FEMD vs. EPMV

Last updated Jun 4, 2026

FEMD (First Eagle Mid Cap Equity ETF) and EPMV (Harbor Mid Cap Value ETF) are both Mid Cap Value Equities funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. FEMD charges 0.55%/yr vs 0.88%/yr for EPMV.

Performance

FEMD vs. EPMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Mid Cap Equity ETF (FEMD) and Harbor Mid Cap Value ETF (EPMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEMD

• 1D: 0.53%
• 1M: 3.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EPMV

• 1D: 0.14%
• 1M: 6.82%
• YTD: 18.43%
• 6M: 19.33%
• 1Y: 29.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEMD vs. EPMV - Yearly Performance Comparison

	2026 (YTD)
FEMD First Eagle Mid Cap Equity ETF	4.76%
EPMV Harbor Mid Cap Value ETF	11.09%

Correlation

The correlation between FEMD and EPMV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 28, 2026	0.91

Return for Risk

FEMD vs. EPMV — Risk / Return Rank

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

EPMV

EPMV Risk / Return Rank: 63
EPMV Sharpe Ratio Rank: 60
EPMV Sortino Ratio Rank: 63
EPMV Omega Ratio Rank: 58
EPMV Calmar Ratio Rank: 70
EPMV Martin Ratio Rank: 63

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.

FEMD vs. EPMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) and Harbor Mid Cap Value ETF (EPMV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FEMD	EPMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	2.05	-1.34

Drawdowns

FEMD vs. EPMV - Drawdown Comparison

The maximum FEMD drawdown since its inception was -11.51%, which is greater than EPMV's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for FEMD and EPMV.

Drawdown Indicators

	FEMD	EPMV	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-8.78%	-2.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.78%	—
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-3.41%	-1.78%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.66%	—

Volatility

Volatility by Period

	FEMD	EPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	15.19%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.10%	15.48%	+4.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	15.48%	+4.62%

FEMD vs. EPMV - Expense Ratio Comparison

FEMD has a 0.55% expense ratio, which is lower than EPMV's 0.88% expense ratio.

Dividends

FEMD vs. EPMV - Dividend Comparison

FEMD has not paid dividends to shareholders, while EPMV's dividend yield for the trailing twelve months is around 1.25%.

Position	TTM	2025
EPMV Harbor Mid Cap Value ETF	1.25%	1.48%
FEMD First Eagle Mid Cap Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEMD and EPMV in my portfolio?

With a correlation of 0.91, FEMD and EPMV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FEMD or EPMV?

On fees, FEMD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEMD or EPMV?

FEMD is cheaper with a 0.55% expense ratio, compared with 0.88% for EPMV.

Which ETF pays a higher dividend yield, FEMD or EPMV?

EPMV has the higher dividend yield at 1.25%, compared with 0.00% for FEMD.

What is the main difference between FEMD and EPMV?

They also come from different issuers: First Eagle and Harbor. Their fees differ too: 0.55% for FEMD and 0.88% for EPMV.