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FMDE vs IWR

Fidelity Enhanced Mid Cap Core ETF vs iShares Russell Mid-Cap ETF

FMDE

Fidelity Enhanced Mid Cap Core ETF

Fidelity Investments

Annual cost

0.23%

Fund size

$6.5B

IWR

iShares Russell Mid-Cap ETF

iShares

Annual cost

0.18%

Fund size

$52.6B

Key differences

  • IWR costs 0.05% less per year.
  • IWR is significantly larger than FMDE — larger funds tend to be more liquid and less likely to close.
  • FMDE follows a index enhanced strategy; IWR uses index tracking.
  • IWR has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMDEIWR
Annual cost (TER)0.23%0.18%
Fund size (AUM)$6.5B$52.6B
Since20072001
Dividend yield1.15%1.19%
Asset classequityequity
Regionnorth americanorth america
Strategyindex enhancedindex tracking
CAGR 1Y+20.4%+21.8%
CAGR 3YN/A+17.2%
CAGR 5YN/A+8.1%
Sharpe 3YN/A0.86
Volatility 1Y13.71%13.50%
Max drawdown-21.10%-40.59%

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

Similar to FMDE and IWR