XMC.TO vs. FMDE
Compare and contrast key facts about iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and Fidelity Enhanced Mid Cap ETF (FMDE).
XMC.TO and FMDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US SMID TR CAD. It was launched on Aug 4, 2015. FMDE is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.
Performance
XMC.TO vs. FMDE - Performance Comparison
Loading graphics...
XMC.TO vs. FMDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 3.74% | 2.37% | 22.99% | 5.59% |
FMDE Fidelity Enhanced Mid Cap ETF | 0.48% | 7.04% | 32.22% | 5.10% |
Different Trading Currencies
XMC.TO is traded in CAD, while FMDE is traded in USD. To make them comparable, the FMDE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMC.TO achieves a 3.74% return, which is significantly higher than FMDE's 0.48% return.
XMC.TO
- 1D
- 2.94%
- 1M
- -3.51%
- YTD
- 3.74%
- 6M
- 4.18%
- 1Y
- 12.98%
- 3Y*
- 12.74%
- 5Y*
- 8.44%
- 10Y*
- 10.87%
FMDE
- 1D
- 2.72%
- 1M
- -3.64%
- YTD
- 0.48%
- 6M
- -0.03%
- 1Y
- 12.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XMC.TO vs. FMDE - Expense Ratio Comparison
XMC.TO has a 0.16% expense ratio, which is lower than FMDE'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%.
Return for Risk
XMC.TO vs. FMDE — Risk / Return Rank
XMC.TO
FMDE
XMC.TO vs. FMDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) 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.
| XMC.TO | FMDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.66 | -0.05 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.01 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.99 | -0.03 |
Martin ratioReturn relative to average drawdown | 3.53 | 3.98 | -0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| XMC.TO | FMDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.66 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.19 | -0.65 |
Correlation
The correlation between XMC.TO 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.
Dividends
XMC.TO vs. FMDE - Dividend Comparison
XMC.TO's dividend yield for the trailing twelve months is around 1.06%, less than FMDE's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 1.06% | 1.10% | 0.94% | 1.17% | 1.27% | 0.99% | 1.07% | 1.40% | 1.56% | 0.96% | 1.09% | 0.51% |
FMDE Fidelity Enhanced Mid Cap ETF | 1.23% | 1.23% | 1.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMC.TO vs. FMDE - Drawdown Comparison
The maximum XMC.TO drawdown since its inception was -36.38%, which is greater than FMDE's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for XMC.TO and FMDE.
Loading graphics...
Drawdown Indicators
| XMC.TO | FMDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -21.10% | -15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -13.43% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | — | — |
Current DrawdownCurrent decline from peak | -4.68% | -5.73% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -2.76% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.83% | +1.05% |
Volatility
XMC.TO vs. FMDE - Volatility Comparison
iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) has a higher volatility of 6.71% compared to Fidelity Enhanced Mid Cap ETF (FMDE) at 5.64%. This indicates that XMC.TO'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.
Loading graphics...
Volatility by Period
| XMC.TO | FMDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 5.64% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 10.85% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 18.73% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 15.78% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 15.78% | +2.85% |