TSCM vs. FEMG

Last updated Jun 4, 2026

TSCM (TimesSquare Quality Mid Cap Growth ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. TSCM charges 0.55%/yr vs 0.23%/yr for FEMG.

Performance

TSCM vs. FEMG - Performance Comparison

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

Returns By Period

TSCM

• 1D: -0.92%
• 1M: 5.27%
• YTD: 3.31%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEMG

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

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

TSCM vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
TSCM TimesSquare Quality Mid Cap Growth ETF	6.53%
FEMG Fidelity Enhanced Mid Cap Growth ETF	4.23%

Correlation

The correlation between TSCM and FEMG is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.76

Return for Risk

TSCM vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TimesSquare Quality Mid Cap Growth ETF (TSCM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSCM	FEMG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	4.78	-4.51

Drawdowns

TSCM vs. FEMG - Drawdown Comparison

The maximum TSCM drawdown since its inception was -14.87%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for TSCM and FEMG.

Drawdown Indicators

	TSCM	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-14.87%	-3.29%	-11.58%
Current Drawdown Current decline from peak	-0.92%	-1.18%	+0.26%
Average Drawdown Average peak-to-trough decline	-6.33%	-0.96%	-5.37%

Volatility

Volatility by Period

	TSCM	FEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	12.29%	+8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	12.29%	+8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	12.29%	+8.74%

TSCM vs. FEMG - Expense Ratio Comparison

TSCM has a 0.55% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

TSCM vs. FEMG - Dividend Comparison

Neither TSCM nor FEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSCM and FEMG in my portfolio?

TSCM and FEMG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSCM 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, TSCM or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.55% for TSCM.

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

TSCM and FEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between TSCM and FEMG?

They also come from different issuers: TimesSquare Capital Management and Fidelity. Their fees differ too: 0.55% for TSCM and 0.23% for FEMG.