VOvsFMDEETF Comparison
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Vanguard Mid-Cap ETF (VO) and Fidelity Enhanced Mid Cap ETF (FMDE) belong to the same industry segment: US Mid Cap. VO's top 3 sector exposures are Finance, Industrials and Technology. In contrast, FMDE's top sector exposures are Technology, Finance and Industrials. VO is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.23% for FMDE. VO is up 12.46% year-to-date (YTD) with +$4.41B in YTD flows. FMDE performs better with 13.07% YTD performance, and +$2.33B in YTD flows. Run a side-by-side ETF comparison of VO 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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VO vs FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VO FMDE | +0.63%+0.86% | +6.16%+6.95% | +12.46%+13.07% | +13.97%+17.74% | +50.61%n/a | +46.63%n/a |
| Flows | VO FMDE | -$730M-$86M | +$1.61B+$789M | +$4.41B+$2.33B | +$7.77B+$3.66B | +$21.27B- | +$29.97B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VO FMDE | +11.83%+12.55% | +12.61%+13.71% | +14.73%n/a | +17.56%n/a |
| Max drawdown | VO FMDE | -3.19%-3.27% | -8.12%-8.28% | -18.93%n/a | -27.54%n/a |
| Max drawdown duration | VO FMDE | 8d8d | 49d49d | 211dn/a | 972dn/a |
Trading data
VO | FMDE | |
Last sale 7/28/2026 at 1:30 PM | $81.35 | $41.23 |
| Previous close 07/27/2026 | $81.01 | $40.88 |
| Consolidated volume 07/27/2026 | ||
| 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 indexVO | 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 7/28/2026 at 1:30 PM
Live
Closed
VO | FMDE | |
|---|---|---|
| Last price | $81.35 | $41.23 |
| 1D performance | +0.42% | +0.86% |
| AuM | $105.98 B | $7.71 B |
| E/R | 0.03% | 0.23% |
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Exposure
Countries
VO
USA
95.94%
Other
4.06%
FMDE
USA
95.81%
Other
4.19%
Sectors
VO
Finance
19.55%
Industrials
18.03%
Technology
17.76%
Utilities
8.34%
Healthcare
7.78%
Energy
7.17%
Other
21.38%
FMDE
Technology
19.58%
Finance
19.2%
Industrials
17.6%
Healthcare
8.76%
Other
34.85%
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Diversification
VO
Total weight of top 15 holdings out of 15
13.22%
FMDE
Total weight of top 15 holdings out of 15
14.42%
Top 15 holdings
Data as of June 30, 2026
VO
Vertiv Holdings Co.
1.22%
Western Digital Corp.
1.06%
Seagate Technology Holdings Plc
1.04%
Quanta Services, Inc.
1.04%
Howmet Aerospace, Inc.
1.04%
Cummins, Inc.
0.95%
Datadog, Inc.
0.83%
Bloom Energy Corp.
0.79%
Constellation Energy Corp.
0.78%
Robinhood Markets, Inc.
0.76%
Cloudflare, Inc.
0.76%
Valero Energy Corp.
0.75%
Coherent Corp.
0.74%
Royal Caribbean Group
0.74%
Teradyne, Inc.
0.73%
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 VO and FMDE
How have the VO and FMDE ETFs performed in 2026?
As of July 27, 2026, VO is up 12.46% year-to-date (YTD), while FMDE has returned 13.07%. That puts FMDE better performer ahead so far this year.
Which ETF is attracting more investor money: VO or FMDE?
Year-to-date, the VO ETF saw +$4.41B in flows, compared to +$2.33B for FMDE.
Which ETF is more volatile: VO or FMDE?
Over the past year, VO had a volatility of 12.61%, while FMDE experienced 13.71%.
Which ETF is bigger: VO or FMDE?
As of July 27, 2026, VO holds $105.98 B in assets under management (AUM), while FMDE manages $7.71 B.
What sectors do the VO and FMDE ETFs invest in?
VO leans toward sectors like Finance, Industrials and Technology. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the VO ETF and FMDE ETF?
VO top holdings include Vertiv Holdings Co., Western Digital Corp. and Seagate Technology Holdings Plc. FMDE holds in its top three: Teradyne, Inc., The Bank of New York Mellon Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: VO or FMDE?
VO holds 282 securities with 13.22% 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 VO & 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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