FMDE vs. FDEGX

In the year-to-date period, FMDE achieves a -1.48% return, which is significantly lower than FDEGX's 1.27% return.

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FMDE has a 0.23% expense ratio, which is lower than FDEGX's 0.63% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Fidelity Growth Strategies Fund (FDEGX). 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 0.48, which is comparable to the FDEGX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of FMDE and FDEGX, 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 1.19%, less than FDEGX's 7.79% yield.

The maximum FMDE drawdown since its inception was -21.10%, smaller than the maximum FDEGX drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for FMDE and FDEGX. For additional features, visit the drawdowns tool.

The current volatility for Fidelity Enhanced Mid Cap ETF (FMDE) is 6.33%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 8.47%. This indicates that FMDE experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.