FCUS vs. FEMG

Last updated Jun 4, 2026

FCUS (Pinnacle Focused Opportunities ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. FCUS charges 0.79%/yr vs 0.23%/yr for FEMG.

Performance

FCUS vs. FEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pinnacle Focused Opportunities ETF (FCUS) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCUS

• 1D: 0.90%
• 1M: 10.76%
• YTD: 50.06%
• 6M: 52.19%
• 1Y: 96.08%
• 3Y*: 37.64%
• 5Y*: —
• 10Y*: —

FEMG

• 1D: -0.84%
• 1M: 3.74%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCUS vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
FCUS Pinnacle Focused Opportunities ETF	13.68%
FEMG Fidelity Enhanced Mid Cap Growth ETF	4.23%

Correlation

The correlation between FCUS and FEMG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.20

FCUS vs. FEMG - Sectors Allocation Comparison

Sectors	FCUS	FEMG
Technology	40.7%	24.0%
Energy	18.2%	3.3%
Industrials	15.3%	26.5%
Basic Materials	10.1%	0.7%
Healthcare	6.2%	12.6%
Consumer Defensive	4.4%	1.4%
Consumer Cyclical	2.9%	17.4%
Communication Services	2.2%	2.7%
Financial Services	-	6.0%
Real Estate	-	1.8%
Utilities	-	2.9%

Return for Risk

FCUS vs. FEMG — Risk / Return Rank

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

FCUS

FCUS Risk / Return Rank: 81
FCUS Sharpe Ratio Rank: 86
FCUS Sortino Ratio Rank: 68
FCUS Omega Ratio Rank: 74
FCUS Calmar Ratio Rank: 89
FCUS Martin Ratio Rank: 88

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.

FCUS vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pinnacle Focused Opportunities ETF (FCUS) 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.

	FCUS	FEMG	Difference
Sharpe ratio: Return per unit of total volatility	2.85	—	—
Sortino ratio: Return per unit of downside risk	3.13	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	5.46	—	—
Martin ratio: Return relative to average drawdown	19.54	—	—
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

	FCUS	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	4.78	-3.65

Drawdowns

FCUS vs. FEMG - Drawdown Comparison

The maximum FCUS drawdown since its inception was -39.89%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for FCUS and FEMG.

Drawdown Indicators

	FCUS	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-39.89%	-3.29%	-36.60%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.89%	—	—
Current Drawdown Current decline from peak	0.00%	-1.18%	+1.18%
Average Drawdown Average peak-to-trough decline	-7.55%	-0.96%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	—	—

Volatility

Volatility by Period

	FCUS	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.92%	12.29%	+21.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	12.29%	+17.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.98%	12.29%	+17.69%

FCUS vs. FEMG - Expense Ratio Comparison

FCUS has a 0.79% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

FCUS vs. FEMG - Dividend Comparison

FCUS's dividend yield for the trailing twelve months is around 2.89%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024
FCUS Pinnacle Focused Opportunities ETF	2.89%	4.33%	11.19%
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCUS and FEMG in my portfolio?

FCUS and FEMG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCUS or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCUS or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.79% for FCUS.

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

FCUS has the higher dividend yield at 2.89%, compared with 0.00% for FEMG.

What is the main difference between FCUS and FEMG?

They also come from different issuers: Pinnacle and Fidelity. Their fees differ too: 0.79% for FCUS and 0.23% for FEMG.