IQSMvsFMDEETF Comparison
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NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) and Fidelity Enhanced Mid Cap ETF (FMDE) belong to the same industry segment: US Mid Cap. IQSM's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FMDE's top sector exposures are Technology, Finance and Industrials. IQSM is less expensive with a Total Expense Ratio (TER) of 0.16%, versus 0.23% for FMDE. IQSM is up 13.55% year-to-date (YTD) with +$88M in YTD flows. FMDE performs better with 14.82% YTD performance, and +$2.37B in YTD flows. Run a side-by-side ETF comparison of IQSM 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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IQSM vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IQSM FMDE | -1.10%+2.30% | +5.57%+8.30% | +13.55%+14.82% | +20.40%+20.18% | +37.63%n/a | n/an/a |
| Flows | IQSM FMDE | -$2M+$114M | -$2M+$779M | +$88M+$2.37B | +$73M+$3.71B | +$116M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IQSM FMDE | +13.67%+12.29% | +15.08%+13.62% | +17.35%n/a | n/an/a |
| Max drawdown | IQSM FMDE | -3.38%-3.27% | -8.92%-8.28% | -23.67%n/a | n/an/a |
| Max drawdown duration | IQSM FMDE | 19d8d | 49d49d | 379dn/a | n/an/a |
Trading data
IQSM | FMDE | |
Last sale 8/3/2026 at 7:21 PM | $39.61 | $41.92 |
| Previous close 08/03/2026 | $39.20 | $41.52 |
| Consolidated volume 08/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexIQSM | 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 8/3/2026 at 7:21 PM
Live
Closed
IQSM | FMDE | |
|---|---|---|
| Last price | $39.61 | $41.92 |
| 1D performance | +1.04% | +0.95% |
| AuM | $329.72 M | $7.86 B |
| E/R | 0.16% | 0.23% |
Characteristics
IQSM | FMDE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | Fidelity |
| Benchmark | NYLI Candriam U.S. Mid Cap Equity Index | - |
| N° of holdings | 247 | 329 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 25, 2022 | November 20, 2023 |
| ESG | Yes | No |
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Exposure
Countries
IQSM
USA
93.58%
Other
6.42%
FMDE
USA
95.81%
Other
4.19%
Sectors
IQSM
Finance
21.9%
Technology
18.55%
Industrials
18.07%
Healthcare
14.87%
Non-Energy Materi.
8.31%
Other
18.3%
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
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Diversification
IQSM
Total weight of top 15 holdings out of 15
13.54%
FMDE
Total weight of top 15 holdings out of 15
14.42%
Top 15 holdings
Data as of June 30, 2026
IQSM
Revolution Medicines, Inc.
1.28%
MKS, Inc.
1.10%
Twilio, Inc.
1.02%
nVent Electric Plc
1.00%
MACOM Technology Solutions Holdings, Inc.
0.93%
US Foods Holding Corp.
0.91%
Moderna, Inc.
0.88%
F5, Inc.
0.88%
Okta, Inc.
0.84%
C.H. Robinson Worldwide, Inc.
0.84%
Sterling Infrastructure, Inc.
0.82%
Burlington Stores, Inc.
0.77%
Lattice Semiconductor Corp.
0.77%
Onto Innovation, Inc.
0.75%
Guardant Health, Inc.
0.74%
FMDE
Teradyne, Inc.
1.12%
The Bank of New York Mellon Corp.
1.05%
Howmet Aerospace, Inc.
1.04%
The Allstate Corp.
1.01%
Kinder Morgan, Inc.
1.00%
Comfort Systems USA, Inc.
0.98%
Marathon Petroleum Corp.
0.96%
AMETEK, Inc.
0.95%
Keysight Technologies, Inc.
0.94%
Ford Motor Co.
0.93%
State Street Corp.
0.92%
L3Harris Technologies, Inc.
0.88%
Ciena Corp.
0.88%
Ventas, Inc.
0.87%
Electronic Arts, Inc.
0.87%
Frequently asked questions about IQSM and FMDE
How have the IQSM and FMDE ETFs performed in 2026?
As of July 31, 2026, IQSM is up 13.55% year-to-date (YTD), while FMDE has returned 14.82%. That puts FMDE better performer ahead so far this year.
Which ETF is attracting more investor money: IQSM or FMDE?
Year-to-date, the IQSM ETF saw +$88M in flows, compared to +$2.37B for FMDE.
Which ETF is more volatile: IQSM or FMDE?
Over the past year, IQSM had a volatility of 15.08%, while FMDE experienced 13.62%.
Which ETF is bigger: IQSM or FMDE?
As of July 31, 2026, IQSM holds $329.72 M in assets under management (AUM), while FMDE manages $7.86 B.
What sectors do the IQSM and FMDE ETFs invest in?
IQSM leans toward sectors like Finance, Technology and Industrials. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the IQSM ETF and FMDE ETF?
IQSM top holdings include Revolution Medicines, Inc., MKS, Inc. and Twilio, Inc.. FMDE holds in its top three: Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: IQSM or FMDE?
IQSM holds 249 securities with 13.54% of its assets in the top 15. FMDE has 332 securities and a top 15 weight of 14.42%.
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Latest news about IQSM & 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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