FEMV vs. XMVM
FEMV (Fidelity Enhanced Mid Cap Value ETF) and XMVM (Invesco S&P MidCap Value with Momentum ETF) are both exchange-traded funds - FEMV is a Mid Cap Value Equities fund actively managed by Fidelity, while XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index. FEMV is actively managed, while XMVM is passively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. FEMV charges 0.23%/yr vs 0.39%/yr for XMVM.
Performance
FEMV vs. XMVM - Performance Comparison
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Returns By Period
FEMV
- 1D
- 0.50%
- 1M
- 2.61%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XMVM
- 1D
- 0.30%
- 1M
- 3.97%
- 6M
- 14.17%
- YTD
- 17.25%
- 1Y
- 32.88%
- 3Y*
- 17.68%
- 5Y*
- 12.70%
- 10Y*
- 12.19%
- ALL TIME*
- 9.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.73K | $43.86K | $125.28K | |
| $1.41M | $1.77M | $1.87M |
FEMV vs. XMVM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMV Fidelity Enhanced Mid Cap Value ETF | 8.50% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 8.35% |
Correlation
The correlation between FEMV and XMVM is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 30, 2026 | 0.63 |
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Return for Risk
FEMV vs. XMVM — Risk / Return Rank
FEMV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XMVM
FEMV vs. XMVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap Value ETF (FEMV) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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 | XMVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.60 | — |
| Martin ratioReturn relative to average drawdown | — | 11.43 | — |
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Drawdowns
FEMV vs. XMVM - Drawdown Comparison
The maximum FEMV drawdown since its inception was -2.69%, smaller than the maximum XMVM drawdown of -62.83%. Use the drawdown chart below to compare losses from any high point for FEMV and XMVM.
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Drawdown Indicators
| FEMV | XMVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -62.83% | +60.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -10.20% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.90% | — |
Volatility
FEMV vs. XMVM - Volatility Comparison
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Volatility by Period
| FEMV | XMVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 14.86% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 21.26% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 22.75% | -11.40% |
FEMV vs. XMVM - Expense Ratio Comparison
FEMV has a 0.23% expense ratio, which is lower than XMVM's 0.39% expense ratio.
Dividends
FEMV vs. XMVM - Dividend Comparison
FEMV's dividend yield for the trailing twelve months is around 0.26%, less than XMVM's 1.79% 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% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.79% | 2.07% | 1.43% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% |
Frequently Asked Questions
FEMV and XMVM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEMV is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEMV is cheaper with a 0.23% expense ratio, compared with 0.39% for XMVM.
XMVM has the higher dividend yield at 1.79%, compared with 0.26% for FEMV.
FEMV is categorized as Mid Cap Value Equities, while XMVM is Momentum. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.23% for FEMV and 0.39% for XMVM.
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