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

In the year to Nov 4, 2026, with distributions reinvested, FMDE returned +20.4% and SMMD +22.4%.

Which is cheaper, FMDE or SMMD?

SMMD is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 60% of FMDE and 10% of SMMD by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

FMDE vs SMMD: Differences, Returns & Fees

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Over the year to Nov 4, 2026, FMDE returned +20.4% to SMMD's +22.4%; 13% 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 $4.2bn on Nov 3, 2026 for iShares Russell 2500 ETF.

FMDE on its own →SMMD on its own →

At a glance

+20.4%

FMDE total return, 1 year

+22.4%

SMMD total return, 1 year

0.23%

FMDE expense ratio

0.15%

SMMD expense ratio

Pair scorecard

SMMD costs 0.08 points a year less; their one-year returns differ by 2.0 points.

FMDE vs SMMD: Differences, Returns & Fees
Measure	FMDE	SMMD
Return
Measure	FMDE	SMMD
Total return, 1 year	+20.4%	+22.4%
Drawdown
Measure	FMDE	SMMD
Below its high		5.3%, high on Aug 14, 2026
Benchmark
Measure	FMDE	SMMD
What it tracks	No index, actively managed	Russell 2500 Index
Cost and size
Measure	FMDE	SMMD
Expense ratio	0.23%	0.15%
Net assets, FMDE as of Sep 30, 2026 and SMMD as of Nov 3, 2026	$8.1bn	$4.2bn
Holdings
Measure	FMDE	SMMD
Holdings in common	13%
Top ten holdings, share of the fund	9.8%	43.4%

Method

What they share

13%

By the books each fund has filed, FMDE and SMMD hold 13% 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

13% in common

Positions both hold · largest shared weight first FMDE SMMD

VIATRIS INC 0.39% 0.31%

NVENT ELECTRIC PLC 0.30% 0.29%

WOODWARD INC 0.46% 0.28%

SKYWORKS SOLUTIONS INC 0.30% 0.27%

F5 INC 0.81% 0.26%

EXELIXIS INC 0.60% 0.25%

ITT INC 0.40% 0.25%

HF SINCLAIR CORP 0.27% 0.24%

TD SYNNEX CORP 0.46% 0.24%

ROKU INC 0.23% 0.29%

HASBRO INC 0.56% 0.23%

NEUROCRINE BIOSCIENCES INC 0.31% 0.23%

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 SMMD

ISHARES RUSSELL 2000 ETF 40.62%

ATI 0.34%

PACKAGING CORP OF AMERICA 0.31%

RELIANCE STEEL & ALUMINUM 0.31%

AFFIRM HOLDINGS CLASS A 0.28%

SNAP ON INC 0.26%

EAST WEST BANCORP 0.25%

OVINTIV 0.25%

Check overlap with more funds →

Side by side

FMDE Fidelity Enhanced Mid Cap Core ETF SMMD iShares Russell 2500 ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity iShares

What it is Actively managed Tracks an index

Total return, 1 year +20.4% +22.4%

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

Gap to its benchmark not measured +7.6 pts vs IWV

Expense ratio 0.23% 0.15%

Already in the S&P 500 59.7% 10.3%

Holdings 421 516

Net assets, FMDE as of Sep 30, 2026 and SMMD as of Nov 3, 2026 $8.1bn $4.2bn

FMDE and SMMD 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%.

SMMD

Over the year to Nov 4, 2026 it returned +22.4% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.

SMMD tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 516 positions, with the top ten at 43.4%. It sat 5.3% below its high of Aug 14, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, FMDE or SMMD?: In the year to Nov 4, 2026, with distributions reinvested, FMDE returned +20.4% and SMMD +22.4%.
Which is cheaper, FMDE or SMMD?: SMMD is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FMDE and SMMD overlap with the S&P 500?: By their latest filed holdings, 60% of FMDE and 10% of SMMD by weight is stocks the S&P 500 already holds.

Other comparisons

FMDE vs IMCG FMDE vs FV FMDE vs IVOO FMDE vs TMSL IJK vs SMMD SMMD vs SPTM SCHM vs SMMD SMMD vs SPMD

Where to next

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

Sources and dates

FMDE filings on SEC EDGAR ↗

FMDE prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

SMMD filings on SEC EDGAR ↗

SMMD prospectus with the expense ratio (SEC) ↗

iShares page for SMMD ↗

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 SMMD, data as of Nov 4, 2026. https://etfiq.com/compare/any/fmde-vs-smmd

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