Fidelity New Millennium ETF (FMIL) belongs to the Large Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMIL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMIL
FMIL charges 0.59% annually. There are 158 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin U.S. Equity Index ETF | 0.03% | 1.95B | Jun 2016 | FMIL vs USPX | |
| Schwab U.S. Broad Market ETF | 0.03% | 43.31B | Nov 2009 | FMIL vs SCHB | |
| Vanguard Total Stock Market ETF | 0.03% | 2.20T | May 2001 | FMIL vs VTI | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.03% | 93.42B | Jan 2004 | FMIL vs ITOT | |
| Schwab U.S. Large-Cap ETF | 0.03% | 72.63B | Nov 2009 | FMIL vs SCHX |
Best Risk-Adjusted Alternatives to FMIL
FMIL has a PortfoliosLab risk / return rank of 61. There are 93 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked US Stocks & Futures Yield ETF | 93 | — | May 2024 | FMIL vs RSSY | |
| Invesco RAFI Strategic US ETF | 91 | 860.84M | Sep 2018 | FMIL vs IUS | |
| Blackrock Large Cap Core ETF | 87 | 6.04B | Oct 2023 | FMIL vs BLCR | |
| Mohr Company Nav ETF | 87 | — | Sep 2024 | FMIL vs CNAV | |
| Pacer Swan SOS Conservative (December) ETF | 85 | 47.28M | Dec 2020 | FMIL vs PSCX |
Top Performing FMIL Alternatives (YTD)
FMIL is at 10.26% YTD. There are 115 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 47.92%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Aztlan North America Nearshoring Stock Selection E... | 47.92% | 20.80M | Nov 2023 | FMIL vs NRSH | |
| Mohr Company Nav ETF | 47.26% | — | Sep 2024 | FMIL vs CNAV | |
| Return Stacked US Stocks & Futures Yield ETF | 32.45% | — | May 2024 | FMIL vs RSSY | |
| ARS Focused Opportunities Strategy ETF | 32.04% | 194.17M | Jun 2025 | FMIL vs AFOS | |
| iShares MSCI USA Momentum Factor ETF | 31.75% | 26.66B | Apr 2013 | FMIL vs MTUM |
Lowest Volatility Alternatives to FMIL
FMIL has 12.80% 1-year volatility. There are 153 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 2.37%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Laddered Max Buffer ETF | 2.37% | — | Jun 2025 | FMIL vs BUFH | |
| FT Vest Laddered Enhance & Moderate Buffer ETF | 3.98% | — | Jun 2025 | FMIL vs BUFX | |
| Innovator U.S. Equity Ultra Buffer ETF - June | 4.25% | 78.22M | Jun 2019 | FMIL vs UJUN | |
| FT Cboe Vest U.S. Equity Deep Buffer ETF - May | 4.73% | 354.49M | May 2020 | FMIL vs DMAY | |
| FT Cboe Vest U.S. Equity Deep Buffer ETF - June | 5.04% | 320.45M | Jun 2020 | FMIL vs DJUN |
Lowest Drawdown Alternatives to FMIL
FMIL has a 1-year max drawdown of -9.98%. There are 140 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -2.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Ultra Buffer ETF - June | -2.84% | 78.22M | Jun 2019 | FMIL vs UJUN | |
| Calvert US Select Equity ETF | -3.08% | 25.16M | Jan 2023 | FMIL vs CVSE | |
| FT Cboe Vest U.S. Equity Deep Buffer ETF - June | -3.15% | 320.45M | Jun 2020 | FMIL vs DJUN | |
| FT Cboe Vest U.S. Equity Deep Buffer ETF - May | -3.36% | 354.49M | May 2020 | FMIL vs DMAY | |
| Siren DIVCON Dividend Defender ETF | -3.44% | 8.98M | Jan 2016 | FMIL vs DFND |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $26B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 77 | 31.89% | 17.89B | Oct 2013 | FMIL vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 64 | 8.39% | 9.18B | Sep 2016 | FMIL vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -25.34% | 14.17B | Jan 2024 | FMIL vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 40 | 0.50% | 25.56B | Oct 2014 | FMIL vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 68 | 16.16% | 10.01B | Sep 2003 | FMIL vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 57 | 15.59% | 6.21B | Jun 2020 | FMIL vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Growth Equities | 70 | 11.23% | 7.04B | Apr 2007 | FMIL vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 20 | 3.16% | 2.46B | Oct 2013 | FMIL vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -39.45% | 1.22B | Jul 2024 | FMIL vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 44 | 7.70% | 5.32B | Nov 2023 | FMIL vs FELG |
Often Compared With FMIL
Investors most often compare FMIL with FLRG, FDLO, NASDX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FMIL with Any Fund or Stock
Compare FMIL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMIL with funds that move differently
Fidelity New Millennium ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMIL.
Explore FMIL Diversifiers