Which returned more over the last year, FMDE or FV?

In the year to Nov 4, 2026, with distributions reinvested, FMDE returned +20.4% and FV +20.0%.

Which is cheaper, FMDE or FV?

FMDE is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FMDE and FV overlap with the S&P 500?

By their latest filed holdings, 60% of FMDE and 0% of FV by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

FMDE vs FV: Differences, Returns & Fees

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Over the year to Nov 4, 2026, FMDE returned +20.4% to FV's +20.0%; 0% 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 $3.8bn on Nov 3, 2026 for First Trust Dorsey Wright Focus 5 ETF.

FMDE on its own →FV on its own →

At a glance

+20.4%

FMDE total return, 1 year

+20.0%

FV total return, 1 year

0.23%

FMDE expense ratio

0.89%

FV expense ratio

Pair scorecard

FMDE costs 0.66 points a year less; their one-year returns differ by 0.4 points.

FMDE vs FV: Differences, Returns & Fees
Measure	FMDE	FV
Return
Measure	FMDE	FV
Total return, 1 year	+20.4%	+20.0%
Drawdown
Measure	FMDE	FV
Below its high		4.1%, high on Oct 28, 2026
Benchmark
Measure	FMDE	FV
What it tracks	No index, actively managed	Dorsey Wright Focus Five Index
Cost and size
Measure	FMDE	FV
Expense ratio	0.23%	0.89%
Net assets, FMDE as of Sep 30, 2026 and FV as of Nov 3, 2026	$8.1bn	$3.8bn
Holdings
Measure	FMDE	FV
Holdings in common	0%
Top ten holdings, share of the fund	9.8%	99.9%

Method

What they share

By the books each fund has filed, FMDE and FV hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FMDE FV

Only in one fund ↓

Only in FMDE

TERADYNE INC 1.16%

KEYSIGHT TECHNOLOGIES INC 1.01%

COMFORT SYSTEMS USA INC 0.99%

BANK NEW YORK MELLON CORP 0.99%

HOWMET AEROSPACE INC 0.98%

L3HARRIS TECHNOLOGIES INC 0.97%

HUMANA INC 0.96%

ALLSTATE CORP 0.94%

Only in FV

First Trust Nasdaq Pharmaceuticals ETF 22.02%

First Trust NYSE® Arca® Biotechnology Index Fund 21.16%

First Trust Nasdaq Oil & Gas ETF 20.98%

First Trust Technology AlphaDEX® Fund 18.53%

First Trust NASDAQ-100-Technology Sector Index Fund 17.19%

Check overlap with more funds →

Side by side

FMDE Fidelity Enhanced Mid Cap Core ETF FV First Trust Dorsey Wright Focus 5 ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity First Trust

What it is Actively managed Tracks an index

Total return, 1 year +20.4% +20.0%

Its benchmark over the same days not measured +14.8% (VOO)

Gap to its benchmark not measured +5.2 pts vs VOO

Expense ratio 0.23% 0.89%

Already in the S&P 500 59.7% 0.0%

Holdings 421 5

Net assets, FMDE as of Sep 30, 2026 and FV as of Nov 3, 2026 $8.1bn $3.8bn

FMDE and FV on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

FMDE

FMDE is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +20.4% 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%.

FV tracks an index. Over the year to Nov 4, 2026 it returned +20.0% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.89% a year. By its holdings published by its issuer for Nov 3, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 5 positions, with the top ten at 99.9%. It sat 4.1% below its high of Oct 28, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, FMDE or FV?: In the year to Nov 4, 2026, with distributions reinvested, FMDE returned +20.4% and FV +20.0%.
Which is cheaper, FMDE or FV?: FMDE is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FMDE and FV overlap with the S&P 500?: By their latest filed holdings, 60% of FMDE and 0% of FV by weight is stocks the S&P 500 already holds.

Other comparisons

FMDE vs IWR FMDE vs IVOO FMDE vs IMCG FMDE vs SMMD FV vs VFLO FV vs XMMO FV vs IJK FV vs JHMM

Where to next

FMDE on its own →FV on its own →Hold both: look the portfolio through →Rankings →FMDE dividend history →FMDE holdings →FV dividend history →FV holdings →Standards and sources →

Sources and dates

FMDE filings on SEC EDGAR ↗

FMDE prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

FV filings on SEC EDGAR ↗

FV prospectus with the expense ratio (SEC) ↗

First Trust page for FV ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FMDE against FV, data as of Nov 4, 2026. https://etfiq.com/compare/any/fmde-vs-fv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.