FLQM vs FMDE
Franklin US Mid Cap Multifactor Index ETF vs Fidelity Enhanced Mid Cap Core ETF
Which is better, FLQM or FMDE?
FMDE has been ahead.
FMDE has a lower expense ratio. FMDE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 11.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLQM | FMDE |
|---|---|---|
| Expense Ratio | 0.30% | 0.23%Best |
| AUM | $1.4B | $8.1B |
| Dividend Yield | 1.71% | 1.07% |
| Holdings | 210 | 486 |
| YTD Return | +4.87% | +12.82%Best |
| 1Y Return | +5.37% | +16.39%Best |
| 3Y Return (annualized) | +12.15% | +19.84%Best |
| 5Y Return (annualized) | +6.76% | - |
| Volatility (annualized) | 12.9%Best | 13.2% |
| Max Drawdown | -19.7%Best | -21.1% |
| $10,000 over 2.9 years | $13,726 | $16,902Best |
| Top 10 Weight | 11.5% | 9.4%Best |
| Fund Family | Franklin Templeton Investments (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Apr 26, 2017 | Nov 20, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
FLQM vs FMDE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
FLQM vs FMDE Performance
Franklin US Mid Cap Multifactor Index ETF (FLQM) is an ETF from Franklin Templeton Investments (US) and Fidelity Enhanced Mid Cap Core ETF (FMDE) is an ETF from Fidelity Investments (US). Over the past year FLQM returned +5.37% while FMDE returned +16.39%. Year to date, FLQM is up 4.87% versus a gain of 12.82% for FMDE.
Over three years, FLQM compounded at +12.15% per year against +19.84% for FMDE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMDE has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.9% for FLQM. 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 -19.7% for FLQM and -21.1% for FMDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLQM charges 0.30% per year while FMDE charges 0.23%. On a $10,000 position that is $30 vs $23 annually, a gap of $7 per year that compounds over a long holding period. On income, FLQM currently yields 1.71% against 1.07% for FMDE.
Holdings Overlap
66.6% of FLQM's money is in holdings FMDE also owns. 24.9% of FMDE's money is in holdings FLQM also owns.
The two portfolios partly overlap.
116 positions in common, counted across the 205 positions we hold weights for in FLQM and 482 in FMDE, against full books of 210 and 486.
What only one of them owns
Our book lists 299 positions for FMDE that do not appear in our book for FLQM (70.4% of the fund), and 83 for FLQM that do not appear in FMDE (31.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FLQM | Weight in FMDE | Difference |
|---|---|---|---|
| ALLAllstate Corp. | 1.08% | 0.97% | 0.11% |
| NTAPNetapp Inc | 1.29% | 0.74% | 0.55% |
| EXPEExpedia Inc | 1.16% | 0.69% | 0.47% |
| SYYSysco Corp | 1.01% | 0.79% | 0.22% |
| GRMNGarminltd. | 1.19% | 0.53% | 0.66% |
| FFIVF5 Networks Inc. | 1.00% | 0.69% | 0.31% |
| GWWWw Grainger Inc. | 1.03% | 0.60% | 0.43% |
| INCYIncyte Corporation Ltd. | 0.93% | 0.64% | 0.29% |
| VLTOVeralto Corp | 0.86% | 0.60% | 0.26% |
| FASTFastenal Co. | 1.14% | 0.28% | 0.86% |
66.6% of FLQM is already inside FMDE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLQM or FMDE?
FLQM has an expense ratio of 0.30% while FMDE charges 0.23%. FMDE is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, FLQM or FMDE?
Over the past year FLQM returned +5.37% vs +16.39% for FMDE, so FMDE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLQM or FMDE?
FMDE has been the more volatile fund at 13.2% annualized versus 12.9% for FLQM. Worst drawdown: FLQM -19.7% vs FMDE -21.1%.
Should I hold both FLQM and FMDE?
FLQM and FMDE have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FLQM and FMDE?
66.6% of FLQM's money is in holdings FMDE also owns. 24.9% of FMDE's is in holdings FLQM also owns. They hold 116 positions in common, counted across the 205 positions we hold weights for in FLQM and 482 in FMDE.
Which pays a higher dividend, FLQM or FMDE?
FLQM yields 1.71% while FMDE yields 1.07%, so FLQM currently pays the higher dividend yield.
Is FMDE better than FLQM?
FMDE has a lower expense ratio. FMDE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 11.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.