FMDE vs VYM
Fidelity Enhanced Mid Cap Core ETF vs Vanguard High Dividend Yield ETF
Which is better, FMDE or VYM?
Mid Cap Blend against Large Cap Value.
VYM has a lower expense ratio. FMDE led over 1Y, 3Y and the full window. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 25.8%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.23% | 0.04%Best |
| AUM | $8.1B | $78.9B |
| Dividend Yield | 1.07% | 2.37% |
| Holdings | 486 | 608 |
| YTD Return | +12.82%Best | +11.83% |
| 1Y Return | +16.39%Best | +15.96% |
| 3Y Return (annualized) | +19.84%Best | +18.60% |
| 5Y Return (annualized) | - | +11.51% |
| Volatility (annualized) | 13.2% | 10.7%Best |
| Max Drawdown | -21.1% | -14.5%Best |
| $10,000 over 2.9 years | $16,902Best | $16,364 |
| Top 10 Weight | 9.4%Best | 25.8% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
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 VYM 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 VYM Performance
Fidelity Enhanced Mid Cap Core ETF (FMDE) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FMDE returned +16.39% while VYM returned +15.96%. Year to date, FMDE is up 12.82% versus a gain of 11.83% for VYM.
Over three years, FMDE compounded at +19.84% per year against +18.60% for VYM.
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 10.7% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VYM charges 0.04%. On a $10,000 position that is $23 vs $4 annually, a gap of $19 per year that compounds over a long holding period. On income, FMDE currently yields 1.07% against 2.37% for VYM.
Holdings Overlap
38.0% of FMDE's money is in holdings VYM also owns. 19.4% of VYM's money is in holdings FMDE also owns.
The two portfolios partly overlap.
181 positions in common, counted across the 482 positions we hold weights for in FMDE and 602 in VYM, against full books of 486 and 608.
What only one of them owns
Our book lists 392 positions for VYM that do not appear in our book for FMDE (78.5% of the fund), and 247 for FMDE that do not appear in VYM (57.4%).
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 VYM | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 1.17% | 0.44% | 0.73% |
| ALLAllstate Corp/Thecommon Stock | 0.97% | 0.27% | 0.70% |
| NUENucor Corp. | 0.92% | 0.22% | 0.70% |
| STTState Street Corporation | 0.91% | 0.21% | 0.70% |
| FFord Motor Co | 0.90% | 0.22% | 0.68% |
| KMIKinder Morgan Inc | 0.83% | 0.25% | 0.58% |
| BMYBristol Myers Squibb Co | 0.50% | 0.55% | 0.05% |
| HUMHumana, Inc | 0.81% | 0.19% | 0.62% |
| SYYSysco Corp | 0.79% | 0.16% | 0.63% |
| OXYOccidental Petroleum Corp | 0.77% | 0.18% | 0.59% |
38.0% of FMDE is already inside VYM.
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 VYM?
FMDE has an expense ratio of 0.23% while VYM charges 0.04%. VYM is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, FMDE or VYM?
Over the past year FMDE returned +16.39% vs +15.96% for VYM, so FMDE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMDE or VYM?
FMDE has been the more volatile fund at 13.2% annualized versus 10.7% for VYM. Worst drawdown: FMDE -21.1% vs VYM -14.5%.
Should I hold both FMDE and VYM?
FMDE and VYM have a monthly-return correlation of 0.86, 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 VYM?
38.0% of FMDE's money is in holdings VYM also owns. 19.4% of VYM's is in holdings FMDE also owns. They hold 181 positions in common, counted across the 482 positions we hold weights for in FMDE and 602 in VYM.
Which pays a higher dividend, FMDE or VYM?
FMDE yields 1.07% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than FMDE?
VYM has a lower expense ratio. FMDE led over 1Y, 3Y and the full window. FMDE is less concentrated, with 9.4% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.