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TMSL vs FMDE

T. Rowe Price Small-Mid Cap ETF vs Fidelity Enhanced Mid Cap Core ETF

TMSL

T. Rowe Price Small-Mid Cap ETF

T. Rowe Price

Annual cost

0.55%

Fund size

$2.0B

FMDE

Fidelity Enhanced Mid Cap Core ETF

Fidelity Investments

Annual cost

0.23%

Fund size

$6.5B

Key differences

  • FMDE costs 0.32% less per year.
  • FMDE is significantly larger than TMSL — larger funds tend to be more liquid and less likely to close.
  • TMSL 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

TMSLFMDE
Annual cost (TER)0.55%0.23%
Fund size (AUM)$2.0B$6.5B
Since20232007
Dividend yield0.51%1.15%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingindex enhanced
CAGR 1Y+32.2%+20.4%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y17.29%13.71%
Max drawdown-24.39%-21.10%

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

Similar to TMSL and FMDE