FMDE vs. VNMC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

FMDE and VNMC 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. VNMC is an actively managed fund by Groupe BPCE. It was launched on Sep 17, 2020.

Performance

FMDE vs. VNMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Mid Cap ETF (FMDE) and Natixis Vaughan Nelson Mid Cap ETF (VNMC). The values are adjusted to include any dividend payments, if applicable.

FMDE vs. VNMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FMDE Fidelity Enhanced Mid Cap ETF	0.13%	12.19%	21.76%	8.91%
VNMC Natixis Vaughan Nelson Mid Cap ETF	0.00%	0.00%	10.34%	10.23%

Returns By Period

FMDE

• 1D: 1.00%
• 1M: -4.31%
• YTD: 0.13%
• 6M: 1.18%
• 1Y: 16.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VNMC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMDE vs. VNMC - Expense Ratio Comparison

FMDE has a 0.23% expense ratio, which is lower than VNMC's 0.85% expense ratio.

VNMC

Natixis Vaughan Nelson Mid Cap ETF

FMDE

Fidelity Enhanced Mid Cap ETF

Return for Risk

FMDE vs. VNMC — Risk / Return Rank

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

FMDE

FMDE Risk / Return Rank: 49
FMDE Sharpe Ratio Rank: 46
FMDE Sortino Ratio Rank: 47
FMDE Omega Ratio Rank: 46
FMDE Calmar Ratio Rank: 47
FMDE Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMDE vs. VNMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Natixis Vaughan Nelson Mid Cap ETF (VNMC). 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	VNMC	Difference
Sharpe ratio Return per unit of total volatility	0.88	—	—
Sortino ratio Return per unit of downside risk	1.34	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.29	—	—
Martin ratio Return relative to average drawdown	6.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FMDE	VNMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	—	—

Correlation

The correlation between FMDE and VNMC is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FMDE vs. VNMC - Dividend Comparison

FMDE's dividend yield for the trailing twelve months is around 1.22%, while VNMC has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
FMDE Fidelity Enhanced Mid Cap ETF	1.22%	1.23%	1.11%	0.10%	0.00%	0.00%	0.00%
VNMC Natixis Vaughan Nelson Mid Cap ETF	0.00%	0.00%	0.49%	1.08%	4.30%	10.12%	0.20%

Drawdowns

Drawdown Indicators

	FMDE	VNMC	Difference
Max Drawdown Largest peak-to-trough decline	-21.10%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	—	—
Current Drawdown Current decline from peak	-4.79%	—	—
Average Drawdown Average peak-to-trough decline	-2.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	FMDE	VNMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.86%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	—	—