FMDE vs. VOO
Compare and contrast key facts about Fidelity Enhanced Mid Cap ETF (FMDE) and Vanguard S&P 500 ETF (VOO).
FMDE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDE or VOO.
Correlation
The correlation between FMDE and VOO is 0.81, 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. VOO - Performance Comparison
Key characteristics
FMDE:
1.54
VOO:
2.04
FMDE:
2.14
VOO:
2.72
FMDE:
1.27
VOO:
1.38
FMDE:
2.98
VOO:
3.02
FMDE:
8.39
VOO:
13.60
FMDE:
2.48%
VOO:
1.88%
FMDE:
13.55%
VOO:
12.52%
FMDE:
-6.99%
VOO:
-33.99%
FMDE:
-6.99%
VOO:
-3.52%
Returns By Period
In the year-to-date period, FMDE achieves a 21.28% return, which is significantly lower than VOO's 24.65% return.
FMDE
21.28%
-3.39%
11.94%
22.84%
N/A
N/A
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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FMDE vs. VOO - Expense Ratio Comparison
FMDE has a 0.23% expense ratio, which is higher than VOO's 0.03% 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Mid Cap ETF (FMDE) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
FMDE vs. VOO - Dividend Comparison
FMDE's dividend yield for the trailing twelve months is around 0.90%, less than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 0.90% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 0.92% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FMDE vs. VOO - Drawdown Comparison
The maximum FMDE drawdown since its inception was -6.99%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FMDE and VOO. For additional features, visit the drawdowns tool.
Volatility
FMDE vs. VOO - Volatility Comparison
Fidelity Enhanced Mid Cap ETF (FMDE) has a higher volatility of 4.65% compared to Vanguard S&P 500 ETF (VOO) at 3.56%. This indicates that FMDE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.