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FMDE vs SPY

Comparison between FIDELITY ENHANCED MID CAP ETF (FMDE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

FMDE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FMDE
$7.80B
Winner
SPY
$795B
Expense Ratio
FMDE
0.23%
Winner
SPY
0.09%
Max Drawdown
Winner
FMDE
21.61%
SPY
56.47%
Sharpe Ratio
FMDE
1.03
Winner
SPY
1.21
5Y Beta
Winner
FMDE
0.90
SPY
1.00
P/E Ratio
Winner
FMDE
22.35
SPY
26.08
Forward P/E
Winner
FMDE
16.14
SPY
20.91
PEG Ratio
FMDE
N/A
SPY
0.37
5Y Dividends CAGR
FMDE
N/A
SPY
6.00%
5Y EPS CAGR
FMDE
15.98%
Winner
SPY
26.38%
Debt to Equity
FMDE
321.06%
Winner
SPY
45.86%
P/S Ratio
Winner
FMDE
1.81
SPY
3.75
P/B Ratio
Winner
FMDE
3.09
SPY
5.57

FMDE vs SPY - Holdings Comparison

FMDE and SPY have 188 common holdings. Overlap is 8.73%

FMDE's top 25 holdings weight is 20.14%. SPY's top 25 holdings weight is 51.61%.

RankFMDESPY
#1
n/a (n/a) - 1.38%
NVIDIA CORP (NVDA) - 7.90%
#2
FIDELITY CASH CENTRAL FUND (n/a) - 1.12%
APPLE INC (AAPL) - 6.79%
#3
MARATHON PETROLEUM CORP (MPC) - 1.04%
MICROSOFT CORP (MSFT) - 5.64%
#4
ALLSTATE CORP (ALL) - 0.97%
AMAZON.COM INC (AMZN) - 4.08%
#5
FORD MOTOR CO (F) - 0.91%
ALPHABET INC CLASS A (GOOGL) - 3.14%
#6
STATE STREET CORP (STT) - 0.87%
BROADCOM INC (AVGO) - 3.00%
#7
AMETEK INC (AME) - 0.87%
ALPHABET INC CLASS C (GOOG) - 2.52%
#8
KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.86%
META PLATFORMS INC CLASS A (META) - 1.96%
#9
SNOWFLAKE INC ORDINARY SHARES (SNOW) - 0.86%
ELI LILLY AND CO (LLY) - 1.46%
#10
KINDER MORGAN INC CLASS P (KMI) - 0.86%
MICRON TECHNOLOGY INC (MU) - 1.46%
#11
L3HARRIS TECHNOLOGIES INC (LHX) - 0.83%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.46%
#12
NUCOR CORP (NUE) - 0.82%
JPMORGAN CHASE & CO (JPM) - 1.45%
#13
COMFORT SYSTEMS USA INC (FIX) - 0.81%
TESLA INC (TSLA) - 1.40%
#14
VENTAS INC (VTR) - 0.81%
ADVANCED MICRO DEVICES INC (AMD) - 1.15%
#15
EXPEDIA GROUP INC (EXPE) - 0.80%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.99%
#16
HUMANA INC (HUM) - 0.79%
JOHNSON & JOHNSON (JNJ) - 0.94%
#17
MONGODB INC CLASS A (MDB) - 0.78%
VISA INC CLASS A (V) - 0.90%
#18
ILLUMINA INC (ILMN) - 0.76%
WALMART INC (WMT) - 0.74%
#19
NORTHERN TRUST CORP (NTRS) - 0.75%
CISCO SYSTEMS INC (CSCO) - 0.73%
#20
OCCIDENTAL PETROLEUM CORP (OXY) - 0.75%
INTEL CORP (INTC) - 0.69%
#21
HASBRO INC (HAS) - 0.50%
MASTERCARD INC CLASS A (MA) - 0.68%
#22
AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 0.50%
ABBVIE INC (ABBV) - 0.66%
#23
ATMOS ENERGY CORP (ATO) - 0.50%
COSTCO WHOLESALE CORP (COST) - 0.63%
#24
ZOOM COMMUNICATIONS INC (ZM) - 0.50%
APPLIED MATERIALS INC (AMAT) - 0.62%
#25
BRIXMOR PROPERTY GROUP INC (BRX) - 0.50%
BANK OF AMERICA CORP (BAC) - 0.62%
Total Holdings433505

FMDE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
FMDE
+2.16%
Winner
SPY
+3.85%
3M
Winner
FMDE
+6.61%
SPY
+2.21%
6M
FMDE
+11.29%
Winner
SPY
+12.75%
1Y
FMDE
+18.23%
Winner
SPY
+19.87%
5Y(CAGR)
FMDE
N/A
SPY
+12.82%
10Y(CAGR)
FMDE
N/A
SPY
+15.27%
Max(CAGR)
Winner
FMDE
+21.93%
SPY
+8.58%

FMDE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFMDESPY
2026+15.64%+13.21%
2025+12.33%+18.00%
2024+22.25%+25.59%
2023+8.91%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

FMDE vs SPY Drawdown Comparison

The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FMDE drawdown is -1.96%. The current SPY drawdown is -1.10%.

RankFMDESPY
#1-21.10%
Dec 4, 2024 - Jul 22, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-8.32%
Feb 26, 2026 - Apr 17, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-6.79%
Jul 16, 2024 - Aug 21, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-6.53%
Mar 27, 2024 - Jul 16, 2024		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-5.69%
Oct 27, 2025 - Nov 28, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-4.09%
Sep 18, 2025 - Oct 27, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-3.99%
Aug 30, 2024 - Sep 18, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-3.19%
Jun 4, 2026 - Jun 12, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-3.02%
Jan 15, 2026 - Feb 20, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-2.86%
Dec 28, 2023 - Jan 29, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-2.60%
May 6, 2026 - May 22, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-2.59%
Nov 11, 2024 - Nov 22, 2024		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-2.41%
Jul 25, 2025 - Aug 13, 2025		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.28%
Oct 18, 2024 - Nov 6, 2024		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-2.22%
Dec 11, 2025 - Jan 5, 2026		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FMDE and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99
-101

Dividend Comparison (1999 - 2026)

FMDE vs SPY dividend yield comparison.

YearFMDESPY
20260.50%0.48%
20251.23%1.07%
20241.11%1.21%
20230.10%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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