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 14.68% year-to-date (YTD) with +$3.95B in YTD flows. FMDE performs better with 14.88% YTD performance, and +$3.04B 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 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWR FMDE | +1.12%+1.45% | +0.86%+2.87% | +14.68%+14.88% | +14.51%+16.24% | +72.09%n/a | +40.63%n/a |
| Flows | IWR FMDE | +$826M+$279M | +$1.02B+$745M | +$3.95B+$3.04B | +$5.32B+$3.59B | +$11.44B- | +$13.29B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWR FMDE | +11.41%+11.13% | +13.47%+13.39% | +15.76%n/a | +18.24%n/a |
| Max drawdown | IWR FMDE | -6.83%-5.79% | -8.16%-8.28% | -21.08%n/a | -26.20%n/a |
| Max drawdown duration | IWR FMDE | 68d68d | 49d49d | 239dn/a | 854dn/a |
Trading data
IWR | FMDE | |
Last sale 10/26/2026 at 1:30 PM | $110.03 | $41.69 |
| Previous close 10/23/2026 | $109.47 | $41.42 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 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 10/26/2026 at 1:30 PM
Live
Closed
IWR | FMDE | |
|---|---|---|
| Last price | $110.03 | $41.69 |
| 1D performance | +0.51% | +0.65% |
| AuM | $56.99 B | $8.52 B |
| E/R | 0.18% | 0.23% |
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Exposure
Countries
IWR
USA
96.24%
Other
3.76%
FMDE
USA
95.97%
Other
4.03%
Sectors
IWR
Finance
21.61%
Technology
16.34%
Industrials
13.72%
Healthcare
11.84%
Other
36.48%
FMDE
Technology
20%
Finance
19.15%
Industrials
15.76%
Healthcare
11.14%
Non-Energy Materi.
7.52%
Other
26.43%
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Diversification
IWR
Total weight of top 15 holdings out of 15
8.43%
FMDE
Total weight of top 15 holdings out of 15
13.21%
Top 15 holdings
Data as of August 31, 2026
IWR
Snowflake, Inc.
0.80%
Marathon Petroleum Corp.
0.79%
Phillips 66
0.71%
Cloudflare, Inc.
0.69%
Robinhood Markets, Inc.
0.58%
Datadog, Inc.
0.56%
Hewlett Packard Enterprise Co.
0.50%
Warner Bros. Discovery, Inc.
0.49%
Simon Property Group, Inc.
0.49%
Royal Caribbean Group
0.49%
Digital Realty Trust, Inc.
0.48%
The Allstate Corp.
0.47%
Lumentum Holdings, Inc.
0.47%
United Rentals, Inc.
0.47%
Baker Hughes Co.
0.45%
FMDE
Marathon Petroleum Corp.
1.09%
Snowflake, Inc.
1.01%
The Allstate Corp.
0.99%
State Street Corp.
0.92%
Ford Motor Co.
0.89%
Keysight Technologies, Inc.
0.88%
Kinder Morgan, Inc.
0.87%
AMETEK, Inc.
0.87%
Nucor Corp.
0.85%
L3Harris Technologies, Inc.
0.85%
Ventas, Inc.
0.83%
MongoDB, Inc.
0.81%
Expedia Group, Inc.
0.80%
Northern Trust Corp.
0.78%
Sysco Corp.
0.78%
Frequently asked questions about IWR and FMDE
How have the IWR and FMDE ETFs performed in 2026?
As of October 23, 2026, IWR is up 14.68% year-to-date (YTD), while FMDE has returned 14.88%. That puts FMDE better performer ahead so far this year.
Which ETF is attracting more investor money: IWR or FMDE?
Year-to-date, the IWR ETF saw +$3.95B in flows, compared to +$3.04B for FMDE.
Which ETF is more volatile: IWR or FMDE?
Over the past year, IWR had a volatility of 13.47%, while FMDE experienced 13.39%.
Which ETF is bigger: IWR or FMDE?
As of October 23, 2026, IWR holds $56.99 B in assets under management (AUM), while FMDE manages $8.52 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 Snowflake, Inc., Marathon Petroleum Corp. and Phillips 66. FMDE holds in its top three: Marathon Petroleum Corp., Snowflake, Inc. and The Allstate Corp..
Which ETF is more diversified: IWR or FMDE?
IWR holds 818 securities with 8.43% of its assets in the top 15. FMDE has 417 securities and a top 15 weight of 13.21%.
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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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