MIDE vs. FDLS

Last updated Jun 4, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and FDLS (Inspire Fidelis Multi Factor ETF) are both Mid Cap Blend Equities funds - MIDE tracks the S&P MidCap 400 ESG Index while FDLS tracks the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, MIDE returned 16.42%/yr vs 19.65%/yr for FDLS. Their correlation of 0.90 suggests significant overlap in exposure. MIDE charges 0.15%/yr vs 0.76%/yr for FDLS.

Performance

MIDE vs. FDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDE achieves a 14.45% return, which is significantly higher than FDLS's 13.12% return.

MIDE

• 1D: -0.04%
• 1M: 5.36%
• YTD: 14.45%
• 6M: 14.97%
• 1Y: 28.35%
• 3Y*: 16.42%
• 5Y*: 8.31%
• 10Y*: —

FDLS

• 1D: -1.15%
• 1M: -0.93%
• YTD: 13.12%
• 6M: 13.26%
• 1Y: 33.04%
• 3Y*: 19.65%
• 5Y*: —
• 10Y*: —

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

MIDE vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MIDE Xtrackers S&P MidCap 400 ESG ETF	14.45%	9.81%	11.21%	15.20%	-2.77%
FDLS Inspire Fidelis Multi Factor ETF	13.12%	22.47%	7.41%	20.70%	-1.68%

Correlation

The correlation between MIDE and FDLS is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022	0.90

The correlation between MIDE and FDLS has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

MIDE vs. FDLS - Sectors Allocation Comparison

Sectors	MIDE	FDLS
Industrials	23.3%	18.8%
Financial Services	16.8%	14.3%
Technology	13.9%	25.7%
Consumer Cyclical	12.1%	4.4%
Healthcare	9.9%	11.7%
Real Estate	8.8%	2.1%
Energy	5.7%	7.1%
Basic Materials	3.7%	5.0%
Consumer Defensive	3.2%	4.9%
Utilities	1.7%	1.7%
Communication Services	0.9%	3.3%

Return for Risk

MIDE vs. FDLS — Risk / Return Rank

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

MIDE

MIDE Risk / Return Rank: 56
MIDE Sharpe Ratio Rank: 52
MIDE Sortino Ratio Rank: 54
MIDE Omega Ratio Rank: 51
MIDE Calmar Ratio Rank: 61
MIDE Martin Ratio Rank: 61

FDLS

FDLS Risk / Return Rank: 64
FDLS Sharpe Ratio Rank: 59
FDLS Sortino Ratio Rank: 60
FDLS Omega Ratio Rank: 57
FDLS Calmar Ratio Rank: 70
FDLS Martin Ratio Rank: 74

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.

MIDE vs. FDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Inspire Fidelis Multi Factor ETF (FDLS). 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.

	MIDE	FDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.99	-0.19
Sortino ratio: Return per unit of downside risk	2.60	2.82	-0.22
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	3.04	3.48	-0.44
Martin ratio: Return relative to average drawdown	10.84	13.96	-3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDE vs. FDLS - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.80, which is comparable to the FDLS Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of MIDE and FDLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MIDE	FDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.99	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.86	-0.39

Drawdowns

MIDE vs. FDLS - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, which is greater than FDLS's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for MIDE and FDLS.

Drawdown Indicators

	MIDE	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-23.32%	-1.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-9.55%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-23.32%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	—	—
Current Drawdown Current decline from peak	-0.04%	-2.66%	+2.62%
Average Drawdown Average peak-to-trough decline	-6.50%	-3.88%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.37%	+0.25%

Volatility

MIDE vs. FDLS - Volatility Comparison

Xtrackers S&P MidCap 400 ESG ETF (MIDE) has a higher volatility of 4.59% compared to Inspire Fidelis Multi Factor ETF (FDLS) at 4.36%. This indicates that MIDE's price experiences larger fluctuations and is considered to be riskier than FDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDE	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	4.36%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	12.45%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	16.71%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	19.07%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	19.07%	+0.60%

MIDE vs. FDLS - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than FDLS's 0.76% expense ratio.

Dividends

MIDE vs. FDLS - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.31%, more than FDLS's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021
FDLS Inspire Fidelis Multi Factor ETF	0.87%	0.86%	7.26%	0.97%	0.31%	0.00%
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.31%	1.52%	1.45%	1.36%	1.33%	0.93%

Frequently Asked Questions

Can I hold both MIDE and FDLS in my portfolio?

MIDE and FDLS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDE or FDLS?

MIDE has higher volatility (4.59%) compared to FDLS (4.36%). In terms of maximum drawdown, MIDE dropped -24.59% vs FDLS's -23.32%.

Which ETF is better, MIDE or FDLS?

On 3-year performance, FDLS leads with 19.65% vs 16.42% for MIDE. On fees, MIDE is cheaper at 0.15% per year. On volatility, FDLS has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDE or FDLS?

Over the 3-year period, FDLS has performed better with a 19.65% return vs 16.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDE or FDLS?

MIDE is cheaper with a 0.15% expense ratio, compared with 0.76% for FDLS.

Which ETF pays a higher dividend yield, MIDE or FDLS?

MIDE has the higher dividend yield at 1.31%, compared with 0.87% for FDLS.

What is the main difference between MIDE and FDLS?

MIDE tracks S&P MidCap 400 ESG Index, while FDLS tracks WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. They also come from different issuers: Deutsche Bank and Inspire. Their fees differ too: 0.15% for MIDE and 0.76% for FDLS.

Which has better risk-adjusted returns?

FDLS currently has the higher Sharpe Ratio (1.99 vs 1.80), 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.