Data as of Oct 28, 2026.
FMDE vs FPX: Differences, Returns & Fees
Over the year to Oct 28, 2026, FMDE returned +17.3% to FPX's +2.9%; 5% of their weight is in the same names.
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Net assets: $8.1bn on Sep 30, 2026 for Fidelity Enhanced Mid Cap Core ETF, and $1.4bn on Oct 27, 2026 for First Trust US Equity Opportunities ETF.
Pair scorecard
FMDE costs 0.34 points a year less; their one-year returns differ by 14.4 points.
| Measure | FMDE | FPX |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.3% | +2.9% |
| Drawdown | ||
| Below its high | 15.9%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | IPOX -100 U.S. Index |
| Cost and size | ||
| Expense ratio | 0.23% | 0.57% |
| Net assets, FMDE as of Sep 30, 2026 and FPX as of Oct 27, 2026 | $8.1bn | $1.4bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 9.8% | 46.4% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, FMDE and FPX hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
FMDE and FPX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FMDE
FMDE is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.3% 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%.
FPX
FPX tracks an index. Over the year to Oct 28, 2026 it returned +2.9% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Oct 27, 2026, 51% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 46.4%. It sat 15.9% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FMDE or FPX?
- In the year to Oct 28, 2026, with distributions reinvested, FMDE returned +17.3% and FPX +2.9%.
- Which is cheaper, FMDE or FPX?
- FMDE is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, FMDE against FPX, data as of Oct 28, 2026. https://etfiq.com/compare/any/fmde-vs-fpx
ETFIQ. (Oct 28, 2026). FMDE against FPX. Retrieved from https://etfiq.com/compare/any/fmde-vs-fpx
[FMDE against FPX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fmde-vs-fpx)
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