VOT vs. FEMG

Last updated Jun 5, 2026

VOT (Vanguard Mid-Cap Growth ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. VOT is passively managed, while FEMG is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. VOT charges 0.05%/yr vs 0.23%/yr for FEMG.

Performance

VOT vs. FEMG - Performance Comparison

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

Returns By Period

VOT

• 1D: 0.69%
• 1M: 5.16%
• YTD: 9.14%
• 6M: 6.88%
• 1Y: 12.25%
• 3Y*: 16.56%
• 5Y*: 7.03%
• 10Y*: 12.21%

FEMG

• 1D: 0.91%
• 1M: 3.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOT vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
VOT Vanguard Mid-Cap Growth ETF	6.86%
FEMG Fidelity Enhanced Mid Cap Growth ETF	5.19%

Correlation

The correlation between VOT and FEMG is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.86

VOT vs. FEMG - Sectors Allocation Comparison

Sectors	VOT	FEMG
Technology	28.9%	24.0%
Industrials	23.7%	26.5%
Consumer Cyclical	13.9%	17.4%
Healthcare	9.3%	12.6%
Financial Services	6.8%	6.0%
Real Estate	4.8%	1.8%
Communication Services	3.8%	2.7%
Utilities	3.5%	2.9%
Energy	2.7%	3.3%
Basic Materials	1.8%	0.7%
Consumer Defensive	0.8%	1.4%

Return for Risk

VOT vs. FEMG — Risk / Return Rank

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

VOT

VOT Risk / Return Rank: 22
VOT Sharpe Ratio Rank: 23
VOT Sortino Ratio Rank: 23
VOT Omega Ratio Rank: 22
VOT Calmar Ratio Rank: 19
VOT Martin Ratio Rank: 21

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.

VOT vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) 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.

	VOT	FEMG	Difference
Sharpe ratio: Return per unit of total volatility	0.78	—	—
Sortino ratio: Return per unit of downside risk	1.18	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.77	—	—
Martin ratio: Return relative to average drawdown	2.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VOT	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	5.84	-5.39

Drawdowns

VOT vs. FEMG - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for VOT and FEMG.

Drawdown Indicators

	VOT	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-3.29%	-56.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.28%	+0.14%
Average Drawdown Average peak-to-trough decline	-9.96%	-0.93%	-9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	—	—

Volatility

Volatility by Period

	VOT	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	12.25%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	12.25%	+9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	12.25%	+8.73%

VOT vs. FEMG - Expense Ratio Comparison

VOT has a 0.05% expense ratio, which is lower than FEMG's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOT vs. FEMG - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.61%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOT Vanguard Mid-Cap Growth ETF	0.61%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%

Frequently Asked Questions

Can I hold both VOT and FEMG in my portfolio?

VOT and FEMG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOT or FEMG?

On fees, VOT is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOT or FEMG?

VOT is cheaper with a 0.05% expense ratio, compared with 0.23% for FEMG.

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

VOT has the higher dividend yield at 0.61%, compared with 0.00% for FEMG.

What is the main difference between VOT and FEMG?

They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.05% for VOT and 0.23% for FEMG.