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Data as of Nov 4, 2026.

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Thematic ETFs

FDCF vs FMED: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FDCF returned +1.2% to FMED's +27.4%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $103m for Fidelity Disruptive Communications ETF and $52m for Fidelity Disruptive Medicine ETF.

FDCF on its own →FMED on its own →
At a glance
51.4%
FDCF in the S&P 500
21.8%
FMED in the S&P 500
+1.2%
FDCF total return, 1 year
+27.4%
FMED total return, 1 year
FDCF · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500
49% of its weight is outside the S&P 50051% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.51%49%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 80% · top ten 54% of the fund · 37 holdings as filed for Aug 31, 2026 · Nasdaq-100: 45% in49% of its weight is outside the S&P 50051% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.51%49%in the S&P 500outsideactive share 80% · Nasdaq-100: 45% in

51% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.

FMED · 1 year to Nov 4, 2026 78% of its weight is outside the S&P 500
78% of its weight is outside the S&P 50022% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.22%78%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 33% of the fund · 72 holdings as filed for Aug 31, 2026 · Nasdaq-100: 5% in78% of its weight is outside the S&P 50022% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.22%78%inoutside the S&P 500active share 98% · Nasdaq-100: 5% in

22% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

Both cost 0.50% a year; their one-year returns differ by 26.2 points; FDCF is 2.0 times larger.

FDCF vs FMED: Holdings Overlap & Returns
MeasureFDCFFMED
Return
Total return, 1 year+1.2%+27.4%
Drawdown
Below its all-time high7.2%, high on Oct 6, 2026
Benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Cost and size
Expense ratio0.50%0.50%
Net assets, as of Sep 30, 2026$103m$52m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, FDCF and FMED hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FDCF FMED
Only in one fund ↓
Only in FDCF
TAIWAN SEMICONDUCTOR MFG CO LTD 10.18%
ALPHABET INC 7.89%
ARISTA NETWORKS INC 6.84%
NVIDIA CORP 5.85%
META PLATFORMS INC 5.59%
AMAZON.COM INC 5.20%
SEA LTD 3.43%
TWILIO INC 3.23%
Only in FMED
10X GENOMICS INC 5.19%
THERMO FISHER SCIENTIFIC INC 3.83%
DANAHER CORP 3.73%
NATERA INC 3.30%
ARGENX SE 3.20%
LIFESTANCE HEALTH GROUP INC 3.00%
REVOLUTION MEDICINES INC 2.87%
ILLUMINA INC 2.82%
Check overlap with more funds →

Window by window

Window by window: FDCF vs FMED: Holdings Overlap & Returns
Total return
WindowFDCFFMED
3 months−1.9%+14.9%
6 months−1.2%+31.2%
1 year+1.2%+27.4%
3 years+91.2%+57.8%
Since launchFDCF Jun 2023 · FMED Jun 2023+94.2%+31.7%

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Side by side

FDCF Fidelity Disruptive Communications ETF · Holds 37 stocks in broad innovation and megatrends, 51% of its weight in S&P 500 companies FMED Fidelity Disruptive Medicine ETF · Holds 72 stocks in broad innovation and megatrends, 22% of its weight in S&P 500 companies
Issuer Fidelity Fidelity
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 51.4% 21.8%
Active share vs the S&P 500 79.6% 97.5%
In the Nasdaq-100 44.7% 5.1%
Holdings 37 72
Top ten, share of the fund 53.9% 33.2%
Expense ratio 0.50% 0.50%
Fee for the differing part 0.63% 0.51%
Total return, 1 year +1.2% +27.4%
vs its benchmark not measured not measured
Below its high −7.2% −0.9%
Net assets, as of Sep 30, 2026 $103m $52m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

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About each fund
FDCF

By weight, 51% of FDCF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 80%. The top ten holdings are 54% of the fund across 37 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +1.2% with distributions reinvested. It sits 7.2% below its all-time high of Oct 6, 2026.

FMED

By weight, 22% of FMED's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 33% of the fund across 72 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested.

Questions people ask

Do FDCF and FMED hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FDCF or FMED?
FDCF has 51% of its weight in S&P 500 names and FMED has 22%, so FMED differs more from the index.
Which is cheaper, FDCF or FMED?
FDCF and FMED both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
FDCF vs TNXTFDCF vs INVNFDCF vs GXDWFDCF vs XDATFMED vs GTEKFMED vs FRWDFMED vs ILDRFMED vs QQQJ
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FDCF on its own →FMED on its own →FDCF dividend history →FDCF holdings →FMED dividend history →FMED holdings →Method →Standards and sources →
Sources and dates
FDCF and FMED filings on SEC EDGAR ↗
FDCF and FMED prospectus with the expense ratio (SEC) ↗
Fidelity website ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FDCF against FMED, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdcf-vs-fmed

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