EPMB vs FEMV: Grades, Fees and Holdings Compared

Harbor Mid Cap Core ETF (EPMB)

EPMBDNYSE Arca

Fidelity Enhanced Mid Cap Value ETF

FEMVANYSE Arca

Overlap

7.7%by weight

Expense ratio

FEMV −0.65pt a year

EPMB0.88%FEMV0.23%

Avg volume · 30D

FEMV 11.5×the volume

EPMB130FEMV1.5K

EPMB vs FEMV Performance

Jul 31, 2026 – Nov 2, 2026

+1.3%EPMB+2.4%FEMV

Expense ratio: EPMB 0.88%; FEMV 0.23%, better
Fund size: EPMB $5M; FEMV $7M
1Y total return: EPMB +20.8%; FEMV No data
Holdings: EPMB 60; FEMV 270
Avg volume (30D): EPMB 130 sh; FEMV 1.5K sh, better
NAV per share: EPMB $26.45; FEMV $27.59
52W range

ETF.net Grade

Pillar letters and Scores for EPMB, FEMV, with each pillar’s weight
Pillar	EPMB	FEMV
Cost30% weight	F4	A97Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A70	A93Higher
Tradability15% weight	D35	C47Higher
Holdings10% weight	C46	A82Higher
Durability5% weight	C44Higher	D35

Rank among US Active Small/Mid-Cap funds

How we build Categories ›

Same Category. EPMB and FEMV are both graded against the same 47 US Active Small/Mid-Cap funds, so their Grades compare head to head.

US Active Small/Mid-Cap⁠

Category · 47 funds

See all 47 ›

FEMV ranks 2nd and EPMB 36th of 47 funds in the US Active Small/Mid-Cap Category.

Rank 1AAVMCAvantis U.S. Mid Cap Equity ETFScore 89
Rank 2AFEMVFidelity Enhanced Mid Cap Value ETFScore 79
Rank 3ADFMCU.S. Micro Cap Portfolio ETFScore 76
Rank 35DWSMDWasatch Small/Mid Cap ETFScore 32
Rank 36DEPMBHarbor Mid Cap Core ETF (EPMB)Score 31
Rank 36DRSMCRockefeller U.S. Small-Mid Cap ETFScore 31

Our read on each fund

ETF.net Research

EPMBDHarbor Mid Cap Core ETF (EPMB)

FEMVAFidelity Enhanced Mid Cap Value ETF

In short

EPMB No data

FEMV Active mid-cap value, priced like an index fund. FEMV hunts capital appreciation in the Russell Midcap Value corner of the US market for 0.23% a year, a fraction of the typical active US equity ETF fee.

Stated mandate

EPMB No data

FEMV The fund seeks capital appreciation and targets the U.S. mid-cap value segment of the equity market.

Why people hold it

EPMB No data

FEMV 0.23% a year, well under the going rate for active US equity ETFs. At that price, cost stops being the argument against going active.
The mandate is stated plainly: US mid-cap value, measured against the Russell Midcap Value index, aiming at capital appreciation. Little guesswork about what you own.fidelity.com
The portfolio mix and risk profile screen well against other active US stock ETFs, with no leverage, derivatives quirks or unusual wrapper features flagged in the structure.
Part of Fidelity's Enhanced lineup, whose large-cap sibling FELC (0.18%) ranks among the strongest active US equity funds in the peer group.

Worth knowing

EPMB No data

FEMV Launched in 2026, so there is no long record to lean on and the risk read rests on a short history.
A small asset base and thin trading volume are the trade-off for being early. Spreads can run wider than at a mega-fund, especially in fast markets.
Distributions land once or twice a year, not monthly. This is a growth-of-capital mandate, not an income schedule.

Full EPMB profile⁠

Full FEMV profile⁠

EPMB vs FEMV Holdings

How EPMB and FEMV differ

Overlap by weight

7.7%

Shared holdings make up 35.0% of EPMB and 7.7% of FEMV.

Level by level

Holdings19 in both7.7%
Countryby domicile98.9%
Asset classEquity100%

Sector

No Sector split for FEMV.

Country, concentration and asset class

Country by domicile

Country weights in EPMB and FEMV, widest gap first
Country	More in EPMBMore in FEMV	EPMB	FEMV
United States	EPMB +1.1 points	100.0%	98.9%
United Kingdom	FEMV +0.6 points	0.0%	0.6%
Other countries (4)	FEMV +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

EPMB24.6%
FEMV10.4%

Securities held

EPMB60
FEMV267

Asset class

EPMB: Equity
FEMV: Equity

Holdings

Only in EPMB41
In both19
Only in FEMV248

Only in EPMB

41 securities, 65.0% of EPMB by weight

Entegris Inc3.19%
Reinsurance Group of America2.44%
Masco Corp2.18%
Republic Services Inc2.16%
Arrow Electronics Inc2.15%
Cbre Group Inc - A2.04%
Csx Corp1.98%
Ulta Beauty Inc1.97%
Scotts Miracle-Gro Co1.90%
Hexcel Corp1.87%
Darden Restaurants Inc1.82%
Applied Materials Inc1.82%
Dover Corp1.75%
Synopsys Inc1.71%
Snap-On Inc1.70%
Raymond James Financial Inc1.69%
East West Bancorp Inc1.67%
Cencora Inc1.65%
Emcor Group Inc1.65%
Wec Energy Group Inc1.64%
Wintrust Financial Corp1.63%
Qiagen N.v.1.62%
Houlihan Lokey Inc1.61%
Intercontinental Exchange In1.61%
Vertiv Holdings Co-A1.53%
Stifel Financial Corp1.50%
General Dynamics Corp1.48%
Gatx Corp1.46%
Akamai Technologies Inc1.36%
Tjx Companies Inc1.19%
On Semiconductor1.18%
Murphy Oil Corp1.14%
Eastman Chemical Co1.12%
Global Payments Inc1.12%
Bxp Inc1.09%
Slb Ltd0.99%
Progressive Corp0.97%
Broadridge Financial Solutio0.91%
Sba Communications Corp0.89%
Helmerich & Payne0.85%
Americold Realty Trust Inc0.78%

Only in FEMV

248 securities, 91.8% of FEMV by weight

Allstate Corporation1.19%
Marathon Petroleum Corp1.12%
Nucor Corp1.11%
Kinder Morgan Inc1.06%
L3HARRIS Technologies Inc1.04%
Phillips 661.01%
Ametek Inc New1.00%
Occidental Petroleum Corp0.97%
Ford Motor Co0.96%
Consolidated Edison Inc0.95%
Hewlett Packard Enterprise Co0.94%
Digital Realty Trust Inc0.94%
Westinghouse Air Brake Tec Crp0.93%
Ebay Inc0.91%
Ge Healthcare Technologies Inc0.91%
State Street Corp0.90%
Cboe Global Markets Inc0.89%
Block Inc Class A0.87%
Ventas Inc Reit0.85%
Hartford Insurance Grp Inc/The0.84%
Vylor Inc0.83%
Illumina Inc0.80%
Atmos Energy Corp0.78%
Willis Towers Watson PLC0.78%
Northern Trust Corp0.77%
Ppl Corporation0.77%
Reliance Inc0.75%
Vici Pptys Inc0.73%
Veeva Sys Inc Class A0.73%
Adt Inc0.72%
Allegion PLC0.72%
Veralto Corp0.71%
Baker Hughes Co0.70%
Pultegroup Inc0.70%
Citizens Financial Group Inc0.69%
Humana Inc0.67%
Docusign Inc0.67%
Halliburton Co0.67%
Tradeweb Markets Inc A0.67%
Tenet Healthcare Corp0.65%
Technipfmc PLC0.63%
Dupont De Nemours Inc0.63%
Loews Corp0.62%
American Finl Group Inc Ohio0.62%
Wesco International Inc0.62%
Td Synnex Corp0.61%
Qnity Electronics Inc0.61%
Toro Co0.61%
PG&E Corp0.61%
Dollar Tree Inc0.61%

Weight gaps

All 19 Holdings in both funds, largest gap first.

Holding weights in EPMB and FEMV, widest gap first
Holding	More in EPMBMore in FEMV	EPMB	FEMV
Woodward IncWWD	EPMB +2.52 points	2.64%	0.12%
Keysight Technologies InKEYS	EPMB +2.40 points	3.04%	0.64%
Labcorp Holdings IncLH	EPMB +1.73 points	1.98%	0.25%
Renaissancere Holdings LtdRNR	EPMB +1.73 points	2.04%	0.31%
Cummins IncCMI	EPMB +1.72 points	2.10%	0.38%
Iqvia Holdings IncIQV	EPMB +1.68 points	2.62%	0.94%
Ross Stores IncROST	EPMB +1.61 points	2.09%	0.48%
Skyworks Solutions IncSWKS	EPMB +1.51 points	1.68%	0.17%
Twilio Inc - ATWLO	EPMB +1.45 points	1.72%	0.27%
Albemarle CorpALB	EPMB +1.33 points	1.36%	0.03%
Centene CorpCNC	EPMB +1.32 points	1.90%	0.58%
Bio-Rad Laboratories-ABIO	EPMB +1.31 points	1.37%	0.06%
C.h. Robinson Worldwide IncCHRW	EPMB +1.25 points	1.50%	0.25%
Devon Energy CorpDVN	EPMB +1.22 points	1.67%	0.45%
Packaging Corp of AmericaPKG	EPMB +1.19 points	1.46%	0.27%
Agilent Technologies IncA	EPMB +1.04 points	1.96%	0.92%
Dr Horton IncDHI	EPMB +1.00 points	1.42%	0.42%
Sensata Technologies HoldplcST	EPMB +0.86 points	1.30%	0.44%
Sysco CorpSYY	EPMB +0.45 points	1.15%	0.70%

All 59 EPMB holdings⁠All FEMV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EPMB vs FEMV Cost

Overpaying EPMB vs FEMV

$11,946

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EPMB 0.88%
$16,705
FEMV 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

EPMB 0.88%
FEMV 0.23%
Overpaying

Year by year

Year	EPMB	FEMV	Overpaying
10	$1,559	$419	$1,140
20	$5,891	$1,630	$4,261
30	$16,705	$4,759	$11,946

Expense ratio

0.88%EPMB
0.23%FEMV, cheaper

FEMV0.23%EPMB0.88%

0.18%1.10%

Middle half of US Active Small/Mid-Cap funds
Median 0.55%

FEMV 2nd cheapest of 47 funds

EPMB 44th cheapest of 47 funds

EPMB vs FEMV Dividends

Last 12 months to Nov 2, 2026

Last payment: EPMB $0.41; FEMV $0.09
Ex-dividend: EPMB Dec 19, 2025; FEMV Sep 18, 2026
Paid on: EPMB Dec 24, 2025; FEMV Sep 22, 2026
Frequency: EPMB Irregular; FEMV Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

EPMBIrregular · 1 paymentAll EPMB payments⁠

FEMVQuarterly · 2 paymentsAll FEMV payments⁠

EPMB vs FEMV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EPMB 12.1%since Jun 2025FEMV No data
Return per unit of riskSharpe ratio, 3 years: EPMB 1.27since Jun 2025FEMV No data
Worst fallMax drawdown, 5 years: EPMB −8.9%since May 2025FEMV No data
Market sensitivityBeta, 5 years: EPMB 0.64FEMV −0.05; Market = 1

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