FMDE vs. IUS
Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco RAFI Strategic US ETF (IUS).
FMDE and IUS 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. IUS is a passively managed fund by Invesco that tracks the performance of the Invesco Strategic US Index. It was launched on Sep 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDE or IUS.
Performance
FMDE vs. IUS - Performance Comparison
Returns By Period
In the year-to-date period, FMDE achieves a 25.37% return, which is significantly higher than IUS's 19.23% return.
FMDE
25.37%
2.80%
13.13%
N/A
N/A
N/A
IUS
19.23%
0.55%
8.44%
26.50%
15.76%
N/A
Key characteristics
| FMDE | IUS | |
|---|---|---|
| Daily Std Dev | 13.26% | 10.50% |
| Max Drawdown | -6.79% | -34.67% |
| Current Drawdown | -2.29% | -1.49% |
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FMDE vs. IUS - Expense Ratio Comparison
FMDE has a 0.23% expense ratio, which is higher than IUS's 0.19% 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%.
Correlation
The correlation between FMDE and IUS is 0.89, 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. IUS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco RAFI Strategic US ETF (IUS). 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. IUS - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 0.87%, less than IUS's 1.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 0.87% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS Invesco RAFI Strategic US ETF | 1.48% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% |
Drawdowns
FMDE vs. IUS - Drawdown Comparison
The maximum FMDE drawdown since its inception was -6.79%, smaller than the maximum IUS drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for FMDE and IUS. For additional features, visit the drawdowns tool.
Volatility
FMDE vs. IUS - Volatility Comparison
Fidelity Enhanced Mid Cap ETF (FMDE) has a higher volatility of 4.32% compared to Invesco RAFI Strategic US ETF (IUS) at 3.60%. This indicates that FMDE's price experiences larger fluctuations and is considered to be riskier than IUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.