FEMG vs. MID

Last updated Jun 4, 2026

FEMG (Fidelity Enhanced Mid Cap Growth ETF) and MID (American Century Mid Cap Growth Impact ETF) are both Mid Cap Growth Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. FEMG charges 0.23%/yr vs 0.45%/yr for MID.

Performance

FEMG vs. MID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Mid Cap Growth ETF (FEMG) and American Century Mid Cap Growth Impact ETF (MID). 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*: —

MID

• 1D: -0.48%
• 1M: 3.85%
• YTD: 5.47%
• 6M: 2.66%
• 1Y: 6.76%
• 3Y*: 14.41%
• 5Y*: 6.25%
• 10Y*: —

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

FEMG vs. MID - Yearly Performance Comparison

	2026 (YTD)
FEMG Fidelity Enhanced Mid Cap Growth ETF	4.23%
MID American Century Mid Cap Growth Impact ETF	4.27%

Correlation

The correlation between FEMG and MID is 0.82, 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 May 1, 2026	0.82

FEMG vs. MID - Sectors Allocation Comparison

Sectors	FEMG	MID
Industrials	26.5%	25.5%
Technology	24.0%	21.9%
Consumer Cyclical	17.4%	12.2%
Healthcare	12.6%	18.7%
Financial Services	6.0%	6.1%
Energy	3.3%	7.3%
Utilities	2.9%	4.4%
Communication Services	2.7%	-
Real Estate	1.8%	-
Consumer Defensive	1.4%	1.6%
Basic Materials	0.7%	2.3%

Return for Risk

FEMG vs. MID — Risk / Return Rank

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

MID

MID Risk / Return Rank: 15
MID Sharpe Ratio Rank: 15
MID Sortino Ratio Rank: 14
MID Omega Ratio Rank: 14
MID Calmar Ratio Rank: 15
MID Martin Ratio Rank: 16

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. MID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Growth ETF (FEMG) and American Century Mid Cap Growth Impact ETF (MID). 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	MID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.41	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.78	0.41	+4.38

Drawdowns

FEMG vs. MID - Drawdown Comparison

The maximum FEMG drawdown since its inception was -3.29%, smaller than the maximum MID drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for FEMG and MID.

Drawdown Indicators

	FEMG	MID	Difference
Max Drawdown Largest peak-to-trough decline	-3.29%	-40.15%	+36.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.15%	—
Current Drawdown Current decline from peak	-1.18%	-0.48%	-0.70%
Average Drawdown Average peak-to-trough decline	-0.96%	-13.44%	+12.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.66%	—

Volatility

Volatility by Period

	FEMG	MID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	16.73%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	23.63%	-11.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	23.92%	-11.63%

FEMG vs. MID - Expense Ratio Comparison

FEMG has a 0.23% expense ratio, which is lower than MID's 0.45% expense ratio.

Dividends

FEMG vs. MID - Dividend Comparison

FEMG has not paid dividends to shareholders, while MID's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%
MID American Century Mid Cap Growth Impact ETF	0.15%	0.18%	0.17%	0.02%

Frequently Asked Questions

Can I hold both FEMG and MID in my portfolio?

FEMG and MID have a correlation of 0.82, 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 MID?

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 MID?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.45% for MID.

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

MID has the higher dividend yield at 0.15%, compared with 0.00% for FEMG.

What is the main difference between FEMG and MID?

They also come from different issuers: Fidelity and American Century. Their fees differ too: 0.23% for FEMG and 0.45% for MID.