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Launched

Fidelity Enhanced Mid Cap Growth ETF

FEMGNYSE ArcaA

$26.67−0.09 (−0.34%)

As of Oct 13, 2026, 3:57 PM

A72/ 100

Rank 5 of 48 in US Active Small/Mid-Cap

A72/100Rank 5 of 48inUS Active Small/Mid-Cap
Intraday session: down, 6 prints from 26.76 to 26.67. Range 26.58 to 26.76. Use the arrow keys to read each point.26.6026.6526.7010 AM12 PM2 PM4 PM
Expense ratio
0.23%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
173
Avg volume · 30D
0M sh
NAV per share
$26.74
52W range
low $24.84high $27.51
Launched

The ETF.net FEMG Grade

Based on 5 of 6 pillars

A

Score 72 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
5 of 48
Six-pillar profile for FEMG. Scores out of 100: Cost 97, Risk 72, Mission not scored, Tradability 51, Holdings 54, Durability 34. Strongest: Cost (97). Weakest: Durability (34). Based on 5 of 6 pillars.

Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A97 out of 100
    Rank 2 of 48

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A72 out of 100
    Rank 9 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 22 of 48

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 27 of 48

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D34 out of 100
    Rank 37 of 48

Our read on FEMG

ETF.net Research

AActive mid-cap growth priced like an index fund. Fidelity's quant team starts from the Russell Midcap Growth Index, then tilts toward valuation, growth and quality signals across roughly 130 names for 0.23% a year.

Stated mandate

The fund seeks capital appreciation. It normally invests at least 80% in common stocks from the Russell Midcap Growth Index and uses research on valuation, growth, quality, and other return drivers.

Why people hold it

  1. 01Costs 0.23% a year, versus a median near 0.65% for active US equity funds. Most of the fee gap active management usually asks for simply isn't here.
  2. 02Index-aware by design: at least 80% sits in Russell Midcap Growth constituents, so the exposure stays recognizable while managers lean on valuation, growth and quality research.institutional.fidelity.com
  3. 03Roughly 130 stocks. Tight enough that manager calls actually register, broad enough that no single name runs the portfolio.
  4. 04Undercuts JMID, the other ETF benchmarked to the same Russell Midcap Growth Index, on fee. Cheap entry to a thinly populated corner.

Worth knowing

  1. 01Launched in 2026. The track record is short, so risk and tracking behavior rest on limited history rather than a full market cycle.
  2. 02Small asset base and light trading volume mean bid-ask spreads can run wider than at the category's giants, especially in fast markets.
  3. 03Mid-cap growth is a jumpier ride than large-cap core, and active tilts mean returns can diverge from the Russell Midcap Growth Index in either direction.

FEMG Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
173
Top-10 weight
24%
Largest holding
SNOW3.9%

Sectors

  • Technology40.5%
  • Industrials18.5%
  • Health Care12.1%
  • Consumer Discretionary9.4%
  • Financials4.8%
  • Energy4.4%
  • Materials3.4%
  • Communication2.7%
  • Utilities2.2%
  • Real Estate1.9%
  • Consumer Staples0.2%

Geography

  • United States95.55%
  • Cayman Islands2.11%
  • Australia1.05%
  • United Kingdom0.89%
  • Finland0.22%
  • Netherlands0.12%
  • Puerto Rico0.06%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SNOWSnowflake Inc3.89%714$263K335
002NETCloudflare Inc3.62%680$245K275
003DDOGDatadog Inc Class A3.24%749$220K424
004LITELumentum Holdings Inc2.17%133$147K403
005FIXComfort Systems Usa Inc2.15%85$146K396
006VSTVistra Corp2.07%869$140K345
007TRGPTarga Resources Corp1.90%450$129K352
008FASTFastenal Co1.83%2,439$124K371
009MPCMarathon Petroleum Corp1.72%256$116K396
010PEverpure Inc-A1.67%734$113K292
011ALABAstera Labs Inc1.61%318$109K263
012ANG.JOAnglogold Ashanti PLC1.60%1,152$108K110
013NTRANatera Inc1.57%266$107K238
014HOODRobinhood Markets Inc1.52%945$103K337
015CRDOCredo Technology Group Hol Ltd1.48%462$100K234

Showing 1–15 of 173 holdings

FEMG Performance

Launched Apr 28, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FEMG$10,207
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FEMG $10,207. SPY $10,332. Use the arrow keys to read each point.$9,463$9,985$10,506Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FEMG. Periods over one year show the average yearly return.
PeriodFEMG
Year to dateFund launched this year—
1 month+3.5%
3 months+2.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FEMG
YearReturn barFEMG
2026 YTD+6.9%

History from Apr 30, 2026

FEMG in the news

Filtered to FEMG · US Active Small/Mid-Cap

FEMG Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 18, 2026 $0.03; Sep 18, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.02
Jun 18, 2026Jun 23, 2026$0.03

FEMG Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.99
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FEMG Cost

Expense ratio0.23%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.59%

1 of the 47 US Active Small/Mid-Cap funds charge less.

FEMG costs $23.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $59.00.

Other funds in US Active Small/Mid-Cap

See others