FMTMvsFMDEETF Comparison
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MarketDesk Focused U.S. Momentum ETF (FMTM) belongs to the US Multi-Factor segment. Fidelity Enhanced Mid Cap ETF (FMDE) is part of the US Mid Cap segment. FMTM's top 3 sector exposures are Information Technology, Industrials and Consumer Discretionary. In contrast, FMDE's top sector exposures are Industrials, Information Technology and Consumer Discretionary. FMTM is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.23% for FMDE. FMTM is up 32.14% year-to-date (YTD) with +$141M in YTD flows. FMDE performs worse with 10.99% YTD performance, and +$1.97B in YTD flows. Run a side-by-side ETF comparison of FMTM and FMDE 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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FMTM vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMTM FMDE | +6.04%+4.82% | +22.62%+11.98% | +32.14%+10.99% | +64.64%+21.83% | n/an/a | n/an/a |
| Flows | FMTM FMDE | +$57M+$214M | +$109M+$868M | +$141M+$1.97B | +$154M+$3.59B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMTM FMDE | +27.80%+15.69% | +23.86%+13.85% | n/an/a | n/an/a |
| Max drawdown | FMTM FMDE | -6.69%-3.42% | -12.06%-8.28% | n/an/a | n/an/a |
| Max drawdown duration | FMTM FMDE | 8d6d | 45d49d | n/an/a | n/an/a |
Trading data
FMTM | FMDE | |
Last sale 6/18/2026 at 1:30 PM | $42.50 | $40.11 |
| Previous close 06/18/2026 | $41.46 | $39.87 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
FMTM | FMDE | |
|---|---|---|
| Last price | $42.50 | $40.11 |
| 1D performance | +2.51% | +0.60% |
| AuM | $212.19 M | $7.20 B |
| E/R | 0.45% | 0.23% |
Characteristics
FMTM | FMDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Alpha Architect | Fidelity |
| Benchmark | - | - |
| N° of holdings | 30 | 307 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2025 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
FMTM
USA
87%
Other
13%
FMDE
USA
93.02%
Other
6.98%
Sectors
FMTM
Information Techn.
30.32%
Industrials
20.49%
Consumer Discreti.
12.24%
Materials
9.34%
Financials
8.9%
Other
18.71%
FMDE
Industrials
18.41%
Information Techn.
17.76%
Consumer Discreti.
12.95%
Financials
12.64%
Health Care
7.45%
Other
30.8%
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Diversification
FMTM
Total weight of top 15 holdings out of 15
54.91%
FMDE
Total weight of top 15 holdings out of 15
15.05%
Top 15 holdings
Data as of April 30, 2026
FMTM
ON SEMICONDUCTOR
4.85%
ONTO INNOVATION INC
4.40%
TERADYNE
4.08%
LATTICE SEMICONDUCTOR
3.88%
VERTIV HOLDINGS
3.86%
ANALOG DEVICES
3.68%
KEYSIGHT TECHNOLOGIES
3.56%
MICHAEL STORES
3.54%
ALLISON TRANSMISSION HOLDINGS
3.39%
OLD DOMINION
3.38%
TWILIO
3.36%
ALBEMARLE
3.25%
CASEYS GENERAL STORES
3.24%
EBAY
3.24%
CLEAN HARBORS
3.20%
FMDE
WESTERN DIGITAL
1.44%
BANK OF NEW YORK MELLON
1.24%
HOWMET AEROSPACE INC
1.21%
SIMON PROPERTY GROUP REIT
1.01%
COMFORT SYSTEMS USA
1.00%
MARATHON PETROLEUM
0.99%
TERADYNE
0.99%
AMETEK
0.93%
KINDER MORGAN
0.92%
CORTEVA INC
0.90%
ALLSTATE
0.90%
STATE STREET
0.88%
FORD MOTOR
0.88%
ELECTRONIC ARTS
0.88%
CARDINAL HEALTH
0.87%
Frequently asked questions about FMTM and FMDE
How have the FMTM and FMDE ETFs performed in 2026?
As of June 18, 2026, FMTM is up 32.14% year-to-date (YTD), while FMDE has returned 10.99%. That puts FMTM better performer ahead so far this year.
Which ETF is attracting more investor money: FMTM or FMDE?
Year-to-date, the FMTM ETF saw +$141M in flows, compared to +$1.97B for FMDE.
Which ETF is more volatile: FMTM or FMDE?
Over the past year, FMTM had a volatility of 23.86%, while FMDE experienced 13.85%.
Which ETF is bigger: FMTM or FMDE?
As of June 18, 2026, FMTM holds $212.19 M in assets under management (AUM), while FMDE manages $7.20 B.
What sectors do the FMTM and FMDE ETFs invest in?
FMTM leans toward sectors like Information Technology, Industrials and Consumer Discretionary. Meanwhile, FMDE focuses on Industrials, Information Technology and Consumer Discretionary.
What are the top holdings of the FMTM ETF and FMDE ETF?
FMTM top holdings include ON SEMICONDUCTOR, ONTO INNOVATION INC and TERADYNE. FMDE holds in its top three: WESTERN DIGITAL, BANK OF NEW YORK MELLON and HOWMET AEROSPACE INC.
Which ETF is more diversified: FMTM or FMDE?
FMTM holds 30 securities with 54.91% of its assets in the top 15. FMDE has 329 securities and a top 15 weight of 15.05%.
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Latest news about FMTM & FMDE
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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