WGROX vs. FMDE

Last updated Apr 3, 2026

Compare and contrast key facts about Wasatch Core Growth Fund (WGROX) and Fidelity Enhanced Mid Cap ETF (FMDE).

WGROX is managed by Wasatch. It was launched on Dec 8, 1986. FMDE is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.

Performance

WGROX vs. FMDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Core Growth Fund (WGROX) and Fidelity Enhanced Mid Cap ETF (FMDE). The values are adjusted to include any dividend payments, if applicable.

WGROX vs. FMDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WGROX Wasatch Core Growth Fund	-4.82%	-10.37%	13.13%	14.03%
FMDE Fidelity Enhanced Mid Cap ETF	0.38%	12.19%	21.76%	8.91%

Returns By Period

In the year-to-date period, WGROX achieves a -4.82% return, which is significantly lower than FMDE's 0.38% return.

WGROX

• 1D: 0.78%
• 1M: -6.76%
• YTD: -4.82%
• 6M: -7.99%
• 1Y: -7.40%
• 3Y*: 5.75%
• 5Y*: -0.08%
• 10Y*: 10.29%

FMDE

• 1D: 0.25%
• 1M: -2.70%
• YTD: 0.38%
• 6M: 1.01%
• 1Y: 15.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WGROX vs. FMDE - Expense Ratio Comparison

WGROX has a 1.17% expense ratio, which is higher than FMDE's 0.23% expense ratio.

WGROX

Wasatch Core Growth Fund

FMDE

Fidelity Enhanced Mid Cap ETF

Return for Risk

WGROX vs. FMDE — Risk / Return Rank

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

WGROX

WGROX Risk / Return Rank: 2
WGROX Sharpe Ratio Rank: 2
WGROX Sortino Ratio Rank: 2
WGROX Omega Ratio Rank: 2
WGROX Calmar Ratio Rank: 2
WGROX Martin Ratio Rank: 1

FMDE

FMDE Risk / Return Rank: 43
FMDE Sharpe Ratio Rank: 41
FMDE Sortino Ratio Rank: 41
FMDE Omega Ratio Rank: 41
FMDE Calmar Ratio Rank: 40
FMDE Martin Ratio Rank: 51

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.

WGROX vs. FMDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Core Growth Fund (WGROX) 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.

	WGROX	FMDE	Difference
Sharpe ratio Return per unit of total volatility	-0.24	0.82	-1.07
Sortino ratio Return per unit of downside risk	-0.20	1.26	-1.46
Omega ratio Gain probability vs. loss probability	0.98	1.18	-0.20
Calmar ratio Return relative to maximum drawdown	-0.35	1.25	-1.60
Martin ratio Return relative to average drawdown	-0.95	5.86	-6.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WGROX vs. FMDE - Sharpe Ratio Comparison

The current WGROX Sharpe Ratio is -0.24, which is lower than the FMDE Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of WGROX and FMDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WGROX	FMDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	0.82	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.14	-0.60

Correlation

The correlation between WGROX and FMDE is 0.91, 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.

Dividends

WGROX vs. FMDE - Dividend Comparison

WGROX's dividend yield for the trailing twelve months is around 8.98%, more than FMDE's 1.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WGROX Wasatch Core Growth Fund	8.98%	8.55%	9.22%	0.00%	0.71%	16.82%	7.21%	10.73%	10.14%	6.24%	0.15%	12.70%
FMDE Fidelity Enhanced Mid Cap ETF	1.21%	1.23%	1.11%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

WGROX vs. FMDE - Drawdown Comparison

The maximum WGROX drawdown since its inception was -61.61%, which is greater than FMDE's maximum drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for WGROX and FMDE.

Drawdown Indicators

	WGROX	FMDE	Difference
Max Drawdown Largest peak-to-trough decline	-61.61%	-21.10%	-40.51%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-8.33%	-7.56%
Max Drawdown (5Y) Largest decline over 5 years	-40.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.16%	—	—
Current Drawdown Current decline from peak	-22.79%	-4.55%	-18.24%
Average Drawdown Average peak-to-trough decline	-9.86%	-2.76%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.84%	2.86%	+2.98%

Volatility

WGROX vs. FMDE - Volatility Comparison

Wasatch Core Growth Fund (WGROX) has a higher volatility of 7.46% compared to Fidelity Enhanced Mid Cap ETF (FMDE) at 5.55%. This indicates that WGROX's price experiences larger fluctuations and is considered to be riskier than FMDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WGROX	FMDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	5.55%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	10.74%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	24.09%	18.85%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.89%	16.36%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.25%	16.36%	+6.89%