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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMGF or FDEM.
Key characteristics
| EMGF | FDEM | |
|---|---|---|
| YTD Return | 10.85% | 9.88% |
| 1Y Return | 23.46% | 22.76% |
| 3Y Return (Ann) | 0.82% | 1.94% |
| 5Y Return (Ann) | 7.41% | 5.62% |
| Sharpe Ratio | 1.66 | 1.67 |
| Daily Std Dev | 13.65% | 12.93% |
| Max Drawdown | -40.23% | -33.65% |
| Current Drawdown | -2.54% | 0.00% |
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.
Performance
EMGF vs. FDEM - Performance Comparison
In the year-to-date period, EMGF achieves a 10.85% return, which is significantly higher than FDEM's 9.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMGF vs. FDEM - Expense Ratio Comparison
Both EMGF and FDEM have an expense ratio of 0.45%.
Risk-Adjusted Performance
EMGF vs. FDEM - Risk-Adjusted Performance 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.
Dividends
EMGF vs. FDEM - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 5.36%, more than FDEM's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 5.36% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
FDEM Fidelity Emerging Markets Multifactor ETF | 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. For additional features, visit the drawdowns tool.
Volatility
EMGF vs. FDEM - Volatility Comparison
The current volatility for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) is 3.12%, while Fidelity Emerging Markets Multifactor ETF (FDEM) has a volatility of 3.39%. This indicates that EMGF experiences smaller price fluctuations and is considered to be less risky than FDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.