FMDE vs ICVT

Comparison between FIDELITY ENHANCED MID CAP ETF (FMDE, ETF) and ISHARES CONVERTIBLE BOND ETF (ICVT, ETF).

FMDE vs ICVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMDE(ETF)	ICVT(ETF)
Net Assets	$7.40B	$7.50B
Expense Ratio	0.23%	0.20%
Max Drawdown	21.61%	38.15%
Sharpe Ratio	1.13	1.26
5Y Beta	0.91	0.61
P/E Ratio	23.95	N/A
Forward P/E	15.73	N/A
5Y Dividends CAGR	N/A	-14.83%
5Y EPS CAGR	16.21%	N/A
Debt to Equity	58.60%	N/A
P/S Ratio	1.56	N/A
P/B Ratio	2.97	N/A

Net Assets

FMDE

$7.40B

Winner

ICVT

$7.50B

Expense Ratio

FMDE

0.23%

Winner

ICVT

0.20%

Max Drawdown

Winner

FMDE

21.61%

ICVT

38.15%

Sharpe Ratio

FMDE

1.13

Winner

ICVT

1.26

5Y Beta

FMDE

0.91

Winner

ICVT

0.61

P/E Ratio

FMDE

23.95

ICVT

N/A

Forward P/E

FMDE

15.73

ICVT

N/A

5Y Dividends CAGR

FMDE

N/A

ICVT

-14.83%

5Y EPS CAGR

FMDE

16.21%

ICVT

N/A

Debt to Equity

FMDE

58.60%

ICVT

N/A

P/S Ratio

FMDE

1.56

ICVT

N/A

P/B Ratio

FMDE

2.97

ICVT

N/A

FMDE vs ICVT - Historical Returns

Returns include dividend reinvestment.

Period	FMDE	ICVT
1 month	+0.86%	-7.33%
3 months	+7.37%	+2.52%
6 months	+8.70%	+10.52%
1 year	+19.42%	+25.53%
5 years(CAGR)	N/A	+6.32%
10 years(CAGR)	N/A	+12.95%
Max(CAGR)	+21.33%	+11.15%

Winner

FMDE

+0.86%

ICVT

-7.33%

Winner

FMDE

+7.37%

ICVT

+2.52%

FMDE

+8.70%

Winner

ICVT

+10.52%

FMDE

+19.42%

Winner

ICVT

+25.53%

5Y(CAGR)

FMDE

N/A

ICVT

+6.32%

10Y(CAGR)

FMDE

N/A

ICVT

+12.95%

Max(CAGR)

Winner

FMDE

+21.33%

ICVT

+11.15%

FMDE vs ICVT - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	FMDE	ICVT
2026	+11.49%	+14.38%
2025	+12.33%	+18.03%
2024	+22.25%	+11.71%
2023	+8.91%	+15.59%
2022	N/A	-20.76%
2021	N/A	-0.63%
2020	N/A	+59.30%
2019	N/A	+22.39%
2018	N/A	-1.05%
2017	N/A	+15.43%
2016	N/A	+11.50%
2015	N/A	-6.03%

FMDE vs ICVT Drawdown Comparison

The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.

The maximum drawdown for ICVT was -33.15%, occurring on Jun 16, 2022. Recovery took 1145 trading sessions.

The current ICVT drawdown is -8.45%.

Rank	FMDE	ICVT
#1	-21.10% Dec 4, 2024 - Jul 22, 2025	-33.15% Feb 12, 2021 - Sep 5, 2025
#2	-8.32% Feb 26, 2026 - Apr 17, 2026	-32.18% Feb 19, 2020 - Jun 5, 2020
#3	-6.79% Jul 16, 2024 - Aug 21, 2024	-18.52% Jun 23, 2015 - Oct 10, 2016
#4	-6.53% Mar 27, 2024 - Jul 16, 2024	-13.86% Aug 29, 2018 - Feb 25, 2019
#5	-5.69% Oct 27, 2025 - Nov 28, 2025	-8.63% Sep 1, 2020 - Oct 9, 2020
#6	-4.09% Sep 18, 2025 - Oct 27, 2025	-8.45% Jun 22, 2026 - Jul 16, 2026
#7	-3.99% Aug 30, 2024 - Sep 18, 2024	-7.55% Nov 3, 2025 - Jan 16, 2026
#8	-3.19% Jun 4, 2026 - Jun 12, 2026	-6.75% Jan 26, 2018 - Mar 8, 2018
#9	-3.02% Jan 15, 2026 - Feb 20, 2026	-6.74% Jun 2, 2026 - Jun 18, 2026
#10	-2.86% Dec 28, 2023 - Jan 29, 2024	-6.55% Jul 24, 2019 - Nov 25, 2019
#11	-2.60% May 6, 2026 - May 22, 2026	-6.17% Jan 28, 2026 - Apr 8, 2026
#12	-2.59% Nov 11, 2024 - Nov 22, 2024	-5.84% Mar 12, 2018 - May 30, 2018
#13	-2.41% Jul 25, 2025 - Aug 13, 2025	-5.49% May 3, 2019 - Jul 1, 2019
#14	-2.28% Oct 18, 2024 - Nov 6, 2024	-4.87% Jun 8, 2020 - Jun 17, 2020
#15	-2.22% Dec 11, 2025 - Jan 5, 2026	-4.66% Oct 13, 2020 - Nov 5, 2020

Correlation

Correlation between FMDE and ICVT is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2015 - 2026)

FMDE vs ICVT dividend yield comparison.

Year	FMDE	ICVT
2026	0.52%	0.65%
2025	1.23%	1.73%
2024	1.11%	2.19%
2023	0.10%	1.85%
2022	0.00%	1.93%
2021	0.00%	7.70%
2020	0.00%	3.98%
2019	0.00%	1.86%
2018	0.00%	4.82%
2017	0.00%	2.56%
2016	0.00%	3.06%
2015	0.00%	1.57%