FMDE vs SPGP: Differences, Returns & Fees
FMDE and SPGP hold 12% 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 $2.1bn on Oct 20, 2026 for Invesco S&P 500 GARP ETF.
FMDE costs 0.11 points a year less; their one-year returns differ by 7.2 points.
| FMDE | SPGP | |
|---|---|---|
| Expense ratio | 0.23% | 0.34% |
| Net assets, FMDE as of Sep 30, 2026 and SPGP as of Oct 20, 2026 | $8.1bn | $2.1bn |
| Total return, 1 year | +17.2% | +10.0% |
| What it tracks | No index, actively managed | S&P 500 GARP Index |
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 9.8% | 20.4% |
| Below its high | 3.1%, high on Aug 14, 2026 | 4.0%, high on Aug 13, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
No client brief for this pair: the two funds' holdings are dated 111 days apart.
What they hold in common
By the books each fund has filed, FMDE and SPGP hold 12% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
12% in common
On the same fields
FMDE and SPGP 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 SPGP
SPGP tracks an index. Over the year to Oct 20, 2026 it returned +10.0% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.4%. It sat 4.0% below its high of Aug 13, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, FMDE or SPGP?
- In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and SPGP +10.0%.
- Which is cheaper, FMDE or SPGP?
- FMDE is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FMDE against SPGP, data as of Oct 20, 2026. https://etfiq.com/compare/any/fmde-vs-spgp
ETFIQ. (Oct 20, 2026). FMDE against SPGP. Retrieved from https://etfiq.com/compare/any/fmde-vs-spgp
[FMDE against SPGP (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/fmde-vs-spgp)
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