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

In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and IWR +15.1%.

Which is cheaper, FMDE or IWR?

IWR is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 60% of FMDE and 62% of IWR by weight is stocks the S&P 500 already holds.

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FMDE vs IWR: Differences, Returns & Fees

FMDE and IWR hold 30% of their weight in the same names, and FMDE returned +17.2% over the year. Net assets: $8.1bn on Sep 30, 2026 for Fidelity Enhanced Mid Cap Core ETF, and $57.0bn on Oct 20, 2026 for iShares Russell Mid-Cap ETF.

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Answers cite the figures on this page.

IWR costs 0.05 points a year less; their one-year returns differ by 2.1 points; IWR is 6.8 times larger.

FMDE vs IWR: Differences, Returns & Fees
	FMDE	IWR
Expense ratio	0.23%	0.18%
Net assets, as of Sep 30, 2026	$8.1bn	$54.9bn
Total return, 1 year	+17.2%	+15.1%
What it tracks	No index, actively managed	Russell Midcap Index
Holdings in common	30%
Top ten holdings, share of the fund	9.8%	6.8%
Below its high	3.1%, high on Aug 14, 2026	4.3%, high on Aug 14, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.

+17.2%

FMDE total return, 1 year

+15.1%

IWR total return, 1 year

0.23%

FMDE expense ratio

0.18%

IWR expense ratio

What they hold in common

By the books each fund has filed, FMDE and IWR hold 30% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.

50%

half

30% in common

Positions both hold, largest shared weight first

Holding FMDE IWR

MARATHON PETROLEUM CORP 0.91% 1.04%

ALLSTATE CORP 0.94% 0.47%

HEWLETT PACKARD ENTERPRISE CO 0.47% 0.55%

CARDINAL HEALTH INC 0.81% 0.44%

CHENIERE ENERGY INC 0.44% 0.45%

KEYSIGHT TECHNOLOGIES INC 1.01% 0.43%

NUCOR CORP 0.76% 0.43%

TERADYNE INC 1.16% 0.39%

COMFORT SYSTEMS USA INC 0.99% 0.38%

CLOUDFLARE INC 0.38% 0.71%

HUMANA INC 0.96% 0.37%

VISTRA CORP 0.53% 0.37%

Only in FMDE

BANK NEW YORK MELLON CORP 0.99%

HOWMET AEROSPACE INC 0.98%

AMETEK INC NEW 0.91%

KINDER MORGAN INC DEL 0.90%

CIENA CORP 0.84%

ELECTRONIC ARTS INC 0.82%

VENTAS INC 0.81%

WESTERN DIGITAL CORP 0.73%

Only in IWR

MODERNA 0.61%

ROYAL CARIBBEAN GROUP 0.53%

DIGITAL REALTY TRUST REIT 0.48%

KINDER MORGAN 0.48%

SIMON PROPERTY GROUP REIT INC 0.48%

UNITED RENTALS 0.48%

TARGA RESOURCES 0.46%

DEVON ENERGY 0.43%

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On the same fields

FMDE

Fidelity Enhanced Mid Cap Core ETF

IWR

iShares Russell Mid-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity iShares

What it is Actively managed Tracks an index

Total return, 1 year +17.2% +15.1%

Its benchmark over the same days not measured +15.0% (IWV)

Gap to its benchmark not measured +0.1 pts vs IWV

Expense ratio 0.23% 0.18%

Already in the S&P 500 59.7% 61.6%

Holdings 421 825

Net assets, FMDE as of Sep 30, 2026 and IWR as of Oct 20, 2026 $8.1bn $57.0bn

FMDE and IWR on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

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.

About IWR

IWR tracks an index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 19, 2026, 62% of the fund by weight is stocks the S&P 500 also holds, across 825 positions, with the top ten at 6.8%. It sat 4.3% below its high of Aug 14, 2026 on Oct 20, 2026.

Over the year to Oct 20, 2026 it returned +15.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.

Questions people ask

Which returned more over the last year, FMDE or IWR?: In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and IWR +15.1%.
Which is cheaper, FMDE or IWR?: IWR is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FMDE and IWR overlap with the S&P 500?: By their latest filed holdings, 60% of FMDE and 62% of IWR by weight is stocks the S&P 500 already holds.

Other comparisons

FMDE vs VO FMDE vs IJH FMDE vs MDY FMDE vs SPMD IWR vs VFLO IWR vs XMMO IJK vs IWR IWR vs MOAT

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

Where these figures came from

FMDE filings on SEC EDGAR ↗FMDE prospectus with the expense ratio (SEC) ↗Fidelity website ↗IWR filings on SEC EDGAR ↗IWR prospectus with the expense ratio (SEC) ↗iShares page for IWR ↗

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, FMDE against IWR, data as of Oct 20, 2026. https://etfiq.com/compare/any/fmde-vs-iwr

Open data

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