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VOvsFMDEETF Comparison

ETF 1

VO

Vanguard Morningstar Mid-Cap ETF

This fund is part of

US Mid Cap

+0.33%

Full VO fund page

VS

ETF 2

FMDE

Fidelity Enhanced Mid Cap ETF

This fund is part of

US Mid Cap

+0.33%

Full FMDE fund page

Vanguard Morningstar 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, Technology and Industrials. 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 13.47% year-to-date (YTD) with +$4.98B in YTD flows. FMDE performs better with 15.87% YTD performance, and +$3.07B 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VO FMDE	+3.09%+3.05%	+0.90%+2.48%	+13.47%+15.87%	+11.57%+16.18%	+74.51%n/a	+41.43%n/a
Flows	VO FMDE	-$54M+$276M	+$573M+$738M	+$4.98B+$3.07B	+$6.88B+$3.55B	+$21.20B-	+$28.79B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VO FMDE	+10.61%+11.09%	+12.48%+13.40%	+14.54%n/a	+17.52%n/a
Max drawdown	VO FMDE	-6.83%-5.79%	-8.12%-8.28%	-18.93%n/a	-27.54%n/a
Max drawdown duration	VO FMDE	72d72d	49d49d	211dn/a	972dn/a

Trading data

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	VO	FMDE
Last sale 10/28/2026 at 1:45 PM	$81.33	$41.74
Previous close 10/27/2026	$81.45	$41.78
Consolidated volume 10/27/2026
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 index

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	VO	FMDE
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/28/2026 at 1:45 PM

Live

Closed

	VO	FMDE
Last price	$81.33	$41.74
1D performance	-0.15%	-0.10%
AuM	$107.19 B	$8.62 B
E/R	0.03%	0.23%

Characteristics

	VO	FMDE
Management strategy	Passive	Active
Provider	Vanguard	Fidelity
Benchmark	CRSP U.S. Mid Cap Index	-
N° of holdings	277	415
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	January 26, 2004	November 20, 2023
ESG	No	No

More VO data on Trackinsight

More FMDE data on Trackinsight

Exposure

Countries

VO

USA

95.4%

Other

4.6%

FMDE

USA

95.97%

Other

4.03%

Sectors

VO

Finance

20.58%

Technology

16.83%

Industrials

16.07%

Energy

8.72%

Healthcare

8.54%

Utilities

7.66%

Other

21.61%

FMDE

Technology

20%

Finance

19.15%

Industrials

15.76%

Healthcare

11.14%

Non-Energy Materi.

7.52%

Other

26.43%

Diversification

VO

Total weight of top 15 holdings out of 15

13.12%

FMDE

Total weight of top 15 holdings out of 15

13.21%

Top 15 holdings

Data as of August 31, 2026

VO

Marathon Petroleum Corp.

1.04%

Valero Energy Corp.

1.01%

Vertiv Holdings Co.

0.95%

Phillips 66

0.94%

Howmet Aerospace, Inc.

0.93%

Cloudflare, Inc.

0.93%

Seagate Technology Holdings Plc

0.88%

Quanta Services, Inc.

0.87%

SLB Ltd.

0.86%

Constellation Energy Corp.

0.85%

DoorDash, Inc.

0.82%

Robinhood Markets, Inc.

0.79%

Motorola Solutions, Inc.

0.77%

Datadog, Inc.

0.75%

Cummins, Inc.

0.74%

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 VO and FMDE

How have the VO and FMDE ETFs performed in 2026?

As of October 27, 2026, VO is up 13.47% year-to-date (YTD), while FMDE has returned 15.87%. 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 +$4.98B in flows, compared to +$3.07B for FMDE.

Which ETF is more volatile: VO or FMDE?

Over the past year, VO had a volatility of 12.48%, while FMDE experienced 13.4%.

Which ETF is bigger: VO or FMDE?

As of October 27, 2026, VO holds $107.19 B in assets under management (AUM), while FMDE manages $8.62 B.

What sectors do the VO and FMDE ETFs invest in?

VO leans toward sectors like Finance, Technology and Industrials. Meanwhile, FMDE focuses on Technology, Finance and Industrials.

What are the top holdings of the VO ETF and FMDE ETF?

VO top holdings include Marathon Petroleum Corp., Valero Energy Corp. and Vertiv Holdings Co.. FMDE holds in its top three: Marathon Petroleum Corp., Snowflake, Inc. and The Allstate Corp..

Which ETF is more diversified: VO or FMDE?

VO holds 280 securities with 13.12% of its assets in the top 15. FMDE has 417 securities and a top 15 weight of 13.21%.

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

VOvsFMDEETF Comparison

Vanguard Morningstar Mid-Cap ETF

Fidelity Enhanced Mid Cap ETF

VO vs FMDE performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the VO and FMDE ETFs performed in 2026?

As of October 27, 2026, VO is up 13.47% year-to-date (YTD), while FMDE has returned 15.87%. 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 +$4.98B in flows, compared to +$3.07B for FMDE.

Which ETF is more volatile: VO or FMDE?

Over the past year, VO had a volatility of 12.48%, while FMDE experienced 13.4%.

Which ETF is bigger: VO or FMDE?

As of October 27, 2026, VO holds $107.19 B in assets under management (AUM), while FMDE manages $8.62 B.

What sectors do the VO and FMDE ETFs invest in?

VO leans toward sectors like Finance, Technology and Industrials. Meanwhile, FMDE focuses on Technology, Finance and Industrials.

What are the top holdings of the VO ETF and FMDE ETF?

VO top holdings include Marathon Petroleum Corp., Valero Energy Corp. and Vertiv Holdings Co.. FMDE holds in its top three: Marathon Petroleum Corp., Snowflake, Inc. and The Allstate Corp..

Which ETF is more diversified: VO or FMDE?

VO holds 280 securities with 13.12% of its assets in the top 15. FMDE has 417 securities and a top 15 weight of 13.21%.

Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

ETFs’ Next Act: From Access to Selection