Fidelity Enhanced Mid Cap Value ETF
$27.02+0.12 (+0.43%)
- 0.23%
- $7M
- 0M sh
- $26.91
- low $24.71high $28.19
The ETF.net FEMV Grade
A
Score 79 out of 100
- 2 of 48
Score 79 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 100Rank 2 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A90 out of 100Rank 1 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 27 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 8 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D34 out of 100Rank 37 of 48
Our read on FEMV
AActive mid-cap value, priced like an index fund. FEMV hunts capital appreciation in the Russell Midcap Value corner of the US market for 0.23% a year, a fraction of the typical active US equity ETF fee.
The fund seeks capital appreciation and targets the U.S. mid-cap value segment of the equity market.
Why people hold it
- 0.23% a year, well under the going rate for active US equity ETFs. At that price, cost stops being the argument against going active.
- The mandate is stated plainly: US mid-cap value, measured against the Russell Midcap Value index, aiming at capital appreciation. Little guesswork about what you own.institutional.fidelity.com
- The portfolio mix and risk profile screen well against other active US stock ETFs, with no leverage, derivatives quirks or unusual wrapper features flagged in the structure.
- Part of Fidelity's Enhanced lineup, whose large-cap sibling FELC (0.18%) ranks among the strongest active US equity funds in the peer group.
Worth knowing
- Launched in 2026, so there is no long record to lean on and the risk read rests on a short history.
- A small asset base and thin trading volume are the trade-off for being early. Spreads can run wider than at a mega-fund, especially in fast markets.
- Distributions land once or twice a year, not monthly. This is a growth-of-capital mandate, not an income schedule.
FEMV Holdings
- Stocks
- 268
- 11%
- HPE
Geography
- United States95.63%
- United Kingdom2.47%
- Ireland0.59%
- Puerto Rico0.57%
- Netherlands0.45%
- Bermuda0.25%
- Spain0.04%
FEMV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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FEMV$10,120
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.
| Period | FEMV |
|---|---|
| Year to date | — |
| 1 month | −0.8% |
| 3 months | +1.2% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FEMV |
|---|---|---|
| 2026 YTD | +9.1% |
FEMV in the news
FEMV Dividends
- $0.09 per share
- Quarterly
Distribution data unavailable.
Distribution history
FEMV Risk
- —
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.
- —
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.
- —
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.
- −0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FEMV Cost
0.23%
FEMV0.23%
- 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.
Other funds in US Active Small/Mid-Cap
- AAVMCAvantis U.S. Mid Cap Equity ETFExpense ratio 0.18%1 year return +16.9%
- ADFMCU.S. Micro Cap Portfolio ETFExpense ratio 0.43%1 year return —
- AJMEEJPMorgan Small & Mid Cap Enhanced Equity ETFExpense ratio 0.35%1 year return +22.9%
- AFEMGFidelity Enhanced Mid Cap Growth ETFExpense ratio 0.23%1 year return —
- AREMCColumbia Research Enhanced Mid Cap ETFExpense ratio 0.32%1 year return —