Fidelity Enhanced Mid Cap ETF (FMDE) belongs to the Mid Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMDE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMDE
FMDE charges 0.23% annually. There are 21 ETFs in the Mid Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | 18.14B | Nov 2005 | FMDE vs SPMD | |
| Vanguard Mid-Cap ETF | 0.03% | 218.80B | Jan 2004 | FMDE vs VO | |
| Schwab US Mid-Cap ETF | 0.04% | 14.91B | Jan 2011 | FMDE vs SCHM | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.64B | Jun 2004 | FMDE vs IMCB | |
| iShares Core S&P Mid-Cap ETF | 0.05% | 122.37B | May 2000 | FMDE vs IJH |
Best Risk-Adjusted Alternatives to FMDE
FMDE has a PortfoliosLab risk / return rank of 53. There are 33 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 93 | — | Jun 2025 | FMDE vs CTEF | |
| Invesco S&P Spin-Off ETF | 89 | 226.12M | Dec 2006 | FMDE vs CSD | |
| Optimize Strategy Index ETF | 89 | 239.89M | Apr 2024 | FMDE vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 87 | 366.29M | Nov 2023 | FMDE vs CPAI | |
| iShares MSCI Peru ETF | 83 | 536.81M | Jun 2009 | FMDE vs EPU |
Top Performing FMDE Alternatives (YTD)
FMDE is at 11.95% YTD. There are 56 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 37.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Spin-Off ETF | 37.32% | 226.12M | Dec 2006 | FMDE vs CSD | |
| Castellan Targeted Equity ETF | 34.60% | — | Jun 2025 | FMDE vs CTEF | |
| Optimize Strategy Index ETF | 29.14% | 239.89M | Apr 2024 | FMDE vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 27.31% | 366.29M | Nov 2023 | FMDE vs CPAI | |
| Vanguard U.S. Momentum Factor ETF | 21.55% | 1.70B | Feb 2018 | FMDE vs VFMO |
Lowest Volatility Alternatives to FMDE
FMDE has 13.84% 1-year volatility. There are 28 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 8.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | 8.76% | 426.50M | Feb 2018 | FMDE vs VFMV | |
| Invesco Dynamic Market ETF | 9.74% | 95.10M | May 2003 | FMDE vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.74% | 101.68M | May 2003 | FMDE vs BMVP | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 10.25% | 185.97M | May 2020 | FMDE vs SIXL | |
| Indexperts Quality Earnings Focused ETF | 11.02% | 34.97M | Dec 2024 | FMDE vs QIDX |
Lowest Drawdown Alternatives to FMDE
FMDE has a 1-year max drawdown of -8.33%. There are 27 ETFs in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | -6.00% | 426.50M | Feb 2018 | FMDE vs VFMV | |
| RiverNorth Patriot ETF | -6.25% | 3.97M | Feb 2022 | FMDE vs FLDZ | |
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | FMDE vs SRHQ | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | FMDE vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 101.68M | May 2003 | FMDE vs BMVP |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 58 | 23.14% | 20.96B | Oct 2013 | FMDE vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 71 | 11.08% | 9.74B | Sep 2016 | FMDE vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.99% | 10.22B | Jan 2024 | FMDE vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 36 | 0.12% | 26.62B | Oct 2014 | FMDE vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 55 | 12.20% | 10.69B | Sep 2003 | FMDE vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 44 | 11.18% | 6.97B | Jun 2020 | FMDE vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 72 | 11.33% | 7.88B | Apr 2007 | FMDE vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 32 | 8.15% | 2.35B | Oct 2013 | FMDE vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -40.36% | 750.93M | Jul 2024 | FMDE vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 32 | 4.30% | 5.65B | Nov 2023 | FMDE vs FELG |
Often Compared With FMDE
Investors most often compare FMDE with VOO, FSMVX, CZA. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FMDE with Any Fund or Stock
Compare FMDE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMDE with funds that move differently
Fidelity Enhanced Mid Cap ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMDE.
Explore FMDE Diversifiers