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

In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and MLRG +15.5%.

Which is cheaper, FMDE or MLRG?

MLRG is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 60% of FMDE and 96% of MLRG by weight is stocks the S&P 500 already holds.

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FMDE vs MLRG: Differences, Returns & Fees

FMDE and MLRG hold 8% 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 $1.3bn on Oct 20, 2026 for iShares MSCI USA ETF.

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Answers cite the figures on this page.

MLRG costs 0.20 points a year less; their one-year returns differ by 1.7 points; FMDE is 6.2 times larger.

FMDE vs MLRG: Differences, Returns & Fees
	FMDE	MLRG
Expense ratio	0.23%	0.03%
Net assets, as of Sep 30, 2026	$8.1bn	$1.3bn
Total return, 1 year	+17.2%	+15.5%
What it tracks	No index, actively managed	MSCI USA Index
Holdings in common	8%
Top ten holdings, share of the fund	9.8%	37.8%
Below its high	3.1%, 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

+15.5%

MLRG total return, 1 year

0.23%

FMDE expense ratio

0.03%

MLRG expense ratio

What they hold in common

By the books each fund has filed, FMDE and MLRG hold 8% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.

50%

half

8% in common

Positions both hold, largest shared weight first

Holding FMDE MLRG

MARATHON PETROLEUM CORP 0.91% 0.21%

BRISTOL-MYERS SQUIBB CO 0.49% 0.18%

CAPITAL ONE FINANCIAL CORP 0.23% 0.18%

WESTERN DIGITAL CORP 0.73% 0.18%

FORTINET INC 0.56% 0.16%

TRANE TECHNOLOGIES PLC 0.29% 0.16%

ADOBE INC 0.21% 0.15%

CLOUDFLARE INC 0.38% 0.14%

JOHNSON CONTROLS INTERNATIONAL PLC 0.20% 0.14%

HOWMET AEROSPACE INC 0.98% 0.13%

COMCAST CORP 0.35% 0.12%

AIRBNB INC 0.40% 0.11%

Only in FMDE

BANK NEW YORK MELLON CORP 0.99%

AMETEK INC NEW 0.91%

KINDER MORGAN INC DEL 0.90%

ELECTRONIC ARTS INC 0.82%

VENTAS INC 0.81%

CRANE CO 0.67%

PULTE GROUP INC 0.67%

MAPLEBEAR INC 0.66%

Only in MLRG

APPLE 7.59%

NVIDIA 7.52%

MICROSOFT 5.68%

AMAZON.COM INC 3.83%

ALPHABET CLASS A 3.04%

ALPHABET CLASS C 2.40%

META PLATFORMS CLASS A 2.34%

BROADCOM INC 2.28%

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On the same fields

FMDE

Fidelity Enhanced Mid Cap Core ETF

MLRG

iShares MSCI USA 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% +15.5%

Its benchmark over the same days not measured +15.4% (PBUS)

Gap to its benchmark not measured +0.2 pts vs PBUS

Expense ratio 0.23% 0.03%

Already in the S&P 500 59.7% 95.6%

Holdings 421 515

Net assets, FMDE as of Sep 30, 2026 and MLRG as of Oct 20, 2026 $8.1bn $1.3bn

Former ticker none ILCB

FMDE and MLRG 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 MLRG

MLRG tracks an index. Over the year to Oct 20, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 19, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 515 positions, with the top ten at 37.8%.

Questions people ask

Which returned more over the last year, FMDE or MLRG?: In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and MLRG +15.5%.
Which is cheaper, FMDE or MLRG?: MLRG is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FMDE and MLRG overlap with the S&P 500?: By their latest filed holdings, 60% of FMDE and 96% of MLRG by weight is stocks the S&P 500 already holds.

Other comparisons

FMDE vs FTC FMDE vs IVOG FMDE vs IMCB FMDE vs VFMO MLRG vs VFLO MLRG vs XMMO IJK vs MLRG MLRG vs MOAT

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

Where these figures came from

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

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

Open data

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