Fidelity Fundamental Emerging Markets ETF (FFEM) 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 FFEM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFEM
FFEM charges 0.60% annually. There are 72 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 | FFEM vs VEXC | |
| SPDR Portfolio Emerging Markets ETF | 0.07% | 16.81B | Mar 2007 | FFEM vs SPEM | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 163.30B | Mar 2005 | FFEM vs VWO | |
| iShares Core MSCI Emerging Markets ETF | 0.09% | 152.22B | Oct 2012 | FFEM vs IEMG | |
| Schwab Emerging Markets Equity ETF | 0.11% | 12.59B | Jan 2010 | FFEM vs SCHE |
Best Risk-Adjusted Alternatives to FFEM
FFEM has a PortfoliosLab risk / return rank of 78. There are 16 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 | FFEM vs EMEQ | |
| Pacific North of South Global Emerging Markets Equ... | 90 | 366.05M | Jan 2025 | FFEM vs GEME | |
| iShares MSCI Emerging Markets Value Factor ETF | 90 | — | Sep 2024 | FFEM vs EVLU | |
| First Trust Bloomberg Emerging Market Democracies ... | 90 | 38.85M | Mar 2023 | FFEM vs EMDM | |
| First Trust Emerging Markets Human Flourishing ETF | 87 | 123.28M | Oct 2023 | FFEM vs FTHF |
Top Performing FFEM Alternatives (YTD)
FFEM is at 23.20% YTD. There are 18 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 | FFEM vs EMEQ | |
| First Trust Emerging Markets Human Flourishing ETF | 34.68% | 123.28M | Oct 2023 | FFEM vs FTHF | |
| Strive Emerging Markets Ex-China ETF | 31.48% | 139.63M | Jan 2023 | FFEM vs STXE | |
| Matthews Emerging Markets Sustainable Future Activ... | 30.73% | 43.26M | Sep 2023 | FFEM vs EMSF | |
| Pacific North of South Global Emerging Markets Equ... | 29.70% | 366.05M | Jan 2025 | FFEM vs GEME |
Lowest Volatility Alternatives to FFEM
FFEM has 26.25% 1-year volatility. There are 99 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 | FFEM vs EJAN | |
| FT Vest Emerging Markets Buffer ETF - June | 10.70% | — | Jun 2025 | FFEM vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 11.07% | 10.25M | Dec 2024 | FFEM vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.68% | 7.35M | Jan 2016 | FFEM vs EMDV | |
| First Trust Emerging Markets Equity Select ETF | 12.51% | 17.22M | Jun 2017 | FFEM vs RNEM |
Lowest Drawdown Alternatives to FFEM
FFEM has a 1-year max drawdown of -14.53%. There are 69 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 | FFEM vs EJAN | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.35M | Jan 2016 | FFEM vs EMDV | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 3.87B | Jul 2007 | FFEM vs DEM | |
| FT Vest Emerging Markets Buffer ETF - December | -8.16% | 10.25M | Dec 2024 | FFEM vs TDEC | |
| Pacer Emerging Markets Cash Cows 100 ETF | -8.35% | 217.49M | May 2019 | FFEM 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 | FFEM vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 78 | 12.19% | 9.74B | Sep 2016 | FFEM vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.23% | 10.22B | Jan 2024 | FFEM vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 30 | -0.33% | 26.62B | Oct 2014 | FFEM vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 47 | 10.15% | 10.69B | Sep 2003 | FFEM vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 37 | 9.01% | 6.97B | Jun 2020 | FFEM vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 77 | 12.07% | 7.88B | Apr 2007 | FFEM vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.79% | 2.35B | Oct 2013 | FFEM vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 3 | -37.25% | 750.93M | Jul 2024 | FFEM vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 27 | 2.21% | 5.65B | Nov 2023 | FFEM vs FELG |
Often Compared With FFEM
Investors most often compare FFEM with FEMR, VOO, FFGX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FFEM with Any Fund or Stock
Compare FFEM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFEM with funds that move differently
Fidelity Fundamental Emerging Markets ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFEM.
Explore FFEM Diversifiers