CGMM vs FMDE: Differences, Returns & Fees
CGMM and FMDE hold 14% of their weight in the same names, and FMDE returned +17.2% over the year. Net assets: $3.5bn on Oct 19, 2026 for Capital Group U.S. Small and Mid Cap ETF, and $8.1bn on Sep 30, 2026 for Fidelity Enhanced Mid Cap Core ETF.
FMDE costs 0.28 points a year less; their one-year returns differ by 6.1 points; FMDE is 2.4 times larger.
| CGMM | FMDE | |
|---|---|---|
| Expense ratio | 0.51% | 0.23% |
| Net assets, as of Sep 30, 2026 | $3.4bn | $8.1bn |
| Total return, 1 year | +11.1% | +17.2% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 18.7% | 9.8% |
| Below its high | 6.8%, high on Aug 13, 2026 | 3.1%, high on Aug 14, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
CGMM and FMDE are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 14% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 CGMM returned +11.1% and FMDE +17.2% with distributions reinvested, a gap of 6.1 points.
- Number of holdings. CGMM holds 114 positions and FMDE holds 421.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, CGMM and FMDE hold 14% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
14% in common
On the same fields
CGMM and FMDE on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About CGMM
CGMM is actively managed and tracks no index. The prospectus expense ratio is 0.51% a year. By its holdings filed for May 31, 2026, 45% of the fund by weight is stocks the S&P 500 also holds, across 114 positions, with the top ten at 18.7%. It sat 6.8% below its high of Aug 13, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +11.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About FMDE
FMDE is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +17.2% with distributions reinvested. The prospectus expense ratio is 0.23% a year. By its holdings filed for Jun 30, 2026, 60% of the fund by weight is stocks the S&P 500 also holds, across 421 positions, with the top ten at 9.8%. It sat 3.1% below its high of Aug 14, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, CGMM or FMDE?
- In the year to Oct 20, 2026, with distributions reinvested, CGMM returned +11.1% and FMDE +17.2%.
- Which is cheaper, CGMM or FMDE?
- FMDE is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, CGMM against FMDE, data as of Oct 20, 2026. https://etfiq.com/compare/any/cgmm-vs-fmde
ETFIQ. (Oct 20, 2026). CGMM against FMDE. Retrieved from https://etfiq.com/compare/any/cgmm-vs-fmde
[CGMM against FMDE (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/cgmm-vs-fmde)
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