FEMG - ETF AI Analysis
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Fidelity Enhanced Mid Cap Growth ETF (FEMG)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Top Tech Holdings
Several of the largest technology positions, such as Cloudflare, Snowflake, and Datadog, have shown strong gains, helping drive the fund’s overall results.
Broad Sector Diversification
The ETF spreads its investments across many sectors, including technology, industrials, health care, consumer, financials, and energy, which helps reduce the impact if one area struggles.
Moderate Expense Ratio
The fund’s expense ratio is relatively modest for an actively managed, specialized ETF, allowing more of the returns from its holdings to reach investors.
Negative Factors
Heavy U.S. Concentration
Almost all of the ETF’s assets are invested in U.S. companies, offering little geographic diversification if the U.S. market faces a downturn.
Growth and Tech Tilt
A large weight in growth-oriented technology names makes the fund more sensitive to swings in investor sentiment toward high-growth stocks.
Recent Short-Term Weakness
The ETF has experienced a recent dip over the past month, and one of its top holdings has shown weak performance, which may add to short-term volatility.
FEMG vs. SPDR S&P 500 ETF (SPY)
AUM6.65M
RegionNorth America
Expense Ratio0.23%
Beta1.03
IssuerFidelity
Inception DateApr 28, 2026
Dividend Yield0.18%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,725
30 Day Avg. Volume1,918
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
32.73Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering167
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FEMG Summary
FEMG, the Fidelity Enhanced Mid Cap Growth ETF, focuses on medium‑sized U.S. companies that are growing quickly. It follows a mid‑cap growth theme, using the Russell Midcap Growth universe and Fidelity’s research team to pick stocks rather than simply copying an index. The fund holds fast‑growing names like Cloudflare and Snowflake, mainly in technology and industrials. Someone might invest in FEMG to seek higher long‑term growth than large, more established companies and to diversify beyond big‑cap stocks. A key risk is that mid‑cap growth stocks, especially in tech, can be more volatile and may rise or fall sharply with market conditions.
How much will it cost me?This ETF has an expense ratio of 0.23%, which means you’ll pay about $2.30 per year for every $1,000 you invest. That’s slightly higher than a typical low-cost index ETF because this fund is actively managed, where managers research and select mid-cap growth stocks in an effort to outperform the market.
What would affect this ETF?This ETF could benefit if the U.S. economy stays healthy, business spending on technology and industrial projects grows, and travel and consumer demand remain strong, which would support many of its mid‑cap growth holdings in sectors like industrials, tech, and consumer cyclical. On the downside, higher interest rates, an economic slowdown, or tighter regulations on energy, travel, or tech companies could hurt these same areas, and the fund’s active, concentrated approach means performance may swing more than a broad market ETF.
FEMG Top 10 Holdings
FEMG is leaning hard into mid-cap tech, with names like Cloudflare, Datadog, and Snowflake doing most of the heavy lifting as their shares keep rising on strong growth and AI-driven stories. Natera and Astera Labs add more high-octane, innovation-focused exposure, reinforcing the fund’s growth-first mindset. On the flip side, Vistra looks more like a speed bump, with weaker recent performance that dulls some of the shine. Overall, this is a U.S.-centric, growth-heavy portfolio where a handful of fast-moving tech and health names set the tone.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Snowflake | 3.74% | $242.45K | $120.32B | 45.07% | 54 Neutral | |
| Cloudflare | 3.65% | $236.15K | $124.30B | 61.11% | 61 Neutral | |
| Datadog | 3.17% | $205.11K | $99.54B | 82.60% | 69 Neutral | |
| Comfort Systems | 2.17% | $140.60K | $60.82B | 111.24% | 80 Outperform | |
| Natera | 2.02% | $130.61K | $59.15B | 145.20% | 73 Outperform | |
| Targa Resources | 1.88% | $121.64K | $60.41B | 73.59% | 74 Outperform | |
| Fastenal Company | 1.87% | $120.80K | $58.24B | 5.99% | 72 Outperform | |
| Lumentum Holdings | 1.84% | $119.46K | $97.36B | 562.61% | 61 Neutral | |
| Vistra Corp | 1.80% | $116.77K | $47.00B | -30.68% | 65 Neutral | |
| Astera Labs, Inc. | 1.75% | $113.20K | $60.78B | 74.52% | 68 Neutral |
FEMG Technical Analysis
Positive
―
Price Trends
26.22
Positive
26.02
Positive
Market Momentum
0.07
Negative
62.58
Neutral
93.61
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FEMG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 26.00, equal to the 50-day MA of 26.22, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 62.58 is Neutral, neither overbought nor oversold. The STOCH value of 93.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FEMG.
FEMG Peer Comparison
Comparison Results
Performance Comparison
FEMG
Fidelity Enhanced Mid Cap Growth ETF
26.81
1.71
6.81%
KMID
Virtus KAR Mid-Cap ETF
―
―
―
TSCM
TimesSquare Quality Mid Cap Growth ETF
―
―
―
MMID
MFS Active Mid Cap ETF
―
―
―
JMID
Janus Henderson Mid Cap Growth Alpha ETF
―
―
―
AEMG
Harbor AlphaEdge Mid Cap Growth ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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