FMDE
Fidelity Enhanced Mid Cap ETF
FMDE is an actively managed fund that invests in US mid-cap companies.
US
EQUITY
Active
MANAGEMENT STYLE
$ 6.9 B
ASSETS UNDER MGMT
23 bp
EXPENSES
Fund Basics
| Inception date | Dec 20, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| WESTERN DIGITAL CORP | 1.5 % |
| BANK OF NEW YORK MELLON CORP | 1.2 % |
| HOWMET AEROSPACE INC. | 1.2 % |
| MARATHON PETROLEUM | 1.1 % |
| COMFORT SYSTEMS USA INC | 1.1 % |
| KINDER MORGAN INC | 1.0 % |
| SIMON PROPERTY GROUP INC | 1.0 % |
| ALLSTATE CORP | 0.9 % |
| CORTEVA INC | 0.9 % |
| AMETEK INC | 0.9 % |
Constituent Breakdown
| Number of holdings | 385 |
| Herfindahl-Hirschman Index | 53 |
| Wgt avg mkt cap (mns) | $29,722 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 16.8% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 95.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.3 % |
 |
IRELAND | 1.5 % |
 |
BRITAIN | 1.0 % |
 |
SWITZERLAND | 0.8 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.8% | 22.4% | 15.4% | -- | -- | -- | -- | 19.2% |
| Dividend Yield | 0.0% | 1.2% | 1.3% | -- | -- | -- | -- | 1.3% |
| Total Returns | 5.8% | 23.6% | 16.7% | -- | -- | -- | -- | 20.4% | Ann. Volatility | 15.8% | 14.2% | 17.0% | -- | -- | -- | -- | 16.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 73% |
| MSCI EAFE | 0.70 | 51% |
| MSCI Emg Mkts | 0.50 | 43% |
Liquidity Measures
| Avg. volume (000) | 825 |
| ADV traded (mns) | $33 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $38.30 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.27/0.31 |
| Bollinger Bands (Upper/Lower) | $39.28/$37.90 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FMDE |
Expenses vs. FMDE |
ALTAR Score™ vs. FMDE |
|---|---|---|---|---|
| IWR | iShares Russell Midcap ETF | 39.6% | -4 bp | -0.2% |
| IWS | iShares Russell Mid-Cap Value ETF | 37.9% | 0 bp | +0.3% |
| VO | Vanguard Mid-Cap ETF | 35.0% | -19 bp | -0.2% |
| IMCB | iShares Morningstar Mid-Cap ETF | 34.3% | -19 bp | -0.3% |
| AVMC | Avantis U.S. Mid Cap Equity ETF | 34.0% | -5 bp | +0.4% |
| ONEO | State Street SPDR Russell 1000 Momentum Focus ETF | 32.7% | -3 bp | +0.5% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 31.5% | +19 bp | -0.2% |
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 31.1% | +1 bp | +1.4% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 30.6% | -17 bp | -2.2% |
| DEUS | Xtrackers Russell US Multifactor ETF | 30.1% | -6 bp | +0.9% |
Risk and Returns: FMDE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/27/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.2%
ALTAR SCORE™
66th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,348 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. FMDE's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places FMDE in the 66th percentile
among funds in the category.
Sell-Side Consensus
$43.05
PRICE TARGET
+8.8%
UPSIDE