- CUSIP
- 31609A867
- Issuer
- Fidelity
- Category
- Emerging Markets Diversified
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
FFEM Performance Chart
Fidelity Fundamental Emerging Markets ETF (FFEM) is up 36.8% since the beginning of the year. FFEM is currently trading at $45 per share.
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Returns By Period
Fidelity Fundamental Emerging Markets ETF (FFEM) has returned 36.81% so far this year and 70.78% over the past 12 months.
Fidelity Fundamental Emerging Markets ETF
- 1D
- 0.78%
- 1M
- 8.97%
- YTD
- 36.81%
- 6M
- 39.07%
- 1Y
- 70.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FFEM Monthly Returns History
Based on dividend-adjusted daily data since Nov 21, 2024, FFEM's average daily return is +0.15%, while the average monthly return is +2.89%. At this rate, an investment would double in approximately 2.0 years.
Historically, 80% of months were positive and 20% were negative. The best month was Apr 2026 with a return of +13.8%, 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 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Nov 21, 2024 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.41% | 6.32% | -8.84% | 13.75% | 8.06% | 4.96% | 36.81% | ||||||
| 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 | -8.50% | -1.83% | -10.18% |
Benchmark Metrics
Fidelity Fundamental Emerging Markets ETF has an annualized alpha of 24.27%, beta of 0.97, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since November 21, 2024.
- This ETF captured 121.24% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -37.48%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 24.27%
- Beta
- 0.97
- R²
- 0.48
- Upside Capture
- 121.24%
- Downside Capture
- -37.48%
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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FFEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 2.78 | +2.46 |
| Martin ratioReturn relative to average drawdown | 19.73 | 12.44 | +7.29 |
Dividends
Dividend History
Fidelity Fundamental Emerging Markets ETF provided a 1.20% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.55 | $0.53 | $0.04 |
Dividend yield | 1.20% | 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 | $0.00 | $0.00 | $0.17 | $0.25 | ||||||
| 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 18.17%, occurring on Apr 8, 2025. Recovery took 25 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.17%Apr 2025 | 4mo 18d | 1mo 6d | 5mo 24dNov 2024 - May 2025 |
2026 correction2026 | -13.57%Mar 2026 | 1mo 2d | 17d | 1mo 19dFeb 2026 - Apr 2026 |
2026 pullback2026 | -9.61%Jun 2026 | 2d | 13d | 15dJun 2026 - Jun 2026 |
2026 pullback2026 | -6.07%May 2026 | 7d | 7d | 14dMay 2026 - May 2026 |
2025 pullback2025 | -5.48%Nov 2025 | 22d | 1mo 5d | 1mo 27dOct 2025 - Dec 2025 |
Drawdown Indicators
| FFEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -56.78% | +38.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -9.10% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -10.71% | +7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.03% | +1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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