Is FMDE a good investment?

Fidelity Enhanced Mid Cap ETF (FMDE) is a multi-factor ETF. As of September 11, 2026, ETF Copilot scores FMDE 6.0 out of 10 — highest on Risk (9.0), lowest on Quality (3.4). It trades at 19.4 times earnings, against its own median of 20.5. Its ten largest holdings are 9% of the fund.

Updated September 11, 2026

How is FMDE rated? ETF Copilot scores Fidelity Enhanced Mid Cap ETF (FMDE) 6.0 out of 10

As of September 11, 2026, ETF Copilot scores Fidelity Enhanced Mid Cap ETF (FMDE) 6.0 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 6.0 / 10
Growth: 4.2 / 10
Valuation: 8.7 / 10
Risk: 9.0 / 10
Quality: 3.4 / 10
Return: 5.7 / 10

FMDE is ranked #8 of 10 in ETF Copilot's Thematic list.

What is FMDE's expense ratio? 0.23% 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.

Fidelity Enhanced Mid Cap ETF (FMDE) — cost, income and size
Measure	FMDE
Expense ratio	0.23%
Dividend yield	1.44%
Assets under management	$8.2B
Holdings	417

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.

What stands out in FMDE's data

U.S. mid-cap stocks, selected through a multi-factor model.

Analysts see stronger growth ahead than the typical mid-cap fund — a bet that the model picks winners.

Its forward growth estimate of 15% sits above the peer median of 14% and its own 12% historical median. Holds 417 names and charges 0.23%.

A multi-factor mid-cap sleeve that pairs with a broad core for managed risk exposure.

Why did FMDE move this week? It fell 1.8% in the week to September 11, 2026 — Snowflake and Casey S General Stores drove it

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.

Is FMDE expensive right now? It trades at 19.4 times earnings, against its own median of 20.5

As of September 11, 2026, FMDE is cheaper than 83% of its own 35 monthly readings since 2023 — 6 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside FMDE? 22% Tech

What's inside FMDE: Size (Large 43%, Mid 55%, Small 2%); Geography (International 5%, US 95%); Tech 21.8%; AI 3.0%; Semiconductors 2.7%; Memory 1.2%.

What are FMDE's top holdings? The ten largest are 9% of the fund

Marathon Petroleum, Snowflake, Allstate, Nucor, State Street, Keysight Technologies, Ford Motor, Ametek, Kinder Morgan and Ventas are FMDE's largest holdings, in that order.

Less concentrated than 75% of Weight - Multi-factor ETFs.

Half of FMDE's weight sits in its 80 largest positions, and once those weights are taken into account it behaves like 219 equally weighted holdings.

Cite this

ETF Copilot, “Fidelity Enhanced Mid Cap ETF (FMDE) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fmde