AMID vs. FMDE

Last updated Aug 2, 2026

AMID (Argent Mid Cap ETF) and FMDE (Fidelity Enhanced Mid Cap Core ETF) are both exchange-traded funds - AMID is a Mid Cap Growth Equities fund actively managed by Argent, while FMDE is a Mid Cap Blend Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, AMID returned 7.07% vs 21.03% for FMDE. Their correlation of 0.90 means they have usually moved in the same direction. AMID charges 0.52%/yr vs 0.23%/yr for FMDE.

Performance

AMID vs. FMDE - 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 Core ETF (FMDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMID achieves a 6.88% return, which is significantly lower than FMDE's 13.63% return.

AMID

• 1D: 0.94%
• 1M: -0.06%
• 6M: 4.61%
• YTD: 6.88%
• 1Y: 7.07%
• 3Y*: 9.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.94%

FMDE

• 1D: 0.10%
• 1M: 1.81%
• 6M: 12.31%
• YTD: 13.63%
• 1Y: 21.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMID Argent Mid Cap ETF	$353.84K	$312.78K	$391.35K
FMDE Fidelity Enhanced Mid Cap Core ETF	$38.47M	$36.07M	$34.28M

AMID vs. FMDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMID Argent Mid Cap ETF	6.88%	-1.39%	13.06%	11.89%
FMDE Fidelity Enhanced Mid Cap Core ETF	13.63%	12.19%	21.76%	9.09%

Correlation

The correlation between AMID and FMDE is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.90

The correlation between AMID and FMDE has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

AMID vs. FMDE - Sectors Allocation Comparison

Sectors	AMID	FMDE
Industrials	33.1%	17.1%
Technology	23.4%	20.2%
Financial Services	16.0%	11.9%
Healthcare	8.0%	10.1%
Consumer Cyclical	7.0%	10.6%
Basic Materials	3.7%	5.0%
Energy	3.5%	5.0%
Real Estate	3.3%	5.7%
Consumer Defensive	2.7%	2.1%
Utilities	2.7%	4.7%
Communication Services	-	2.2%

Return for Risk

AMID vs. FMDE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMID

AMID Risk / Return Rank: 20
AMID Sharpe Ratio Rank: 19
AMID Sortino Ratio Rank: 19
AMID Omega Ratio Rank: 18
AMID Calmar Ratio Rank: 19
AMID Martin Ratio Rank: 23

FMDE

FMDE Risk / Return Rank: 65
FMDE Sharpe Ratio Rank: 61
FMDE Sortino Ratio Rank: 61
FMDE Omega Ratio Rank: 58
FMDE Calmar Ratio Rank: 68
FMDE Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMID vs. FMDE - 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 Core 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.

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.

	AMID	FMDE	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.42	-1.06
Sortino ratio: Return per unit of downside risk	0.64	2.06	-1.42
Omega ratio: Gain probability vs. loss probability	1.07	1.25	-0.18
Calmar ratio: Return relative to maximum drawdown	0.49	2.35	-1.86
Martin ratio: Return relative to average drawdown	1.69	9.29	-7.59

AMID vs. FMDE - Sharpe Ratio Comparison

The current AMID Sharpe Ratio is 0.36, which is lower than the FMDE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of AMID and FMDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMID vs. FMDE - Drawdown Comparison

The maximum AMID drawdown since its inception was -23.32%, which is greater than FMDE's maximum drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for AMID and FMDE.

Drawdown Indicators

	AMID	FMDE	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-21.10%	-2.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-8.33%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-23.32%	—	—
Current Drawdown Current decline from peak	-4.03%	-0.29%	-3.74%
Average Drawdown Average peak-to-trough decline	-6.12%	-2.52%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	2.10%	+1.45%

Volatility

AMID vs. FMDE - Volatility Comparison

Argent Mid Cap ETF (AMID) has a higher volatility of 4.44% compared to Fidelity Enhanced Mid Cap Core ETF (FMDE) at 2.41%. This indicates that AMID's price experiences larger fluctuations and is considered to be riskier than FMDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMID	FMDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	2.41%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	10.26%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	13.75%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.03%	15.93%	+3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	15.93%	+3.10%

AMID vs. FMDE - Expense Ratio Comparison

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

Dividends

AMID vs. FMDE - Dividend Comparison

AMID's dividend yield for the trailing twelve months is around 0.33%, less than FMDE's 1.07% yield.

Position	TTM	2025	2024	2023	2022
AMID Argent Mid Cap ETF	0.33%	0.36%	0.33%	0.43%	0.25%
FMDE Fidelity Enhanced Mid Cap Core ETF	1.07%	1.23%	1.11%	0.10%	0.00%

Frequently Asked Questions

Can I hold both AMID and FMDE in my portfolio?

AMID and FMDE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMID or FMDE?

AMID has higher volatility (4.44%) compared to FMDE (2.41%). In terms of maximum drawdown, AMID dropped -23.32% vs FMDE's -21.10%.

Which ETF is better, AMID or FMDE?

On 1-year performance, FMDE leads with 21.03% vs 7.07% for AMID. On fees, FMDE is cheaper at 0.23% per year. On volatility, FMDE has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMID or FMDE?

Over the 1-year period, FMDE has performed better with a 21.03% return vs 7.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMID or FMDE?

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

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

FMDE has the higher dividend yield at 1.07%, compared with 0.33% for AMID.

What is the main difference between AMID and FMDE?

AMID is categorized as Mid Cap Growth Equities, while FMDE is Mid Cap Blend Equities. They also come from different issuers: Argent and Fidelity. Their fees differ too: 0.52% for AMID and 0.23% for FMDE.

Which has better risk-adjusted returns?

FMDE currently has the higher Sharpe Ratio (1.42 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.