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
$6.50B
Winner
SPY
$735B
Expense Ratio
FMDE
0.23%
Winner
SPY
0.09%
Max Drawdown
Winner
FMDE
21.61%
SPY
56.47%
Sharpe Ratio
FMDE
1.25
Winner
SPY
1.98
5Y Beta
Winner
FMDE
0.91
SPY
1.00
P/E Ratio
Winner
FMDE
25.90
SPY
28.99
Forward P/E
Winner
FMDE
16.96
SPY
22.43
PEG Ratio
FMDE
0.36
SPY
N/A
5Y Dividends CAGR
FMDE
N/A
SPY
5.43%
5Y EPS CAGR
FMDE
19.56%
Winner
SPY
26.05%
Debt to Equity
FMDE
56.86%
Winner
SPY
32.40%
P/S Ratio
Winner
FMDE
1.69
SPY
3.74
P/B Ratio
Winner
FMDE
3.29
SPY
5.61
FMDE vs SPY - Holdings Comparison
FMDE and SPY have 159 common holdings. Overlap is 8.77%
FMDE's top 25 holdings weight is 22.63%. SPY's top 25 holdings weight is 52.37%.
| Rank | FMDE | SPY |
|---|---|---|
| #1 | WESTERN DIGITAL CORP (WDC) - 1.79% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | HOWMET AEROSPACE INC (HWM) - 1.25% | APPLE INC (AAPL) - 7.02% |
| #3 | BANK OF NEW YORK MELLON CORP (BNY) - 1.25% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.23% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | CIENA CORP (CIEN) - 1.04% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | MARATHON PETROLEUM CORP (MPC) - 1.04% | BROADCOM INC (AVGO) - 3.10% |
| #7 | FORD MOTOR CO (F) - 0.99% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | COMFORT SYSTEMS USA INC (FIX) - 0.96% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.95% | TESLA INC (TSLA) - 1.89% |
| #10 | KINDER MORGAN INC CLASS P (KMI) - 0.95% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | TERADYNE INC (TER) - 0.95% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | AMETEK INC (AME) - 0.88% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | STATE STREET CORP (STT) - 0.86% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | ROSS STORES INC (ROST) - 0.86% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | CORTEVA INC (CTVA) - 0.86% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | ALLSTATE CORP (ALL) - 0.86% | INTEL CORP (INTC) - 0.90% |
| #17 | NUCOR CORP (NUE) - 0.84% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | ELECTRONIC ARTS INC (EA) - 0.82% | VISA INC CLASS A (V) - 0.85% |
| #19 | CARDINAL HEALTH INC (CAH) - 0.82% | WALMART INC (WMT) - 0.81% |
| #20 | L3HARRIS TECHNOLOGIES INC (LHX) - 0.76% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | MAPLEBEAR INC (CART) - 0.54% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | ZOOM COMMUNICATIONS INC (ZM) - 0.54% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | FORTINET INC (FTNT) - 0.54% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | HASBRO INC (HAS) - 0.53% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | ALNYLAM PHARMACEUTICALS INC (ALNY) - 0.52% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 350 | 505 |
FMDE vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FMDE
+3.66%
Winner
SPY
+5.26%
3M
FMDE
+5.15%
Winner
SPY
+10.82%
6M
FMDE
+10.87%
Winner
SPY
+12.14%
1Y
FMDE
+21.14%
Winner
SPY
+29.45%
5Y(CAGR)
FMDE
N/A
SPY
+14.12%
10Y(CAGR)
FMDE
N/A
SPY
+15.57%
Max(CAGR)
Winner
FMDE
+21.51%
SPY
+8.59%
FMDE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FMDE | SPY |
|---|---|---|
| 2026 | +9.28% | +11.34% |
| 2025 | +12.33% | +18.00% |
| 2024 | +22.25% | +25.59% |
| 2023 | +8.91% | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/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.
| Rank | FMDE | SPY |
|---|---|---|
| #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 | -3.02% Jan 15, 2026 - Feb 20, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.86% Dec 28, 2023 - Jan 29, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.60% May 6, 2026 - May 22, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.59% Nov 11, 2024 - Nov 22, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.41% Jul 25, 2025 - Aug 13, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.28% Oct 18, 2024 - Nov 6, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.22% Dec 11, 2025 - Jan 5, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.04% Apr 20, 2026 - May 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.
| Year | FMDE | SPY |
|---|---|---|
| 2026 | 0.27% | 0.24% |
| 2025 | 1.23% | 1.07% |
| 2024 | 1.11% | 1.21% |
| 2023 | 0.10% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: FMDE vs SPY
More Comparisons
Compare with similar stocks