FMDE vs XMHQ: Differences, Returns & Fees
FMDE and XMHQ hold 9% 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 $5.6bn on Oct 20, 2026 for Invesco S&P MidCap Quality ETF.
FMDE costs 0.02 points a year less; their one-year returns differ by 5.4 points.
| FMDE | XMHQ | |
|---|---|---|
| Expense ratio | 0.23% | 0.25% |
| Net assets, FMDE as of Sep 30, 2026 and XMHQ as of Oct 20, 2026 | $8.1bn | $5.6bn |
| Total return, 1 year | +17.2% | +11.8% |
| What it tracks | No index, actively managed | S&P MidCap 400 Quality Index |
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 9.8% | 30.4% |
| Below its high | 3.1%, high on Aug 14, 2026 | 3.0%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, FMDE and XMHQ hold 9% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
9% in common
On the same fields
FMDE and XMHQ 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 XMHQ
XMHQ tracks an index. Over the year to Oct 20, 2026 it returned +11.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year. 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 82 positions, with the top ten at 30.4%. It sat 3.0% below its high of Aug 14, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, FMDE or XMHQ?
- In the year to Oct 20, 2026, with distributions reinvested, FMDE returned +17.2% and XMHQ +11.8%.
- Which is cheaper, FMDE or XMHQ?
- FMDE is cheaper, by 0.02 percentage points a year. That is about $2 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 XMHQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/fmde-vs-xmhq
ETFIQ. (Oct 20, 2026). FMDE against XMHQ. Retrieved from https://etfiq.com/compare/any/fmde-vs-xmhq
[FMDE against XMHQ (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/fmde-vs-xmhq)
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