BKMC vs. FEMG

Last updated Jun 3, 2026

BKMC (BNY Mellon US Mid Cap Core Equity ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. BKMC is passively managed, while FEMG is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. BKMC charges 0.04%/yr vs 0.23%/yr for FEMG.

Performance

BKMC vs. FEMG - Performance Comparison

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

Returns By Period

BKMC

• 1D: 0.40%
• 1M: 3.22%
• YTD: 11.69%
• 6M: 12.55%
• 1Y: 24.74%
• 3Y*: 16.22%
• 5Y*: 8.06%
• 10Y*: —

FEMG

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

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

BKMC vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
BKMC BNY Mellon US Mid Cap Core Equity ETF	3.16%
FEMG Fidelity Enhanced Mid Cap Growth ETF	5.12%

Correlation

The correlation between BKMC and FEMG is 0.71, 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	0.71

BKMC vs. FEMG - Sectors Allocation Comparison

Sectors	BKMC	FEMG
Industrials	22.9%	26.5%
Technology	16.2%	24.0%
Financial Services	12.4%	6.0%
Healthcare	11.4%	12.6%
Consumer Cyclical	9.1%	17.4%
Real Estate	7.6%	1.8%
Basic Materials	4.6%	0.7%
Consumer Defensive	4.3%	1.4%
Communication Services	3.5%	2.7%
Energy	3.3%	3.3%
Utilities	2.4%	2.9%

Return for Risk

BKMC vs. FEMG — Risk / Return Rank

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

BKMC

BKMC Risk / Return Rank: 49
BKMC Sharpe Ratio Rank: 47
BKMC Sortino Ratio Rank: 48
BKMC Omega Ratio Rank: 44
BKMC Calmar Ratio Rank: 50
BKMC Martin Ratio Rank: 55

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.

BKMC vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Mid Cap Core Equity ETF (BKMC) 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.

	BKMC	FEMG	Difference
Sharpe ratio Return per unit of total volatility	1.64	—	—
Sortino ratio Return per unit of downside risk	2.40	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	2.52	—	—
Martin ratio Return relative to average drawdown	9.72	—	—
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

	BKMC	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	6.56	-5.73

Drawdowns

BKMC vs. FEMG - Drawdown Comparison

The maximum BKMC drawdown since its inception was -25.02%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for BKMC and FEMG.

Drawdown Indicators

	BKMC	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-3.29%	-21.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	—	—
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	-6.55%	-0.95%	-5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	—	—

Volatility

Volatility by Period

	BKMC	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	12.04%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	12.04%	+6.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	12.04%	+7.12%

BKMC vs. FEMG - Expense Ratio Comparison

BKMC has a 0.04% expense ratio, which is lower than FEMG's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BKMC vs. FEMG - Dividend Comparison

BKMC's dividend yield for the trailing twelve months is around 1.38%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.38%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKMC and FEMG in my portfolio?

BKMC and FEMG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKMC or FEMG?

On fees, BKMC is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMC or FEMG?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.23% for FEMG.

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

BKMC has the higher dividend yield at 1.38%, compared with 0.00% for FEMG.

What is the main difference between BKMC and FEMG?

They also come from different issuers: BNY Mellon and Fidelity. Their fees differ too: 0.04% for BKMC and 0.23% for FEMG.