FMDE vs. IJR
Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and iShares Core S&P Small-Cap ETF (IJR).
FMDE and IJR 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. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDE or IJR.
Correlation
The correlation between FMDE and IJR is 0.87, 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. IJR - Performance Comparison
Key characteristics
FMDE:
1.54
IJR:
0.45
FMDE:
2.14
IJR:
0.78
FMDE:
1.27
IJR:
1.09
FMDE:
2.98
IJR:
0.74
FMDE:
8.39
IJR:
2.40
FMDE:
2.48%
IJR:
3.70%
FMDE:
13.55%
IJR:
19.78%
FMDE:
-6.99%
IJR:
-58.15%
FMDE:
-6.99%
IJR:
-8.81%
Returns By Period
In the year-to-date period, FMDE achieves a 21.28% return, which is significantly higher than IJR's 8.50% return.
FMDE
21.28%
-3.39%
11.94%
22.84%
N/A
N/A
IJR
8.50%
-3.89%
10.81%
10.80%
8.29%
8.99%
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FMDE vs. IJR - Expense Ratio Comparison
FMDE has a 0.23% expense ratio, which is higher than IJR's 0.07% expense ratio. However, 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. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and iShares Core S&P Small-Cap ETF (IJR). 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. IJR - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 0.90%, less than IJR's 2.05% yield.
| 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% |
IJR iShares Core S&P Small-Cap ETF | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
FMDE vs. IJR - Drawdown Comparison
The maximum FMDE drawdown since its inception was -6.99%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for FMDE and IJR. For additional features, visit the drawdowns tool.
Volatility
FMDE vs. IJR - Volatility Comparison
The current volatility for Fidelity Enhanced Mid Cap ETF (FMDE) is 4.65%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 5.89%. This indicates that FMDE experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.