FDEM vs. EMGF
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF).
FDEM and EMGF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both FDEM and EMGF 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: FDEM or EMGF.
Key characteristics
| FDEM | EMGF | |
|---|---|---|
| YTD Return | 8.72% | 10.42% |
| 1Y Return | 14.92% | 17.06% |
| 3Y Return (Ann) | 2.60% | 0.43% |
| 5Y Return (Ann) | 3.89% | 5.14% |
| Sharpe Ratio | 1.23 | 1.31 |
| Sortino Ratio | 1.82 | 1.90 |
| Omega Ratio | 1.22 | 1.24 |
| Calmar Ratio | 1.27 | 1.16 |
| Martin Ratio | 6.65 | 6.66 |
| Ulcer Index | 2.55% | 3.01% |
| Daily Std Dev | 13.72% | 15.32% |
| Max Drawdown | -33.65% | -40.23% |
| Current Drawdown | -7.71% | -8.86% |
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.
Performance
FDEM vs. EMGF - Performance Comparison
In the year-to-date period, FDEM achieves a 8.72% return, which is significantly lower than EMGF's 10.42% 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. EMGF - Expense Ratio Comparison
Both FDEM and EMGF have an expense ratio of 0.45%.
Risk-Adjusted Performance
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.
Dividends
FDEM vs. EMGF - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 3.35%, less than EMGF's 5.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 3.35% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% |
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 5.32% | 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.
Volatility
FDEM vs. EMGF - Volatility Comparison
The current volatility for Fidelity Emerging Markets Multifactor ETF (FDEM) is 4.28%, while iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) has a volatility of 4.82%. 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.