FMDE vs. VNMC

Last updated Jun 5, 2026

FMDE (Fidelity Enhanced Mid Cap ETF) and VNMC (Natixis Vaughan Nelson Mid Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. FMDE charges 0.23%/yr vs 0.85%/yr for VNMC.

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.

Returns By Period

FMDE

• 1D: 0.22%
• 1M: 3.45%
• YTD: 10.64%
• 6M: 10.59%
• 1Y: 21.18%
• 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 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FMDE Fidelity Enhanced Mid Cap ETF	10.64%	12.19%	21.76%	8.91%
VNMC Natixis Vaughan Nelson Mid Cap ETF	0.00%	0.00%	10.34%	10.23%

Correlation

The correlation between FMDE and VNMC is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.38

FMDE vs. VNMC - Sectors Allocation Comparison

Sectors	FMDE	VNMC
Technology	20.6%	15.6%
Industrials	20.1%	24.0%
Financial Services	12.9%	16.9%
Consumer Cyclical	12.1%	10.8%
Healthcare	7.8%	7.6%
Energy	6.4%	5.9%
Real Estate	5.7%	4.6%
Utilities	5.0%	0.7%
Basic Materials	3.9%	10.2%
Communication Services	3.8%	2.0%
Consumer Defensive	1.7%	1.7%

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: 46
FMDE Omega Ratio Rank: 44
FMDE Calmar Ratio Rank: 53
FMDE Martin Ratio Rank: 58

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	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	10.11	—	—
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	1.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	—	—

Drawdowns

Drawdown Indicators

	FMDE	VNMC	Difference
Max Drawdown Largest peak-to-trough decline	-21.10%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-2.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	—	—

Volatility

Volatility by Period

	FMDE	VNMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	—	—

FMDE vs. VNMC - Expense Ratio Comparison

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

Dividends

FMDE vs. VNMC - Dividend Comparison

FMDE's dividend yield for the trailing twelve months is around 1.10%, while VNMC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
FMDE Fidelity Enhanced Mid Cap ETF	1.10%	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%

Frequently Asked Questions

Can I hold both FMDE and VNMC in my portfolio?

FMDE and VNMC have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMDE or VNMC?

On fees, FMDE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMDE or VNMC?

FMDE is cheaper with a 0.23% expense ratio, compared with 0.85% for VNMC.

Which ETF pays a higher dividend yield, FMDE or VNMC?

FMDE has the higher dividend yield at 1.10%, compared with 0.00% for VNMC.

What is the main difference between FMDE and VNMC?

They also come from different issuers: Fidelity and Groupe BPCE. Their fees differ too: 0.23% for FMDE and 0.85% for VNMC.