FEMD vs. IMCV
FEMD (First Eagle Mid Cap Equity ETF) and IMCV (iShares Morningstar Mid-Cap ETF) are both Mid Cap Value Equities funds. FEMD is actively managed, while IMCV is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. FEMD charges 0.55%/yr vs 0.06%/yr for IMCV.
Performance
FEMD vs. IMCV - Performance Comparison
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Returns By Period
FEMD
- 1D
- -2.10%
- 1M
- 3.78%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMCV
- 1D
- 0.58%
- 1M
- 1.64%
- YTD
- 11.06%
- 6M
- 10.33%
- 1Y
- 23.30%
- 3Y*
- 16.54%
- 5Y*
- 9.60%
- 10Y*
- 10.80%
FEMD vs. IMCV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMD First Eagle Mid Cap Equity ETF | 6.36% |
IMCV iShares Morningstar Mid-Cap ETF | 6.90% |
Correlation
The correlation between FEMD and IMCV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026 | 0.78 |
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Return for Risk
FEMD vs. IMCV — Risk / Return Rank
FEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMCV
FEMD vs. IMCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) and iShares Morningstar Mid-Cap ETF (IMCV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMD | IMCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.39 | — |
| Martin ratioReturn relative to average drawdown | — | 12.59 | — |
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Drawdowns
FEMD vs. IMCV - Drawdown Comparison
The maximum FEMD drawdown since its inception was -11.51%, smaller than the maximum IMCV drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for FEMD and IMCV.
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Drawdown Indicators
| FEMD | IMCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -64.74% | +53.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.33% | — |
Current DrawdownCurrent decline from peak | -2.10% | -0.88% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -8.40% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.86% | — |
Volatility
FEMD vs. IMCV - Volatility Comparison
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Volatility by Period
| FEMD | IMCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.85% | 11.75% | +9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 16.62% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 19.61% | +1.24% |
FEMD vs. IMCV - Expense Ratio Comparison
FEMD has a 0.55% expense ratio, which is higher than IMCV's 0.06% expense ratio.
Dividends
FEMD vs. IMCV - Dividend Comparison
FEMD has not paid dividends to shareholders, while IMCV's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMD First Eagle Mid Cap Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCV iShares Morningstar Mid-Cap ETF | 1.91% | 2.23% | 2.36% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% |
Frequently Asked Questions
FEMD and IMCV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMCV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMCV is cheaper with a 0.06% expense ratio, compared with 0.55% for FEMD.
IMCV has the higher dividend yield at 1.91%, compared with 0.00% for FEMD.
They also come from different issuers: First Eagle and iShares. Their fees differ too: 0.55% for FEMD and 0.06% for IMCV.
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