IWRvsFMDEETF Comparison
VS
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 15.8% year-to-date (YTD) with +$2.77B in YTD flows. FMDE performs worse with 15.3% YTD performance, and +$2.69B 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IWR vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWR FMDE | -1.91%-1.55% | +4.61%+6.50% | +15.80%+15.30% | +16.35%+16.85% | +60.26%n/a | +45.97%n/a |
| Flows | IWR FMDE | +$129M+$201M | -$264M+$842M | +$2.77B+$2.69B | +$4.52B+$3.76B | +$10.37B- | +$12.17B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWR FMDE | +12.15%+11.72% | +13.65%+13.64% | +15.93%n/a | +18.27%n/a |
| Max drawdown | IWR FMDE | -3.78%-3.16% | -8.16%-8.28% | -21.08%n/a | -26.20%n/a |
| Max drawdown duration | IWR FMDE | 23d23d | 49d49d | 239dn/a | 854dn/a |
Trading data
IWR | FMDE | |
Last sale 9/9/2026 at 1:30 PM | $109.91 | $41.33 |
| Previous close 09/08/2026 | $110.95 | $41.71 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
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 | ||
Advertisement
Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
IWR | FMDE | |
|---|---|---|
| Last price | $109.91 | $41.33 |
| 1D performance | -0.94% | -0.91% |
| AuM | $56.51 B | $8.22 B |
| E/R | 0.18% | 0.23% |
Advertisement
Exposure
Countries
IWR
USA
96.23%
Other
3.77%
FMDE
USA
96.21%
Other
3.79%
Sectors
IWR
Finance
22.01%
Technology
15.73%
Industrials
14.33%
Healthcare
11.14%
Other
36.79%
FMDE
Technology
19.53%
Finance
19.26%
Industrials
16.67%
Healthcare
10.6%
Non-Energy Materi.
7.48%
Other
26.46%
Advertisement
Diversification
IWR
Total weight of top 15 holdings out of 15
8.16%
FMDE
Total weight of top 15 holdings out of 15
13.43%
Top 15 holdings
Data as of July 31, 2026
IWR
Snowflake, Inc.
0.72%
Marathon Petroleum Corp.
0.67%
Cloudflare, Inc.
0.65%
Datadog, Inc.
0.64%
Phillips 66
0.61%
Royal Caribbean Group
0.59%
Simon Property Group, Inc.
0.53%
Digital Realty Trust, Inc.
0.51%
The Allstate Corp.
0.49%
United Rentals, Inc.
0.48%
Robinhood Markets, Inc.
0.48%
Hewlett Packard Enterprise Co.
0.45%
Kinder Morgan, Inc.
0.45%
Warner Bros. Discovery, Inc.
0.44%
Realty Income Corp.
0.44%
FMDE
Marathon Petroleum Corp.
1.07%
The Allstate Corp.
1.07%
L3Harris Technologies, Inc.
0.95%
Ford Motor Co.
0.92%
Nucor Corp.
0.92%
AMETEK, Inc.
0.91%
Kinder Morgan, Inc.
0.89%
Ventas, Inc.
0.89%
State Street Corp.
0.89%
Keysight Technologies, Inc.
0.86%
Humana, Inc.
0.85%
Expedia Group, Inc.
0.83%
Comfort Systems USA, Inc.
0.80%
Cardinal Health, Inc.
0.79%
Corteva, Inc.
0.79%
Frequently asked questions about IWR and FMDE
How have the IWR and FMDE ETFs performed in 2026?
As of September 8, 2026, IWR is up 15.8% year-to-date (YTD), while FMDE has returned 15.3%. 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 +$2.77B in flows, compared to +$2.69B for FMDE.
Which ETF is more volatile: IWR or FMDE?
Over the past year, IWR had a volatility of 13.65%, while FMDE experienced 13.64%.
Which ETF is bigger: IWR or FMDE?
As of September 8, 2026, IWR holds $56.51 B in assets under management (AUM), while FMDE manages $8.22 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 Cloudflare, Inc.. FMDE holds in its top three: Marathon Petroleum Corp., The Allstate Corp. and L3Harris Technologies, Inc..
Which ETF is more diversified: IWR or FMDE?
IWR holds 823 securities with 8.16% of its assets in the top 15. FMDE has 374 securities and a top 15 weight of 13.43%.
Advertisement
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
Advertisement
Advertisement
