Fidelity Enhanced Mid Cap ETF (FMDE) is a multi-factor ETF. As of October 28, 2026, ETF Copilot scores FMDE 5.9 out of 10 — highest on Value (9.2), lowest on Quality (2.7). It trades at 18.8 times earnings, against its own median of 20.6. Its ten largest holdings are 10% of the fund.
What stands out in FMDE's data
U.S. mid-cap stocks, selected through a multi-factor model.
Its worst five-year drop is shallower than most mid-cap funds — a smoother ride through market stress.
A 5-year peak-to-trough decline of -21.1% is the fund's worst stretch. It holds 429 stocks, spreading risk across many names.
A multi-factor mid-cap sleeve that pairs with a broad core for managed risk exposure.
How is FMDE rated? ETF Copilot scores Fidelity Enhanced Mid Cap ETF (FMDE) 5.9 out of 10
As of October 28, 2026, ETF Copilot scores Fidelity Enhanced Mid Cap ETF (FMDE) 5.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.9 / 10
- Growth: 4.0 / 10
- Value: 9.2 / 10
- Risk: 7.3 / 10
- Quality: 2.7 / 10
- Return: 6.7 / 10
Is FMDE expensive right now? It trades at 18.8 times earnings, against its own median of 20.6
As of October 28, 2026, FMDE is cheaper than 92% of its own last 3 years.
Trailing 12 months, built from FMDE's holdings. How we calculate this →
What's inside FMDE? 22% Tech
What's inside FMDE: Size (Large 46%, Mid 52%, Small 2%); Geography (International 5%, US 95%); Tech 21.6%; AI 2.8%; Semiconductors 2.4%; Memory 0.5%.
What are FMDE's top holdings? The ten largest are 10% of the fund
Marathon Petroleum, Snowflake, Allstate, Nucor, Ametek, L3harris Technologies, Keysight Technologies, Occidental Petroleum, State Street and NetApp are FMDE's largest holdings, in that order.
Less concentrated than 76% of 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 220 equally weighted holdings.
What is FMDE's expense ratio? 0.23% a year
As of October 28, 2026, FMDE charges 0.23% a year, yields 1.08% and holds $8.7B in assets across 429 positions.
| Measure | FMDE |
|---|---|
| Expense ratio | 0.23% |
| Dividend yield | 1.08% |
| Assets under management | $8.7B |
| Holdings | 429 |
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.
Cite this
ETF Copilot, “Fidelity Enhanced Mid Cap ETF (FMDE) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fmde
ETF Copilot Pro unlocks FMDE's price and what each holding weighs.
Try Pro free →