FMEIX vs. FLQM
Compare and contrast key facts about Fidelity Mid Cap Enhanced Index Fund (FMEIX) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM).
FMEIX is managed by Fidelity. It was launched on Dec 20, 2007. FLQM is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Mid Cap Equity Index. It was launched on Apr 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMEIX or FLQM.
Performance
FMEIX vs. FLQM - Performance Comparison
Returns By Period
FMEIX
N/A
N/A
N/A
N/A
N/A
N/A
FLQM
21.59%
5.47%
12.68%
32.16%
13.90%
N/A
Key characteristics
| FMEIX | FLQM |
|---|
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FMEIX vs. FLQM - Expense Ratio Comparison
FMEIX has a 0.45% expense ratio, which is higher than FLQM's 0.30% expense ratio.
Correlation
The correlation between FMEIX and FLQM is 0.78, 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.
Risk-Adjusted Performance
FMEIX vs. FLQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Enhanced Index Fund (FMEIX) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM). 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
FMEIX vs. FLQM - Dividend Comparison
FMEIX has not paid dividends to shareholders, while FLQM's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMEIX Fidelity Mid Cap Enhanced Index Fund | 0.00% | 1.59% | 3.40% | 13.85% | 3.45% | 3.85% | 10.62% | 6.61% | 1.30% | 1.79% | 10.21% | 5.77% |
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.21% | 1.27% | 1.33% | 1.05% | 1.09% | 1.36% | 1.45% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMEIX vs. FLQM - Drawdown Comparison
Volatility
FMEIX vs. FLQM - Volatility Comparison
The current volatility for Fidelity Mid Cap Enhanced Index Fund (FMEIX) is 0.00%, while Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) has a volatility of 4.01%. This indicates that FMEIX experiences smaller price fluctuations and is considered to be less risky than FLQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.