AFMC vs. FMDE
Compare and contrast key facts about First Trust Active Factor Mid Cap ETF (AFMC) and Fidelity Enhanced Mid Cap ETF (FMDE).
AFMC and FMDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFMC is an actively managed fund by First Trust. It was launched on Dec 3, 2019. FMDE is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFMC or FMDE.
Correlation
The correlation between AFMC and FMDE is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AFMC vs. FMDE - Performance Comparison
Key characteristics
AFMC:
1.22
FMDE:
1.71
AFMC:
1.78
FMDE:
2.36
AFMC:
1.22
FMDE:
1.30
AFMC:
2.26
FMDE:
3.28
AFMC:
6.59
FMDE:
9.07
AFMC:
3.05%
FMDE:
2.53%
AFMC:
16.56%
FMDE:
13.49%
AFMC:
-42.14%
FMDE:
-6.99%
AFMC:
-8.20%
FMDE:
-5.68%
Returns By Period
In the year-to-date period, AFMC achieves a 19.91% return, which is significantly lower than FMDE's 22.99% return.
AFMC
19.91%
-6.92%
8.62%
19.64%
10.37%
N/A
FMDE
22.99%
-4.83%
12.74%
22.70%
N/A
N/A
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AFMC vs. FMDE - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is higher than FMDE's 0.23% expense ratio.
Risk-Adjusted Performance
AFMC vs. FMDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and Fidelity Enhanced Mid Cap ETF (FMDE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AFMC vs. FMDE - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.97%, less than FMDE's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.97% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% |
FMDE Fidelity Enhanced Mid Cap ETF | 1.18% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AFMC vs. FMDE - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, which is greater than FMDE's maximum drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for AFMC and FMDE. For additional features, visit the drawdowns tool.
Volatility
AFMC vs. FMDE - Volatility Comparison
First Trust Active Factor Mid Cap ETF (AFMC) and Fidelity Enhanced Mid Cap ETF (FMDE) have volatilities of 4.70% and 4.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.