FEMV vs SPY
Comparison between FIDELITY ENHANCED MID CAP VALUE ETF (FEMV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
FEMV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FEMV
$5M
Winner
SPY
$735B
Expense Ratio
FEMV
0.23%
Winner
SPY
0.09%
Max Drawdown
Winner
FEMV
1.97%
SPY
56.47%
Sharpe Ratio
FEMV
1.60
Winner
SPY
1.62
5Y Beta
Winner
FEMV
0.77
SPY
1.00
P/E Ratio
Winner
FEMV
23.18
SPY
28.99
Forward P/E
Winner
FEMV
16.16
SPY
22.37
5Y Dividends CAGR
FEMV
N/A
SPY
5.43%
5Y EPS CAGR
FEMV
14.77%
Winner
SPY
26.05%
Debt to Equity
FEMV
46.81%
Winner
SPY
32.40%
P/S Ratio
Winner
FEMV
1.81
SPY
3.74
P/B Ratio
Winner
FEMV
2.80
SPY
5.61
FEMV vs SPY - Holdings Comparison
FEMV and SPY have 102 common holdings. Overlap is 6.44%
FEMV's top 25 holdings weight is 27.66%. SPY's top 25 holdings weight is 52.37%.
| Rank | FEMV | SPY |
|---|---|---|
| #1 | CORNING INC (GLW) - 1.94% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.51% | APPLE INC (AAPL) - 7.02% |
| #3 | WESTERN DIGITAL CORP (WDC) - 1.50% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | BANK OF NEW YORK MELLON CORP (BNY) - 1.35% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | CIENA CORP (CIEN) - 1.34% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | MARATHON PETROLEUM CORP (MPC) - 1.20% | BROADCOM INC (AVGO) - 3.10% |
| #7 | FORD MOTOR CO (F) - 1.16% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | VALERO ENERGY CORP (VLO) - 1.15% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | ROSS STORES INC (ROST) - 1.10% | TESLA INC (TSLA) - 1.89% |
| #10 | KINDER MORGAN INC CLASS P (KMI) - 1.10% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | DIGITAL REALTY TRUST INC (DLR) - 1.08% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | NUCOR CORP (NUE) - 1.06% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | KEYSIGHT TECHNOLOGIES INC (KEYS) - 1.05% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | L3HARRIS TECHNOLOGIES INC (LHX) - 1.03% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | TERADYNE INC (TER) - 1.03% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | EBAY INC (EBAY) - 1.02% | INTEL CORP (INTC) - 0.90% |
| #17 | CORTEVA INC (CTVA) - 0.98% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | ELECTRONIC ARTS INC (EA) - 0.95% | VISA INC CLASS A (V) - 0.85% |
| #19 | STATE STREET CORP (STT) - 0.92% | WALMART INC (WMT) - 0.81% |
| #20 | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) - 0.89% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | ANGLOGOLD ASHANTI PLC (AU) - 0.88% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | QNITY ELECTRONICS INC (Q) - 0.86% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | OCCIDENTAL PETROLEUM CORP (OXY) - 0.86% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | AMETEK INC (AME) - 0.86% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | THE HARTFORD INSURANCE GROUP INC (HIG) - 0.84% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 197 | 505 |
FEMV vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FEMV
+1.18%
Winner
SPY
+1.90%
3M
FEMV
N/A
SPY
+8.55%
6M
FEMV
N/A
SPY
+8.18%
1Y
FEMV
N/A
SPY
+25.79%
5Y(CAGR)
FEMV
N/A
SPY
+13.32%
10Y(CAGR)
FEMV
N/A
SPY
+15.19%
Max(CAGR)
Winner
FEMV
+24.52%
SPY
+8.47%
FEMV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FEMV | SPY |
|---|---|---|
| 2026 | +2.18% | +8.26% |
| 2025 | N/A | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FEMV vs SPY Drawdown Comparison
The maximum drawdown for FEMV was -1.97%, occurring on May 19, 2026. Recovery took 12 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FEMV drawdown is -1.88%. The current SPY drawdown is -2.90%.
| Rank | FEMV | SPY |
|---|---|---|
| #1 | -1.97% May 6, 2026 - May 22, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -1.88% Jun 4, 2026 - Jun 5, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -0.55% May 26, 2026 - Jun 1, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -0.37% May 1, 2026 - May 5, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | N/A | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | N/A | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | N/A | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | N/A | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | N/A | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | N/A | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FEMV and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
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