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FMDE vs. IUS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMDE and IUS is 0.84, 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. IUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Mid Cap ETF (FMDE) and Invesco RAFI Strategic US ETF (IUS). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%December2025FebruaryMarchAprilMay
30.65%
20.52%
FMDE
IUS

Key characteristics

Sharpe Ratio

FMDE:

0.48

IUS:

0.33

Sortino Ratio

FMDE:

0.88

IUS:

0.66

Omega Ratio

FMDE:

1.12

IUS:

1.10

Calmar Ratio

FMDE:

0.49

IUS:

0.40

Martin Ratio

FMDE:

1.77

IUS:

1.63

Ulcer Index

FMDE:

5.89%

IUS:

3.88%

Daily Std Dev

FMDE:

19.47%

IUS:

16.39%

Max Drawdown

FMDE:

-21.10%

IUS:

-34.67%

Current Drawdown

FMDE:

-8.01%

IUS:

-6.51%

Returns By Period

In the year-to-date period, FMDE achieves a -1.48% return, which is significantly higher than IUS's -1.93% return.


FMDE

YTD

-1.48%

1M

7.86%

6M

-5.75%

1Y

9.22%

5Y*

N/A

10Y*

N/A

IUS

YTD

-1.93%

1M

2.47%

6M

-5.23%

1Y

5.43%

5Y*

17.16%

10Y*

N/A

*Annualized

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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%.


Risk-Adjusted Performance

FMDE vs. IUS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMDE
The Risk-Adjusted Performance Rank of FMDE is 5959
Overall Rank
The Sharpe Ratio Rank of FMDE is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of FMDE is 6060
Sortino Ratio Rank
The Omega Ratio Rank of FMDE is 6060
Omega Ratio Rank
The Calmar Ratio Rank of FMDE is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FMDE is 5757
Martin Ratio Rank

IUS
The Risk-Adjusted Performance Rank of IUS is 4949
Overall Rank
The Sharpe Ratio Rank of IUS is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of IUS is 4747
Sortino Ratio Rank
The Omega Ratio Rank of IUS is 4949
Omega Ratio Rank
The Calmar Ratio Rank of IUS is 5454
Calmar Ratio Rank
The Martin Ratio Rank of IUS is 5454
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FMDE Sharpe Ratio is 0.48, which is higher than the IUS Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of FMDE and IUS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.48
0.33
FMDE
IUS

Dividends

FMDE vs. IUS - Dividend Comparison

FMDE's dividend yield for the trailing twelve months is around 1.19%, less than IUS's 1.64% yield.


TTM2024202320222021202020192018
FMDE
Fidelity Enhanced Mid Cap ETF
1.19%1.11%0.10%0.00%0.00%0.00%0.00%0.00%
IUS
Invesco RAFI Strategic US ETF
1.64%1.52%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 -21.10%, 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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-8.01%
-6.51%
FMDE
IUS

Volatility

FMDE vs. IUS - Volatility Comparison

Fidelity Enhanced Mid Cap ETF (FMDE) has a higher volatility of 6.33% compared to Invesco RAFI Strategic US ETF (IUS) at 5.74%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
6.33%
5.74%
FMDE
IUS