MIDE vs. FFSM

Last updated Jun 25, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and FFSM (Fidelity Fundamental Small-Mid Cap ETF) are both Mid Cap Blend Equities funds. MIDE is passively managed, while FFSM is actively managed. Over the past 5 years, MIDE returned 8.39%/yr vs 10.98%/yr for FFSM. With a 0.97 correlation, they move nearly in lockstep. MIDE charges 0.15%/yr vs 0.43%/yr for FFSM.

Performance

MIDE vs. FFSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Fidelity Fundamental Small-Mid Cap ETF (FFSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDE achieves a 14.85% return, which is significantly lower than FFSM's 22.47% return.

MIDE

• 1D: 0.53%
• 1M: 3.06%
• YTD: 14.85%
• 6M: 12.63%
• 1Y: 26.44%
• 3Y*: 16.28%
• 5Y*: 8.39%
• 10Y*: —

FFSM

• 1D: 0.64%
• 1M: 5.51%
• YTD: 22.47%
• 6M: 19.44%
• 1Y: 39.96%
• 3Y*: 22.39%
• 5Y*: 10.98%
• 10Y*: —

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

MIDE vs. FFSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MIDE Xtrackers S&P MidCap 400 ESG ETF	14.85%	9.81%	11.21%	15.20%	-11.63%	11.80%
FFSM Fidelity Fundamental Small-Mid Cap ETF	22.47%	14.89%	14.38%	17.30%	-16.35%	14.60%

Correlation

The correlation between MIDE and FFSM 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 (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.97

The correlation between MIDE and FFSM has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

MIDE vs. FFSM - Sectors Allocation Comparison

Sectors	MIDE	FFSM
Industrials	21.9%	29.5%
Technology	18.6%	14.0%
Financial Services	15.1%	22.7%
Consumer Cyclical	10.9%	12.2%
Healthcare	9.0%	9.1%
Real Estate	8.4%	0.0%
Energy	5.4%	2.2%
Basic Materials	4.5%	6.2%
Consumer Defensive	3.3%	2.3%
Utilities	1.7%	1.8%
Communication Services	1.2%	-

Return for Risk

MIDE vs. FFSM — Risk / Return Rank

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

MIDE

MIDE Risk / Return Rank: 59
MIDE Sharpe Ratio Rank: 55
MIDE Sortino Ratio Rank: 57
MIDE Omega Ratio Rank: 52
MIDE Calmar Ratio Rank: 65
MIDE Martin Ratio Rank: 63

FFSM

FFSM Risk / Return Rank: 78
FFSM Sharpe Ratio Rank: 76
FFSM Sortino Ratio Rank: 76
FFSM Omega Ratio Rank: 71
FFSM Calmar Ratio Rank: 81
FFSM Martin Ratio Rank: 85

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. FFSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Fidelity Fundamental Small-Mid Cap ETF (FFSM). 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.

	MIDE	FFSM	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.16	-0.50
Sortino ratio: Return per unit of downside risk	2.40	3.01	-0.61
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.84	3.87	-1.03
Martin ratio: Return relative to average drawdown	10.09	15.58	-5.49

MIDE vs. FFSM - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.66, which is comparable to the FFSM Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of MIDE and FFSM, 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

MIDE vs. FFSM - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum FFSM drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for MIDE and FFSM.

Drawdown Indicators

	MIDE	FFSM	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-26.65%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-10.37%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-24.78%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	-26.65%	+2.06%
Current Drawdown Current decline from peak	-0.46%	-0.87%	+0.41%
Average Drawdown Average peak-to-trough decline	-6.43%	-7.78%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.57%	+0.06%

Volatility

MIDE vs. FFSM - Volatility Comparison

The current volatility for Xtrackers S&P MidCap 400 ESG ETF (MIDE) is 4.53%, while Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a volatility of 6.37%. This indicates that MIDE experiences smaller price fluctuations and is considered to be less risky than FFSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDE	FFSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	6.37%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	14.65%	-2.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	18.63%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	20.76%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	20.61%	-0.97%

MIDE vs. FFSM - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than FFSM's 0.43% expense ratio.

Dividends

MIDE vs. FFSM - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.26%, more than FFSM's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021
FFSM Fidelity Fundamental Small-Mid Cap ETF	0.43%	0.56%	0.62%	0.56%	0.58%	0.37%
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.26%	1.52%	1.45%	1.36%	1.33%	0.93%

Frequently Asked Questions

Can I hold both MIDE and FFSM in my portfolio?

With a correlation of 0.93, MIDE and FFSM 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, MIDE or FFSM?

FFSM has higher volatility (6.37%) compared to MIDE (4.53%). In terms of maximum drawdown, MIDE dropped -24.59% vs FFSM's -26.65%.

Which ETF is better, MIDE or FFSM?

On 5-year performance, FFSM leads with 10.98% vs 8.39% for MIDE. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDE or FFSM?

Over the 5-year period, FFSM has performed better with a 10.98% return vs 8.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDE or FFSM?

MIDE is cheaper with a 0.15% expense ratio, compared with 0.43% for FFSM.

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

MIDE has the higher dividend yield at 1.26%, compared with 0.43% for FFSM.

What is the main difference between MIDE and FFSM?

They also come from different issuers: Deutsche Bank and Fidelity. Their fees differ too: 0.15% for MIDE and 0.43% for FFSM.

Which has better risk-adjusted returns?

FFSM currently has the higher Sharpe Ratio (2.16 vs 1.66), 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.