EMGF vs. FDEM
Compare and contrast key facts about iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and Fidelity Emerging Markets Multifactor ETF (FDEM).
EMGF and FDEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMGF is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Diversified Multiple-Factor Index. It was launched on Dec 8, 2015. FDEM is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted Emerging Markets Factor Index. It was launched on Feb 26, 2019. Both EMGF and FDEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EMGF vs. FDEM - Performance Comparison
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EMGF vs. FDEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 4.46% | 31.41% | 9.06% | 10.86% | -16.55% | 6.65% | 10.27% | 10.02% |
FDEM Fidelity Emerging Markets Multifactor ETF | 2.77% | 26.75% | 9.34% | 17.26% | -13.11% | -3.52% | 8.87% | 5.73% |
Returns By Period
In the year-to-date period, EMGF achieves a 4.46% return, which is significantly higher than FDEM's 2.77% return.
EMGF
- 1D
- 3.78%
- 1M
- -9.16%
- YTD
- 4.46%
- 6M
- 8.38%
- 1Y
- 32.72%
- 3Y*
- 17.94%
- 5Y*
- 6.70%
- 10Y*
- 8.81%
FDEM
- 1D
- 3.24%
- 1M
- -8.84%
- YTD
- 2.77%
- 6M
- 6.29%
- 1Y
- 27.87%
- 3Y*
- 17.22%
- 5Y*
- 6.52%
- 10Y*
- —
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EMGF vs. FDEM - Expense Ratio Comparison
Both EMGF and FDEM have an expense ratio of 0.45%.
Return for Risk
EMGF vs. FDEM — Risk / Return Rank
EMGF
FDEM
EMGF vs. FDEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and Fidelity Emerging Markets Multifactor ETF (FDEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EMGF | FDEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.54 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.11 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.18 | +0.22 |
Martin ratioReturn relative to average drawdown | 9.27 | 8.58 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMGF | FDEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.54 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.42 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.39 | +0.07 |
Correlation
The correlation between EMGF and FDEM is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMGF vs. FDEM - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 2.41%, less than FDEM's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 2.41% | 2.52% | 3.42% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
FDEM Fidelity Emerging Markets Multifactor ETF | 3.17% | 3.23% | 4.05% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMGF vs. FDEM - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, which is greater than FDEM's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for EMGF and FDEM.
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Drawdown Indicators
| EMGF | FDEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -33.65% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.70% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | -29.19% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -40.23% | — | — |
Current DrawdownCurrent decline from peak | -10.27% | -9.87% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -9.00% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.22% | +0.28% |
Volatility
EMGF vs. FDEM - Volatility Comparison
iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) has a higher volatility of 10.58% compared to Fidelity Emerging Markets Multifactor ETF (FDEM) at 9.54%. This indicates that EMGF's price experiences larger fluctuations and is considered to be riskier than FDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMGF | FDEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 9.54% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.81% | 13.16% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 18.15% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 15.77% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 17.76% | +1.47% |