FEMG vs. BKMC

Last updated Jun 25, 2026

FEMG (Fidelity Enhanced Mid Cap Growth ETF) and BKMC (BNY Mellon US Mid Cap Core Equity ETF) are both Mid Cap Growth Equities funds. FEMG is actively managed, while BKMC is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. FEMG charges 0.23%/yr vs 0.04%/yr for BKMC.

Performance

FEMG vs. BKMC - Performance Comparison

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

Returns By Period

FEMG

• 1D: 0.82%
• 1M: 1.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKMC

• 1D: 0.42%
• 1M: 2.21%
• YTD: 11.80%
• 6M: 9.44%
• 1Y: 21.12%
• 3Y*: 15.80%
• 5Y*: 7.76%
• 10Y*: —

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

FEMG vs. BKMC - Yearly Performance Comparison

	2026 (YTD)
FEMG Fidelity Enhanced Mid Cap Growth ETF	3.75%
BKMC BNY Mellon US Mid Cap Core Equity ETF	5.19%

Correlation

The correlation between FEMG and BKMC is 0.79, 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 Apr 30, 2026	0.79

FEMG vs. BKMC - Sectors Allocation Comparison

Sectors	FEMG	BKMC
Industrials	27.7%	22.7%
Technology	22.4%	16.6%
Consumer Cyclical	18.1%	10.2%
Healthcare	12.1%	11.7%
Financial Services	6.5%	12.7%
Energy	3.7%	3.3%
Utilities	2.7%	2.4%
Communication Services	2.7%	3.6%
Consumer Defensive	1.7%	3.7%
Real Estate	1.6%	8.2%
Basic Materials	0.6%	4.9%

Return for Risk

FEMG vs. BKMC — Risk / Return Rank

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

FEMG

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

BKMC

BKMC Risk / Return Rank: 46
BKMC Sharpe Ratio Rank: 44
BKMC Sortino Ratio Rank: 45
BKMC Omega Ratio Rank: 41
BKMC Calmar Ratio Rank: 49
BKMC Martin Ratio Rank: 54

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.

FEMG vs. BKMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Growth ETF (FEMG) and BNY Mellon US Mid Cap Core Equity ETF (BKMC). 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.

	FEMG	BKMC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.38	—
Sortino ratio: Return per unit of downside risk	—	2.04	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.16	—
Martin ratio: Return relative to average drawdown	—	8.28	—

Drawdowns

FEMG vs. BKMC - Drawdown Comparison

The maximum FEMG drawdown since its inception was -4.66%, smaller than the maximum BKMC drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for FEMG and BKMC.

Drawdown Indicators

	FEMG	BKMC	Difference
Max Drawdown Largest peak-to-trough decline	-4.66%	-25.02%	+20.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.02%	—
Current Drawdown Current decline from peak	-1.89%	-0.88%	-1.01%
Average Drawdown Average peak-to-trough decline	-1.37%	-6.49%	+5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.56%	—

Volatility

Volatility by Period

	FEMG	BKMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	15.45%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	18.84%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	19.14%	-2.60%

FEMG vs. BKMC - Expense Ratio Comparison

FEMG has a 0.23% expense ratio, which is higher than BKMC's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FEMG vs. BKMC - Dividend Comparison

FEMG's dividend yield for the trailing twelve months is around 0.10%, less than BKMC's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.37%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEMG and BKMC in my portfolio?

FEMG and BKMC have a correlation of 0.79, 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 BKMC?

On fees, BKMC is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEMG or BKMC?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.23% for FEMG.

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

BKMC has the higher dividend yield at 1.37%, compared with 0.10% for FEMG.

What is the main difference between FEMG and BKMC?

They also come from different issuers: Fidelity and BNY Mellon. Their fees differ too: 0.23% for FEMG and 0.04% for BKMC.