GSEWvsFMDEETF Comparison
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Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) belongs to the US Large Cap segment. Fidelity Enhanced Mid Cap ETF (FMDE) is part of the US Mid Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. GSEW is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.23% for FMDE. GSEW is up 14.65% year-to-date (YTD) with +$443M in YTD flows. FMDE performs better with 15.54% YTD performance, and +$3.13B in YTD flows. Run a side-by-side ETF comparison of GSEW 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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GSEW vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GSEW FMDE | +3.74%+1.62% | +2.13%+0.63% | +14.65%+15.54% | +16.42%+17.54% | +77.64%n/a | +46.94%n/a |
| Flows | GSEW FMDE | +$109M+$278M | +$225M+$759M | +$443M+$3.13B | +$562M+$3.53B | +$1.24B- | +$914M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GSEW FMDE | +10.51%+11.28% | +12.04%+13.42% | +14.23%n/a | +16.99%n/a |
| Max drawdown | GSEW FMDE | -5.91%-5.79% | -7.73%-8.28% | -18.23%n/a | -25.74%n/a |
| Max drawdown duration | GSEW FMDE | 75d78d | 49d49d | 211dn/a | 834dn/a |
Trading data
GSEW | FMDE | |
Last sale 11/3/2026 at 3:27 PM | $97.17 | $41.97 |
| Previous close 11/02/2026 | $97.07 | $41.64 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexGSEW | FMDE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 3:27 PM
Live
Closed
GSEW | FMDE | |
|---|---|---|
| Last price | $97.17 | $41.97 |
| 1D performance | +0.10% | +0.79% |
| AuM | $2.17 B | $8.65 B |
| E/R | 0.09% | 0.23% |
Characteristics
GSEW | FMDE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Goldman Sachs | Fidelity |
| Benchmark | Solactive US Large Cap Equal Weight Index | - |
| N° of holdings | 492 | 420 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2017 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
GSEW
USA
94.11%
Other
5.89%
FMDE
USA
95.84%
Other
4.16%
Sectors
GSEW
Technology
19.55%
Finance
18.95%
Industrials
14.55%
Healthcare
11.61%
Other
35.34%
FMDE
Technology
20.73%
Finance
19.26%
Industrials
16.02%
Healthcare
12.45%
Other
31.54%
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Diversification
GSEW
Total weight of top 15 holdings out of 15
4.02%
FMDE
Total weight of top 15 holdings out of 15
13.43%
Top 15 holdings
Data as of September 30, 2026
GSEW
Advanced Micro Devices, Inc.
0.28%
Bloom Energy Corp.
0.28%
Intel Corp.
0.28%
Everpure, Inc.
0.28%
Astera Labs, Inc.
0.27%
Moderna, Inc.
0.27%
Strategy, Inc.
0.27%
Cloudflare, Inc.
0.26%
Natera, Inc.
0.26%
Illumina, Inc.
0.26%
Datadog, Inc.
0.26%
Marvell Technology, Inc.
0.26%
Credo Technology Group Holding Ltd.
0.26%
Meta Platforms, Inc.
0.26%
Hewlett Packard Enterprise Co.
0.26%
FMDE
Marathon Petroleum Corp.
1.20%
Snowflake, Inc.
1.06%
Keysight Technologies, Inc.
1.03%
AMETEK, Inc.
0.95%
Illumina, Inc.
0.93%
Nucor Corp.
0.90%
The Allstate Corp.
0.89%
State Street Corp.
0.88%
Ford Motor Co.
0.85%
Comfort Systems USA, Inc.
0.83%
Humana, Inc.
0.80%
Ventas, Inc.
0.80%
Block, Inc.
0.78%
MongoDB, Inc.
0.77%
NetApp, Inc.
0.77%
Frequently asked questions about GSEW and FMDE
How have the GSEW and FMDE ETFs performed in 2026?
As of October 30, 2026, GSEW is up 14.65% year-to-date (YTD), while FMDE has returned 15.54%. That puts FMDE better performer ahead so far this year.
Which ETF is attracting more investor money: GSEW or FMDE?
Year-to-date, the GSEW ETF saw +$443M in flows, compared to +$3.13B for FMDE.
Which ETF is more volatile: GSEW or FMDE?
Over the past year, GSEW had a volatility of 12.04%, while FMDE experienced 13.42%.
Which ETF is bigger: GSEW or FMDE?
As of October 30, 2026, GSEW holds $2.17 B in assets under management (AUM), while FMDE manages $8.65 B.
What sectors do the GSEW and FMDE ETFs invest in?
GSEW leans toward sectors like Technology, Finance and Industrials. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the GSEW ETF and FMDE ETF?
GSEW top holdings include Advanced Micro Devices, Inc., Bloom Energy Corp. and Intel Corp.. FMDE holds in its top three: Marathon Petroleum Corp., Snowflake, Inc. and Keysight Technologies, Inc..
Which ETF is more diversified: GSEW or FMDE?
GSEW holds 492 securities with 4.02% of its assets in the top 15. FMDE has 422 securities and a top 15 weight of 13.43%.
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Latest news about GSEW & 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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