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.
Performance
FMDE vs. IUS - Performance Comparison
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FMDE vs. IUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 0.13% | 12.19% | 21.76% | 8.91% |
IUS Invesco RAFI Strategic US ETF | 2.11% | 16.94% | 16.51% | 5.47% |
Returns By Period
In the year-to-date period, FMDE achieves a 0.13% return, which is significantly lower than IUS's 2.11% return.
FMDE
- 1D
- 1.00%
- 1M
- -4.31%
- YTD
- 0.13%
- 6M
- 1.18%
- 1Y
- 16.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUS
- 1D
- 0.41%
- 1M
- -3.67%
- YTD
- 2.11%
- 6M
- 5.62%
- 1Y
- 19.49%
- 3Y*
- 16.83%
- 5Y*
- 12.35%
- 10Y*
- —
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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%.
Return for Risk
FMDE vs. IUS — Risk / Return Rank
FMDE
IUS
FMDE vs. IUS - Risk-Adjusted Trends 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.
| FMDE | IUS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.22 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.78 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.65 | -0.36 |
Martin ratioReturn relative to average drawdown | 6.09 | 8.19 | -2.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMDE | IUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.22 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.76 | +0.37 |
Correlation
The correlation between FMDE and IUS is 0.88, 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.
Dividends
FMDE vs. IUS - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 1.22%, less than IUS's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 1.22% | 1.23% | 1.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS Invesco RAFI Strategic US ETF | 1.45% | 1.48% | 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.
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Drawdown Indicators
| FMDE | IUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.10% | -34.67% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -11.91% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.72% | — |
Current DrawdownCurrent decline from peak | -4.79% | -3.83% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -3.94% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.40% | +0.45% |
Volatility
FMDE vs. IUS - Volatility Comparison
Fidelity Enhanced Mid Cap ETF (FMDE) has a higher volatility of 5.55% compared to Invesco RAFI Strategic US ETF (IUS) at 4.00%. 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.
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Volatility by Period
| FMDE | IUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.00% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 8.09% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 16.06% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 15.09% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 18.18% | -1.80% |