SCHMvsFMDEETF Comparison
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Schwab U.S. Mid-Cap ETF (SCHM) and Fidelity Enhanced Mid Cap ETF (FMDE) belong to the same industry segment: US Mid Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. SCHM is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.23% for FMDE. SCHM is up 16.02% year-to-date (YTD) with +$274M in YTD flows. FMDE performs worse with 13.67% YTD performance, and +$2.37B in YTD flows. Run a side-by-side ETF comparison of SCHM 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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SCHM 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. | SCHM FMDE | -4.60%+1.61% | +2.18%+7.02% | +16.02%+13.67% | +23.10%+19.10% | +47.03%n/a | +43.77%n/a |
| Flows | SCHM FMDE | +$72M+$287M | -$63M+$795M | +$274M+$2.37B | +$211M+$3.71B | -$8M- | +$1.01B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCHM FMDE | +18.10%+12.17% | +16.72%+13.73% | +18.07%n/a | +19.78%n/a |
| Max drawdown | SCHM FMDE | -7.29%-3.27% | -9.30%-8.28% | -23.35%n/a | -26.40%n/a |
| Max drawdown duration | SCHM FMDE | 31d8d | 46d49d | 283dn/a | 855dn/a |
Trading data
SCHM | FMDE | |
Last sale 8/3/2026 at 1:30 PM | $35.27 | $41.52 |
| Previous close 07/31/2026 | $34.70 | $41.11 |
| Consolidated volume 07/31/2026 | ||
| 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 indexSCHM | 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 1:30 PM
Live
Closed
SCHM | FMDE | |
|---|---|---|
| Last price | $35.27 | $41.52 |
| 1D performance | +1.64% | +1.00% |
| AuM | $14.50 B | $7.78 B |
| E/R | 0.03% | 0.23% |
Characteristics
SCHM | FMDE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Schwab ETFs | Fidelity |
| Benchmark | Dow Jones U.S. Mid-Cap Total Stock Market Index | - |
| N° of holdings | 495 | 329 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 13, 2011 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
SCHM
USA
96.33%
Other
3.67%
FMDE
USA
95.81%
Other
4.19%
Sectors
SCHM
Technology
20.21%
Finance
18.39%
Industrials
18.28%
Healthcare
11.01%
Non-Energy Materi.
9.31%
Other
22.8%
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
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Diversification
SCHM
Total weight of top 15 holdings out of 15
16.66%
FMDE
Total weight of top 15 holdings out of 15
14.42%
Top 15 holdings
Data as of June 30, 2026
SCHM
Sandisk Corp.
5.23%
Bloom Energy Corp.
1.58%
Coherent Corp.
1.43%
Ciena Corp.
1.21%
Lumentum Holdings, Inc.
1.20%
Flex Ltd.
1.03%
Revolution Medicines, Inc.
0.63%
Steel Dynamics, Inc.
0.60%
Tapestry, Inc.
0.56%
Centene Corp.
0.55%
Casey's General Stores, Inc.
0.55%
Carpenter Technology Corp.
0.53%
Twilio, Inc.
0.53%
Curtiss-Wright Corp.
0.52%
FTAI Aviation Ltd.
0.51%
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 SCHM and FMDE
How have the SCHM and FMDE ETFs performed in 2026?
As of July 31, 2026, SCHM is up 16.02% year-to-date (YTD), while FMDE has returned 13.67%. That puts SCHM better performer ahead so far this year.
Which ETF is attracting more investor money: SCHM or FMDE?
Year-to-date, the SCHM ETF saw +$274M in flows, compared to +$2.37B for FMDE.
Which ETF is more volatile: SCHM or FMDE?
Over the past year, SCHM had a volatility of 16.72%, while FMDE experienced 13.73%.
Which ETF is bigger: SCHM or FMDE?
As of July 31, 2026, SCHM holds $14.50 B in assets under management (AUM), while FMDE manages $7.78 B.
What sectors do the SCHM and FMDE ETFs invest in?
SCHM leans toward sectors like Technology, Finance and Industrials. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the SCHM ETF and FMDE ETF?
SCHM top holdings include Sandisk Corp., Bloom Energy Corp. and Coherent Corp.. FMDE holds in its top three: Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: SCHM or FMDE?
SCHM holds 496 securities with 16.66% 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 SCHM & 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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