FMDE vs GARP: holdings overlap, shared companies and scores
As of September 11, 2026, FMDE and GARP overlap 8.6% by weight. Fidelity Enhanced Mid Cap ETF (FMDE): U.S. mid-cap stocks. iShares MSCI USA Quality GARP ETF (GARP): U.S. quality growth stocks.
Updated September 11, 2026
How much do FMDE and GARP overlap?
As of September 11, 2026, FMDE and GARP overlap 8.6% by weight.
17% of FMDE is already inside GARP.
19% of GARP is already inside FMDE.
FMDE holds 417 companies and GARP holds 133; 55 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FMDE and GARP?
As of September 11, 2026, ETF Copilot scores FMDE 6.0 out of 10 and GARP 7.6 out of 10.
They differ most on Quality: FMDE 3.4 and GARP 9.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FMDE | GARP |
|---|---|---|
| Growth | 4.2 | 7.2 |
| Valuation | 8.7 | 6.7 |
| Risk | 9.0 | 5.1 |
| Quality | 3.4 | 9.3 |
| Return | 5.7 | 9.1 |
GARP is the cheaper of the two at 0.15% a year
As of September 11, 2026, FMDE charges 0.23% a year, yields 1.44% and holds $8.2B in assets across 417 positions.
As of September 11, 2026, GARP charges 0.15% a year, yields 0.41% and holds $3.1B in assets across 133 positions.
| Measure | FMDE | GARP |
|---|---|---|
| Expense ratio | 0.23% | 0.15% |
| Dividend yield | 1.44% | 0.41% |
| Assets under management | $8.2B | $3.1B |
| Holdings | 417 | 133 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where FMDE and GARP trade against their own history
FMDE trades at 19.4 times earnings, against its own median of 20.5, and is cheaper than 83% of its own 35 monthly readings since 2023.
GARP trades at 30.3 times earnings, against its own median of 29.3, and is more expensive than 66% of its own 29 monthly readings since 2024.
What moved FMDE this week
FMDE fell 1.8% in the week to September 11, 2026. The holdings that moved it most were Snowflake (−7.7%), Casey S General Stores (−18.8%) and Robinhood Markets (−9.7%); Qorvo (+16.2%) pushed the other way.
What do FMDE and GARP each hold?
What's inside FMDE: Tech 22%, AI 3%.
9% of FMDE is its ten largest holdings.
What's inside GARP: Tech 67%, Magnificent 7 27%.
43% of GARP is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FMDE vs GARP holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fmde-vs-garp
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