RUNN vs. FMDE
Compare and contrast key facts about Running Oak Efficient Growth ETF (RUNN) and Fidelity Enhanced Mid Cap ETF (FMDE).
RUNN and FMDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RUNN is an actively managed fund by ROC. It was launched on Jun 7, 2023. FMDE is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RUNN or FMDE.
Correlation
The correlation between RUNN and FMDE is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RUNN vs. FMDE - Performance Comparison
Key characteristics
RUNN:
1.16
FMDE:
1.56
RUNN:
1.76
FMDE:
2.20
RUNN:
1.21
FMDE:
1.27
RUNN:
1.83
FMDE:
2.96
RUNN:
4.85
FMDE:
7.24
RUNN:
2.91%
FMDE:
2.92%
RUNN:
12.16%
FMDE:
13.55%
RUNN:
-9.63%
FMDE:
-7.16%
RUNN:
-5.11%
FMDE:
-3.58%
Returns By Period
In the year-to-date period, RUNN achieves a 2.23% return, which is significantly lower than FMDE's 3.26% return.
RUNN
2.23%
1.70%
7.00%
15.69%
N/A
N/A
FMDE
3.26%
3.51%
14.36%
22.96%
N/A
N/A
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RUNN vs. FMDE - Expense Ratio Comparison
RUNN has a 0.58% expense ratio, which is higher than FMDE's 0.23% expense ratio.
Risk-Adjusted Performance
RUNN vs. FMDE — Risk-Adjusted Performance Rank
RUNN
FMDE
RUNN vs. FMDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Running Oak Efficient Growth ETF (RUNN) 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.
Dividends
RUNN vs. FMDE - Dividend Comparison
RUNN's dividend yield for the trailing twelve months is around 0.39%, less than FMDE's 1.08% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
RUNN Running Oak Efficient Growth ETF | 0.39% | 0.39% | 0.33% |
FMDE Fidelity Enhanced Mid Cap ETF | 1.08% | 1.11% | 0.10% |
Drawdowns
RUNN vs. FMDE - Drawdown Comparison
The maximum RUNN drawdown since its inception was -9.63%, which is greater than FMDE's maximum drawdown of -7.16%. Use the drawdown chart below to compare losses from any high point for RUNN and FMDE. For additional features, visit the drawdowns tool.
Volatility
RUNN vs. FMDE - Volatility Comparison
The current volatility for Running Oak Efficient Growth ETF (RUNN) is 3.12%, while Fidelity Enhanced Mid Cap ETF (FMDE) has a volatility of 3.43%. This indicates that RUNN experiences smaller price fluctuations and is considered to be less risky than FMDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.