LSATvsFMDEETF Comparison
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LeaderShares AlphaFactor Tactical Focused ETF (LSAT) belongs to the US Large Cap segment. Fidelity Enhanced Mid Cap ETF (FMDE) is part of the US Mid Cap segment. LSAT's top 3 sector exposures are Finance, Industrials and Technology. In contrast, FMDE's top sector exposures are Technology, Finance and Industrials. LSAT is more expensive with a Total Expense Ratio (TER) of 0.99%, versus 0.23% for FMDE. LSAT is up 25.12% year-to-date (YTD) with -$44M in YTD flows. FMDE performs worse with 15.28% YTD performance, and +$3.12B in YTD flows. Run a side-by-side ETF comparison of LSAT 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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LSAT 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. | LSAT FMDE | +10.87%+2.96% | +5.58%+1.47% | +25.12%+15.28% | +23.76%+18.49% | +57.76%n/a | +51.34%n/a |
| Flows | LSAT FMDE | -$2M+$310M | +$3M+$763M | -$44M+$3.12B | -$21M+$3.59B | -$157M- | -$88M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LSAT FMDE | +14.07%+11.36% | +13.47%+13.42% | +14.70%n/a | +16.39%n/a |
| Max drawdown | LSAT FMDE | -7.64%-5.79% | -7.64%-8.28% | -18.25%n/a | -20.69%n/a |
| Max drawdown duration | LSAT FMDE | 58d75d | 58d49d | 507dn/a | 776dn/a |
Trading data
LSAT | FMDE | |
Last sale 11/2/2026 at 2:30 PM | $49.53 | $41.64 |
| Previous close 10/30/2026 | $48.70 | $41.56 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
LSAT | FMDE | |
|---|---|---|
| Last price | $49.53 | $41.64 |
| 1D performance | +1.70% | +0.19% |
| AuM | $71.77 M | $8.62 B |
| E/R | 0.99% | 0.23% |
Characteristics
LSAT | FMDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | LeaderShares ETFs | Fidelity |
| Benchmark | - | - |
| N° of holdings | 31 | 420 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2020 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
LSAT
USA
98.82%
Other
1.18%
FMDE
USA
95.84%
Other
4.16%
Sectors
LSAT
Finance
22.15%
Industrials
19.34%
Technology
15.33%
Consumer Cyclical.
9%
Healthcare
7.39%
Other
26.79%
FMDE
Technology
20.73%
Finance
19.26%
Industrials
16.02%
Healthcare
12.45%
Other
31.54%
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Diversification
LSAT
Total weight of top 15 holdings out of 15
55.45%
FMDE
Total weight of top 15 holdings out of 15
13.43%
Top 15 holdings
Data as of September 30, 2026
LSAT
Halozyme Therapeutics, Inc.
4.74%
SM Energy Co.
4.23%
Morningstar, Inc.
4.05%
Fortinet, Inc.
3.96%
Equitable Holdings, Inc.
3.91%
Science Applications International Corp.
3.87%
GoDaddy, Inc.
3.75%
Match Group, Inc.
3.57%
H&R Block, Inc.
3.52%
CF Industries Holdings, Inc.
3.49%
Allison Transmission Holdings, Inc.
3.38%
Harley-Davidson, Inc.
3.36%
American International Group, Inc.
3.32%
APi Group Corp.
3.16%
Ferguson Enterprises, Inc.
3.15%
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 LSAT and FMDE
How have the LSAT and FMDE ETFs performed in 2026?
As of October 30, 2026, LSAT is up 25.12% year-to-date (YTD), while FMDE has returned 15.28%. That puts LSAT better performer ahead so far this year.
Which ETF is attracting more investor money: LSAT or FMDE?
Year-to-date, the LSAT ETF saw -$44M in flows, compared to +$3.12B for FMDE.
Which ETF is more volatile: LSAT or FMDE?
Over the past year, LSAT had a volatility of 13.47%, while FMDE experienced 13.42%.
Which ETF is bigger: LSAT or FMDE?
As of October 30, 2026, LSAT holds $71.77 M in assets under management (AUM), while FMDE manages $8.62 B.
What sectors do the LSAT and FMDE ETFs invest in?
LSAT leans toward sectors like Finance, Industrials and Technology. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the LSAT ETF and FMDE ETF?
LSAT top holdings include Halozyme Therapeutics, Inc., SM Energy Co. and Morningstar, Inc.. FMDE holds in its top three: Marathon Petroleum Corp., Snowflake, Inc. and Keysight Technologies, Inc..
Which ETF is more diversified: LSAT or FMDE?
LSAT holds 31 securities with 55.45% 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 LSAT & 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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