FMDE vs. FSMVX
Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and Fidelity Mid Cap Value Fund (FSMVX).
FMDE is an actively managed fund by Fidelity. It was launched on Dec 20, 2007. FSMVX is managed by Fidelity. It was launched on Nov 15, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDE or FSMVX.
Correlation
The correlation between FMDE and FSMVX is 0.93, 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. FSMVX - Performance Comparison
Key characteristics
FMDE:
1.54
FSMVX:
0.80
FMDE:
2.14
FSMVX:
1.21
FMDE:
1.27
FSMVX:
1.14
FMDE:
2.98
FSMVX:
1.30
FMDE:
8.39
FSMVX:
3.96
FMDE:
2.48%
FSMVX:
3.11%
FMDE:
13.55%
FSMVX:
15.42%
FMDE:
-6.99%
FSMVX:
-62.80%
FMDE:
-6.99%
FSMVX:
-9.49%
Returns By Period
In the year-to-date period, FMDE achieves a 21.28% return, which is significantly higher than FSMVX's 12.02% return.
FMDE
21.28%
-3.39%
11.94%
22.84%
N/A
N/A
FSMVX
12.02%
-5.34%
6.95%
14.34%
8.29%
4.38%
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FMDE vs. FSMVX - Expense Ratio Comparison
FMDE has a 0.23% expense ratio, which is lower than FSMVX's 0.57% expense ratio.
Risk-Adjusted Performance
FMDE vs. FSMVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Fidelity Mid Cap Value Fund (FSMVX). 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. FSMVX - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 0.90%, while FSMVX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 0.90% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSMVX Fidelity Mid Cap Value Fund | 0.00% | 0.79% | 1.45% | 1.30% | 1.99% | 1.87% | 2.45% | 1.88% | 1.34% | 2.30% | 7.49% | 10.13% |
Drawdowns
FMDE vs. FSMVX - Drawdown Comparison
The maximum FMDE drawdown since its inception was -6.99%, smaller than the maximum FSMVX drawdown of -62.80%. Use the drawdown chart below to compare losses from any high point for FMDE and FSMVX. For additional features, visit the drawdowns tool.
Volatility
FMDE vs. FSMVX - Volatility Comparison
Fidelity Enhanced Mid Cap ETF (FMDE) and Fidelity Mid Cap Value Fund (FSMVX) have volatilities of 4.65% and 4.77%, 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.