FMDE vs TBIL
Comparison between FIDELITY ENHANCED MID CAP ETF (FMDE, ETF) and F/M US TREASURY 3 MONTH BILL ETF (TBIL, ETF).
FMDE vs TBIL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMDE
$7B
Winner
TBIL
$7.10B
Expense Ratio
FMDE
0.23%
Winner
TBIL
0.15%
Max Drawdown
FMDE
21.61%
Winner
TBIL
0.58%
Sharpe Ratio
Winner
FMDE
1.18
TBIL
0.41
5Y Beta
FMDE
0.91
Winner
TBIL
0.00
P/E Ratio
FMDE
25.42
TBIL
N/A
Forward P/E
FMDE
16.90
TBIL
N/A
5Y EPS CAGR
FMDE
18.24%
TBIL
N/A
Debt to Equity
FMDE
60.28%
TBIL
N/A
P/S Ratio
FMDE
1.86
TBIL
N/A
P/B Ratio
FMDE
3.30
TBIL
N/A
FMDE vs TBIL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMDE
+2.10%
TBIL
+0.28%
3M
Winner
FMDE
+11.55%
TBIL
+0.91%
6M
Winner
FMDE
+9.12%
TBIL
+1.76%
1Y
Winner
FMDE
+19.98%
TBIL
+3.91%
Max(CAGR)
Winner
FMDE
+21.08%
TBIL
+4.51%
FMDE vs TBIL - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | FMDE | TBIL |
|---|---|---|
| 2026 | +9.57% | +1.65% |
| 2025 | +12.33% | +4.19% |
| 2024 | +22.25% | +5.14% |
| 2023 | +8.91% | +5.10% |
| 2022 | N/A | +1.30% |
FMDE vs TBIL Drawdown Comparison
The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.
The maximum drawdown for TBIL was -0.10%, occurring on Oct 5, 2022. Recovery took 10 trading sessions.
The current FMDE drawdown is -1.37%.
| Rank | FMDE | TBIL |
|---|---|---|
| #1 | -21.10% Dec 4, 2024 - Jul 22, 2025 | -0.10% Oct 3, 2022 - Oct 17, 2022 |
| #2 | -8.32% Feb 26, 2026 - Apr 17, 2026 | -0.05% Dec 23, 2022 - Dec 29, 2022 |
| #3 | -6.79% Jul 16, 2024 - Aug 21, 2024 | -0.04% Aug 10, 2022 - Aug 25, 2022 |
| #4 | -6.53% Mar 27, 2024 - Jul 16, 2024 | -0.04% Nov 14, 2022 - Nov 17, 2022 |
| #5 | -5.69% Oct 27, 2025 - Nov 28, 2025 | -0.04% Apr 5, 2023 - Apr 12, 2023 |
| #6 | -4.09% Sep 18, 2025 - Oct 27, 2025 | -0.02% Jul 3, 2025 - Jul 9, 2025 |
| #7 | -3.99% Aug 30, 2024 - Sep 18, 2024 | -0.02% Aug 2, 2024 - Aug 7, 2024 |
| #8 | -3.19% Jun 4, 2026 - Jun 12, 2026 | -0.02% Mar 4, 2025 - Mar 7, 2025 |
| #9 | -3.02% Jan 15, 2026 - Feb 20, 2026 | -0.02% Feb 3, 2025 - Feb 5, 2025 |
| #10 | -2.86% Dec 28, 2023 - Jan 29, 2024 | -0.02% Oct 17, 2022 - Oct 25, 2022 |
| #11 | -2.60% May 6, 2026 - May 22, 2026 | -0.02% Jul 9, 2024 - Jul 11, 2024 |
| #12 | -2.59% Nov 11, 2024 - Nov 22, 2024 | -0.02% May 1, 2026 - May 5, 2026 |
| #13 | -2.41% Jul 25, 2025 - Aug 13, 2025 | -0.02% Feb 2, 2024 - Feb 8, 2024 |
| #14 | -2.28% Oct 18, 2024 - Nov 6, 2024 | -0.02% May 7, 2025 - May 9, 2025 |
| #15 | -2.22% Dec 11, 2025 - Jan 5, 2026 | -0.02% Jan 3, 2025 - Jan 8, 2025 |
Correlation
Correlation between FMDE and TBIL is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2022 - 2026)
FMDE vs TBIL dividend yield comparison.
| Year | FMDE | TBIL |
|---|---|---|
| 2026 | 0.53% | 1.49% |
| 2025 | 1.23% | 4.06% |
| 2024 | 1.11% | 5.02% |
| 2023 | 0.10% | 5.00% |
| 2022 | 0.00% | 1.10% |
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