Fidelity Enhanced Emerging Markets ETF (FEMR) 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 FEMR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEMR
FEMR charges 0.38% annually. There are 35 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% | 258.70M | Sep 2025 | FEMR vs VEXC | |
| SPDR Portfolio Emerging Markets ETF | 0.07% | 16.81B | Mar 2007 | FEMR vs SPEM | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 163.30B | Mar 2005 | FEMR vs VWO | |
| iShares Core MSCI Emerging Markets ETF | 0.09% | 152.22B | Oct 2012 | FEMR vs IEMG | |
| BNY Mellon Emerging Markets Equity ETF | 0.11% | 89.24M | Apr 2020 | FEMR vs BKEM |
Best Risk-Adjusted Alternatives to FEMR
FEMR has a PortfoliosLab risk / return rank of 72. There are 32 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | 91 | 658.42M | Sep 2024 | FEMR vs EMEQ | |
| Pacific North of South Global Emerging Markets Equ... | 90 | 366.05M | Jan 2025 | FEMR vs GEME | |
| iShares MSCI Emerging Markets Value Factor ETF | 90 | — | Sep 2024 | FEMR vs EVLU | |
| First Trust Bloomberg Emerging Market Democracies ... | 90 | 38.85M | Mar 2023 | FEMR vs EMDM | |
| First Trust Emerging Markets Human Flourishing ETF | 87 | 123.28M | Oct 2023 | FEMR vs FTHF |
Top Performing FEMR Alternatives (YTD)
FEMR is at 22.16% YTD. There are 23 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 53.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | 53.76% | 658.42M | Sep 2024 | FEMR vs EMEQ | |
| First Trust Emerging Markets Human Flourishing ETF | 34.68% | 123.28M | Oct 2023 | FEMR vs FTHF | |
| Strive Emerging Markets Ex-China ETF | 31.48% | 139.63M | Jan 2023 | FEMR vs STXE | |
| Matthews Emerging Markets Sustainable Future Activ... | 30.73% | 43.26M | Sep 2023 | FEMR vs EMSF | |
| Pacific North of South Global Emerging Markets Equ... | 29.70% | 366.05M | Jan 2025 | FEMR vs GEME |
Lowest Volatility Alternatives to FEMR
FEMR has 25.43% 1-year volatility. There are 95 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 8.64%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF Januar... | 8.64% | 144.99M | Jan 2020 | FEMR vs EJAN | |
| FT Vest Emerging Markets Buffer ETF - June | 10.70% | — | Jun 2025 | FEMR vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 11.07% | 10.25M | Dec 2024 | FEMR vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.68% | 7.35M | Jan 2016 | FEMR vs EMDV | |
| First Trust Emerging Markets Equity Select ETF | 12.51% | 17.22M | Jun 2017 | FEMR vs RNEM |
Lowest Drawdown Alternatives to FEMR
FEMR has a 1-year max drawdown of -15.48%. There are 83 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF Januar... | -6.63% | 144.99M | Jan 2020 | FEMR vs EJAN | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.35M | Jan 2016 | FEMR vs EMDV | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 3.87B | Jul 2007 | FEMR vs DEM | |
| FT Vest Emerging Markets Buffer ETF - December | -8.16% | 10.25M | Dec 2024 | FEMR vs TDEC | |
| Pacer Emerging Markets Cash Cows 100 ETF | -8.35% | 217.49M | May 2019 | FEMR vs ECOW |
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 $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 52 | 20.47% | 20.96B | Oct 2013 | FEMR vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 78 | 12.19% | 9.74B | Sep 2016 | FEMR vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.23% | 10.22B | Jan 2024 | FEMR vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 30 | -0.33% | 26.62B | Oct 2014 | FEMR vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 47 | 10.15% | 10.69B | Sep 2003 | FEMR vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 37 | 9.01% | 6.97B | Jun 2020 | FEMR vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 77 | 12.07% | 7.88B | Apr 2007 | FEMR vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.79% | 2.35B | Oct 2013 | FEMR vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 3 | -37.25% | 750.93M | Jul 2024 | FEMR vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 27 | 2.21% | 5.65B | Nov 2023 | FEMR vs FELG |
Often Compared With FEMR
Investors most often compare FEMR with FFEM, OAEM, VXUS. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FEMR with Any Fund or Stock
Compare FEMR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEMR with funds that move differently
Fidelity Enhanced Emerging Markets ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEMR.
Explore FEMR Diversifiers