Fidelity Enhanced Mid Cap ETF (FMDE)
The ETF aims to track the Russell Midcap® Index by investing primarily in common stocks within the index using quantitative analysis for stock selection, with a focus on achieving higher total returns. The fund includes both domestic and foreign issuers in its portfolio.
ETF Info
Dec 20, 2007
1x
No Index (Active)
Mid-Cap
Blend
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Enhanced Mid Cap ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FMDE
24.98%
2.82%
12.78%
N/A
N/A
N/A
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
Monthly Returns
The table below presents the monthly returns of FMDE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.04% | 6.87% | 4.97% | -5.35% | 2.65% | -0.48% | 3.97% | 2.82% | 2.46% | 0.35% | 24.98% | ||
| 2023 | 1.44% | 7.37% | 8.91% |
Expense Ratio
FMDE has an expense ratio of 0.23%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Fidelity Enhanced Mid Cap ETF provided a 0.87% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.29 | $0.03 |
Dividend yield | 0.87% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Mid Cap 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.27 | |
| 2023 | $0.03 | $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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Mid Cap 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 ETF was 6.79%, occurring on Aug 5, 2024. Recovery took 12 trading sessions.
The current Fidelity Enhanced Mid Cap ETF drawdown is 2.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.79% | Jul 17, 2024 | 14 | Aug 5, 2024 | 12 | Aug 21, 2024 | 26 |
| -6.53% | Mar 28, 2024 | 16 | Apr 19, 2024 | 59 | Jul 16, 2024 | 75 |
| -3.99% | Sep 3, 2024 | 4 | Sep 6, 2024 | 8 | Sep 18, 2024 | 12 |
| -2.86% | Dec 29, 2023 | 4 | Jan 4, 2024 | 16 | Jan 29, 2024 | 20 |
| -2.59% | Nov 12, 2024 | 4 | Nov 15, 2024 | — | — | — |
Volatility
Volatility Chart
The current Fidelity Enhanced Mid Cap ETF volatility is 4.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.