FEMG vs. BCSM

Last updated Jun 24, 2026

FEMG (Fidelity Enhanced Mid Cap Growth ETF) and BCSM (Baron SMID Cap ETF) are both Mid Cap Growth Equities funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. FEMG charges 0.23%/yr vs 0.75%/yr for BCSM.

Performance

FEMG vs. BCSM - Performance Comparison

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

Returns By Period

FEMG

• 1D: -1.44%
• 1M: 0.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCSM

• 1D: -0.54%
• 1M: 1.75%
• YTD: -1.90%
• 6M: -3.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEMG vs. BCSM - Yearly Performance Comparison

	2026 (YTD)
FEMG Fidelity Enhanced Mid Cap Growth ETF	2.91%
BCSM Baron SMID Cap ETF	5.70%

Correlation

The correlation between FEMG and BCSM is 0.81, 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 Apr 30, 2026	0.81

Return for Risk

FEMG vs. BCSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Growth ETF (FEMG) and Baron SMID Cap ETF (BCSM). 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.

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

Drawdowns

FEMG vs. BCSM - Drawdown Comparison

The maximum FEMG drawdown since its inception was -4.66%, smaller than the maximum BCSM drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for FEMG and BCSM.

Drawdown Indicators

	FEMG	BCSM	Difference
Max Drawdown Largest peak-to-trough decline	-4.66%	-17.45%	+12.79%
Current Drawdown Current decline from peak	-2.69%	-6.26%	+3.57%
Average Drawdown Average peak-to-trough decline	-1.35%	-7.22%	+5.87%

Volatility

Volatility by Period

	FEMG	BCSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	20.49%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	20.49%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	20.49%	-3.83%

FEMG vs. BCSM - Expense Ratio Comparison

FEMG has a 0.23% expense ratio, which is lower than BCSM's 0.75% expense ratio.

Dividends

FEMG vs. BCSM - Dividend Comparison

FEMG's dividend yield for the trailing twelve months is around 0.10%, while BCSM has not paid dividends to shareholders.

Position	TTM
BCSM Baron SMID Cap ETF	0.00%
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.10%

Frequently Asked Questions

Can I hold both FEMG and BCSM in my portfolio?

FEMG and BCSM have a correlation of 0.81, 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 BCSM?

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 BCSM?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.75% for BCSM.

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

FEMG has the higher dividend yield at 0.10%, compared with 0.00% for BCSM.

What is the main difference between FEMG and BCSM?

They also come from different issuers: Fidelity and Baron Capital. Their fees differ too: 0.23% for FEMG and 0.75% for BCSM.