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

In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and MDY +13.1%.

Which is cheaper, FMDE or MDY?

Neither: FMDE and MDY both charge 0.23% a year. Fees come from each fund's prospectus.

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

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

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FMDE vs MDY: Differences, Returns & Fees

FMDE and MDY hold 20% 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 $25.8bn on Oct 20, 2026 for SPDR S&P MidCap 400 ETF Trust.

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Answers cite the figures on this page.

Both cost 0.23% a year; their one-year returns differ by 4.1 points; MDY is 3.1 times larger.

Points (pts) are percentage points.

FMDE vs MDY: Differences, Returns & Fees
	FMDE	MDY
Expense ratio	0.23%	0.23%
Net assets, as of Sep 30, 2026	$8.1bn	$25.2bn
Total return, 1 year	+17.2%	+13.1%
What it tracks	No index, actively managed	S&P MidCap 400 Index
Holdings in common	20%
Top ten holdings, share of the fund	9.8%	7.4%
Below its high	3.1%, high on Aug 14, 2026	6.7%, 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

+13.1%

MDY total return, 1 year

0.23%

FMDE expense ratio

0.23%

MDY expense ratio

What they hold in common

By the books each fund has filed, FMDE and MDY hold 20% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.

50%

half

20% in common

Positions both hold, largest shared weight first

Holding FMDE MDY

TECHNIPFMC PLC 0.63% 0.80%

CURTISS-WRIGHT CORP 0.71% 0.54%

WESCO INTERNATIONAL INC 0.51% 0.49%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC 0.46% 0.54%

WOODWARD INC 0.46% 0.57%

TD SYNNEX CORP 0.46% 0.58%

EXELIXIS INC 0.60% 0.46%

DOCUSIGN INC 0.48% 0.43%

PINNACLE FINANCIAL PARTNERS INC 0.46% 0.41%

ITT INC 0.40% 0.52%

LAMAR ADVERTISING CO 0.41% 0.39%

CARPENTER TECHNOLOGY CORP 0.38% 0.55%

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 MDY

U.S. Dollar 0.97%

ATI Inc 0.76%

United Therapeutics Corporation 0.68%

Entegris Inc. 0.65%

Ovintiv Inc 0.56%

Nutanix Inc. Class A 0.54%

East West Bancorp Inc. 0.50%

Burlington Stores Inc. 0.48%

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On the same fields

FMDE

Fidelity Enhanced Mid Cap Core ETF

MDY

SPDR S&P MidCap 400 ETF Trust

Where it sits Stock ETF Stock ETF

Issuer Fidelity State Street

What it is Actively managed Tracks the S&P MidCap 400

Total return, 1 year +17.2% +13.1%

Its benchmark over the same days not measured +13.4% (IJH)

Gap to its benchmark not measured −0.3 pts vs IJH

Expense ratio 0.23% 0.23%

Already in the S&P 500 59.7% 0.0%

Holdings 421 401

Net assets, FMDE as of Sep 30, 2026 and MDY as of Oct 20, 2026 $8.1bn $25.8bn

FMDE and MDY 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 MDY

MDY tracks the S&P MidCap 400. Over the year to Oct 20, 2026 it returned +13.1% with distributions reinvested, against +13.4% for its benchmark, the S&P MidCap 400 Index. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.4%. It sat 6.7% below its high of Aug 14, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, FMDE or MDY?: In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and MDY +13.1%.
Which is cheaper, FMDE or MDY?: Neither: FMDE and MDY both charge 0.23% a year. Fees come from each fund's prospectus.
How much do FMDE and MDY overlap with the S&P 500?: By their latest filed holdings, 60% of FMDE and 0% of MDY by weight is stocks the S&P 500 already holds.

Other comparisons

FMDE vs VXF FMDE vs SPMD FMDE vs SCHM FMDE vs SPTM MDY vs VFLO MDY vs XMMO IJK vs MDY MDY vs MOAT

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

Where these figures came from

FMDE filings on SEC EDGAR ↗FMDE prospectus with the expense ratio (SEC) ↗Fidelity website ↗MDY filings on SEC EDGAR ↗State Street website ↗

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 MDY, data as of Oct 20, 2026. https://etfiq.com/compare/any/fmde-vs-mdy

Open data

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