FMDE vs. AVUV
Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and Avantis U.S. Small Cap Value ETF (AVUV).
FMDE and AVUV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMDE is an actively managed fund by Fidelity. It was launched on Dec 20, 2007. AVUV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDE or AVUV.
Correlation
The correlation between FMDE and AVUV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMDE vs. AVUV - Performance Comparison
Key characteristics
FMDE:
1.54
AVUV:
0.40
FMDE:
2.14
AVUV:
0.73
FMDE:
1.27
AVUV:
1.09
FMDE:
2.98
AVUV:
0.76
FMDE:
8.39
AVUV:
1.93
FMDE:
2.48%
AVUV:
4.33%
FMDE:
13.55%
AVUV:
20.80%
FMDE:
-6.99%
AVUV:
-49.42%
FMDE:
-6.99%
AVUV:
-9.71%
Returns By Period
In the year-to-date period, FMDE achieves a 21.28% return, which is significantly higher than AVUV's 8.31% return.
FMDE
21.28%
-3.39%
11.94%
22.84%
N/A
N/A
AVUV
8.31%
-4.81%
9.15%
10.06%
13.91%
N/A
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FMDE vs. AVUV - Expense Ratio Comparison
FMDE has a 0.23% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FMDE vs. AVUV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Avantis U.S. Small Cap Value ETF (AVUV). 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.
Dividends
FMDE vs. AVUV - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 0.90%, less than AVUV's 1.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 0.90% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
AVUV Avantis U.S. Small Cap Value ETF | 1.63% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
Drawdowns
FMDE vs. AVUV - Drawdown Comparison
The maximum FMDE drawdown since its inception was -6.99%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for FMDE and AVUV. For additional features, visit the drawdowns tool.
Volatility
FMDE vs. AVUV - Volatility Comparison
The current volatility for Fidelity Enhanced Mid Cap ETF (FMDE) is 4.65%, while Avantis U.S. Small Cap Value ETF (AVUV) has a volatility of 5.80%. This indicates that FMDE experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.