- ISIN
- US3160923609
- CUSIP
- 316092360
- Issuer
- Fidelity
- Inception Date
- Jun 3, 2020
- Region
- Developed Markets (Broad)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $766M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FMIL Performance Chart
Fidelity New Millennium ETF (FMIL) is up 11.5% since the beginning of the year. FMIL is currently trading at $59 per share. Investors who bought $1,000 worth of FMIL shares 5 years ago would now be looking at an investment worth $2,173.
Loading charts...
Returns By Period
Fidelity New Millennium ETF (FMIL) has returned 11.46% so far this year and 27.09% over the past 12 months.
Fidelity New Millennium ETF
- 1D
- -0.21%
- 1M
- 2.54%
- YTD
- 11.46%
- 6M
- 12.89%
- 1Y
- 27.09%
- 3Y*
- 22.60%
- 5Y*
- 16.79%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FMIL Monthly Returns History
Based on dividend-adjusted daily data since Jun 4, 2020, FMIL's average daily return is +0.08%, while the average monthly return is +1.68%. At this rate, an investment would double in approximately 3.5 years.
Historically, 66% of months were positive and 34% 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 55% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.44% | -0.49% | -5.49% | 11.69% | 2.86% | 0.71% | 11.46% | ||||||
| 2025 | 2.95% | -2.15% | -5.65% | -0.97% | 7.40% | 5.89% | 2.97% | 1.09% | 2.53% | 2.08% | 0.02% | 0.87% | 17.67% |
| 2024 | 2.27% | 7.78% | 4.82% | -3.45% | 5.14% | 2.84% | 0.48% | 2.66% | 2.06% | -0.50% | 4.69% | -3.30% | 27.89% |
| 2023 | 5.86% | -1.38% | 1.63% | 0.81% | 0.68% | 7.26% | 2.98% | -0.93% | -4.94% | -2.20% | 9.39% | 4.38% | 25.07% |
| 2022 | -0.75% | 1.62% | 2.26% | -5.71% | 4.26% | -10.17% | 7.70% | -1.16% | -8.42% | 12.27% | 5.21% | -4.69% | -0.04% |
| 2021 | 0.29% | 8.09% | 5.50% | 4.02% | 3.31% | -1.26% | -0.24% | 1.27% | -3.12% | 4.88% | -5.56% | 5.85% | 24.53% |
Benchmark Metrics
Fidelity New Millennium ETF has an annualized alpha of 5.81%, beta of 0.93, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since June 04, 2020.
- This ETF captured 104.86% of S&P 500 Index gains but only 83.38% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 5.81% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.93 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.
- Alpha
- 5.81%
- Beta
- 0.93
- R²
- 0.79
- Upside Capture
- 104.86%
- Downside Capture
- 83.38%
Expense Ratio
FMIL has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMIL ranks 65 for risk / return — better than 65% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) 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.
| FMIL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.71 | +0.02 |
| Martin ratioReturn relative to average drawdown | 12.17 | 12.15 | +0.02 |
Dividends
Dividend History
Fidelity New Millennium ETF provided a 0.99% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $0.38 | $0.21 | $0.49 | $0.50 | $0.22 |
Dividend yield | 0.99% | 1.10% | 0.82% | 0.57% | 1.67% | 1.68% | 0.89% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.23 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.38 |
| 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 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.49 |
| 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 | $0.50 |
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.
Loading charts...
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 19.72%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current Fidelity New Millennium ETF drawdown is 0.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -19.72%Apr 2025 | 2mo 14d | 2mo 19d | 5mo 3dJan 2025 - Jun 2025 |
Bear market2022 | -15.87%Sep 2022 | 5mo 9d | 4mo 1d | 9mo 10dApr 2022 - Jan 2023 |
2020 correction2020 | -11.19%Jun 2020 | 17d | 4mo 12d | 4mo 29dJun 2020 - Nov 2020 |
2026 pullback2026 | -9.98%Mar 2026 | 1mo 18d | 15d | 2mo 3dFeb 2026 - Apr 2026 |
2023 pullback2023 | -9.40%Oct 2023 | 2mo 26d | 24d | 3mo 20dAug 2023 - Nov 2023 |
Drawdown Indicators
| FMIL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -56.78% | +37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -9.10% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -19.72% | -18.90% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -25.43% | +5.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.29% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -10.72% | +7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.02% | +0.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FMIL
Add Fidelity New Millennium ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FMIL