FMDEFIDELITY ENHANCED MID CAP ETF
FIDELITY ENHANCED MID CAP ETF
$42.39+0.71% today
344352-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned +15.7% so far this year. At 0.23% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$1.9Bassets under management
0.23%expense ratio · $23 per $10,000 a year
—net flow, trailing month
882Kavg daily volume, 30 days
274holdings · US-domiciled
2023listed November 24, 2023 · beta 0.90
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | -0.8% |
| 1 month | +4.5% |
| 3 months | +8.2% |
| 6 months | +12.6% |
| YTD | +15.7% |
| 1 year | +18.2% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
12%realized volatility, 30 days (annualized)
14%realized volatility, 1 year
-8.6%deepest fall from a peak, 1 year
-1.3%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
—calls today
—puts today
—put/call ratio
706Kshares traded
The case against FMDE
Due diligence cuts both ways. These funds sit on the same shelf and beat FMDE on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | -18bp on fee · 68× the assets · +$547M in over the month | Head-to-head |
| IMCB iShares Morningstar Mid-Cap ETF | 0.04% | $1.7B | +$15M | -19bp on fee · +$15M in over the month | Head-to-head |
| VO Vanguard Mid Cap Index Fund | 0.04% | $68.1B | — | -19bp on fee · 36× the assets | Head-to-head |
| IMCG iShares Morningstar Mid-Cap Growth ETF | 0.06% | $4.2B | +$69M | -17bp on fee · 2× the assets · +$69M in over the month | Head-to-head |
| IMCV iShares Morningstar Mid-Cap Value ETF | 0.06% | $1.2B | +$20M | -17bp on fee · +$20M in over the month | Head-to-head |