CZA vs. FMDE

In the year-to-date period, CZA achieves a -0.92% return, which is significantly higher than FMDE's -1.48% return.

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CZA has a 0.69% expense ratio, which is higher than FMDE's 0.23% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) 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.

The current CZA Sharpe Ratio is 0.25, which is lower than the FMDE Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of CZA and FMDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

CZA's dividend yield for the trailing twelve months is around 1.28%, more than FMDE's 1.19% yield.

The maximum CZA drawdown since its inception was -53.20%, which is greater than FMDE's maximum drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for CZA and FMDE. For additional features, visit the drawdowns tool.

Invesco Zacks Mid-Cap ETF (CZA) and Fidelity Enhanced Mid Cap ETF (FMDE) have volatilities of 6.27% and 6.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.