HEFA vs FMDE
Comparison between ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF) and FIDELITY ENHANCED MID CAP ETF (FMDE, ETF).
HEFA vs FMDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HEFA
$7.30B
Winner
FMDE
$7.80B
Expense Ratio
HEFA
0.35%
Winner
FMDE
0.23%
Max Drawdown
HEFA
32.39%
Winner
FMDE
21.61%
Sharpe Ratio
Winner
HEFA
1.89
FMDE
1.30
5Y Beta
Winner
HEFA
0.73
FMDE
0.90
P/E Ratio
HEFA
N/A
FMDE
22.54
Forward P/E
HEFA
N/A
FMDE
15.71
5Y Dividends CAGR
HEFA
17.50%
FMDE
N/A
5Y EPS CAGR
HEFA
N/A
FMDE
17.07%
Debt to Equity
HEFA
N/A
FMDE
157.73%
P/S Ratio
HEFA
N/A
FMDE
1.65
P/B Ratio
HEFA
N/A
FMDE
3.08
HEFA vs FMDE - Holdings Comparison
HEFA and FMDE have 1 common holdings. Overlap is -35.72%
HEFA's top 25 holdings weight is 156.51%. FMDE's top 25 holdings weight is 19.90%.
| Rank | HEFA | FMDE |
|---|---|---|
| #1 | ISHARES MSCI EAFE ETF (EFA) - 100.01% | n/a (n/a) - 1.41% |
| #2 | EUR/USD PURCHASED (n/a) - 35.08% | MARATHON PETROLEUM CORP (MPC) - 1.05% |
| #3 | JPY/USD PURCHASED (n/a) - 23.71% | ALLSTATE CORP (ALL) - 0.98% |
| #4 | GBP/USD PURCHASED (n/a) - 13.57% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.93% |
| #5 | CHF/USD PURCHASED (n/a) - 9.37% | AMETEK INC (AME) - 0.92% |
| #6 | AUD/USD PURCHASED (n/a) - 6.38% | NUCOR CORP (NUE) - 0.91% |
| #7 | SEK/USD PURCHASED (n/a) - 3.04% | STATE STREET CORP (STT) - 0.87% |
| #8 | HKD/USD PURCHASED (n/a) - 1.81% | L3HARRIS TECHNOLOGIES INC (LHX) - 0.86% |
| #9 | DKK/USD PURCHASED (n/a) - 1.62% | KINDER MORGAN INC CLASS P (KMI) - 0.85% |
| #10 | SGD/USD PURCHASED (n/a) - 1.42% | COMFORT SYSTEMS USA INC (FIX) - 0.85% |
| #11 | ILS/USD PURCHASED (n/a) - 0.87% | FORD MOTOR CO (F) - 0.84% |
| #12 | NOK/USD PURCHASED (n/a) - 0.64% | EXPEDIA GROUP INC (EXPE) - 0.81% |
| #13 | USD CASH (n/a) - 0.00% | VENTAS INC (VTR) - 0.79% |
| #14 | NZD/USD PURCHASED (n/a) - 0.00% | SNOWFLAKE INC ORDINARY SHARES (SNOW) - 0.78% |
| #15 | CASH OFFSET (n/a) - -0.05% | ILLUMINA INC (ILMN) - 0.76% |
| #16 | NZD/USD SOLD (n/a) - -0.17% | CARDINAL HEALTH INC (CAH) - 0.76% |
| #17 | NOK/USD SOLD (n/a) - -0.69% | HUMANA INC (HUM) - 0.76% |
| #18 | ILS/USD SOLD (n/a) - -0.92% | NORTHERN TRUST CORP (NTRS) - 0.75% |
| #19 | SGD/USD SOLD (n/a) - -1.51% | OCCIDENTAL PETROLEUM CORP (OXY) - 0.75% |
| #20 | DKK/USD SOLD (n/a) - -1.73% | GARMIN LTD (GRMN) - 0.73% |
| #21 | HKD/USD SOLD (n/a) - -1.95% | HUBSPOT INC (HUBS) - 0.52% |
| #22 | SEK/USD SOLD (n/a) - -3.14% | ZOOM COMMUNICATIONS INC (ZM) - 0.51% |
| #23 | AUD/USD SOLD (n/a) - -6.71% | MAPLEBEAR INC (CART) - 0.51% |
| #24 | CHF/USD SOLD (n/a) - -9.88% | CIRRUS LOGIC INC (CRUS) - 0.50% |
| #25 | GBP/USD SOLD (n/a) - -14.26% | LITTELFUSE INC (LFUS) - 0.50% |
| Total Holdings | 27 | 415 |
HEFA vs FMDE - Historical Returns
Returns include dividend reinvestment.
1M
HEFA
+2.78%
Winner
FMDE
+4.73%
3M
HEFA
+9.00%
Winner
FMDE
+9.53%
6M
HEFA
+10.26%
Winner
FMDE
+13.44%
1Y
Winner
HEFA
+30.45%
FMDE
+23.11%
5Y(CAGR)
HEFA
+14.38%
FMDE
N/A
10Y(CAGR)
HEFA
+12.98%
FMDE
N/A
Max(CAGR)
HEFA
+11.01%
Winner
FMDE
+22.63%
HEFA vs FMDE - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | HEFA | FMDE |
|---|---|---|
| 2026 | +15.48% | +16.10% |
| 2025 | +24.11% | +12.33% |
| 2024 | +13.79% | +22.25% |
| 2023 | +18.27% | +8.91% |
| 2022 | -5.86% | N/A |
| 2021 | +19.07% | N/A |
| 2020 | +0.72% | N/A |
| 2019 | +27.05% | N/A |
| 2018 | -9.58% | N/A |
| 2017 | +15.19% | N/A |
| 2016 | +8.06% | N/A |
| 2015 | +3.94% | N/A |
| 2014 | +6.13% | N/A |
HEFA vs FMDE Drawdown Comparison
The maximum drawdown for HEFA was -32.39%, occurring on Mar 16, 2020. Recovery took 226 trading sessions.
The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.
| Rank | HEFA | FMDE |
|---|---|---|
| #1 | -32.39% Feb 12, 2020 - Jan 5, 2021 | -21.10% Dec 4, 2024 - Jul 22, 2025 |
| #2 | -23.14% May 27, 2015 - Mar 1, 2017 | -8.32% Feb 26, 2026 - Apr 17, 2026 |
| #3 | -15.43% Jan 23, 2018 - Apr 12, 2019 | -6.79% Jul 16, 2024 - Aug 21, 2024 |
| #4 | -14.77% Jan 4, 2022 - Jan 23, 2023 | -6.53% Mar 27, 2024 - Jul 16, 2024 |
| #5 | -14.28% Feb 18, 2025 - May 12, 2025 | -5.69% Oct 27, 2025 - Nov 28, 2025 |
| #6 | -9.79% Jul 12, 2024 - Oct 14, 2024 | -4.09% Sep 18, 2025 - Oct 27, 2025 |
| #7 | -9.52% Feb 25, 2026 - May 21, 2026 | -3.99% Aug 30, 2024 - Sep 18, 2024 |
| #8 | -9.48% Sep 4, 2014 - Nov 18, 2014 | -3.19% Jun 4, 2026 - Jun 12, 2026 |
| #9 | -7.49% Dec 5, 2014 - Jan 26, 2015 | -3.02% Jan 15, 2026 - Feb 20, 2026 |
| #10 | -6.87% Jul 3, 2019 - Sep 12, 2019 | -2.86% Dec 28, 2023 - Jan 29, 2024 |
| #11 | -6.78% Jul 31, 2023 - Nov 24, 2023 | -2.60% May 6, 2026 - May 22, 2026 |
| #12 | -5.83% Mar 3, 2023 - Apr 10, 2023 | -2.59% Nov 11, 2024 - Nov 22, 2024 |
| #13 | -5.59% Nov 16, 2021 - Jan 3, 2022 | -2.41% Jul 25, 2025 - Aug 13, 2025 |
| #14 | -4.97% Apr 29, 2019 - Jul 1, 2019 | -2.28% Oct 18, 2024 - Nov 6, 2024 |
| #15 | -4.84% Jun 19, 2014 - Sep 4, 2014 | -2.22% Dec 11, 2025 - Jan 5, 2026 |
Correlation
Correlation between HEFA and FMDE is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2014 - 2026)
HEFA vs FMDE dividend yield comparison.
| Year | HEFA | FMDE |
|---|---|---|
| 2026 | 1.45% | 0.50% |
| 2025 | 4.40% | 1.23% |
| 2024 | 3.09% | 1.11% |
| 2023 | 3.02% | 0.10% |
| 2022 | 25.14% | 0.00% |
| 2021 | 3.06% | 0.00% |
| 2020 | 2.10% | 0.00% |
| 2019 | 7.56% | 0.00% |
| 2018 | 4.58% | 0.00% |
| 2017 | 2.55% | 0.00% |
| 2016 | 3.17% | 0.00% |
| 2015 | 3.54% | 0.00% |
| 2014 | 3.40% | 0.00% |
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