AMID vs. FMDE
Compare and contrast key facts about Argent Mid Cap ETF (AMID) and Fidelity Enhanced Mid Cap ETF (FMDE).
AMID and FMDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMID is an actively managed fund by Argent. It was launched on Aug 17, 2022. 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: AMID or FMDE.
Correlation
The correlation between AMID and FMDE is 0.90, 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
AMID vs. FMDE - Performance Comparison
Key characteristics
AMID:
0.99
FMDE:
1.86
AMID:
1.50
FMDE:
2.57
AMID:
1.17
FMDE:
1.32
AMID:
1.60
FMDE:
3.53
AMID:
3.89
FMDE:
8.72
AMID:
4.15%
FMDE:
2.90%
AMID:
16.33%
FMDE:
13.59%
AMID:
-15.98%
FMDE:
-7.16%
AMID:
-5.24%
FMDE:
-2.67%
Returns By Period
The year-to-date returns for both investments are quite close, with AMID having a 4.07% return and FMDE slightly higher at 4.23%.
AMID
4.07%
3.60%
9.23%
16.78%
N/A
N/A
FMDE
4.23%
2.92%
18.83%
25.72%
N/A
N/A
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AMID vs. FMDE - Expense Ratio Comparison
AMID has a 0.52% expense ratio, which is higher than FMDE's 0.23% expense ratio.
Risk-Adjusted Performance
AMID vs. FMDE — Risk-Adjusted Performance Rank
AMID
FMDE
AMID vs. FMDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Argent Mid Cap ETF (AMID) 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
AMID vs. FMDE - Dividend Comparison
AMID's dividend yield for the trailing twelve months is around 0.32%, less than FMDE's 1.07% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AMID Argent Mid Cap ETF | 0.32% | 0.33% | 0.43% | 0.25% |
FMDE Fidelity Enhanced Mid Cap ETF | 1.07% | 1.11% | 0.10% | 0.00% |
Drawdowns
AMID vs. FMDE - Drawdown Comparison
The maximum AMID drawdown since its inception was -15.98%, which is greater than FMDE's maximum drawdown of -7.16%. Use the drawdown chart below to compare losses from any high point for AMID and FMDE. For additional features, visit the drawdowns tool.
Volatility
AMID vs. FMDE - Volatility Comparison
Argent Mid Cap ETF (AMID) has a higher volatility of 4.07% compared to Fidelity Enhanced Mid Cap ETF (FMDE) at 3.84%. 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.