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 a closer substitute for your current allocation.
Cheapest Alternatives to FDEM
FDEM charges 0.45% annually. There are 25 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Emerging Markets Ex-China ETF | 0.07% | 216.60M | Sep 2025 | FDEM vs VEXC | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 159.90B | Mar 2005 | FDEM vs VWO | |
| SPDR Portfolio Emerging Markets ETF | 0.11% | 17.83B | Mar 2007 | FDEM vs SPEM | |
| Schwab Emerging Markets Equity ETF | 0.11% | 12.74B | Jan 2010 | FDEM vs SCHE | |
| Xtrackers Emerging Markets Carbon Reduction and Cl... | 0.15% | 58.19M | Dec 2018 | FDEM vs EMCR |
Best Risk-Adjusted Alternatives to FDEM
FDEM has a PortfoliosLab risk / return rank of 76. There are 27 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pacific North of South Global Emerging Markets Equ... | 93 | 72.25M | Jan 2025 | FDEM vs GEME | |
| Xtrackers MSCI Emerging Markets Hedged Equity ETF | 93 | 103.78M | Jun 2011 | FDEM vs DBEM | |
| iShares MSCI Emerging Markets Value Factor ETF | 92 | — | Sep 2024 | FDEM vs EVLU | |
| iShares MSCI Emerging Markets ex China ETF | 91 | 24.61B | Jul 2017 | FDEM vs EMXC | |
| Hartford Multifactor Emerging Markets ETF | 91 | 119.41M | Feb 2015 | FDEM vs ROAM |
Top Performing FDEM Alternatives (YTD)
FDEM is at 22.58% YTD. There are 27 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 41.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Emerging Markets ex China ETF | 41.72% | 24.61B | Jul 2017 | FDEM vs EMXC | |
| Invesco S&P Emerging Markets Momentum ETF | 40.25% | 15.51M | Feb 2012 | FDEM vs EEMO | |
| Invesco DWA Emerging Markets Momentum ETF | 39.11% | 237.62M | Dec 2007 | FDEM vs PIE | |
| Pacific North of South Global Emerging Markets Equ... | 38.52% | 72.25M | Jan 2025 | FDEM vs GEME | |
| Columbia EM Core ex-China ETF | 38.32% | 1.98B | Sep 2015 | FDEM vs XCEM |
Lowest Volatility Alternatives to FDEM
FDEM has 17.36% 1-year volatility. There are 28 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 7.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | 7.54% | — | Jun 2025 | FDEM vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 10.09% | 10.25M | Dec 2024 | FDEM vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.21% | 7.35M | Jan 2016 | FDEM vs EMDV | |
| SPDR S&P Emerging Markets Dividend ETF | 12.19% | 1.25B | Feb 2011 | FDEM vs EDIV | |
| J.P. Morgan Diversified Return Emerging Markets Eq... | 12.96% | 390.16M | Jan 2015 | FDEM vs JPEM |
Lowest Drawdown Alternatives to FDEM
FDEM has a 1-year max drawdown of -12.70%. There are 33 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.49%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Emerging Markets Dividend ETF | -6.49% | 1.28B | Feb 2012 | FDEM vs DVYE | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.35M | Jan 2016 | FDEM vs EMDV | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 3.78B | Jul 2007 | FDEM vs DEM | |
| SPDR S&P Emerging Markets Small Cap ETF | -7.98% | 742.62M | May 2008 | FDEM vs EWX | |
| FT Vest Emerging Markets Buffer ETF - December | -8.16% | 10.25M | Dec 2024 | FDEM vs TDEC |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $26B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 77 | 31.89% | 17.89B | Oct 2013 | FDEM vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 64 | 8.39% | 9.18B | Sep 2016 | FDEM vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -25.34% | 14.17B | Jan 2024 | FDEM vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 40 | 0.50% | 25.56B | Oct 2014 | FDEM vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 68 | 16.16% | 10.01B | Sep 2003 | FDEM vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 57 | 15.59% | 6.21B | Jun 2020 | FDEM vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Growth Equities | 70 | 11.23% | 7.04B | Apr 2007 | FDEM vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 20 | 3.16% | 2.46B | Oct 2013 | FDEM vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -39.45% | 1.22B | Jul 2024 | FDEM vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 44 | 7.70% | 5.32B | Nov 2023 | FDEM vs FELG |
Often Compared With FDEM
Investors most often compare FDEM with IEMG, FEMSX, DFEMX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare FDEM with Any Fund or Stock
Compare FDEM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FDEM with funds that move differently
Fidelity Emerging Markets Multifactor ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FDEM.
Explore FDEM Diversifiers