FMDE vs VTI
Fidelity Enhanced Mid Cap Core ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FMDE or VTI?
Mid Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 33.5%.
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 | FMDE | VTI |
|---|---|---|
| Expense Ratio | 0.23% | 0.03%Best |
| AUM | $8.1B | $689.2B |
| Dividend Yield | 1.07% | 1.06% |
| Holdings | 486 | 3,524 |
| YTD Return | +12.82% | +13.02%Best |
| 1Y Return | +16.39% | +16.63%Best |
| 3Y Return (annualized) | +19.84% | +21.97%Best |
| 5Y Return (annualized) | - | +11.99% |
| Volatility (annualized) | 13.2% | 11.9%Best |
| Max Drawdown | -21.1% | -19.3%Best |
| $10,000 over 2.9 years | $16,902 | $17,423Best |
| Top 10 Weight | 9.4%Best | 33.5% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | May 24, 2001 |
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).
FMDE vs VTI 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.
FMDE vs VTI Performance
Fidelity Enhanced Mid Cap Core ETF (FMDE) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FMDE returned +16.39% while VTI returned +16.63%. Year to date, FMDE is up 12.82% versus a gain of 13.02% for VTI.
Over three years, FMDE compounded at +19.84% per year against +21.97% for VTI.
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 11.9% for VTI. 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. 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 1.07% against 1.06% for VTI.
Holdings Overlap
94.9% of FMDE's money is in holdings VTI also owns. 15.9% of VTI's money is in holdings FMDE also owns.
Most of FMDE is already inside VTI. Owning both mostly buys the same companies twice.
461 positions in common, counted across the 482 positions we hold weights for in FMDE and 3,441 in VTI, against full books of 486 and 3,524.
What only one of them owns
Our book lists 716 positions for VTI that do not appear in our book for FMDE (81.7% of the fund), and 7 for FMDE that do not appear in VTI (1.6%).
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 VTI | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 1.17% | 0.15% | 1.02% |
| ALLAllstate Corp/Thecommon Stock | 0.97% | 0.09% | 0.88% |
| KEYSKeysight Technologies In | 0.94% | 0.07% | 0.87% |
| NUENucor Corp. | 0.92% | 0.08% | 0.84% |
| STTState Street Corporation | 0.91% | 0.07% | 0.84% |
| FFord Motor Co | 0.90% | 0.07% | 0.83% |
| AMEAmetek Inc | 0.89% | 0.07% | 0.82% |
| KMIKinder Morgan Inc | 0.83% | 0.08% | 0.75% |
| FIXComfort Systems U.s.a., Inc. | 0.82% | 0.07% | 0.75% |
| HUMHumana, Inc | 0.81% | 0.06% | 0.75% |
94.9% of FMDE is already inside VTI.
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 VTI?
FMDE has an expense ratio of 0.23% while VTI charges 0.03%. VTI is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, FMDE or VTI?
Over the past year FMDE returned +16.39% vs +16.63% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMDE or VTI?
FMDE has been the more volatile fund at 13.2% annualized versus 11.9% for VTI. Worst drawdown: FMDE -21.1% vs VTI -19.3%.
Should I hold both FMDE and VTI?
FMDE and VTI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMDE and VTI?
94.9% of FMDE's money is in holdings VTI also owns. 15.9% of VTI's is in holdings FMDE also owns. They hold 461 positions in common, counted across the 482 positions we hold weights for in FMDE and 3,441 in VTI.
Which pays a higher dividend, FMDE or VTI?
FMDE yields 1.07% while VTI yields 1.06%, so FMDE currently pays the higher dividend yield.
Is VTI better than FMDE?
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.