MID vs. FEMG

Last updated Jun 4, 2026

MID (American Century Mid Cap Growth Impact ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. MID charges 0.45%/yr vs 0.23%/yr for FEMG.

Performance

MID vs. FEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Growth Impact ETF (MID) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MID

• 1D: -0.48%
• 1M: 3.85%
• YTD: 5.47%
• 6M: 2.66%
• 1Y: 6.76%
• 3Y*: 14.41%
• 5Y*: 6.25%
• 10Y*: —

FEMG

• 1D: -0.84%
• 1M: 3.74%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MID vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
MID American Century Mid Cap Growth Impact ETF	4.27%
FEMG Fidelity Enhanced Mid Cap Growth ETF	4.23%

Correlation

The correlation between MID and FEMG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.82

MID vs. FEMG - Sectors Allocation Comparison

Sectors	MID	FEMG
Industrials	25.5%	26.5%
Technology	21.9%	24.0%
Healthcare	18.7%	12.6%
Consumer Cyclical	12.2%	17.4%
Energy	7.3%	3.3%
Financial Services	6.1%	6.0%
Utilities	4.4%	2.9%
Basic Materials	2.3%	0.7%
Consumer Defensive	1.6%	1.4%
Communication Services	-	2.7%
Real Estate	-	1.8%

Return for Risk

MID vs. FEMG — Risk / Return Rank

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

MID

MID Risk / Return Rank: 15
MID Sharpe Ratio Rank: 15
MID Sortino Ratio Rank: 14
MID Omega Ratio Rank: 14
MID Calmar Ratio Rank: 15
MID Martin Ratio Rank: 16

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.

MID vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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.

	MID	FEMG	Difference
Sharpe ratio: Return per unit of total volatility	0.41	—	—
Sortino ratio: Return per unit of downside risk	0.68	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.49	—	—
Martin ratio: Return relative to average drawdown	1.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MID	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	4.78	-4.38

Drawdowns

MID vs. FEMG - Drawdown Comparison

The maximum MID drawdown since its inception was -40.15%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for MID and FEMG.

Drawdown Indicators

	MID	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-3.29%	-36.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.15%	—	—
Current Drawdown Current decline from peak	-0.48%	-1.18%	+0.70%
Average Drawdown Average peak-to-trough decline	-13.44%	-0.96%	-12.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	—	—

Volatility

Volatility by Period

	MID	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	12.29%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	12.29%	+11.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	12.29%	+11.63%

MID vs. FEMG - Expense Ratio Comparison

MID has a 0.45% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

MID vs. FEMG - Dividend Comparison

MID's dividend yield for the trailing twelve months is around 0.15%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%
MID American Century Mid Cap Growth Impact ETF	0.15%	0.18%	0.17%	0.02%

Frequently Asked Questions

Can I hold both MID and FEMG in my portfolio?

MID and FEMG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MID or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MID or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.45% for MID.

Which ETF pays a higher dividend yield, MID or FEMG?

MID has the higher dividend yield at 0.15%, compared with 0.00% for FEMG.

What is the main difference between MID and FEMG?

They also come from different issuers: American Century and Fidelity. Their fees differ too: 0.45% for MID and 0.23% for FEMG.