Fidelity Emerging Markets Multifactor ETF (FDEM) Alternatives

Fidelity Emerging Markets Multifactor ETF (FDEM) belongs to the Emerging Markets Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FDEM. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to FDEM

FDEM charges 0.45% annually. Among ETFs in the Emerging Markets Equities category, these options have the lowest expense ratios among FDEM alternatives.

Symbol	Name	Expense Ratio	Inception
VEXC	Vanguard Emerging Markets Ex-China ETF	0.07%	Sep 30, 2025	FDEM vs VEXC
VWO	Vanguard FTSE Emerging Markets ETF	0.08%	Mar 4, 2005	FDEM vs VWO
SCHE	Schwab Emerging Markets Equity ETF	0.11%	Jan 14, 2010	FDEM vs SCHE
SPEM	SPDR Portfolio Emerging Markets ETF	0.11%	Mar 19, 2007	FDEM vs SPEM
EMCR	Xtrackers Emerging Markets Carbon Reduction and Cl...	0.15%	Dec 6, 2018	FDEM vs EMCR

Best Risk-Adjusted Alternatives to FDEM

Among ETFs in the Emerging Markets Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
EMIF	iShares Emerging Markets Infrastructure ETF	95	Jun 16, 2009	FDEM vs EMIF
EMXC	iShares MSCI Emerging Markets ex China ETF	94	Jul 19, 2017	FDEM vs EMXC
ECOW	Pacer Emerging Markets Cash Cows 100 ETF	93	May 2, 2019	FDEM vs ECOW
ROAM	Hartford Multifactor Emerging Markets ETF	93	Feb 26, 2015	FDEM vs ROAM
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	93	Mar 17, 2015	FDEM vs SDEM

Top Performing FDEM Alternatives (YTD)

FDEM alternatives from the Emerging Markets Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
TUR	iShares MSCI Turkey ETF	12.29%	Mar 26, 2008	FDEM vs TUR
DVYE	iShares Emerging Markets Dividend ETF	10.67%	Feb 23, 2012	FDEM vs DVYE
PIE	Invesco DWA Emerging Markets Momentum ETF	10.23%	Dec 28, 2007	FDEM vs PIE
FEM	First Trust Emerging Markets AlphaDEX Fund	9.64%	Apr 18, 2011	FDEM vs FEM
ECOW	Pacer Emerging Markets Cash Cows 100 ETF	9.29%	May 2, 2019	FDEM vs ECOW

Lowest Volatility Alternatives to FDEM

FDEM alternatives from the Emerging Markets Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
EMDV	ProShares MSCI Emerging Markets Dividend Growers E...	11.95%	Jan 25, 2016	FDEM vs EMDV
QAT	iShares MSCI Qatar ETF	13.22%	Apr 29, 2014	FDEM vs QAT
EDIV	SPDR S&P Emerging Markets Dividend ETF	13.77%	Feb 23, 2011	FDEM vs EDIV
JPEM	J.P. Morgan Diversified Return Emerging Markets Eq...	14.07%	Jan 7, 2015	FDEM vs JPEM
DEM	WisdomTree Emerging Markets Equity Income Fund	15.04%	Jul 13, 2007	FDEM vs DEM

Lowest Drawdown Alternatives to FDEM

FDEM alternatives from the Emerging Markets Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
EMDV	ProShares MSCI Emerging Markets Dividend Growers E...	-7.48%	Jan 25, 2016	FDEM vs EMDV
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	-9.78%	Mar 17, 2015	FDEM vs SDEM
JPEM	J.P. Morgan Diversified Return Emerging Markets Eq...	-10.32%	Jan 7, 2015	FDEM vs JPEM
EDIV	SPDR S&P Emerging Markets Dividend ETF	-10.36%	Feb 23, 2011	FDEM vs EDIV
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	-10.40%	Jun 4, 2014	FDEM vs QEMM

Other ETFs from Fidelity

Most popular Fidelity ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	68	-7.30%	Oct 21, 2013	FDEM vs FTEC
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	60	-1.78%	Sep 12, 2016	FDEM vs FDVV
FBTC	Fidelity Wise Origin Bitcoin Trust	Cryptocurrency	6	-22.56%	Jan 11, 2024	FDEM vs FBTC
FBND	Fidelity Total Bond ETF	Intermediate Core-Plus Bond, Actively Managed	63	0.14%	Oct 6, 2014	FDEM vs FBND
ONEQ	Fidelity NASDAQ Composite Index Tracking Stock	Large Cap Growth Equities	72	-6.77%	Sep 25, 2003	FDEM vs ONEQ
FBCG	Fidelity Blue Chip Growth ETF	Large Cap Growth Equities, Actively Managed	64	-8.61%	Jun 3, 2020	FDEM vs FBCG
FETH	Fidelity Ethereum Fund	Cryptocurrency	21	-29.48%	Jul 22, 2024	FDEM vs FETH
FELC	Fidelity Enhanced Large Cap Core ETF	Large Cap Growth Equities	64	-4.71%	Apr 19, 2007	FDEM vs FELC
FUTY	Fidelity MSCI Utilities Index ETF	Utilities Equities	70	7.67%	Oct 21, 2013	FDEM vs FUTY
FELG	Fidelity Enhanced Large Cap Growth ETF	Large Cap Growth Equities	53	-10.02%	Nov 20, 2023	FDEM vs FELG

Often Compared With FDEM

What investors most often compare with FDEM, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
IEMG	iShares Core MSCI Emerging Markets ETF	Emerging Markets Diversified	86	3.76%	Oct 18, 2012	FDEM vs IEMG
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	Emerging Markets Equities	88	1.83%	Dec 9, 2008	FDEM vs FEMSX
DFEMX	DFA Emerging Markets Portfolio	Emerging Markets Diversified	88	1.14%	Apr 24, 1994	FDEM vs DFEMX
EMGF	iShares Edge MSCI Multifactor Emerging Markets ETF	Emerging Markets Equities	84	4.46%	Dec 8, 2015	FDEM vs EMGF
QINT	American Century Quality Diversified International...	Foreign Large Cap Equities	87	1.99%	Sep 10, 2018	FDEM vs QINT
IGRO	iShares International Dividend Growth ETF	Foreign Large Cap Equities, Dividend	74	1.57%	May 17, 2016	FDEM vs IGRO
FXAIX	Fidelity 500 Index Fund	S&P 500	46	-7.05%	Feb 17, 1988	FDEM vs FXAIX
AVEM	Avantis Emerging Markets Equity ETF	Foreign Large Cap Equities	90	4.70%	Sep 17, 2019	FDEM vs AVEM
FEMVX	Fidelity SAI Emerging Markets Value Index Fund	Emerging Markets Diversified	90	3.44%	May 11, 2020	FDEM vs FEMVX
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	FDEM vs VOO
DIEM	Franklin Emerging Market Core Dividend Tilt Index ...	Emerging Markets Diversified	89	5.34%	Jun 1, 2016	FDEM vs DIEM
QLVE	FlexShares Emerging Markets Quality Low Volatility...	Volatility Hedged Equity	71	0.96%	Jul 15, 2019	FDEM vs QLVE
FENI	Fidelity Enhanced International ETF	Foreign Large Cap Equities	85	2.45%	Dec 20, 2007	FDEM vs FENI
IEMGX	Voya Multi-Manager Emerging Markets Equity Fund	Emerging Markets Diversified	90	1.71%	Oct 10, 2011	FDEM vs IEMGX
FIDI	Fidelity International High Dividend ETF	Foreign Large Cap Equities, Dividend	95	7.58%	Jan 16, 2018	FDEM vs FIDI
EEM	iShares MSCI Emerging Markets ETF	Emerging Markets Diversified	86	3.80%	Apr 11, 2003	FDEM vs EEM
VIGI	Vanguard International Dividend Appreciation ETF	Foreign Large Cap Equities, Dividend	34	-2.65%	Feb 25, 2016	FDEM vs VIGI
FDEV	Fidelity International Multifactor ETF	Foreign Large Cap Equities	89	3.83%	Feb 26, 2019	FDEM vs FDEV
VYM	Vanguard High Dividend Yield ETF	Dividend	72	3.80%	Feb 7, 2019	FDEM vs VYM
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	64	-1.94%	Nov 5, 1997	FDEM vs FSPSX

Compare FDEM with Any Fund or Stock

Compare FDEM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Fidelity Emerging Markets Multifactor ETF

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