FEMV vs. IWS
FEMV (Fidelity Enhanced Mid Cap Value ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds. FEMV is actively managed, while IWS is passively managed. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.23% expense ratio.
Performance
FEMV vs. IWS - Performance Comparison
Loading charts...
Returns By Period
FEMV
- 1D
- 0.50%
- 1M
- 2.61%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWS
- 1D
- 0.60%
- 1M
- 1.42%
- 6M
- 13.76%
- YTD
- 19.47%
- 1Y
- 23.75%
- 3Y*
- 15.50%
- 5Y*
- 9.61%
- 10Y*
- 10.15%
- ALL TIME*
- 9.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.73K | $43.86K | $125.28K | |
| $93.14M | $94.49M | $73.07M |
FEMV vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMV Fidelity Enhanced Mid Cap Value ETF | 8.50% |
IWS iShares Russell Mid-Cap Value ETF | 9.08% |
Correlation
The correlation between FEMV and IWS is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 30, 2026 | 0.93 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEMV vs. IWS — Risk / Return Rank
FEMV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWS
FEMV vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Value ETF (FEMV) and iShares Russell Mid-Cap Value ETF (IWS). 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.
| FEMV | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.17 | — |
| Martin ratioReturn relative to average drawdown | — | 12.01 | — |
Loading charts...
Drawdowns
FEMV vs. IWS - Drawdown Comparison
The maximum FEMV drawdown since its inception was -2.69%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FEMV and IWS.
Loading charts...
Drawdown Indicators
| FEMV | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -62.40% | +59.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.83% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -7.98% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.00% | — |
Volatility
FEMV vs. IWS - Volatility Comparison
Loading charts...
Volatility by Period
| FEMV | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 13.45% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 17.26% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 19.31% | -7.96% |
FEMV vs. IWS - Expense Ratio Comparison
Both FEMV and IWS have an expense ratio of 0.23%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FEMV vs. IWS - Dividend Comparison
FEMV's dividend yield for the trailing twelve months is around 0.26%, less than IWS's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMV Fidelity Enhanced Mid Cap Value ETF | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWS iShares Russell Mid-Cap Value ETF | 1.30% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
With a correlation of 0.93, FEMV and IWS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.23% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FEMV and IWS have the same expense ratio: 0.23% per year.
IWS has the higher dividend yield at 1.30%, compared with 0.26% for FEMV.
They also come from different issuers: Fidelity and iShares.
Find the right allocation for FEMV and IWS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer