FMDE - ETF AI Analysis
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Fidelity Enhanced Mid Cap ETF (FMDE)
FMDE, the Fidelity Enhanced Mid Cap ETF, earns a solid overall rating largely because many of its key holdings show strong business performance and growth prospects. Standouts like Comfort Systems USA, Ametek, and Keysight Technologies contribute positively through robust earnings, strategic acquisitions, and generally supportive technical trends, while names like Snowflake add long-term growth potential but face challenges around profitability and valuation that slightly weigh on the fund. The main risk factor is that several holdings are described as having valuation or cash flow concerns, which could increase volatility if market conditions worsen.
FMDE vs. SPDR S&P 500 ETF (SPY)
- AUM
- 8.63B
- Region
- North America
- Expense Ratio
- 0.23%
- Beta
- 0.89
- Issuer
- Fidelity
- Inception Date
- Nov 20, 2023
- Dividend Yield
- 1.04%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
FMDE Summary
Fidelity Enhanced Mid Cap ETF (FMDE) is an exchange-traded fund that focuses on mid-sized U.S. companies, aiming to blend growth potential with some stability. It doesn’t track a specific index, but instead follows a mid-cap theme across many sectors like technology, industrials, health care, and financials. Well-known holdings include Marathon Petroleum and Allstate. Investors might consider FMDE for diversified exposure to mid-sized companies that may have room to grow more than many large, established firms. A key risk is that mid-cap stocks can be more volatile than large caps, so the value of the ETF can go up and down with the market.
How much will it cost me?
FMDE has an expense ratio of 0.23%, which means you’ll pay about $2.30 per year for every $1,000 invested. This cost is slightly higher than many basic index ETFs because FMDE uses an enhanced, partly active strategy rather than being purely passively managed.
What would affect this ETF?
FMDE focuses on U.S. mid-sized companies, with big exposure to technology, industrials, health care, and energy, so it could benefit if the U.S. economy grows steadily, innovation spending stays strong, and energy prices or demand support firms like Marathon Petroleum and Occidental. On the downside, higher interest rates, an economic slowdown that hurts cyclical areas like Ford and other industrial names, or sector-specific issues in tech, health care, or financials could weigh on the fund’s future performance.
FMDE Top 10 Holdings
FMDE leans into a U.S. mid-cap mix with a noticeable tilt toward industrials, energy, and financials, and that’s where much of the action is. Marathon Petroleum and Occidental are powering ahead, giving the fund a solid energy engine, while Nucor’s steady climb adds industrial muscle. On the flip side, Snowflake has been mixed and occasionally lagging, showing that growth stories can wobble, and Ford has been losing steam, weighing on returns. Overall, performance is driven by a handful of rising cyclical names rather than a Big Tech or semiconductor story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 MPC | Marathon Petroleum | 1.31% | $113.27M | $124.89B | 120.81% | 66Neutral |
 ALL | Allstate | 1.05% | $90.49M | $65.71B | 37.84% | 74Outperform |
 SNOW | Snowflake | 0.94% | $81.20M | $107.99B | 5.75% | 54Neutral |
 NUE | Nucor | 0.97% | $83.44M | $62.13B | 85.04% | 74Outperform |
 LHX | L3Harris Technologies | 0.96% | $82.67M | $51.69B | -3.51% | 70Neutral |
 AME | Ametek | 0.88% | $76.26M | $55.28B | 19.69% | 79Outperform |
 KEYS | Keysight Technologies | 0.81% | $69.72M | $52.30B | 63.39% | 77Outperform |
 OXY | Occidental Petroleum | 0.87% | $75.35M | $63.98B | 47.38% | 67Neutral |
 F | Ford Motor | 0.82% | $71.17M | $48.85B | -4.04% | 71Outperform |
 STT | State Street | 0.80% | $68.98M | $46.19B | 46.39% | 75Outperform |
FMDE Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMDE, the sentiment is Positive. The current price of 41.64 is above the 20-day moving average (MA) of 41.45, above the 50-day MA of 41.36, and above the 200-day MA of 39.29, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 53.13 is Neutral, neither overbought nor oversold. The STOCH value of 65.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMDE.
FMDE Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| FMDE | $41.64 | $45.00(8.07% Upside) | $8.63B | 0.23% | 69Neutral |
 FELC | $42.53 | $52.30(22.96% Upside) | $8.73B | 0.18% | 73Outperform |
 TCAF | $42.63 | $53.34(25.12% Upside) | $8.02B | 0.31% | 69Neutral |
 DIVO | $47.35 | $53.33(12.63% Upside) | $8.01B | 0.56% | 62Neutral |
 FESM | $45.48 | $59.37(30.55% Upside) | $6.76B | 0.28% | 64Neutral |
 GPIQ | $53.11 | $69.92(31.66% Upside) | $6.44B | 0.29% | 73Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FMDE | Fidelity Enhanced Mid Cap ETF | 41.64 | 6.38 | 18.10% | |
| FELC | Fidelity Enhanced Large Cap Core ETF | 42.53 | 5.10 | 13.64% | |
| TCAF | T. Rowe Price Capital Appreciation Equity ETF | 42.63 | 4.32 | 11.28% | |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | 47.35 | 5.42 | 12.92% | |
| FESM | Fidelity Enhanced Small Cap ETF | 45.48 | 8.86 | 24.21% | |
| GPIQ | Goldman Sachs Nasdaq 100 Core Premium Income ETF | 53.11 | 5.13 | 10.69% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.