FDFF vs. FMED
Compare and contrast key facts about Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Medicine ETF (FMED).
FDFF and FMED are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDFF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. FMED is an actively managed fund by Fidelity. It was launched on Apr 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDFF or FMED.
Key characteristics
| FDFF | FMED | |
|---|---|---|
| YTD Return | 26.29% | 8.76% |
| 1Y Return | 47.22% | 30.60% |
| Sharpe Ratio | 2.95 | 1.70 |
| Sortino Ratio | 3.95 | 2.42 |
| Omega Ratio | 1.51 | 1.30 |
| Calmar Ratio | 4.54 | 1.29 |
| Martin Ratio | 10.95 | 7.58 |
| Ulcer Index | 4.32% | 3.58% |
| Daily Std Dev | 16.05% | 15.92% |
| Max Drawdown | -13.47% | -21.84% |
| Current Drawdown | 0.00% | -0.86% |
Correlation
The correlation between FDFF and FMED is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDFF vs. FMED - Performance Comparison
In the year-to-date period, FDFF achieves a 26.29% return, which is significantly higher than FMED's 8.76% 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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FDFF vs. FMED - Expense Ratio Comparison
Both FDFF and FMED have an expense ratio of 0.50%.
Risk-Adjusted Performance
FDFF vs. FMED - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Medicine ETF (FMED). 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
FDFF vs. FMED - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 0.74%, while FMED has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.74% | 0.27% |
FMED Fidelity Disruptive Medicine ETF | 0.00% | 0.00% |
Drawdowns
FDFF vs. FMED - Drawdown Comparison
The maximum FDFF drawdown since its inception was -13.47%, smaller than the maximum FMED drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for FDFF and FMED. For additional features, visit the drawdowns tool.
Volatility
FDFF vs. FMED - Volatility Comparison
Fidelity Disruptive Finance ETF (FDFF) has a higher volatility of 5.71% compared to Fidelity Disruptive Medicine ETF (FMED) at 3.51%. This indicates that FDFF's price experiences larger fluctuations and is considered to be riskier than FMED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.