Fidelity Emerging Markets Multifactor ETF (FDEM)
FDEM is a passive ETF by Fidelity tracking the investment results of the Fidelity Targeted Emerging Markets Factor Index. FDEM launched on Feb 26, 2019 and has a 0.45% expense ratio.
ETF Info
| ISIN | US3160925430 |
|---|---|
| CUSIP | 316092543 |
| Issuer | Fidelity |
| Inception Date | Feb 26, 2019 |
| Region | Emerging Markets (Broad) |
| Category | Emerging Markets Equities |
| Leveraged | 1x |
| Index Tracked | Fidelity Targeted Emerging Markets Factor Index |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FDEM features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FDEM vs. FEMSX, FDEM vs. EMGF, FDEM vs. IEMG, FDEM vs. VWO, FDEM vs. OBEMX, FDEM vs. IGRO, FDEM vs. VOO, FDEM vs. DFEMX, FDEM vs. FXAIX, FDEM vs. AVEM
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Emerging Markets Multifactor ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Emerging Markets Multifactor ETF had a return of 8.72% year-to-date (YTD) and 14.92% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.72% | 25.48% |
| 1 month | -6.14% | 2.14% |
| 6 months | -1.05% | 12.76% |
| 1 year | 14.92% | 33.14% |
| 5 years (annualized) | 3.89% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FDEM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.29% | 2.66% | 2.42% | -0.20% | 3.35% | 1.44% | 1.29% | 0.02% | 5.29% | -3.55% | 8.72% | ||
| 2023 | 5.22% | -4.53% | 3.22% | 1.99% | -3.09% | 3.42% | 5.91% | -2.89% | -0.78% | -3.52% | 7.49% | 4.56% | 17.26% |
| 2022 | 1.32% | -4.49% | -1.03% | -4.35% | 1.25% | -7.24% | -0.95% | 1.11% | -8.60% | -0.31% | 13.16% | -2.19% | -13.11% |
| 2021 | 0.77% | -0.44% | 1.03% | 1.39% | 1.83% | 0.62% | -5.36% | 0.54% | -3.46% | 0.29% | -2.19% | 1.68% | -3.52% |
| 2020 | -4.76% | -5.30% | -16.32% | 8.41% | 2.77% | 3.73% | 5.21% | 0.67% | -0.20% | 0.20% | 9.02% | 8.11% | 8.87% |
| 2019 | 0.19% | 1.22% | -5.62% | 5.46% | -2.17% | -2.69% | 1.69% | 3.47% | -0.98% | 5.61% | 5.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FDEM is 39, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Emerging Markets Multifactor ETF provided a 3.35% dividend yield over the last twelve months, with an annual payout of $0.85 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.85 | $1.06 | $0.85 | $0.70 | $0.50 | $0.61 |
Dividend yield | 3.35% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Emerging Markets Multifactor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.72 | |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.14 | $1.06 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.12 | $0.85 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.70 |
| 2020 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.50 |
| 2019 | $0.03 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.14 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Emerging Markets Multifactor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Emerging Markets Multifactor ETF was 33.65%, occurring on Mar 23, 2020. Recovery took 178 trading sessions.
The current Fidelity Emerging Markets Multifactor ETF drawdown is 7.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.65% | Jan 21, 2020 | 44 | Mar 23, 2020 | 178 | Dec 3, 2020 | 222 |
| -29.33% | Feb 17, 2021 | 431 | Oct 31, 2022 | 386 | May 15, 2024 | 817 |
| -9.65% | Apr 18, 2019 | 82 | Aug 14, 2019 | 57 | Nov 4, 2019 | 139 |
| -7.71% | Sep 27, 2024 | 34 | Nov 13, 2024 | — | — | — |
| -7.7% | Jul 15, 2024 | 17 | Aug 6, 2024 | 34 | Sep 24, 2024 | 51 |
Volatility
Volatility Chart
The current Fidelity Emerging Markets Multifactor ETF volatility is 4.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.