FMDE - ETF AI Analysis

Top Page

Fidelity Enhanced Mid Cap ETF (FMDE)

Rating:69Neutral

Price Target:―

FMDE, the Fidelity Enhanced Mid Cap ETF, has a solid overall rating driven by strong holdings like Comfort Systems USA and Ametek, which benefit from robust financial performance, growth, and supportive technical trends. Other key positions such as Allstate and State Street also add strength through solid earnings and strategic initiatives, though some holdings face valuation concerns, bearish technical signals, or cash flow challenges. The main risk factor is that several top holdings are viewed as relatively expensive or technically weak, which could increase volatility even though the underlying businesses are generally strong.

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)

AUM7.73B

RegionNorth America

Expense Ratio0.23%

Beta0.90

IssuerFidelity

Inception DateNov 20, 2023

Dividend Yield1.07%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume969,559

30 Day Avg. Volume858,226

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

47.61

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering447

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
MPC	Marathon Petroleum	1.06%	$82.27M	$89.35B	80.77%	66 Neutral
ALL	Allstate	1.05%	$82.06M	$70.13B	42.70%	74 Outperform
LHX	L3Harris Technologies	0.94%	$73.16M	$56.86B	8.54%	70 Neutral
F	Ford Motor	0.91%	$70.68M	$59.61B	40.57%	71 Outperform
NUE	Nucor	0.90%	$70.39M	$60.49B	79.10%	74 Outperform
AME	Ametek	0.89%	$69.55M	$55.34B	33.09%	79 Outperform
STT	State Street	0.88%	$68.31M	$50.53B	55.64%	75 Outperform
KMI	Kinder Morgan	0.88%	$68.27M	$70.39B	13.71%	68 Neutral
VTR	Ventas	0.87%	$68.18M	$48.83B	46.99%	68 Neutral
KEYS	Keysight Technologies	0.85%	$66.15M	$52.15B	77.09%	77 Outperform

FMDE Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

40.06

Positive

100DMA

38.65

Positive

200DMA

37.51

Positive

Market Momentum

MACD

RSI

STOCH

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 40.58, equal to the 50-day MA of 40.06, and equal to the 200-day MA of 37.51, indicating a bullish trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMDE.

FMDE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FMDE	―	―	$7.73B	0.23%	69 Neutral
FELC	―	―	$7.94B	0.18%	73 Outperform
TCAF	―	―	$7.93B	0.31%	70 Outperform
DIVO	―	―	$7.52B	0.56%	68 Neutral
FESM	―	―	$6.07B	0.28%	64 Neutral
AKRE	―	―	$5.33B	0.98%	69 Neutral

Performance Comparison

FMDE

Fidelity Enhanced Mid Cap ETF

41.07

7.10

20.90%

FELC

Fidelity Enhanced Large Cap Core ETF

―

TCAF

T. Rowe Price Capital Appreciation Equity ETF

―

DIVO

Amplify CWP Enhanced Dividend Income ETF

―

FESM

Fidelity Enhanced Small Cap ETF

―

AKRE

Akre Focus ETF

―

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: ―

Table of Contents