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Launched

Fidelity Enhanced Mid Cap Growth ETF

FEMGNYSE ArcaFidelityB

$24.71−0.44 (−1.76%)

At close: Nov 2, 2026, 4:00 PM ET

B65/ 100

Rank 7 of 47 in US Active Small/Mid-Cap

B65/100Rank 7 of 47inUS Active Small/Mid-Cap
Intraday session: down, 71 prints from 25.15 to 24.71. Range 24.71 to 24.99. Use the arrow keys to read each point.24.8024.9025.0025.1010 AM12 PM2 PM4 PM
Expense ratio
0.23%
Fund size
$6M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
173
Avg volume · 30D
2.59K sh
52W range
low $24.70high $27.51
Launched

The ETF.net FEMG Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
7 of 47
Six-pillar profile for FEMG. Scores out of 100: Cost 97, Risk 35, Mission not scored, Tradability 52, Holdings 56, Durability 35. Strongest: Cost (97). Weakest: Durability (35). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B 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 47

  • 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.
    D35 out of 100
    Rank 31 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 19 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 24 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 36 of 47

Our read on FEMG

ETF.net Research

In short

BActive 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

  • Costs 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.
  • Index-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.fidelity.com
  • Roughly 130 stocks. Tight enough that manager calls actually register, broad enough that no single name runs the portfolio.
  • Undercuts JMID, the other ETF benchmarked to the same Russell Midcap Growth Index, on fee. Cheap entry to a thinly populated corner.

Worth knowing

  • Launched in 2026. The track record is short, so risk and tracking behavior rest on limited history rather than a full market cycle.
  • Small asset base and light trading volume mean bid-ask spreads can run wider than at the category's giants, especially in fast markets.
  • Mid-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 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$9,713
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. FEMG $9,713. SPY $10,093. Use the arrow keys to read each point.$10,000$10,500Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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 yearNo data
1 month−7.2%
3 months−2.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−1.3%

History from Apr 30, 2026

FEMG in the news

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

Risk pillarD35 out of 100Rank 31 of 44 in US Active Small/Mid-Cap
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.

FMP measures it over up to five years of monthly returns.

FEMG Cost

Compare FEMG and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$1,010

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FEMG 0.23%

    $4,759

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • FEMG 0.23%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530FEMG $4,759AVMC $3,749

Year by year

YearFEMGAVMCOverpaying
10$419$328$91
20$1,630$1,281$349
30$4,759$3,749$1,010

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