FMDE vs VTI
FMDE vs VTI
Fidelity Enhanced Mid Cap Core ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | FMDE | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.03% | |
| AUM | $7.4B | $663.5B | |
| Dividend Yield | 1.08% | 1.07% | |
| Holdings | 342 | 3,543 | |
| YTD Return | +13.98% | +11.83% | |
| 1Y Return | +20.31% | +21.79% | |
| 3Y Return (annualized) | - | +20.40% | |
| 5Y Return (annualized) | - | +11.96% | |
| Volatility (annualized) | 13.2% | 15.3% | |
| Max Drawdown | -21.1% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | May 24, 2001 |
FMDE vs VTI Performance
Fidelity Enhanced Mid Cap Core ETF (FMDE) is a ETF from Fidelity Investments (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FMDE returned +20.31% while VTI returned +21.79%. Year to date, FMDE is up 13.98% versus a gain of 11.83% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.2% for FMDE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.1% for FMDE and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMDE charges 0.23% per year while VTI charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, FMDE currently yields 1.08% against 1.07% for VTI.
Holdings Overlap
FMDE and VTI share 331 holdings out of 2870 unique holdings combined, representing a 10.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FMDE | Weight in VTI | Difference |
|---|---|---|---|
| TER | 1.14% | 0.10% | 1.04% |
| BK | 0.97% | 0.14% | 0.83% |
| HWM | 0.96% | 0.15% | 0.81% |
| KEYS | Pro | Pro | Pro |
| FIX | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| HUM | Pro | Pro | Pro |
| LHX | Pro | Pro | Pro |
| MPC | Pro | Pro | Pro |
| AME | Pro | Pro | Pro |
See all 10 holdings FMDE shares with VTI Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FMDE or VTI?
FMDE has an expense ratio of 0.23% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, FMDE or VTI?
Over the past year FMDE returned +20.31% vs +21.79% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), FMDE annualized +21.90% vs +8.06% for VTI. Past performance does not guarantee future results.
Which is riskier, FMDE or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 13.2% for FMDE. Worst drawdown: FMDE -21.1% vs VTI -56.6%.
Should I hold both FMDE and VTI?
FMDE and VTI have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMDE and VTI?
FMDE and VTI share 331 common holdings with a 10.1% weight overlap. Combined, they hold 2870 unique securities.
Which pays a higher dividend, FMDE or VTI?
FMDE yields 1.08% while VTI yields 1.07%, so FMDE currently pays the higher dividend yield.
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