AMID vs. FEMG

Last updated Jun 3, 2026

AMID (Argent Mid Cap ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. AMID charges 0.52%/yr vs 0.23%/yr for FEMG.

Performance

AMID vs. FEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argent Mid Cap ETF (AMID) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMID

• 1D: 1.66%
• 1M: 1.14%
• YTD: 5.85%
• 6M: 4.01%
• 1Y: 10.45%
• 3Y*: 12.46%
• 5Y*: —
• 10Y*: —

FEMG

• 1D: -0.34%
• 1M: 4.84%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMID vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
AMID Argent Mid Cap ETF	0.42%
FEMG Fidelity Enhanced Mid Cap Growth ETF	5.12%

Correlation

The correlation between AMID and FEMG is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.70

AMID vs. FEMG - Sectors Allocation Comparison

Sectors	AMID	FEMG
Industrials	32.1%	26.5%
Technology	18.1%	24.0%
Financial Services	14.7%	6.0%
Consumer Cyclical	11.4%	17.4%
Healthcare	7.2%	12.6%
Energy	4.3%	3.3%
Basic Materials	3.4%	0.7%
Real Estate	3.3%	1.8%
Utilities	2.9%	2.9%
Consumer Defensive	2.6%	1.4%
Communication Services	-	2.7%

Return for Risk

AMID vs. FEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMID

AMID Risk / Return Rank: 20
AMID Sharpe Ratio Rank: 20
AMID Sortino Ratio Rank: 20
AMID Omega Ratio Rank: 19
AMID Calmar Ratio Rank: 19
AMID Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMID vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argent Mid Cap ETF (AMID) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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.

	AMID	FEMG	Difference
Sharpe ratio Return per unit of total volatility	0.65	—	—
Sortino ratio Return per unit of downside risk	1.06	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	0.82	—	—
Martin ratio Return relative to average drawdown	2.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMID	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	6.56	-6.02

Drawdowns

AMID vs. FEMG - Drawdown Comparison

The maximum AMID drawdown since its inception was -23.32%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for AMID and FEMG.

Drawdown Indicators

	AMID	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-3.29%	-20.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.32%	—	—
Current Drawdown Current decline from peak	-4.95%	-0.34%	-4.61%
Average Drawdown Average peak-to-trough decline	-6.21%	-0.95%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	—	—

Volatility

Volatility by Period

	AMID	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	12.04%	+4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.11%	12.04%	+7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	12.04%	+7.07%

AMID vs. FEMG - Expense Ratio Comparison

AMID has a 0.52% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

AMID vs. FEMG - Dividend Comparison

AMID's dividend yield for the trailing twelve months is around 0.34%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
AMID Argent Mid Cap ETF	0.34%	0.36%	0.33%	0.43%	0.25%
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMID and FEMG in my portfolio?

AMID and FEMG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMID or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMID or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.52% for AMID.

Which ETF pays a higher dividend yield, AMID or FEMG?

AMID has the higher dividend yield at 0.34%, compared with 0.00% for FEMG.

What is the main difference between AMID and FEMG?

They also come from different issuers: Argent and Fidelity. Their fees differ too: 0.52% for AMID and 0.23% for FEMG.