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
| Issuer | Fidelity |
|---|---|
| Inception Date | Dec 20, 2007 |
| Category | Mid Cap Blend Equities |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
The Fidelity Enhanced Mid Cap ETF has a high expense ratio of 0.23%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.33% | 6.92% |
| 1 month | -4.42% | -2.83% |
| 6 months | N/A | 23.86% |
| 1 year | N/A | 23.33% |
| 5 years (annualized) | N/A | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.04% | 6.87% | 4.97% | |||||||||
| 2023 | 1.44% | 7.37% |
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 granted a 0.41% dividend yield in the last twelve months. The annual payout for that period amounted to $0.12 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.12 | $0.03 |
Dividend yield | 0.41% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.09 | |||||||||
| 2023 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 6.53%, occurring on Apr 19, 2024. The portfolio has not yet recovered.
The current Fidelity Enhanced Mid Cap ETF drawdown is 4.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.53% | Mar 28, 2024 | 16 | Apr 19, 2024 | — | — | — |
| -2.86% | Dec 29, 2023 | 4 | Jan 4, 2024 | 16 | Jan 29, 2024 | 20 |
| -1.78% | Feb 13, 2024 | 1 | Feb 13, 2024 | 2 | Feb 15, 2024 | 3 |
| -1.65% | Dec 20, 2023 | 1 | Dec 20, 2023 | 3 | Dec 26, 2023 | 4 |
| -1.51% | Jan 30, 2024 | 2 | Jan 31, 2024 | 2 | Feb 2, 2024 | 4 |
Volatility
Volatility Chart
The current Fidelity Enhanced Mid Cap ETF volatility is 3.64%, 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.