FMED vs. FDHT
Compare and contrast key facts about Fidelity Disruptive Medicine ETF (FMED) and Fidelity Digital Health ETF (FDHT).
FMED and FDHT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMED is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. FDHT is a passively managed fund by Fidelity that tracks the performance of the Fidelity Digital Health Index. It was launched on Oct 5, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMED or FDHT.
Key characteristics
| FMED | FDHT | |
|---|---|---|
| YTD Return | 8.32% | 7.23% |
| 1Y Return | 26.61% | 29.51% |
| Sharpe Ratio | 1.60 | 1.59 |
| Sortino Ratio | 2.29 | 2.26 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 1.21 | 0.66 |
| Martin Ratio | 7.10 | 8.01 |
| Ulcer Index | 3.58% | 3.53% |
| Daily Std Dev | 15.95% | 17.83% |
| Max Drawdown | -21.84% | -44.80% |
| Current Drawdown | -1.25% | -24.17% |
Correlation
The correlation between FMED and FDHT is 0.80, 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
FMED vs. FDHT - Performance Comparison
In the year-to-date period, FMED achieves a 8.32% return, which is significantly higher than FDHT's 7.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMED vs. FDHT - Expense Ratio Comparison
FMED has a 0.50% expense ratio, which is higher than FDHT's 0.39% expense ratio.
Risk-Adjusted Performance
FMED vs. FDHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Medicine ETF (FMED) and Fidelity Digital Health ETF (FDHT). 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
FMED vs. FDHT - Dividend Comparison
FMED has not paid dividends to shareholders, while FDHT's dividend yield for the trailing twelve months is around 0.06%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FMED Fidelity Disruptive Medicine ETF | 0.00% | 0.00% | 0.00% |
FDHT Fidelity Digital Health ETF | 0.06% | 0.04% | 0.12% |
Drawdowns
FMED vs. FDHT - Drawdown Comparison
The maximum FMED drawdown since its inception was -21.84%, smaller than the maximum FDHT drawdown of -44.80%. Use the drawdown chart below to compare losses from any high point for FMED and FDHT. For additional features, visit the drawdowns tool.
Volatility
FMED vs. FDHT - Volatility Comparison
The current volatility for Fidelity Disruptive Medicine ETF (FMED) is 3.52%, while Fidelity Digital Health ETF (FDHT) has a volatility of 4.62%. This indicates that FMED experiences smaller price fluctuations and is considered to be less risky than FDHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.