Fidelity New Millennium ETF (FMIL)

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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.

Fidelity New Millennium ETF (FMIL) has returned -3.67% so far this year and 19.26% over the past 12 months.

Based on dividend-adjusted daily data since Jun 4, 2020, FMIL's average daily return is +0.07%, while the average monthly return is +1.52%. At this rate, your investment would double in approximately 3.8 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +15.6%, while the worst month was Jun 2022 at -10.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FMIL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Jun 11, 2020 at -6.6%.

Fidelity New Millennium ETF has an annualized alpha of 5.60%, beta of 0.92, and R² of 0.79 versus S&P 500 Index. Calculated based on daily prices since June 05, 2020.

• This ETF captured 106.05% of S&P 500 Index gains but only 85.59% of its losses — a favorable profile for investors.
• This ETF generated an annualized alpha of 5.60% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 0.92 and R² of 0.79, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FMIL has an expense ratio of 0.59%, placing it in the medium range.

FMIL ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity New Millennium ETF provided a 1.14% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 19.72%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.

The current Fidelity New Millennium ETF drawdown is 6.85%.

The chart below shows the rolling one-month volatility.