Data as of Nov 4, 2026.

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Thematic ETFs

FMED vs LFSC: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMED returned +27.4% to LFSC's +43.6%; 12% of their weight is in the same names.

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Net assets: $52m on Sep 30, 2026 for Fidelity Disruptive Medicine ETF, and $126m on Aug 31, 2026 for F/m Emerald Life Sciences Innovation ETF.

At a glance
21.8%
FMED in the S&P 500
0.0%
LFSC in the S&P 500
+27.4%
FMED total return, 1 year
+43.6%
LFSC total return, 1 year
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.

LFSC · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of LFSC's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 54% of the fund · 38 holdings as filed for Aug 31, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of LFSC's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of LFSC's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

FMED costs 0.04 points a year less; their one-year returns differ by 16.2 points; LFSC is 2.4 times larger.

Points (pts) are percentage points.

FMED vs LFSC: Holdings Overlap & Returns
MeasureFMEDLFSC
Return
Total return, 1 year+27.4%+43.6%
Drawdown
Below its all-time high5.7%, high on Aug 19, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearahead by 28.8 pts
Cost and size
Expense ratio0.50%0.54%
Net assets, as of Aug 31, 2026$52m$126m
Holdings
Holdings in common12%

Method

What they share

12%

By the books each fund has filed, FMED and LFSC hold 12% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first FMED LFSC
COGENT BIOSCIENCES INC 2.31% 6.48%
GUARDANT HEALTH INC 1.53% 3.81%
VIRIDIAN THERAPEUTICS INC 1.40% 2.53%
TWIST BIOSCIENCE CORP 1.35% 2.03%
AXSOME THERAPEUTICS INC 1.06% 3.05%
WAYSTAR HOLDING CORP 0.91% 1.18%
DIANTHUS THERAPEUTICS INC 0.82% 2.70%
PRAXIS PRECISION MEDICINES INC. 0.68% 0.98%
INSMED INC 1.84% 0.60%
SPYRE THERAPEUTICS INC 0.45% 6.70%
MIRUM PHARMACEUTICALS INC 0.42% 4.32%
Only in one fund ↓
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%
Only in LFSC
Travere Therapeutics Inc 8.71%
Corcept Therapeutics Inc 6.72%
LivaNova PLC 6.61%
Billiontoone Inc 3.86%
Cytokinetics Inc 3.50%
United Therapeutics Corp 3.27%
Nektar Therapeutics 2.97%
TransMedics Group Inc 2.91%
Check overlap with more funds →

Window by window

Window by window: FMED vs LFSC: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFMEDLFSCFMEDLFSC
3 months+14.9%−3.8%not measured−3.5 pts vs IWV
6 months+31.2%+16.9%not measured+12.0 pts vs IWV
1 year+27.4%+43.6%not measured+28.8 pts vs IWV
3 years+57.8%–not measured–
Since launchNot the same days: FMED Jun 2023 · LFSC Oct 2024+31.7%+83.4%not measured+46.4 pts vs IWV

– means no data for this window. Open this comparison in the app →

Side by side

FMED Fidelity Disruptive Medicine ETF · Holds 72 stocks in broad innovation and megatrends, 22% of its weight in S&P 500 companies LFSC F/m Emerald Life Sciences Innovation ETF · Holds 38 stocks in broad innovation and megatrends, 0% of its weight in S&P 500 companies
Issuer Fidelity F/m
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 21.8% 0.0%
Active share vs the S&P 500 97.5% 100.0%
In the Nasdaq-100 5.1% 0.0%
Holdings 72 38
Top ten, share of the fund 33.2% 54.0%
Expense ratio 0.50% 0.54%
Fee for the differing part 0.51% 0.54%
Total return, 1 year +27.4% +43.6%
vs its benchmark not measured +28.8 pts vs IWV
Below its high −0.9% −5.7%
Net assets, FMED as of Sep 30, 2026 and LFSC as of Aug 31, 2026 $52m $126m

As of Nov 4, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

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About each fund
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.

LFSC

Over the year to Nov 4, 2026 the fund returned +43.6% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Total Return, so a holder was ahead by 28.8 pts.

By weight, 0% of LFSC's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 54% of the fund across 38 positions, as filed for Aug 31, 2026. It sits 5.7% below its all-time high of Aug 19, 2026.

Questions people ask

Do FMED and LFSC hold the same stocks?
By their latest filings, 12% 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, FMED or LFSC?
FMED has 22% of its weight in S&P 500 names and LFSC has 0%, so LFSC differs more from the index.
Which is cheaper, FMED or LFSC?
FMED charges 0.50% a year and LFSC charges 0.54%, so FMED is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, FMED against LFSC, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmed-vs-lfsc

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