FMDE vs. CZA

In the year-to-date period, FMDE achieves a 1.39% return, which is significantly higher than CZA's 1.08% return.

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FMDE has a 0.23% expense ratio, which is lower than CZA's 0.69% expense ratio.

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.

The current FMDE Sharpe Ratio is 0.73, which is higher than the CZA Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FMDE and CZA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMDE's dividend yield for the trailing twelve months is around 1.16%, less than CZA's 1.26% yield.

The maximum FMDE drawdown since its inception was -21.10%, 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.

Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco Zacks Mid-Cap ETF (CZA) have volatilities of 5.03% and 4.89%, 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.