.12%	-8.28%-8.12%	n/a-18.93%	n/a-27.54%
Max drawdown duration	FMDE VO	49d49d	49d49d	n/a211d	n/a972d

Trading data

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	FMDE	VO
Last sale 5/1/2026 at 1:30 PM	$38.50	$77.23
Previous close 04/29/2026	$38.49	$77.31
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 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	VO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	FMDE	VO
Last price	$38.50	$77.23
1D performance	+0.03%	-0.10%
AuM	$6.54 B	$99.68 B
E/R	0.23%	0.03%

Characteristics

	FMDE	VO
Management strategy	Active	Passive
Provider	Fidelity	Vanguard
Benchmark	-	CRSP U.S. Mid Cap Index
N° of holdings	311	269
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	January 26, 2004
ESG	No	No

More FMDE data on Trackinsight

More VO data on Trackinsight

Exposure

Countries

FMDE

USA

93.18%

Other

6.82%

VO

USA

92.71%

Other

7.29%

Sectors

FMDE

Industrials

18.29%

Information Techn.

16.34%

Consumer Discreti.

12.74%

Financials

12.13%

Health Care

8.49%

Energy

7.95%

Other

24.06%

VO

Industrials

16.8%

Information Techn.

14.58%

Financials

12.17%

Consumer Discreti.

10.4%

Utilities

8.82%

Energy

8.76%

Other

28.46%

Diversification

FMDE

Total weight of top 15 holdings out of 15

15.46%

VO

Total weight of top 15 holdings out of 15

12.84%

Top 15 holdings

Data as of March 31, 2026

FMDE

WESTERN DIGITAL

1.25%

HOWMET AEROSPACE INC

1.24%

MARATHON PETROLEUM

1.20%

BANK OF NEW YORK MELLON

1.18%

KINDER MORGAN

1.10%

CHENIERE ENERGY

1.09%

CORTEVA INC

1.02%

SIMON PROPERTY GROUP REIT

0.99%

ELECTRONIC ARTS

0.95%

ALLSTATE

0.93%

OCCIDENTAL U

0.92%

CARDINAL HEALTH

0.92%

COMFORT SYSTEMS USA

0.91%

AMETEK

0.90%

FORD MOTOR

0.86%

VO

VERTIV HOLDINGS

1.02%

HOWMET AEROSPACE INC

1.00%

WESTERN DIGITAL

1.00%

CONSTELLATION ENERGY CORP

0.93%

SEAGATE TECHNOLOGY HOLDINGS PLC

0.93%

QUANTA SERVICES

0.89%

SCHLUMBERGER

0.84%

CUMMINS

0.81%

VALERO ENERGY

0.80%

PHILLIPS 66

0.79%

MARATHON PETROLEUM

0.78%

MOTOROLA SOLUTIONS

0.78%

CRH PLC

0.76%

ROSS STORES

0.76%

GENERAL MOTORS

0.73%

Frequently asked questions about FMDE and VO

How have the FMDE and VO ETFs performed in 2026?

As of May 1, 2026, FMDE is up 6.21% year-to-date (YTD), while VO has returned 6.85%. That puts VO better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$1.59B in flows, compared to +$3.00B for VO.

Which ETF is more volatile: FMDE or VO?

Over the past year, FMDE had a volatility of 13.94%, while VO experienced 12.79%.

Which ETF is bigger: FMDE or VO?

As of May 1, 2026, FMDE holds $6.54 B in assets under management (AUM), while VO manages $99.68 B.

What sectors do the FMDE and VO ETFs invest in?

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

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

FMDE top holdings include WESTERN DIGITAL, HOWMET AEROSPACE INC and MARATHON PETROLEUM. VO holds in its top three: VERTIV HOLDINGS, HOWMET AEROSPACE INC and WESTERN DIGITAL.

Which ETF is more diversified: FMDE or VO?

FMDE holds 335 securities with 15.46% of its assets in the top 15. VO has 289 securities and a top 15 weight of 12.84%.

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

FMDEvsVOETF Comparison

Fidelity Enhanced Mid Cap ETF

Vanguard Mid-Cap ETF

FMDE vs VO 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 VO ETFs performed in 2026?

As of May 1, 2026, FMDE is up 6.21% year-to-date (YTD), while VO has returned 6.85%. That puts VO better performer ahead so far this year.

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

Year-to-date, the FMDE ETF saw +$1.59B in flows, compared to +$3.00B for VO.

Which ETF is more volatile: FMDE or VO?

Over the past year, FMDE had a volatility of 13.94%, while VO experienced 12.79%.

Which ETF is bigger: FMDE or VO?

As of May 1, 2026, FMDE holds $6.54 B in assets under management (AUM), while VO manages $99.68 B.

What sectors do the FMDE and VO ETFs invest in?

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

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

FMDE top holdings include WESTERN DIGITAL, HOWMET AEROSPACE INC and MARATHON PETROLEUM. VO holds in its top three: VERTIV HOLDINGS, HOWMET AEROSPACE INC and WESTERN DIGITAL.

Which ETF is more diversified: FMDE or VO?

FMDE holds 335 securities with 15.46% of its assets in the top 15. VO has 289 securities and a top 15 weight of 12.84%.

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

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

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