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FMDE vs FLRG

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

FMDE

Fidelity Enhanced Mid Cap Core ETF

Fidelity Investments

Annual cost

0.23%

Fund size

$6.5B

FLRG

Fidelity U.S. Multifactor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$283M

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.
  • FMDE follows a index enhanced strategy; FLRG uses index tracking.
  • FMDE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMDEFLRG
Annual cost (TER)0.23%0.15%
Fund size (AUM)$6.5B$283M
Since20072020
Dividend yield1.15%1.39%
Asset classequityequity
Regionnorth americanorth america
Strategyindex enhancedindex tracking
CAGR 1Y+20.4%+19.9%
CAGR 3YN/A+19.4%
CAGR 5YN/A+13.0%
Sharpe 3YN/A1.13
Volatility 1Y13.71%10.28%
Max drawdown-21.10%-19.64%

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

Similar to FMDE and FLRG