FEMG vs IWP
Fidelity Enhanced Mid Cap Growth ETF vs iShares Russell Midcap Growth ETF
Which is better, FEMG or IWP?
FEMG and IWP are close on what we can measure.
IWP is less concentrated, with 22.2% of the fund in its ten largest positions against 22.7%.
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 | FEMG | IWP |
|---|---|---|
| Expense Ratio | 0.23%Tie | 0.23%Tie |
| AUM | $6M | $18.5B |
| Dividend Yield | 0.19% | 0.39% |
| Holdings | 346 | 551 |
| YTD Return | -0.31%Best | -4.50% |
| 1Y Return | - | -5.99% |
| 3Y Return (annualized) | - | +13.40% |
| 5Y Return (annualized) | - | +2.23% |
| Top 10 Weight | 22.7% | 22.2%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Apr 28, 2026 | Jul 17, 2001 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FEMG vs IWP 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FEMG vs IWP Performance
Fidelity Enhanced Mid Cap Growth ETF (FEMG) is an ETF from Fidelity Investments (US) and iShares Russell Midcap Growth ETF (IWP) is an ETF from iShares by BlackRock (US). Year to date, FEMG is down 0.31% versus a loss of 4.50% for IWP.
Past performance does not guarantee future results.
Fees and Cost Over Time
FEMG charges 0.23% per year while IWP charges 0.23%. On a $10,000 position that is $23 vs $23 annually. On income, FEMG currently yields 0.19% against 0.39% for IWP.
Holdings Overlap
90.7% of FEMG's money is in holdings IWP also owns. 84.0% of IWP's money is in holdings FEMG also owns.
Most of FEMG is already inside IWP. Owning both mostly buys the same companies twice.
143 positions in common, counted across the 169 positions we hold weights for in FEMG and 271 in IWP, against full books of 346 and 551.
What only one of them owns
Our book lists 113 positions for IWP that do not appear in our book for FEMG (13.6% of the fund), and 21 for FEMG that do not appear in IWP (6.4%).
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 FEMG | Weight in IWP | Difference |
|---|---|---|---|
| SNOWSnowflake Inc | 3.44% | 3.30% | 0.14% |
| NETCloudflare Inc (180 Day Lockup) | 3.16% | 3.05% | 0.11% |
| DDOGDatadog Inc. Class A | 2.91% | 2.60% | 0.31% |
| MPCMarathon Petroleum Corp. | 2.20% | 2.14% | 0.06% |
| LITELumentum Holdings Inc | 1.72% | 2.04% | 0.32% |
| VSTVistra Energy Corp. | 2.06% | 1.50% | 0.56% |
| FIXComfort Systems USA Inc. | 1.92% | 1.58% | 0.34% |
| TRGPTarga Resources Corp Preferred | 1.65% | 1.82% | 0.17% |
| FASTFastenal Co | 1.95% | 1.44% | 0.51% |
| SPGSimon Property Group Inc | 1.50% | 1.87% | 0.37% |
90.7% of FEMG is already inside IWP.
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, FEMG or IWP?
FEMG has an expense ratio of 0.23% while IWP charges 0.23%. At the precision these are quoted to, they cost the same.
What is the holdings overlap between FEMG and IWP?
90.7% of FEMG's money is in holdings IWP also owns. 84.0% of IWP's is in holdings FEMG also owns. They hold 143 positions in common, counted across the 169 positions we hold weights for in FEMG and 271 in IWP.
Which pays a higher dividend, FEMG or IWP?
FEMG yields 0.19% while IWP yields 0.39%, so IWP currently pays the higher dividend yield.
Is IWP better than FEMG?
IWP is less concentrated, with 22.2% of the fund in its ten largest positions against 22.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.