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IJH vs. FMDE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. FMDE

Last updated Jun 5, 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 26.23% vs 21.18% 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.

Loading charts...

Returns By Period

In the year-to-date period, IJH achieves a 14.60% return, which is significantly higher than FMDE's 10.64% return.

IJH

1D
0.44%
1M
2.99%
YTD
14.60%
6M
14.27%
1Y
26.23%
3Y*
16.69%
5Y*
8.26%
10Y*
11.23%

FMDE

1D
0.22%
1M
3.45%
YTD
10.64%
6M
10.59%
1Y
21.18%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. FMDE - Yearly Performance Comparison

2026 (YTD)202520242023
IJH
iShares Core S&P Mid-Cap ETF		14.60%7.42%13.92%9.44%
FMDE
Fidelity Enhanced Mid Cap ETF		10.64%12.19%21.76%8.91%

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 21, 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

25.0%
20.1%

Technology

15.7%
20.6%

Financial Services

14.4%
12.9%

Consumer Cyclical

10.7%
12.1%

Healthcare

8.6%
7.8%

Real Estate

7.5%
5.7%

Energy

5.5%
6.4%

Basic Materials

4.8%
3.9%

Consumer Defensive

3.8%
1.7%

Utilities

3.1%
5.0%

Communication Services

1.0%
3.8%

Industrials

IJH
25.0%
FMDE
20.1%

Technology

IJH
15.7%
FMDE
20.6%

Financial Services

IJH
14.4%
FMDE
12.9%

Consumer Cyclical

IJH
10.7%
FMDE
12.1%

Healthcare

IJH
8.6%
FMDE
7.8%

Real Estate

IJH
7.5%
FMDE
5.7%

Energy

IJH
5.5%
FMDE
6.4%

Basic Materials

IJH
4.8%
FMDE
3.9%

Consumer Defensive

IJH
3.8%
FMDE
1.7%

Utilities

IJH
3.1%
FMDE
5.0%

Communication Services

IJH
1.0%
FMDE
3.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Mid-Cap ETF

Fidelity Enhanced Mid Cap ETF

Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. IVOOIJH vs. SCHM
Often compared with FMDE:
FMDE vs. VOOFMDE vs. FSMVXFMDE vs. CZAFMDE vs. VLIFXFMDE vs. AVUVFMDE vs. IUSFMDE vs. FDEGX

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: 5555
Overall Rank
IJH Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJH Omega Ratio Rank: 4949
Omega Ratio Rank
IJH Calmar Ratio Rank: 6161
Calmar Ratio Rank
IJH Martin Ratio Rank: 6262
Martin Ratio Rank
FMDE
FMDE Risk / Return Rank: 4949
Overall Rank
FMDE Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
FMDE Sortino Ratio Rank: 4646
Sortino Ratio Rank
FMDE Omega Ratio Rank: 4444
Omega Ratio Rank
FMDE Calmar Ratio Rank: 5353
Calmar Ratio Rank
FMDE Martin Ratio Rank: 5858
Martin Ratio Rank
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.

IJHFMDEDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.57

+0.13

Sortino ratioReturn per unit of downside risk
2.48
2.25

+0.23

Omega ratioGain probability vs. loss probability

1.30

1.28

+0.03

Calmar ratioReturn relative to maximum drawdown

2.98

2.55

+0.43

Martin ratioReturn relative to average drawdown

10.93

10.11

+0.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJH vs. FMDE - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.70, 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.

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Sharpe Ratios by Period

IJHFMDEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

1.57

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

1.36

-0.90

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.

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Drawdown Indicators

IJHFMDEDifference

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

-7.57%

-2.64%

-4.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

2.10%

+0.31%

Volatility

IJH vs. FMDE - Volatility Comparison

iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 4.24% compared to Fidelity Enhanced Mid Cap ETF (FMDE) at 3.16%. This indicates that IJH's price experiences larger fluctuations and is considered to be riskier than FMDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJHFMDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

3.16%

+1.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.31%

9.81%

+1.50%

Volatility (1Y)

Calculated over the trailing 1-year period

15.50%

13.59%

+1.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.74%

16.12%

+3.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.17%

16.12%

+5.05%

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 1.18%, more than FMDE's 1.10% yield.

PositionTTM20252024202320222021202020192018201720162015
FMDE
Fidelity Enhanced Mid Cap ETF		1.10%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		1.18%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

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.

IJH has higher volatility (4.24%) compared to FMDE (3.16%). In terms of maximum drawdown, IJH dropped -55.07% vs FMDE's -21.10%.

On 1-year performance, IJH leads with 26.23% vs 21.18% for FMDE. On fees, IJH is cheaper at 0.05% per year. On volatility, FMDE has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IJH has performed better with a 26.23% return vs 21.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IJH has the higher dividend yield at 1.18%, compared with 1.10% for FMDE.

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

IJH currently has the higher Sharpe Ratio (1.70 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.

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