FMED vs TAXT
Comparison between FIDELITY DISRUPTIVE MEDICINE ETF (FMED, ETF) and NORTHERN TRUST TAX-EXEMPT BOND ETF (TAXT, ETF).
FMED vs TAXT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMED
$58M
TAXT
$58M
Expense Ratio
FMED
0.50%
Winner
TAXT
0.05%
Max Drawdown
FMED
21.84%
Winner
TAXT
2.70%
Sharpe Ratio
FMED
0.08
Winner
TAXT
1.23
5Y Beta
FMED
0.79
Winner
TAXT
0.07
P/E Ratio
FMED
-33.03
TAXT
N/A
Forward P/E
FMED
21.16
TAXT
N/A
Debt to Equity
FMED
13.07%
TAXT
N/A
P/S Ratio
FMED
4.78
TAXT
N/A
P/B Ratio
FMED
4.55
TAXT
N/A
FMED vs TAXT - Historical Returns
Returns include dividend reinvestment.
1M
FMED
-2.10%
Winner
TAXT
+0.61%
3M
FMED
-3.48%
Winner
TAXT
+0.12%
6M
FMED
-13.37%
Winner
TAXT
+1.70%
1Y
FMED
+3.18%
TAXT
N/A
Max(CAGR)
FMED
-0.81%
Winner
TAXT
+6.92%
FMED vs TAXT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FMED | TAXT |
|---|---|---|
| 2026 | -8.66% | +1.27% |
| 2025 | +9.24% | +3.97% |
| 2024 | +2.42% | N/A |
| 2023 | -4.20% | N/A |
FMED vs TAXT Drawdown Comparison
The maximum drawdown for FMED was -21.84%, occurring on Oct 30, 2023. Recovery took 151 trading sessions.
The maximum drawdown for TAXT was -2.49%, occurring on Mar 24, 2026. This drawdown has not yet recovered.
The current FMED drawdown is -14.83%. The current TAXT drawdown is -0.63%.
| Rank | FMED | TAXT |
|---|---|---|
| #1 | -21.84% Jul 21, 2023 - Feb 27, 2024 | -2.49% Feb 27, 2026 - Mar 24, 2026 |
| #2 | -19.46% Jan 30, 2025 - Oct 27, 2025 | -0.49% Nov 11, 2025 - Nov 26, 2025 |
| #3 | -18.33% Nov 28, 2025 - Mar 30, 2026 | -0.37% Oct 24, 2025 - Nov 11, 2025 |
| #4 | -8.49% Feb 27, 2024 - Aug 21, 2024 | -0.36% Sep 17, 2025 - Oct 7, 2025 |
| #5 | -7.13% Sep 19, 2024 - Dec 4, 2024 | -0.34% Nov 28, 2025 - Dec 5, 2025 |
| #6 | -6.80% Dec 4, 2024 - Jan 30, 2025 | -0.33% Jan 14, 2026 - Jan 30, 2026 |
| #7 | -4.70% Oct 27, 2025 - Nov 11, 2025 | -0.17% Aug 22, 2025 - Sep 3, 2025 |
| #8 | -4.36% Jun 13, 2023 - Jul 21, 2023 | -0.17% Dec 5, 2025 - Dec 16, 2025 |
| #9 | -1.91% Aug 29, 2024 - Sep 12, 2024 | -0.16% Aug 19, 2025 - Aug 22, 2025 |
| #10 | -1.33% Nov 12, 2025 - Nov 19, 2025 | -0.11% Dec 29, 2025 - Jan 2, 2026 |
| #11 | -0.82% Sep 16, 2024 - Sep 19, 2024 | -0.11% Feb 9, 2026 - Feb 12, 2026 |
| #12 | -0.51% Nov 19, 2025 - Nov 21, 2025 | -0.09% Dec 16, 2025 - Dec 19, 2025 |
| #13 | -0.40% Aug 23, 2024 - Aug 27, 2024 | -0.09% Dec 19, 2025 - Dec 23, 2025 |
| #14 | -0.16% Aug 27, 2024 - Aug 29, 2024 | -0.07% Dec 24, 2025 - Dec 29, 2025 |
| #15 | -0.12% Aug 21, 2024 - Aug 23, 2024 | -0.07% Jan 9, 2026 - Jan 14, 2026 |
Correlation
Correlation between FMED and TAXT is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
0.14
-101
Dividend Comparison (2024 - 2026)
FMED vs TAXT dividend yield comparison.
| Year | FMED | TAXT |
|---|---|---|
| 2026 | 0.00% | 1.31% |
| 2025 | 0.00% | 1.23% |
| 2024 | 0.46% | 0.00% |
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