FMDE - ETF AI Analysis
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Fidelity Enhanced Mid Cap ETF (FMDE)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, suggesting its strategy has recently worked well for investors.
Broad Sector Diversification
Holdings spread across technology, industrials, financials, consumer sectors, health care, and more help reduce the impact if any one industry struggles.
Solid Top Holdings Performance
Many of the largest positions, such as Marathon Petroleum, Keysight Technologies, and Humana, have shown strong or steady performance, supporting the fund’s overall results.
Negative Factors
Heavy U.S. Concentration
With almost all assets in U.S. companies, the fund offers limited geographic diversification and is highly tied to the U.S. market.
Exposure to Underperforming Holding
One of the top holdings, L3Harris Technologies, has shown weak recent performance, which can slightly drag on the ETF’s returns.
Moderate Expense Ratio
While not extremely high, the fund’s expense ratio is meaningful enough that fees can modestly reduce long-term returns compared with the very cheapest ETFs.
FMDE vs. SPDR S&P 500 ETF (SPY)
AUM8.19B
RegionNorth America
Expense Ratio0.23%
Beta0.90
IssuerFidelity
Inception DateNov 20, 2023
Dividend Yield1.03%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume757,740
30 Day Avg. Volume867,476
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
48.37Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering465
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMDE Summary
Fidelity Enhanced Mid Cap ETF (FMDE) focuses on mid-sized U.S. companies, aiming to blend growth and stability rather than tracking a specific index. It invests across many sectors, including technology, industrials, financials, and health care, giving you broad exposure to the middle tier of the stock market. Well-known holdings include Ford Motor and Allstate. Someone might invest in FMDE to diversify beyond large, familiar brands and tap into the growth potential of mid-size companies. A key risk is that the value of the ETF can rise or fall with the overall stock market.
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
FMDE leans into U.S. mid-cap strength, with industrials, energy, and financials doing much of the heavy lifting. Marathon Petroleum and Comfort Systems have been rising sharply this year, acting like twin engines for the fund, while Keysight Technologies adds another growth gear despite some recent choppiness. State Street and Allstate provide a steadier financial backbone, helping smooth out bumps from more mixed names like L3Harris and Kinder Morgan. Overall, the ETF is broadly diversified across sectors but clearly tilted toward U.S. industrial and energy momentum.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Marathon Petroleum | 1.04% | $85.87M | $100.60B | 111.10% | 66 Neutral | |
| Allstate | 0.97% | $79.48M | $64.36B | 23.51% | 74 Outperform | |
| Ford Motor | 0.91% | $74.52M | $55.79B | 22.74% | 71 Outperform | |
| Ametek | 0.87% | $71.88M | $54.81B | 28.14% | 79 Outperform | |
| State Street | 0.87% | $71.31M | $50.29B | 62.04% | 75 Outperform | |
| Kinder Morgan | 0.86% | $71.08M | $70.39B | 16.03% | 68 Neutral | |
| Keysight Technologies | 0.86% | $71.02M | $54.09B | 89.45% | 77 Outperform | |
| Snowflake | 0.86% | $70.95M | $111.36B | 69.09% | 54 Neutral | |
| L3Harris Technologies | 0.83% | $68.13M | $50.36B | -3.28% | 70 Neutral | |
| Nucor | 0.82% | $67.61M | $54.56B | 64.69% | 74 Outperform |
FMDE Technical Analysis
Positive
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Price Trends
41.01
Positive
39.68
Positive
38.05
Positive
Market Momentum
0.48
Positive
59.72
Neutral
28.65
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMDE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 42.00, equal to the 50-day MA of 41.01, and equal to the 200-day MA of 38.05, indicating a bullish trend. The MACD of 0.48 indicates Positive momentum. The RSI at 59.72 is Neutral, neither overbought nor oversold. The STOCH value of 28.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMDE.
FMDE Peer Comparison
Comparison Results
Performance Comparison
FMDE
Fidelity Enhanced Mid Cap ETF
42.39
7.13
20.22%
FELC
Fidelity Enhanced Large Cap Core ETF
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TCAF
T. Rowe Price Capital Appreciation Equity ETF
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DIVO
Amplify CWP Enhanced Dividend Income ETF
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FESM
Fidelity Enhanced Small Cap ETF
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GPIX
Goldman Sachs S&P 500 Core Premium 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.
DisclaimerThis 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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