FDEM vs. DFEMX
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and DFA Emerging Markets Portfolio (DFEMX).
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. DFEMX is managed by Dimensional Fund Advisors LP. It was launched on Apr 24, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEM or DFEMX.
Key characteristics
| FDEM | DFEMX | |
|---|---|---|
| YTD Return | 6.42% | 4.75% |
| 1Y Return | 19.60% | 14.33% |
| 3Y Return (Ann) | 0.42% | -1.83% |
| 5Y Return (Ann) | 3.42% | 3.90% |
| Sharpe Ratio | 1.53 | 1.16 |
| Daily Std Dev | 12.88% | 12.21% |
| Max Drawdown | -33.65% | -62.43% |
| Current Drawdown | -2.39% | -9.37% |
Correlation
The correlation between FDEM and DFEMX is 0.88, 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
FDEM vs. DFEMX - Performance Comparison
In the year-to-date period, FDEM achieves a 6.42% return, which is significantly higher than DFEMX's 4.75% 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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FDEM vs. DFEMX - Expense Ratio Comparison
FDEM has a 0.45% expense ratio, which is higher than DFEMX's 0.36% expense ratio.
Risk-Adjusted Performance
FDEM vs. DFEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and DFA Emerging Markets Portfolio (DFEMX). 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
FDEM vs. DFEMX - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 4.18%, more than DFEMX's 3.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 4.18% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFEMX DFA Emerging Markets Portfolio | 3.25% | 3.34% | 3.90% | 6.13% | 1.45% | 2.33% | 2.14% | 1.74% | 1.92% | 2.08% | 2.02% | 2.72% |
Drawdowns
FDEM vs. DFEMX - Drawdown Comparison
The maximum FDEM drawdown since its inception was -33.65%, smaller than the maximum DFEMX drawdown of -62.43%. Use the drawdown chart below to compare losses from any high point for FDEM and DFEMX. For additional features, visit the drawdowns tool.
Volatility
FDEM vs. DFEMX - Volatility Comparison
Fidelity Emerging Markets Multifactor ETF (FDEM) and DFA Emerging Markets Portfolio (DFEMX) have volatilities of 4.41% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.