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FMDE vs FDHY

Fidelity Enhanced Mid Cap Core ETF vs Fidelity Enhanced High Yield ETF

FMDE

Fidelity Enhanced Mid Cap Core ETF

Annual cost

0.23%

Fund size

$7.0B

FDHY

Fidelity Enhanced High Yield ETF

Annual cost

0.35%

Fund size

$522M

Key differences

FMDE is an equity ETF, while FDHY is a fixed income ETF. FMDE charges 0.23% a year and FDHY 0.35%.

  • FMDE is an equity fund, while FDHY is a fixed income fund. They carry different risk/return profiles.
  • FMDE follows a index enhanced strategy; FDHY uses active selection.
  • FMDE costs 0.12% less per year.
  • FMDE is much larger than FDHY. Larger funds are usually more liquid and less likely to close.
  • FMDE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMDEFDHY
Annual cost (TER)0.23%0.35%
Fund size (AUM)$7.0B$522M
Since20072018
Dividend yield1.11%6.53%
Asset classequityfixed income
Regionnorth americanorth america
Strategyindex enhancedactive selection
CAGR 1Y+16.6%+7.9%
CAGR 3YN/A+8.7%
CAGR 5YN/A+4.0%
Sharpe 3YN/A0.97
Volatility 1Y13.82%3.58%
Max drawdown-21.10%-20.01%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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