FMDE vs TCAF
Comparison between FIDELITY ENHANCED MID CAP ETF (FMDE, ETF) and T. ROWE PRICE CAPITAL APPRECIATION EQUITY ETF (TCAF, ETF).
FMDE vs TCAF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMDE
$7.40B
TCAF
$7.40B
Expense Ratio
Winner
FMDE
0.23%
TCAF
0.31%
Max Drawdown
FMDE
21.61%
Winner
TCAF
16.57%
Sharpe Ratio
Winner
FMDE
1.13
TCAF
1.08
5Y Beta
FMDE
0.91
Winner
TCAF
0.88
P/E Ratio
Winner
FMDE
23.95
TCAF
35.90
Forward P/E
Winner
FMDE
15.73
TCAF
21.79
PEG Ratio
FMDE
N/A
TCAF
0.57
5Y EPS CAGR
FMDE
16.21%
Winner
TCAF
23.88%
Debt to Equity
FMDE
58.60%
TCAF
N/A
P/S Ratio
Winner
FMDE
1.56
TCAF
2.56
P/B Ratio
Winner
FMDE
2.97
TCAF
5.40
FMDE vs TCAF - Holdings Comparison
FMDE and TCAF have 20 common holdings. Overlap is 2.76%
FMDE's top 25 holdings weight is 19.96%. TCAF's top 25 holdings weight is 62.24%.
| Rank | FMDE | TCAF |
|---|---|---|
| #1 | n/a (n/a) - 1.11% | AMAZON.COM INC (AMZN) - 5.39% |
| #2 | MARATHON PETROLEUM CORP (MPC) - 1.00% | MICROSOFT CORP (MSFT) - 4.96% |
| #3 | ALLSTATE CORP (ALL) - 1.00% | NVIDIA CORP (NVDA) - 4.67% |
| #4 | L3HARRIS TECHNOLOGIES INC (LHX) - 0.93% | APPLE INC (AAPL) - 4.52% |
| #5 | KINDER MORGAN INC CLASS P (KMI) - 0.92% | ALPHABET INC CLASS A (GOOGL) - 4.01% |
| #6 | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.91% | META PLATFORMS INC CLASS A (META) - 3.79% |
| #7 | STATE STREET CORP (STT) - 0.89% | BROADCOM INC (AVGO) - 3.38% |
| #8 | AMETEK INC (AME) - 0.88% | CENTERPOINT ENERGY INC (CNP) - 2.83% |
| #9 | HUMANA INC (HUM) - 0.87% | CENCORA INC (COR) - 2.39% |
| #10 | TERADYNE INC (TER) - 0.85% | KEURIG DR PEPPER INC (KDP) - 2.24% |
| #11 | COMFORT SYSTEMS USA INC (FIX) - 0.85% | NISOURCE INC (NI) - 2.16% |
| #12 | VENTAS INC (VTR) - 0.85% | ADVANCED MICRO DEVICES INC (AMD) - 2.11% |
| #13 | FORD MOTOR CO (F) - 0.84% | MASTERCARD INC CLASS A (MA) - 1.89% |
| #14 | CORTEVA INC (CTVA) - 0.84% | n/a (TSM) - 1.80% |
| #15 | CARDINAL HEALTH INC (CAH) - 0.81% | JPMORGAN CHASE & CO (JPM) - 1.73% |
| #16 | NUCOR CORP (NUE) - 0.78% | ALPHABET INC CLASS C (GOOG) - 1.63% |
| #17 | NORTHERN TRUST CORP (NTRS) - 0.77% | WATERS CORP (WAT) - 1.60% |
| #18 | FIDELITY CASH CENTRAL FUND (n/a) - 0.76% | AMEREN CORP (AEE) - 1.54% |
| #19 | OCCIDENTAL PETROLEUM CORP (OXY) - 0.76% | MICRON TECHNOLOGY INC (MU) - 1.50% |
| #20 | EXPEDIA GROUP INC (EXPE) - 0.74% | VISA INC CLASS A (V) - 1.48% |
| #21 | SENSATA TECHNOLOGIES HOLDING PLC (ST) - 0.52% | PPL CORP (PPL) - 1.47% |
| #22 | VISTRA CORP (VST) - 0.52% | DANAHER CORP (DHR) - 1.45% |
| #23 | HASBRO INC (HAS) - 0.52% | REVVITY INC (RVTY) - 1.34% |
| #24 | NASDAQ INC (NDAQ) - 0.52% | CYTOKINETICS INC (CYTK) - 1.20% |
| #25 | VALMONT INDUSTRIES INC (VMI) - 0.52% | STARBUCKS CORP (SBUX) - 1.16% |
| Total Holdings | 401 | 106 |
FMDE vs TCAF - Historical Returns
Returns include dividend reinvestment.
1M
FMDE
+0.86%
Winner
TCAF
+2.71%
3M
FMDE
+7.37%
Winner
TCAF
+7.71%
6M
Winner
FMDE
+8.70%
TCAF
+7.57%
1Y
Winner
FMDE
+19.42%
TCAF
+17.03%
Max(CAGR)
Winner
FMDE
+21.33%
TCAF
+17.58%
FMDE vs TCAF - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FMDE | TCAF |
|---|---|---|
| 2026 | +11.49% | +9.18% |
| 2025 | +12.33% | +15.83% |
| 2024 | +22.25% | +21.95% |
| 2023 | +8.91% | +8.40% |
FMDE vs TCAF Drawdown Comparison
The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.
The maximum drawdown for TCAF was -16.37%, occurring on Apr 8, 2025. Recovery took 102 trading sessions.
The current TCAF drawdown is -0.72%.
| Rank | FMDE | TCAF |
|---|---|---|
| #1 | -21.10% Dec 4, 2024 - Jul 22, 2025 | -16.37% Jan 28, 2025 - Jun 25, 2025 |
| #2 | -8.32% Feb 26, 2026 - Apr 17, 2026 | -11.33% Oct 28, 2025 - Apr 17, 2026 |
| #3 | -6.79% Jul 16, 2024 - Aug 21, 2024 | -8.80% Jul 28, 2023 - Nov 20, 2023 |
| #4 | -6.53% Mar 27, 2024 - Jul 16, 2024 | -5.99% Jul 16, 2024 - Aug 19, 2024 |
| #5 | -5.69% Oct 27, 2025 - Nov 28, 2025 | -4.56% Mar 27, 2024 - May 14, 2024 |
| #6 | -4.09% Sep 18, 2025 - Oct 27, 2025 | -4.20% Dec 4, 2024 - Jan 23, 2025 |
| #7 | -3.99% Aug 30, 2024 - Sep 18, 2024 | -3.99% May 29, 2026 - Jul 1, 2026 |
| #8 | -3.19% Jun 4, 2026 - Jun 12, 2026 | -3.86% Aug 30, 2024 - Sep 16, 2024 |
| #9 | -3.02% Jan 15, 2026 - Feb 20, 2026 | -3.08% Oct 14, 2024 - Nov 6, 2024 |
| #10 | -2.86% Dec 28, 2023 - Jan 29, 2024 | -2.77% Oct 8, 2025 - Oct 24, 2025 |
| #11 | -2.60% May 6, 2026 - May 22, 2026 | -2.71% Nov 8, 2024 - Nov 29, 2024 |
| #12 | -2.59% Nov 11, 2024 - Nov 22, 2024 | -2.49% May 21, 2024 - Jun 5, 2024 |
| #13 | -2.41% Jul 25, 2025 - Aug 13, 2025 | -2.45% Jun 15, 2023 - Jul 13, 2023 |
| #14 | -2.28% Oct 18, 2024 - Nov 6, 2024 | -2.10% Jul 25, 2025 - Aug 13, 2025 |
| #15 | -2.22% Dec 11, 2025 - Jan 5, 2026 | -2.03% Dec 27, 2023 - Jan 19, 2024 |
Correlation
Correlation between FMDE and TCAF is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2023 - 2026)
FMDE vs TCAF dividend yield comparison.
| Year | FMDE | TCAF |
|---|---|---|
| 2026 | 0.52% | 0.00% |
| 2025 | 1.23% | 0.50% |
| 2024 | 1.11% | 0.43% |
| 2023 | 0.10% | 0.26% |
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