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FDEM vs. EMGF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDEM and EMGF 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.


-0.50.00.51.00.9

Performance

FDEM vs. EMGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Emerging Markets Multifactor ETF (FDEM) and iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF). The values are adjusted to include any dividend payments, if applicable.

20.00%25.00%30.00%35.00%40.00%45.00%SeptemberOctoberNovemberDecember2025February
25.97%
34.44%
FDEM
EMGF

Key characteristics

Sharpe Ratio

FDEM:

0.64

EMGF:

0.67

Sortino Ratio

FDEM:

0.97

EMGF:

1.03

Omega Ratio

FDEM:

1.12

EMGF:

1.13

Calmar Ratio

FDEM:

0.95

EMGF:

0.84

Martin Ratio

FDEM:

2.24

EMGF:

1.93

Ulcer Index

FDEM:

3.86%

EMGF:

5.25%

Daily Std Dev

FDEM:

13.65%

EMGF:

15.15%

Max Drawdown

FDEM:

-33.65%

EMGF:

-40.23%

Current Drawdown

FDEM:

-5.49%

EMGF:

-7.29%

Returns By Period

In the year-to-date period, FDEM achieves a 1.82% return, which is significantly lower than EMGF's 2.98% return.


FDEM

YTD

1.82%

1M

0.00%

6M

0.66%

1Y

10.36%

5Y*

5.75%

10Y*

N/A

EMGF

YTD

2.98%

1M

2.24%

6M

1.12%

1Y

11.05%

5Y*

6.45%

10Y*

N/A

*Annualized

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FDEM vs. EMGF - Expense Ratio Comparison

Both FDEM and EMGF have an expense ratio of 0.45%.


Expense ratio chart for FDEM: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for EMGF: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%

Risk-Adjusted Performance

FDEM vs. EMGF — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDEM
The Risk-Adjusted Performance Rank of FDEM is 3030
Overall Rank
The Sharpe Ratio Rank of FDEM is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of FDEM is 2626
Sortino Ratio Rank
The Omega Ratio Rank of FDEM is 2525
Omega Ratio Rank
The Calmar Ratio Rank of FDEM is 4444
Calmar Ratio Rank
The Martin Ratio Rank of FDEM is 2828
Martin Ratio Rank

EMGF
The Risk-Adjusted Performance Rank of EMGF is 3030
Overall Rank
The Sharpe Ratio Rank of EMGF is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of EMGF is 2828
Sortino Ratio Rank
The Omega Ratio Rank of EMGF is 2828
Omega Ratio Rank
The Calmar Ratio Rank of EMGF is 4141
Calmar Ratio Rank
The Martin Ratio Rank of EMGF is 2525
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDEM vs. EMGF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF). 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.


The chart of Sharpe ratio for FDEM, currently valued at 0.64, compared to the broader market0.002.004.000.640.67
The chart of Sortino ratio for FDEM, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.0010.0012.000.971.03
The chart of Omega ratio for FDEM, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.13
The chart of Calmar ratio for FDEM, currently valued at 0.95, compared to the broader market0.005.0010.0015.000.950.84
The chart of Martin ratio for FDEM, currently valued at 2.24, compared to the broader market0.0020.0040.0060.0080.00100.002.241.93
FDEM
EMGF

The current FDEM Sharpe Ratio is 0.64, which is comparable to the EMGF Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of FDEM and EMGF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.00SeptemberOctoberNovemberDecember2025February
0.64
0.67
FDEM
EMGF

Dividends

FDEM vs. EMGF - Dividend Comparison

FDEM's dividend yield for the trailing twelve months is around 3.98%, more than EMGF's 3.32% yield.


TTM202420232022202120202019201820172016
FDEM
Fidelity Emerging Markets Multifactor ETF
3.98%4.05%4.41%3.95%2.71%1.84%2.39%0.00%0.00%0.00%
EMGF
iShares Edge MSCI Multifactor Emerging Markets ETF
3.32%3.42%5.94%4.04%2.48%1.95%2.63%2.73%1.95%2.04%

Drawdowns

FDEM vs. EMGF - Drawdown Comparison

The maximum FDEM drawdown since its inception was -33.65%, smaller than the maximum EMGF drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for FDEM and EMGF. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-5.49%
-7.29%
FDEM
EMGF

Volatility

FDEM vs. EMGF - Volatility Comparison

The current volatility for Fidelity Emerging Markets Multifactor ETF (FDEM) is 3.73%, while iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) has a volatility of 4.10%. This indicates that FDEM experiences smaller price fluctuations and is considered to be less risky than EMGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%SeptemberOctoberNovemberDecember2025February
3.73%
4.10%
FDEM
EMGF