ABCS vs FEMV

ABCSCAlpha Blue Capital US Small-Mid Cap Dynamic ETF

FEMVAFidelity Enhanced Mid Cap Value ETF

In short

ABCS A three-decade fundamental stock-picking process in ETF form, blended with plain small- and mid-cap index ETFs. Active where the team sees an edge, indexed where it doesn't, at 0.42% a year.

FEMV Active 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.

Stated mandate

ABCS The Fund’s mandate is long-term capital appreciation.

FEMV The fund seeks capital appreciation and targets the U.S. mid-cap value segment of the equity market.

Why people hold it

• ABCS 0.42% a year buys an active small-mid cap manager, comfortably under the median expense ratio for active US equity ETFs in its group.
• The target is stated out loud: 1 to 3 points of annualized outperformance versus the Bloomberg US 2500 over a full market cycle. A yardstick you can check.prnewswire.com
• Hand-picked stocks ride alongside broad small- and mid-cap index ETFs, so the manager can dial conviction up or down inside a single wrapper.alphabluecapitalabcs.comprnewswire.com
• Sits in the upper half of the active US equity funds we cover, with cost doing much of the lifting.

• FEMV 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.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

• ABCS A small fund that trades thinly. Spreads can widen, and limit orders are the usual tool for getting in and out.
• Cheaper broad-market rivals share the shelf (DFAC at 0.17%, AVLC at 0.15%). The fee gap here pays for stock selection, and active outcomes vary.
• Launched December 2023, so the live record is short, and the process leans on a small portfolio manager and analyst team.alphabluecapitalabcs.com

• FEMV 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.

Full ABCS profile⁠

Full FEMV profile⁠