IWRvsFMDEETF Comparison
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iShares Russell Mid-Cap ETF (IWR) and Fidelity Enhanced Mid Cap ETF (FMDE) belong to the same industry segment: US Mid Cap. IWR's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FMDE's top sector exposures are Technology, Finance and Industrials. IWR is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.23% for FMDE. IWR is up 14.15% year-to-date (YTD) with +$2.84B in YTD flows. FMDE performs worse with 12.26% YTD performance, and +$2.33B in YTD flows. Run a side-by-side ETF comparison of IWR 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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IWR vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWR FMDE | +0.73%+1.22% | +5.62%+6.33% | +14.15%+12.26% | +16.88%+17.13% | +50.95%n/a | +47.23%n/a |
| Flows | IWR FMDE | -$620M+$327M | +$884M+$792M | +$2.84B+$2.33B | +$4.96B+$3.79B | +$10.57B- | +$12.08B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWR FMDE | +12.80%+12.48% | +13.72%+13.68% | +15.92%n/a | +18.24%n/a |
| Max drawdown | IWR FMDE | -2.88%-3.27% | -8.16%-8.28% | -21.08%n/a | -26.20%n/a |
| Max drawdown duration | IWR FMDE | 16d8d | 49d49d | 239dn/a | 854dn/a |
Trading data
IWR | FMDE | |
Last sale 7/27/2026 at 6:53 PM | $109.78 | $40.79 |
| Previous close 07/24/2026 | $109.36 | $40.57 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexIWR | 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 7/27/2026 at 6:53 PM
Live
Closed
IWR | FMDE | |
|---|---|---|
| Last price | $109.78 | $40.79 |
| 1D performance | +0.38% | +0.54% |
| AuM | $55.78 B | $7.65 B |
| E/R | 0.18% | 0.23% |
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Exposure
Countries
IWR
USA
95.61%
Other
4.39%
FMDE
USA
95.81%
Other
4.19%
Sectors
IWR
Finance
21.03%
Technology
16.71%
Industrials
15.2%
Healthcare
10.74%
Other
36.32%
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
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Diversification
IWR
Total weight of top 15 holdings out of 15
7.98%
FMDE
Total weight of top 15 holdings out of 15
14.42%
Top 15 holdings
Data as of June 30, 2026
IWR
Datadog, Inc.
0.62%
Snowflake, Inc.
0.61%
Royal Caribbean Group
0.58%
Cloudflare, Inc.
0.56%
Robinhood Markets, Inc.
0.56%
Teradyne, Inc.
0.55%
Marathon Petroleum Corp.
0.54%
Astera Labs, Inc.
0.53%
Simon Property Group, Inc.
0.52%
United Rentals, Inc.
0.51%
Coherent Corp.
0.50%
Comfort Systems USA, Inc.
0.50%
Phillips 66
0.49%
Warner Bros. Discovery, Inc.
0.46%
Digital Realty Trust, Inc.
0.45%
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 IWR and FMDE
How have the IWR and FMDE ETFs performed in 2026?
As of July 24, 2026, IWR is up 14.15% year-to-date (YTD), while FMDE has returned 12.26%. That puts IWR better performer ahead so far this year.
Which ETF is attracting more investor money: IWR or FMDE?
Year-to-date, the IWR ETF saw +$2.84B in flows, compared to +$2.33B for FMDE.
Which ETF is more volatile: IWR or FMDE?
Over the past year, IWR had a volatility of 13.72%, while FMDE experienced 13.68%.
Which ETF is bigger: IWR or FMDE?
As of July 24, 2026, IWR holds $55.78 B in assets under management (AUM), while FMDE manages $7.65 B.
What sectors do the IWR and FMDE ETFs invest in?
IWR leans toward sectors like Finance, Technology and Industrials. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the IWR ETF and FMDE ETF?
IWR top holdings include Datadog, Inc., Snowflake, Inc. and Royal Caribbean Group. FMDE holds in its top three: Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: IWR or FMDE?
IWR holds 824 securities with 7.98% 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 IWR & 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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