Fidelity New Millennium ETF (FMIL)
FMIL is an actively managed ETF by Fidelity. FMIL launched on Jun 3, 2020 and has a 0.59% expense ratio.
ETF Info
| ISIN | US3160923609 |
|---|---|
| CUSIP | 316092360 |
| Issuer | Fidelity |
| Inception Date | Jun 3, 2020 |
| Region | Developed Markets (Broad) |
| Category | Large Cap Blend Equities, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
The Fidelity New Millennium ETF has a high expense ratio of 0.59%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity New Millennium 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
Fidelity New Millennium ETF had a return of 9.89% year-to-date (YTD) and 29.41% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.89% | 5.05% |
| 1 month | -4.66% | -4.27% |
| 6 months | 24.93% | 18.82% |
| 1 year | 29.41% | 21.22% |
| 5 years (annualized) | N/A | 11.38% |
| 10 years (annualized) | N/A | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.27% | 7.78% | 4.82% | |||||||||
| 2023 | -4.94% | -2.20% | 9.39% | 4.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Fidelity New Millennium ETF(FMIL)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity New Millennium ETF granted a 0.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.19 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.19 | $0.21 | $0.42 | $0.50 | $0.13 |
Dividend yield | 0.47% | 0.57% | 1.43% | 1.68% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity New Millennium 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 | $0.06 | |||||||||
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.23 |
| 2020 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
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 New Millennium 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 New Millennium ETF was 15.87%, occurring on Sep 27, 2022. Recovery took 84 trading sessions.
The current Fidelity New Millennium ETF drawdown is 4.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.87% | Apr 21, 2022 | 110 | Sep 27, 2022 | 84 | Jan 27, 2023 | 194 |
| -11.19% | Jun 9, 2020 | 14 | Jun 26, 2020 | 92 | Nov 5, 2020 | 106 |
| -9.4% | Aug 2, 2023 | 62 | Oct 27, 2023 | 16 | Nov 20, 2023 | 78 |
| -8.03% | Oct 27, 2021 | 25 | Dec 1, 2021 | 23 | Jan 4, 2022 | 48 |
| -7.67% | Feb 16, 2023 | 19 | Mar 15, 2023 | 45 | May 18, 2023 | 64 |
Volatility
Volatility Chart
The current Fidelity New Millennium ETF volatility is 3.18%, 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.