Fidelity Global Emerging Markets Active ETF (FEMX.AX)

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Fidelity Global Emerging Markets Active ETF (FEMX.AX) is up 11.4% since the beginning of the year. FEMX.AX is currently trading at A$7 per share. Investors who bought A$1,000 worth of FEMX.AX shares 5 years ago would now be looking at an investment worth A$1,227.

Fidelity Global Emerging Markets Active ETF (FEMX.AX) has returned 11.39% so far this year and 23.29% over the past 12 months.

Based on dividend-adjusted daily data since Oct 29, 2018, FEMX.AX's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +10.5%, while the worst month was Mar 2020 at -12.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FEMX.AX closed higher 47% of trading days. The best single day was Mar 3, 2020 with a return of +10.4%, while the worst single day was Mar 4, 2020 at -10.1%.

Fidelity Global Emerging Markets Active ETF has an annualized alpha of 11.92%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 29, 2018.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (40.41%) than losses (22.34%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FEMX.AX has a high expense ratio of 0.99%, indicating above-average management fees.

FEMX.AX ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Fidelity Global Emerging Markets Active ETF provided a 9.60% dividend yield over the last twelve months, with an annual payout of A$0.70 per share.

The table displays the monthly dividend distributions for Fidelity Global Emerging Markets Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Global Emerging Markets Active 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 Global Emerging Markets Active ETF was 27.88%, occurring on Oct 28, 2022. Recovery took 712 trading sessions.

The current Fidelity Global Emerging Markets Active ETF drawdown is 4.27%.

The chart below shows the rolling one-month volatility.