FMDE vs. CZA
Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco Zacks Mid-Cap ETF (CZA).
FMDE and CZA 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. CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDE or CZA.
Performance
FMDE vs. CZA - Performance Comparison
Returns By Period
In the year-to-date period, FMDE achieves a 25.37% return, which is significantly higher than CZA's 16.70% return.
FMDE
25.37%
2.80%
13.13%
N/A
N/A
N/A
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
Key characteristics
| FMDE | CZA | |
|---|---|---|
| Daily Std Dev | 13.26% | 12.09% |
| Max Drawdown | -6.79% | -53.20% |
| Current Drawdown | -2.29% | -2.68% |
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FMDE vs. CZA - Expense Ratio Comparison
FMDE has a 0.23% expense ratio, which is lower than CZA's 0.69% expense ratio.
Correlation
The correlation between FMDE and CZA is 0.88, 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.
Risk-Adjusted Performance
FMDE vs. CZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco Zacks Mid-Cap ETF (CZA). 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.
Not enough dataDividends
FMDE vs. CZA - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 0.87%, less than CZA's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 0.87% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CZA Invesco Zacks Mid-Cap ETF | 1.17% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.26% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
Drawdowns
FMDE vs. CZA - Drawdown Comparison
The maximum FMDE drawdown since its inception was -6.79%, smaller than the maximum CZA drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for FMDE and CZA. For additional features, visit the drawdowns tool.
Volatility
FMDE vs. CZA - Volatility Comparison
Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco Zacks Mid-Cap ETF (CZA) have volatilities of 4.32% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.