FMDE vs SSO
Comparison between FIDELITY ENHANCED MID CAP ETF (FMDE, ETF) and PROSHARES ULTRA S&P500 (SSO, ETF).
FMDE vs SSO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMDE
$7.80B
SSO
$7.80B
Expense Ratio
FMDE
0.23%
SSO
N/A
Max Drawdown
Winner
FMDE
21.61%
SSO
85.48%
Sharpe Ratio
FMDE
1.30
Winner
SSO
1.35
5Y Beta
Winner
FMDE
0.90
SSO
1.93
P/E Ratio
Winner
FMDE
22.54
SSO
26.50
Forward P/E
Winner
FMDE
15.71
SSO
20.90
PEG Ratio
FMDE
N/A
SSO
0.30
5Y Dividends CAGR
FMDE
N/A
SSO
62.18%
5Y EPS CAGR
FMDE
17.07%
Winner
SSO
26.44%
Debt to Equity
FMDE
157.73%
Winner
SSO
46.23%
P/S Ratio
Winner
FMDE
1.65
SSO
3.72
P/B Ratio
Winner
FMDE
3.08
SSO
5.56
FMDE vs SSO - Holdings Comparison
FMDE and SSO have 182 common holdings. Overlap is 5.98%
FMDE's top 25 holdings weight is 19.90%. SSO's top 25 holdings weight is 58.53%.
| Rank | FMDE | SSO |
|---|---|---|
| #1 | n/a (n/a) - 1.41% | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 16.25% |
| #2 | MARATHON PETROLEUM CORP (MPC) - 1.05% | S&P 500 INDEX SWAP (n/a) - 6.52% |
| #3 | ALLSTATE CORP (ALL) - 0.98% | NVIDIA CORP (NVDA) - 5.32% |
| #4 | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.93% | APPLE INC (AAPL) - 5.10% |
| #5 | AMETEK INC (AME) - 0.92% | MICROSOFT CORP (MSFT) - 3.13% |
| #6 | NUCOR CORP (NUE) - 0.91% | AMAZON.COM INC (AMZN) - 2.57% |
| #7 | STATE STREET CORP (STT) - 0.87% | ALPHABET INC CLASS A (GOOGL) - 2.16% |
| #8 | L3HARRIS TECHNOLOGIES INC (LHX) - 0.86% | BROADCOM INC (AVGO) - 1.94% |
| #9 | KINDER MORGAN INC CLASS P (KMI) - 0.85% | SPDR S&P 500 (SPY) SWAP (n/a) - 1.76% |
| #10 | COMFORT SYSTEMS USA INC (FIX) - 0.85% | ALPHABET INC CLASS C (GOOG) - 1.73% |
| #11 | FORD MOTOR CO (F) - 0.84% | META PLATFORMS INC CLASS A (META) - 1.50% |
| #12 | EXPEDIA GROUP INC (EXPE) - 0.81% | MICRON TECHNOLOGY INC (MU) - 1.16% |
| #13 | VENTAS INC (VTR) - 0.79% | TESLA INC (TSLA) - 1.13% |
| #14 | SNOWFLAKE INC ORDINARY SHARES (SNOW) - 0.78% | ELI LILLY AND CO (LLY) - 0.99% |
| #15 | ILLUMINA INC (ILMN) - 0.76% | JPMORGAN CHASE & CO (JPM) - 0.98% |
| #16 | CARDINAL HEALTH INC (CAH) - 0.76% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.95% |
| #17 | HUMANA INC (HUM) - 0.76% | ADVANCED MICRO DEVICES INC (AMD) - 0.94% |
| #18 | NORTHERN TRUST CORP (NTRS) - 0.75% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.67% |
| #19 | OCCIDENTAL PETROLEUM CORP (OXY) - 0.75% | JOHNSON & JOHNSON (JNJ) - 0.64% |
| #20 | GARMIN LTD (GRMN) - 0.73% | VISA INC CLASS A (V) - 0.63% |
| #21 | HUBSPOT INC (HUBS) - 0.52% | INTEL CORP (INTC) - 0.53% |
| #22 | ZOOM COMMUNICATIONS INC (ZM) - 0.51% | WALMART INC (WMT) - 0.51% |
| #23 | MAPLEBEAR INC (CART) - 0.51% | ABBVIE INC (ABBV) - 0.48% |
| #24 | CIRRUS LOGIC INC (CRUS) - 0.50% | CISCO SYSTEMS INC (CSCO) - 0.47% |
| #25 | LITTELFUSE INC (LFUS) - 0.50% | APPLIED MATERIALS INC (AMAT) - 0.47% |
| Total Holdings | 415 | 510 |
FMDE vs SSO - Historical Returns
Returns include dividend reinvestment.
1M
FMDE
+4.73%
Winner
SSO
+6.21%
3M
FMDE
+9.53%
Winner
SSO
+10.19%
6M
FMDE
+13.44%
Winner
SSO
+21.97%
1Y
FMDE
+23.11%
Winner
SSO
+42.19%
5Y(CAGR)
FMDE
N/A
SSO
+18.33%
10Y(CAGR)
FMDE
N/A
SSO
+23.75%
Max(CAGR)
Winner
FMDE
+22.63%
SSO
+15.97%
FMDE vs SSO - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FMDE | SSO |
|---|---|---|
| 2026 | +16.10% | +23.88% |
| 2025 | +12.33% | +26.86% |
| 2024 | +22.25% | +45.19% |
| 2023 | +8.91% | +47.99% |
| 2022 | N/A | -39.69% |
| 2021 | N/A | +65.07% |
| 2020 | N/A | +19.38% |
| 2019 | N/A | +63.26% |
| 2018 | N/A | -15.76% |
| 2017 | N/A | +42.26% |
| 2016 | N/A | +25.14% |
| 2015 | N/A | -1.06% |
| 2014 | N/A | +27.99% |
| 2013 | N/A | +62.55% |
| 2012 | N/A | +27.12% |
| 2011 | N/A | -4.74% |
| 2010 | N/A | +22.88% |
| 2009 | N/A | +38.70% |
| 2008 | N/A | -67.25% |
| 2007 | N/A | +1.74% |
| 2006 | N/A | +25.97% |
FMDE vs SSO Drawdown Comparison
The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.
The maximum drawdown for SSO was -84.67%, occurring on Mar 9, 2009. Recovery took 1520 trading sessions.
| Rank | FMDE | SSO |
|---|---|---|
| #1 | -21.10% Dec 4, 2024 - Jul 22, 2025 | -84.67% Oct 9, 2007 - Oct 22, 2013 |
| #2 | -8.32% Feb 26, 2026 - Apr 17, 2026 | -59.34% Feb 19, 2020 - Sep 2, 2020 |
| #3 | -6.79% Jul 16, 2024 - Aug 21, 2024 | -46.73% Jan 3, 2022 - Mar 1, 2024 |
| #4 | -6.53% Mar 27, 2024 - Jul 16, 2024 | -36.57% Sep 20, 2018 - Jul 2, 2019 |
| #5 | -5.69% Oct 27, 2025 - Nov 28, 2025 | -35.21% Feb 19, 2025 - Jul 3, 2025 |
| #6 | -4.09% Sep 18, 2025 - Oct 27, 2025 | -26.68% May 21, 2015 - Jul 11, 2016 |
| #7 | -3.99% Aug 30, 2024 - Sep 18, 2024 | -19.76% Jan 26, 2018 - Aug 27, 2018 |
| #8 | -3.19% Jun 4, 2026 - Jun 12, 2026 | -18.40% Sep 2, 2020 - Nov 16, 2020 |
| #9 | -3.02% Jan 15, 2026 - Feb 20, 2026 | -18.17% Jan 12, 2026 - Apr 16, 2026 |
| #10 | -2.86% Dec 28, 2023 - Jan 29, 2024 | -18.05% Jul 13, 2007 - Oct 9, 2007 |
| #11 | -2.60% May 6, 2026 - May 22, 2026 | -16.70% Jul 16, 2024 - Sep 19, 2024 |
| #12 | -2.59% Nov 11, 2024 - Nov 22, 2024 | -14.33% Sep 18, 2014 - Oct 31, 2014 |
| #13 | -2.41% Jul 25, 2025 - Aug 13, 2025 | -12.06% Jul 26, 2019 - Oct 28, 2019 |
| #14 | -2.28% Oct 18, 2024 - Nov 6, 2024 | -11.98% Feb 20, 2007 - Apr 16, 2007 |
| #15 | -2.22% Dec 11, 2025 - Jan 5, 2026 | -11.49% Dec 31, 2013 - Feb 27, 2014 |
Correlation
Correlation between FMDE and SSO is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2006 - 2026)
FMDE vs SSO dividend yield comparison.
| Year | FMDE | SSO |
|---|---|---|
| 2026 | 0.50% | 0.34% |
| 2025 | 1.23% | 0.68% |
| 2024 | 1.11% | 0.85% |
| 2023 | 0.10% | 0.18% |
| 2022 | 0.00% | 0.50% |
| 2021 | 0.00% | 0.18% |
| 2020 | 0.00% | 0.20% |
| 2019 | 0.00% | 0.50% |
| 2018 | 0.00% | 0.75% |
| 2017 | 0.00% | 0.39% |
| 2016 | 0.00% | 0.51% |
| 2015 | 0.00% | 0.63% |
| 2014 | 0.00% | 0.33% |
| 2013 | 0.00% | 0.26% |
| 2012 | 0.00% | 0.71% |
| 2011 | 0.00% | 0.56% |
| 2010 | 0.00% | 0.78% |
| 2009 | 0.00% | 0.77% |
| 2008 | 0.00% | 2.14% |
| 2007 | 0.00% | 5.34% |
| 2006 | 0.00% | 4.40% |
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