BMVP vs. FMDE
Compare and contrast key facts about Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Fidelity Enhanced Mid Cap ETF (FMDE).
BMVP and FMDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMVP is a passively managed fund by Invesco that tracks the performance of the Bloomberg MVP Index. It was launched on May 1, 2003. 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: BMVP or FMDE.
Key characteristics
| BMVP | FMDE | |
|---|---|---|
| YTD Return | 18.32% | 14.91% |
| Daily Std Dev | 10.90% | 13.57% |
| Max Drawdown | -52.66% | -6.79% |
| Current Drawdown | -0.44% | -0.94% |
Correlation
The correlation between BMVP and FMDE is 0.86, 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
BMVP vs. FMDE - Performance Comparison
In the year-to-date period, BMVP achieves a 18.32% return, which is significantly higher than FMDE's 14.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BMVP vs. FMDE - Expense Ratio Comparison
BMVP has a 0.29% expense ratio, which is higher than FMDE's 0.23% expense ratio.
Risk-Adjusted Performance
BMVP vs. FMDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) 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.
Not enough dataDividends
BMVP vs. FMDE - Dividend Comparison
BMVP's dividend yield for the trailing twelve months is around 1.86%, more than FMDE's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMVP Invesco Bloomberg MVP Multi-factor ETF | 1.86% | 1.67% | 1.51% | 0.56% | 1.09% | 0.95% | 1.44% | 1.75% | 1.35% | 1.02% | 0.82% | 0.78% |
FMDE Fidelity Enhanced Mid Cap ETF | 0.63% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BMVP vs. FMDE - Drawdown Comparison
The maximum BMVP drawdown since its inception was -52.66%, which is greater than FMDE's maximum drawdown of -6.79%. Use the drawdown chart below to compare losses from any high point for BMVP and FMDE. For additional features, visit the drawdowns tool.
Volatility
BMVP vs. FMDE - Volatility Comparison
The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 2.87%, while Fidelity Enhanced Mid Cap ETF (FMDE) has a volatility of 4.26%. This indicates that BMVP experiences smaller price fluctuations and is considered to be less risky than FMDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.