VLIFX vs. FMDE
VLIFX (Value Line Mid Cap Focused Fund) and FMDE (Fidelity Enhanced Mid Cap ETF) are both funds - VLIFX is a Mid Cap Growth Equities fund managed by Value Line, while FMDE is a Mid Cap Blend Equities fund actively managed by Fidelity. Over the past year, VLIFX returned -0.38% vs 22.45% for FMDE. Their correlation of 0.83 suggests significant overlap in exposure. VLIFX charges 1.07%/yr vs 0.23%/yr for FMDE.
Performance
VLIFX vs. FMDE - Performance Comparison
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Returns By Period
In the year-to-date period, VLIFX achieves a -0.35% return, which is significantly lower than FMDE's 11.45% return.
VLIFX
- 1D
- 0.03%
- 1M
- 1.26%
- YTD
- -0.35%
- 6M
- -1.92%
- 1Y
- -0.38%
- 3Y*
- 6.35%
- 5Y*
- 6.25%
- 10Y*
- 11.78%
FMDE
- 1D
- 0.52%
- 1M
- 3.15%
- YTD
- 11.45%
- 6M
- 10.09%
- 1Y
- 22.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VLIFX vs. FMDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VLIFX Value Line Mid Cap Focused Fund | -0.35% | 0.79% | 7.59% | 7.68% |
FMDE Fidelity Enhanced Mid Cap ETF | 11.45% | 12.19% | 21.76% | 9.09% |
Correlation
The correlation between VLIFX and FMDE is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.83 |
The correlation between VLIFX and FMDE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
VLIFX vs. FMDE — Risk / Return Rank
VLIFX
FMDE
VLIFX vs. FMDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Mid Cap Focused Fund (VLIFX) 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.
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.
| VLIFX | FMDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.71 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.06 | 10.61 | -10.68 |
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Drawdowns
VLIFX vs. FMDE - Drawdown Comparison
The maximum VLIFX drawdown since its inception was -61.48%, which is greater than FMDE's maximum drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for VLIFX and FMDE.
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Drawdown Indicators
| VLIFX | FMDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.48% | -21.10% | -40.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -8.33% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -7.81% | -0.36% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -15.65% | -2.61% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 2.12% | +2.16% |
Volatility
VLIFX vs. FMDE - Volatility Comparison
The current volatility for Value Line Mid Cap Focused Fund (VLIFX) is 3.70%, while Fidelity Enhanced Mid Cap ETF (FMDE) has a volatility of 4.47%. This indicates that VLIFX 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.
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Volatility by Period
| VLIFX | FMDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 4.47% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 10.47% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 14.02% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 16.17% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 16.17% | +1.69% |
VLIFX vs. FMDE - Expense Ratio Comparison
VLIFX has a 1.07% expense ratio, which is higher than FMDE's 0.23% expense ratio.
Dividends
VLIFX vs. FMDE - Dividend Comparison
VLIFX's dividend yield for the trailing twelve months is around 2.17%, more than FMDE's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMDE Fidelity Enhanced Mid Cap ETF | 1.09% | 1.23% | 1.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VLIFX Value Line Mid Cap Focused Fund | 2.17% | 2.16% | 0.99% | 0.03% | 7.22% | 8.23% | 7.81% | 1.42% | 5.12% | 1.61% | 2.24% |
Frequently Asked Questions
VLIFX and FMDE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMDE has higher volatility (4.47%) compared to VLIFX (3.70%). In terms of maximum drawdown, VLIFX dropped -61.48% vs FMDE's -21.10%.
FMDE currently has the higher Sharpe Ratio (1.61 vs -0.02), 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.
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