FEMG vs. BBHM

Last updated Jun 4, 2026

FEMG (Fidelity Enhanced Mid Cap Growth ETF) and BBHM (BBH Select Mid Cap ETF) are both Mid Cap Growth Equities funds. FEMG is actively managed, while BBHM is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. FEMG charges 0.23%/yr vs 0.81%/yr for BBHM.

Performance

FEMG vs. BBHM - Performance Comparison

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

Returns By Period

FEMG

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

BBHM

• 1D: -0.35%
• 1M: -1.65%
• YTD: 1.78%
• 6M: -0.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEMG vs. BBHM - Yearly Performance Comparison

	2026 (YTD)
FEMG Fidelity Enhanced Mid Cap Growth ETF	4.23%
BBHM BBH Select Mid Cap ETF	-3.78%

Correlation

The correlation between FEMG and BBHM is 0.66, 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 May 1, 2026	0.66

Return for Risk

FEMG vs. BBHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Growth ETF (FEMG) and BBH Select Mid Cap ETF (BBHM). 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

	FEMG	BBHM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.78	0.50	+4.28

Drawdowns

FEMG vs. BBHM - Drawdown Comparison

The maximum FEMG drawdown since its inception was -3.29%, smaller than the maximum BBHM drawdown of -9.78%. Use the drawdown chart below to compare losses from any high point for FEMG and BBHM.

Drawdown Indicators

	FEMG	BBHM	Difference
Max Drawdown Largest peak-to-trough decline	-3.29%	-9.78%	+6.49%
Current Drawdown Current decline from peak	-1.18%	-5.28%	+4.10%
Average Drawdown Average peak-to-trough decline	-0.96%	-2.71%	+1.75%

Volatility

Volatility by Period

	FEMG	BBHM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	17.46%	-5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	17.46%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	17.46%	-5.17%

FEMG vs. BBHM - Expense Ratio Comparison

FEMG has a 0.23% expense ratio, which is lower than BBHM's 0.81% expense ratio.

Dividends

FEMG vs. BBHM - Dividend Comparison

Neither FEMG nor BBHM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FEMG and BBHM in my portfolio?

FEMG and BBHM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEMG or BBHM?

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, FEMG or BBHM?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.81% for BBHM.

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

FEMG and BBHM have nearly identical dividend yields, around 0.00%.

What is the main difference between FEMG and BBHM?

They also come from different issuers: Fidelity and BBH. Their fees differ too: 0.23% for FEMG and 0.81% for BBHM.