IJH vs. FMDE

Last updated Jun 26, 2026

IJH (iShares Core S&P Mid-Cap ETF) and FMDE (Fidelity Enhanced Mid Cap ETF) are both Mid Cap Blend Equities funds. IJH is passively managed, while FMDE is actively managed. Over the past year, IJH returned 26.90% vs 21.70% for FMDE. Their correlation of 0.94 suggests significant overlap in exposure. IJH charges 0.05%/yr vs 0.23%/yr for FMDE.

Performance

IJH vs. FMDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and Fidelity Enhanced Mid Cap ETF (FMDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJH achieves a 16.41% return, which is significantly higher than FMDE's 12.03% return.

IJH

• 1D: 0.92%
• 1M: 2.68%
• YTD: 16.41%
• 6M: 14.13%
• 1Y: 26.90%
• 3Y*: 16.39%
• 5Y*: 8.61%
• 10Y*: 12.13%

FMDE

• 1D: 1.05%
• 1M: 2.75%
• YTD: 12.03%
• 6M: 10.48%
• 1Y: 21.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IJH vs. FMDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IJH iShares Core S&P Mid-Cap ETF	16.41%	7.42%	13.92%	9.93%
FMDE Fidelity Enhanced Mid Cap ETF	12.03%	12.19%	21.76%	9.09%

Correlation

The correlation between IJH and FMDE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.94

The correlation between IJH and FMDE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

IJH vs. FMDE - Sectors Allocation Comparison

Sectors	IJH	FMDE
Industrials	25.9%	19.8%
Technology	16.6%	23.3%
Financial Services	13.5%	12.1%
Consumer Cyclical	9.2%	12.0%
Healthcare	8.7%	7.6%
Real Estate	7.5%	5.1%
Energy	5.3%	5.7%
Basic Materials	4.9%	4.3%
Consumer Defensive	4.2%	1.5%
Utilities	3.0%	4.6%
Communication Services	1.0%	4.1%

Return for Risk

IJH vs. FMDE — Risk / Return Rank

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

IJH

IJH Risk / Return Rank: 63
IJH Sharpe Ratio Rank: 59
IJH Sortino Ratio Rank: 61
IJH Omega Ratio Rank: 56
IJH Calmar Ratio Rank: 70
IJH Martin Ratio Rank: 70

FMDE

FMDE Risk / Return Rank: 56
FMDE Sharpe Ratio Rank: 53
FMDE Sortino Ratio Rank: 53
FMDE Omega Ratio Rank: 49
FMDE Calmar Ratio Rank: 61
FMDE Martin Ratio Rank: 65

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.

IJH vs. FMDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and Fidelity Enhanced Mid Cap ETF (FMDE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IJH	FMDE	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.57	+0.13
Sortino ratio: Return per unit of downside risk	2.48	2.25	+0.23
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	3.06	2.62	+0.44
Martin ratio: Return relative to average drawdown	11.18	10.26	+0.92

IJH vs. FMDE - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.71, which is comparable to the FMDE Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of IJH and FMDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IJH vs. FMDE - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, which is greater than FMDE's maximum drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for IJH and FMDE.

Drawdown Indicators

	IJH	FMDE	Difference
Max Drawdown Largest peak-to-trough decline	-55.07%	-21.10%	-33.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-8.33%	-0.50%
Max Drawdown (3Y) Largest decline over 3 years	-24.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.18%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.55%	-2.61%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.12%	+0.29%

Volatility

IJH vs. FMDE - Volatility Comparison

iShares Core S&P Mid-Cap ETF (IJH) and Fidelity Enhanced Mid Cap ETF (FMDE) have volatilities of 4.57% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJH	FMDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	4.57%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	10.52%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	13.95%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.76%	16.16%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	16.16%	+5.00%

IJH vs. FMDE - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is lower than FMDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJH vs. FMDE - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.16%, more than FMDE's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMDE Fidelity Enhanced Mid Cap ETF	1.08%	1.23%	1.11%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IJH iShares Core S&P Mid-Cap ETF	1.16%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%

Frequently Asked Questions

Can I hold both IJH and FMDE in my portfolio?

With a correlation of 0.93, IJH and FMDE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IJH or FMDE?

FMDE has higher volatility (4.57%) compared to IJH (4.57%). In terms of maximum drawdown, IJH dropped -55.07% vs FMDE's -21.10%.

Which ETF is better, IJH or FMDE?

On 1-year performance, IJH leads with 26.90% vs 21.70% for FMDE. On fees, IJH is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJH or FMDE?

Over the 1-year period, IJH has performed better with a 26.90% return vs 21.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJH or FMDE?

IJH is cheaper with a 0.05% expense ratio, compared with 0.23% for FMDE.

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

IJH has the higher dividend yield at 1.16%, compared with 1.08% for FMDE.

What is the main difference between IJH and FMDE?

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.05% for IJH and 0.23% for FMDE.

Which has better risk-adjusted returns?

IJH currently has the higher Sharpe Ratio (1.71 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.