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Fidelity Global Emerging Markets Active ETF (FEMX.AX) Sharpe Ratio: 1.10

ETF · Currency in AUD · Last updated Jul 16, 2026

Fidelity Global Emerging Markets Active ETF is an actively managed portfolio of typically 30–50 emerging-market companies selected through bottom-up fundamental research, seeking to outperform the MSCI Emerging Markets Index NR over the medium to long term.

FEMX.AX's Sharpe Ratio of 1.10 indicates that for each unit of volatility, it generates 1.10 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FEMX.AX Sharpe Ratio Rank

FEMX.AX Sharpe Ratio Rank: 36.436
Below Average

FEMX.AX ranks above 36.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

FEMX.AX Sharpe Ratio Market Positioning

The chart shows FEMX.AX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.89
  • Green zone (top 25%): 1.89 or higher
  • Top 1%: 6.47+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares Fidelity Global Emerging Markets Active ETF's Sharpe Ratio with other ETFs in the Emerging Markets Equities category across multiple time periods, showing how FEMX.AX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
EMKT.AXVanEck MSCI Multifactor Emerging Markets Equity ETF1.46
IEM.AXiShares MSCI Emerging Markets ETF (AU)1.41
FEMX.AXFidelity Global Emerging Markets Active ETF1.10
WEMG.AXSPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF0.95
VGE.AXVanguard FTSE Emerging Markets Shares ETF0.85

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FEMX.AX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FEMX.AX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FEMX.AX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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