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FMDE - ETF AI Analysis
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Fidelity Enhanced Mid Cap ETF (FMDE)
Rating:69Neutral
Price Target:
$40.00
Positive Factors
Strong Top Holdings
Several top holdings, such as Roblox and Western Digital, have delivered strong year-to-date performance, supporting the ETF's overall returns.
Sector Diversification
The ETF is spread across 11 sectors, including Industrials, Technology, and Consumer Cyclical, reducing reliance on any single industry.
Low Expense Ratio
With an expense ratio of 0.23%, this ETF is cost-efficient compared to many actively managed funds.
Negative Factors
High Geographic Concentration
The ETF is heavily concentrated in U.S. companies, with over 98% exposure, limiting global diversification.
Mixed Holding Performance
While some holdings have performed well, others like Digital Realty have lagged, potentially dragging down returns.
Market Sensitivity
The ETF's focus on mid-cap stocks and cyclical sectors like Industrials and Consumer Cyclical makes it more sensitive to economic fluctuations.
FMDE vs. SPDR S&P 500 ETF (SPY)
AUM4.18B
RegionNorth America
Expense Ratio0.23%
Beta0.95
IssuerFidelity
Inception DateNov 20, 2023
Dividend Yield1.25%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume537,300
30 Day Avg. Volume618,952
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
41.65Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering348
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMDE Summary
The Fidelity Enhanced Mid Cap ETF (FMDE) is an investment fund that focuses on mid-sized companies, which are larger than small-cap businesses but still have room to grow. It includes companies from various industries like technology, healthcare, and financials, offering a balanced mix of growth and stability. Some well-known companies in this ETF are Roblox and Bank of New York Mellon. Investors might consider FMDE for its potential to capture growth from emerging companies while diversifying across sectors. However, new investors should be aware that the fund’s performance can fluctuate with the overall market, especially since it heavily focuses on U.S.-based companies.
How much will it cost me?The Fidelity Enhanced Mid Cap ETF (FMDE) has an expense ratio of 0.23%, which means you’ll pay $2.30 per year for every $1,000 invested. This cost is slightly higher than average for ETFs because it uses a mix of active and passive management to enhance returns.
What would affect this ETF?The Fidelity Enhanced Mid Cap ETF (FMDE) could benefit from economic growth and innovation in sectors like technology and industrials, which make up a significant portion of its holdings. However, it may face challenges from rising interest rates, which could impact financial and real estate sectors, or economic slowdowns that affect consumer spending and cyclical industries. Its focus on U.S. mid-cap companies provides growth potential but also exposes it to domestic economic and regulatory risks.
FMDE Top 10 Holdings
The Fidelity Enhanced Mid Cap ETF (FMDE) leans heavily into Industrials and Technology, with names like Howmet Aerospace and Western Digital driving recent gains thanks to strong financial performance and strategic growth initiatives. Electronic Arts has also been a bright spot, riding bullish momentum from new game launches. However, Digital Realty and Allstate have been lagging, weighed down by valuation concerns and mixed technical signals. With its U.S.-focused portfolio, FMDE offers a dynamic mix of rising stars and steady players, though its sector concentration could amplify risks if market conditions shift.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Howmet Aerospace | 1.19% | $49.59M | $81.74B | 76.97% | 77 Outperform | |
| Bank of New York Mellon | 1.17% | $48.94M | $77.04B | 35.75% | 78 Outperform | |
| Marathon Petroleum | 1.04% | $43.66M | $60.11B | 22.54% | 70 Outperform | |
| Allstate | 0.96% | $40.29M | $56.08B | 4.62% | 77 Outperform | |
| Western Digital | 0.96% | $40.27M | $53.96B | 151.55% | 80 Outperform | |
| Ford Motor | 0.95% | $39.90M | $52.56B | 14.90% | 74 Outperform | |
| Cardinal Health | 0.94% | $39.30M | $48.79B | 71.77% | 65 Neutral | |
| Electronic Arts | 0.94% | $39.27M | $50.15B | 22.41% | 68 Neutral | |
| Kinder Morgan | 0.93% | $38.68M | $61.00B | -2.30% | 68 Neutral | |
| Roblox | 0.89% | $37.25M | $71.79B | 101.62% | 48 Neutral |
FMDE Technical Analysis
Negative
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Price Trends
35.89
Negative
35.43
Negative
33.78
Positive
Market Momentum
-0.09
Positive
40.14
Neutral
24.23
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMDE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 35.76, equal to the 50-day MA of 35.89, and equal to the 200-day MA of 33.78, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 40.14 is Neutral, neither overbought nor oversold. The STOCH value of 24.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMDE.
FMDE Peer Comparison
Comparison Results
Performance Comparison
FMDE
Fidelity Enhanced Mid Cap ETF
34.95
1.42
4.24%
DUHP
Dimensional US High Profitability ETF
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AVUS
Avantis U.S. Equity ETF
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DFAU
Dimensional US Core Equity Market ETF
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CGUS
Capital Group Core Equity ETF
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QQQI
NEOS Nasdaq 100 High Income ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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.Date of analysis: ―
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