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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Fundamental Emerging Markets ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity Fundamental Emerging Markets ETF (FFEM) has returned 6.04% so far this year and 41.88% over the past 12 months.
Fidelity Fundamental Emerging Markets ETF
- 1D
- 4.43%
- 1M
- -8.84%
- YTD
- 6.04%
- 6M
- 12.60%
- 1Y
- 41.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 21, 2024, FFEM's average daily return is +0.12%, while the average monthly return is +2.30%. At this rate, your investment would double in approximately 2.5 years.
Historically, 76% of months were positive and 24% were negative. The best month was Jan 2026 with a return of +9.4%, while the worst month was Mar 2026 at -8.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FFEM closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Apr 4, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.41% | 6.32% | -8.84% | 6.04% | |||||||||
| 2025 | 2.07% | 0.78% | 1.75% | 0.49% | 4.12% | 6.87% | 1.04% | 3.08% | 8.19% | 4.86% | -1.59% | 2.90% | 40.03% |
| 2024 | -0.45% | -1.83% | -2.27% |
Benchmark Metrics
Fidelity Fundamental Emerging Markets ETF has an annualized alpha of 25.45%, beta of 0.87, and R² of 0.53 versus S&P 500 Index. Calculated based on daily prices since November 22, 2024.
- This ETF captured 148.61% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.12%) — a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 25.45% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 0.87 and R² of 0.53, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 25.45%
- Beta
- 0.87
- R²
- 0.53
- Upside Capture
- 148.61%
- Downside Capture
- -6.12%
Expense Ratio
FFEM has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FFEM ranks 89 for risk / return — in the top 89% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Fundamental Emerging Markets ETF (FFEM) and compare them to a chosen benchmark (S&P 500 Index).
| FFEM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 0.90 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.53 | 1.39 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.40 | +1.64 |
Martin ratioReturn relative to average drawdown | 11.69 | 6.61 | +5.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FFEM risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity Fundamental Emerging Markets ETF provided a 1.54% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.54 | $0.53 | $0.04 |
Dividend yield | 1.54% | 1.59% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Fundamental Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.09 | |||||||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.20 | $0.53 |
| 2024 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Fundamental Emerging Markets 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 Fundamental Emerging Markets ETF was 16.29%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Fidelity Fundamental Emerging Markets ETF drawdown is 9.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.29% | Mar 18, 2025 | 16 | Apr 8, 2025 | 23 | May 12, 2025 | 39 |
| -13.57% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -8.24% | Dec 10, 2024 | 22 | Jan 13, 2025 | 23 | Feb 14, 2025 | 45 |
| -5.48% | Oct 30, 2025 | 17 | Nov 21, 2025 | 23 | Dec 26, 2025 | 40 |
| -5.45% | Feb 21, 2025 | 7 | Mar 3, 2025 | 10 | Mar 17, 2025 | 17 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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