FEMG vs. FBND
FEMG (Fidelity Enhanced Mid Cap Growth ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - FEMG is a Mid Cap Growth Equities fund actively managed by Fidelity, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. FEMG charges 0.23%/yr vs 0.36%/yr for FBND.
Performance
FEMG vs. FBND - Performance Comparison
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Returns By Period
FEMG
- 1D
- 0.82%
- 1M
- 1.31%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBND
- 1D
- 0.48%
- 1M
- 1.18%
- YTD
- 1.21%
- 6M
- 1.00%
- 1Y
- 4.91%
- 3Y*
- 4.90%
- 5Y*
- 0.92%
- 10Y*
- 2.59%
FEMG vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMG Fidelity Enhanced Mid Cap Growth ETF | 3.75% |
FBND Fidelity Total Bond ETF | 0.95% |
Correlation
The correlation between FEMG and FBND is 0.67, 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 | 0.67 |
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Return for Risk
FEMG vs. FBND — Risk / Return Rank
FEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FBND
FEMG vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Growth ETF (FEMG) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.85 | — |
| Martin ratioReturn relative to average drawdown | — | 5.29 | — |
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Drawdowns
FEMG vs. FBND - Drawdown Comparison
The maximum FEMG drawdown since its inception was -4.66%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FEMG and FBND.
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Drawdown Indicators
| FEMG | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.66% | -17.25% | +12.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -1.89% | -0.73% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -3.34% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.93% | — |
Volatility
FEMG vs. FBND - Volatility Comparison
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Volatility by Period
| FEMG | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 3.85% | +12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 5.93% | +10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 6.10% | +10.44% |
FEMG vs. FBND - Expense Ratio Comparison
FEMG has a 0.23% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
FEMG vs. FBND - Dividend Comparison
FEMG's dividend yield for the trailing twelve months is around 0.10%, less than FBND's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.67% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FEMG Fidelity Enhanced Mid Cap Growth ETF | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEMG and FBND have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FEMG is cheaper with a 0.23% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.67%, compared with 0.10% for FEMG.
FEMG is categorized as Mid Cap Growth Equities, while FBND is Intermediate Core-Plus Bond. Their fees differ too: 0.23% for FEMG and 0.36% for FBND.
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