- ISIN
- US3160925430
- CUSIP
- 316092543
- Issuer
- Fidelity
- Inception Date
- Feb 26, 2019
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity Targeted Emerging Markets Factor Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $608M
Share Price Chart
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Performance
FDEM Performance Chart
Fidelity Emerging Markets Multifactor ETF (FDEM) is up 21.1% since the beginning of the year. FDEM is currently trading at $37 per share. Investors who bought $1,000 worth of FDEM shares 5 years ago would now be looking at an investment worth $1,578.
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Returns By Period
Fidelity Emerging Markets Multifactor ETF (FDEM) has returned 21.12% so far this year and 38.31% over the past 12 months.
Fidelity Emerging Markets Multifactor ETF
- 1D
- -1.53%
- 1M
- 4.49%
- YTD
- 21.12%
- 6M
- 24.77%
- 1Y
- 38.31%
- 3Y*
- 21.94%
- 5Y*
- 9.55%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FDEM Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2019, FDEM's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +13.2%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FDEM closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Mar 12, 2020 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.97% | 4.41% | -8.84% | 11.30% | 5.55% | 0.32% | 21.12% | ||||||
| 2025 | 2.14% | -2.41% | 2.19% | 0.39% | 3.74% | 6.51% | 1.14% | 2.64% | 4.47% | 2.29% | -0.81% | 1.94% | 26.75% |
| 2024 | -1.29% | 2.66% | 2.42% | -0.20% | 3.35% | 1.44% | 1.29% | 0.02% | 5.29% | -3.55% | -1.71% | -0.43% | 9.34% |
| 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% | -0.96% | 1.11% | -8.60% | -0.31% | 13.16% | -2.19% | -13.11% |
| 2021 | 0.77% | -0.44% | 1.03% | 1.39% | 1.83% | 0.63% | -5.36% | 0.54% | -3.46% | 0.29% | -2.19% | 1.68% | -3.52% |
Benchmark Metrics
Fidelity Emerging Markets Multifactor ETF has an annualized alpha of 0.30%, beta of 0.65, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since February 28, 2019.
- This ETF participated in 73.00% of S&P 500 Index downside but only 61.17% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.30%
- Beta
- 0.65
- R²
- 0.50
- Upside Capture
- 61.17%
- Downside Capture
- 73.00%
Expense Ratio
FDEM has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FDEM ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.71 | +0.33 |
| Martin ratioReturn relative to average drawdown | 11.42 | 12.15 | -0.73 |
Dividends
Dividend History
Fidelity Emerging Markets Multifactor ETF provided a 2.69% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $1.00 | $1.02 | $1.06 | $0.85 | $0.70 | $0.50 | $0.61 |
Dividend yield | 2.69% | 3.23% | 4.05% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.23 | $1.00 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.31 | $1.02 |
| 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 |
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.
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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 2.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.65%Mar 2020 | 2mo 2d | 8mo 15d | 10mo 17dJan 2020 - Dec 2020 |
Bear market2022 | -29.33%Oct 2022 | 1y 8mo | 1y 6mo | 3y 2moFeb 2021 - May 2024 |
2025 selloff2025 | -16.04%Apr 2025 | 6mo 13d | 1mo 11d | 7mo 24dSep 2024 - May 2025 |
2026 correction2026 | -12.70%Mar 2026 | 1mo 2d | 1mo 1d | 2mo 3dFeb 2026 - Apr 2026 |
2019 pullback2019 | -9.65%Aug 2019 | 3mo 28d | 2mo 22d | 6mo 20dApr 2019 - Nov 2019 |
Drawdown Indicators
| FDEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -56.78% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -9.10% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -18.90% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.47% | -25.43% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.64% | -1.29% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -10.72% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.02% | +1.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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