- Issuer
- Fidelity
- Inception Date
- Apr 29, 2026
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $6M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $43.65K
Share Price Chart
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Performance
FEMG Performance Chart
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Returns By Period
Fidelity Enhanced Mid Cap Growth ETF
- 1D
- -0.28%
- 1M
- -2.67%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FEMG Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2026, FEMG's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 75% of months were positive and 25% were negative. The best month was May 2026 with a return of +4.6%, while the worst month was Jul 2026 at -4.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, FEMG closed higher 50% of trading days. The best single day was Jun 11, 2026 with a return of +2.5%, while the worst single day was Jun 5, 2026 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.25% | 4.57% | 2.10% | -4.83% | 1.87% |
Benchmark Metrics
Fidelity Enhanced Mid Cap Growth ETF has an annualized alpha of -10.94%, beta of 1.01, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since April 30, 2026.
- This ETF participated in 228.09% of S&P 500 Index downside but only 75.01% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -10.94% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.01 and R2 of 0.67, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -10.94%
- Beta
- 1.01
- R²
- 0.67
- Upside Capture
- 75.01%
- Downside Capture
- 228.09%
Expense Ratio
FEMG has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Growth ETF (FEMG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Fidelity Enhanced Mid Cap Growth ETF provided a 0.10% dividend yield over the last twelve months, with an annual payout of $0.03 per share.
| Period | TTM |
|---|---|
| Dividend | $0.03 |
Dividend yield | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Mid Cap Growth ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.00 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Mid Cap Growth ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced Mid Cap Growth ETF was 6.48%, occurring on Jul 29, 2026. The portfolio has not yet recovered.
The current Fidelity Enhanced Mid Cap Growth ETF drawdown is 4.83%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-6.48%Jul 2026 | 28d | — | 1mo 2dJul 2026 - now | — |
-4.66%Jun 2026 | 8d | 19d | 27dJun 2026 - Jun 2026 | — |
-3.29%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 | — |
-0.21%May 2026 | 0s | 1d | 1dMay 2026 - May 2026 | — |
Drawdown Indicators
| FEMG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -56.78% | +50.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.83% | -1.58% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -10.70% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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