FMDE vs MCDS
Fidelity Enhanced Mid Cap Core ETF vs JPMorgan Fundamental Data Science Mid Core ETF
Which is better, FMDE or MCDS?
Nearly the same fund. FMDE costs less.
FMDE has a lower expense ratio. FMDE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 14.3%.
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 | FMDE | MCDS |
|---|---|---|
| Expense Ratio | 0.23%Best | 0.35% |
| AUM | $8.1B | $8M |
| Dividend Yield | 1.07% | 1.05% |
| Holdings | 486 | 208 |
| YTD Return | +12.82%Best | +12.25% |
| 1Y Return | +16.39%Best | +15.68% |
| 3Y Return (annualized) | +19.84% | - |
| Volatility (annualized) | 13.0% | 12.9%Best |
| Max Drawdown | -21.1%Best | -22.5% |
| $10,000 over 2.2 years | $14,328Best | $13,279 |
| Top 10 Weight | 9.4%Best | 14.3% |
| Fund Family | Fidelity Investments (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Nov 20, 2023 | Aug 7, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 8, 2024 to Oct 14, 2026 (2.2 years).
FMDE vs MCDS 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 2.2 years both funds cover.
FMDE vs MCDS Performance
Fidelity Enhanced Mid Cap Core ETF (FMDE) is an ETF from Fidelity Investments (US) and JPMorgan Fundamental Data Science Mid Core ETF (MCDS) is an ETF from J.P. Morgan Asset Management. Over the past year FMDE returned +16.39% while MCDS returned +15.68%. Year to date, FMDE is up 12.82% versus a gain of 12.25% for MCDS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMDE has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 12.9% for MCDS. 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 -22.5% for MCDS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMDE charges 0.23% per year while MCDS charges 0.35%. On a $10,000 position that is $23 vs $35 annually, a gap of $12 per year that compounds over a long holding period. On income, FMDE currently yields 1.07% against 1.05% for MCDS.
Holdings Overlap
34.5% of FMDE's money is in holdings MCDS also owns. 64.5% of MCDS's money is in holdings FMDE also owns.
The two portfolios partly overlap.
125 positions in common, counted across the 482 positions we hold weights for in FMDE and 204 in MCDS, against full books of 486 and 208.
What only one of them owns
Our book lists 75 positions for MCDS that do not appear in our book for FMDE (34.2% of the fund), and 291 for FMDE that do not appear in MCDS (62.6%).
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 FMDE | Weight in MCDS | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 1.17% | 1.72% | 0.55% |
| STTState Street Corp. | 0.91% | 1.20% | 0.29% |
| SNOW:MBSnowman Logistics Ltd | 1.01% | 1.08% | 0.07% |
| HPEHewlett Packard Enterprise Co. | 0.63% | 1.31% | 0.68% |
| CAHCardinal Health Inc. | 0.67% | 1.15% | 0.48% |
| AMEAmetek Inc. | 0.89% | 0.86% | 0.03% |
| HUMHumana Inc. | 0.81% | 0.81% | 0.00% |
| VTRVentas, Inc. | 0.81% | 0.77% | 0.04% |
| WABWestinghouse Air Brake Technologies Corp. | 0.45% | 1.11% | 0.66% |
| FIXComfort Systems USA Inc. | 0.82% | 0.73% | 0.09% |
64.5% of MCDS 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, FMDE or MCDS?
FMDE has an expense ratio of 0.23% while MCDS charges 0.35%. FMDE is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FMDE or MCDS?
Over the past year FMDE returned +16.39% vs +15.68% for MCDS, so FMDE leads on 1-year performance. Over the longest common window we track (2 years), FMDE annualized +17.76% vs +13.76% for MCDS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMDE or MCDS?
FMDE has been the more volatile fund at 13.0% annualized versus 12.9% for MCDS. Worst drawdown: FMDE -21.1% vs MCDS -22.5%.
Should I hold both FMDE and MCDS?
FMDE and MCDS have a monthly-return correlation of 0.97, 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 FMDE and MCDS?
64.5% of MCDS's money is in holdings FMDE also owns. 64.5% of MCDS's is in holdings FMDE also owns. They hold 125 positions in common, counted across the 482 positions we hold weights for in FMDE and 204 in MCDS.
Which pays a higher dividend, FMDE or MCDS?
FMDE yields 1.07% while MCDS yields 1.05%, so FMDE currently pays the higher dividend yield.
Is MCDS better than FMDE?
FMDE has a lower expense ratio. FMDE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 14.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.