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FLRG vs FMDE

Fidelity U.S. Multifactor ETF vs Fidelity Enhanced Mid Cap Core ETF

FLRG

Fidelity U.S. Multifactor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$283M

FMDE

Fidelity Enhanced Mid Cap Core ETF

Fidelity Investments

Annual cost

0.23%

Fund size

$6.5B

Key differences

  • FLRG costs 0.08% less per year.
  • FMDE is significantly larger than FLRG — larger funds tend to be more liquid and less likely to close.
  • FLRG follows a index tracking strategy; FMDE uses index enhanced.
  • FMDE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FLRGFMDE
Annual cost (TER)0.15%0.23%
Fund size (AUM)$283M$6.5B
Since20202007
Dividend yield1.39%1.15%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingindex enhanced
CAGR 1Y+19.9%+20.4%
CAGR 3Y+19.4%N/A
CAGR 5Y+13.0%N/A
Sharpe 3Y1.13N/A
Volatility 1Y10.28%13.71%
Max drawdown-19.64%-21.10%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FLRG and FMDE