SHYG vs FMDE
Comparison between ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF (SHYG, ETF) and FIDELITY ENHANCED MID CAP ETF (FMDE, ETF).
SHYG vs FMDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SHYG
$7.60B
Winner
FMDE
$7.80B
Expense Ratio
SHYG
0.30%
Winner
FMDE
0.23%
Max Drawdown
SHYG
26.29%
Winner
FMDE
21.61%
Sharpe Ratio
SHYG
0.43
Winner
FMDE
1.30
5Y Beta
Winner
SHYG
0.22
FMDE
0.90
P/E Ratio
SHYG
N/A
FMDE
22.54
Forward P/E
SHYG
N/A
FMDE
15.71
5Y Dividends CAGR
SHYG
3.71%
FMDE
N/A
5Y EPS CAGR
SHYG
N/A
FMDE
17.07%
Debt to Equity
SHYG
N/A
FMDE
157.73%
P/S Ratio
SHYG
N/A
FMDE
1.65
P/B Ratio
SHYG
N/A
FMDE
3.08
SHYG vs FMDE - Historical Returns
Returns include dividend reinvestment.
1M
SHYG
+0.30%
Winner
FMDE
+4.73%
3M
SHYG
+1.15%
Winner
FMDE
+9.53%
6M
SHYG
+1.87%
Winner
FMDE
+13.44%
1Y
SHYG
+5.29%
Winner
FMDE
+23.11%
5Y(CAGR)
SHYG
+4.97%
FMDE
N/A
10Y(CAGR)
SHYG
+4.98%
FMDE
N/A
Max(CAGR)
SHYG
+4.41%
Winner
FMDE
+22.63%
SHYG vs FMDE - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | SHYG | FMDE |
|---|---|---|
| 2026 | +2.32% | +16.10% |
| 2025 | +7.71% | +12.33% |
| 2024 | +8.38% | +22.25% |
| 2023 | +10.24% | +8.91% |
| 2022 | -4.63% | N/A |
| 2021 | +4.78% | N/A |
| 2020 | +2.98% | N/A |
| 2019 | +10.08% | N/A |
| 2018 | +0.04% | N/A |
| 2017 | +4.86% | N/A |
| 2016 | +12.94% | N/A |
| 2015 | -3.10% | N/A |
| 2014 | +0.23% | N/A |
| 2013 | +1.99% | N/A |
SHYG vs FMDE Drawdown Comparison
The maximum drawdown for SHYG was -19.27%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.
The maximum drawdown for FMDE was -21.10%, occurring on Apr 8, 2025. Recovery took 155 trading sessions.
| Rank | SHYG | FMDE |
|---|---|---|
| #1 | -19.27% Feb 14, 2020 - Nov 17, 2020 | -21.10% Dec 4, 2024 - Jul 22, 2025 |
| #2 | -10.32% May 29, 2015 - Jul 8, 2016 | -8.32% Feb 26, 2026 - Apr 17, 2026 |
| #3 | -9.39% Dec 27, 2021 - Jul 13, 2023 | -6.79% Jul 16, 2024 - Aug 21, 2024 |
| #4 | -5.15% Jun 23, 2014 - Apr 9, 2015 | -6.53% Mar 27, 2024 - Jul 16, 2024 |
| #5 | -5.04% Oct 1, 2018 - Jan 31, 2019 | -5.69% Oct 27, 2025 - Nov 28, 2025 |
| #6 | -4.53% Feb 28, 2025 - May 12, 2025 | -4.09% Sep 18, 2025 - Oct 27, 2025 |
| #7 | -2.69% Oct 24, 2016 - Dec 6, 2016 | -3.99% Aug 30, 2024 - Sep 18, 2024 |
| #8 | -2.39% Sep 1, 2023 - Nov 3, 2023 | -3.19% Jun 4, 2026 - Jun 12, 2026 |
| #9 | -1.86% Jan 26, 2018 - Apr 12, 2018 | -3.02% Jan 15, 2026 - Feb 20, 2026 |
| #10 | -1.75% Feb 2, 2026 - Apr 8, 2026 | -2.86% Dec 28, 2023 - Jan 29, 2024 |
| #11 | -1.74% Mar 27, 2024 - May 3, 2024 | -2.60% May 6, 2026 - May 22, 2026 |
| #12 | -1.61% Nov 5, 2021 - Dec 23, 2021 | -2.59% Nov 11, 2024 - Nov 22, 2024 |
| #13 | -1.57% Mar 1, 2017 - Apr 20, 2017 | -2.41% Jul 25, 2025 - Aug 13, 2025 |
| #14 | -1.48% May 3, 2019 - Jun 18, 2019 | -2.28% Oct 18, 2024 - Nov 6, 2024 |
| #15 | -1.38% Oct 20, 2017 - Jan 3, 2018 | -2.22% Dec 11, 2025 - Jan 5, 2026 |
Correlation
Correlation between SHYG and FMDE is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2013 - 2026)
SHYG vs FMDE dividend yield comparison.
| Year | SHYG | FMDE |
|---|---|---|
| 2026 | 4.09% | 0.50% |
| 2025 | 7.03% | 1.23% |
| 2024 | 6.93% | 1.11% |
| 2023 | 6.54% | 0.10% |
| 2022 | 5.57% | 0.00% |
| 2021 | 4.83% | 0.00% |
| 2020 | 5.07% | 0.00% |
| 2019 | 5.33% | 0.00% |
| 2018 | 5.90% | 0.00% |
| 2017 | 5.49% | 0.00% |
| 2016 | 5.53% | 0.00% |
| 2015 | 5.17% | 0.00% |
| 2014 | 4.33% | 0.00% |
| 2013 | 0.85% | 0.00% |
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