FDEM vs. FEMSX
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX).
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. FEMSX is managed by Fidelity. It was launched on Dec 9, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEM or FEMSX.
Key characteristics
| FDEM | FEMSX | |
|---|---|---|
| YTD Return | 11.59% | 13.50% |
| 1Y Return | 21.68% | 23.04% |
| 3Y Return (Ann) | 3.92% | -2.28% |
| 5Y Return (Ann) | 4.16% | 4.48% |
| Sharpe Ratio | 1.49 | 1.45 |
| Sortino Ratio | 2.16 | 2.09 |
| Omega Ratio | 1.26 | 1.26 |
| Calmar Ratio | 1.28 | 0.67 |
| Martin Ratio | 8.39 | 6.99 |
| Ulcer Index | 2.43% | 3.17% |
| Daily Std Dev | 13.68% | 15.33% |
| Max Drawdown | -33.65% | -44.16% |
| Current Drawdown | -5.27% | -17.45% |
Correlation
The correlation between FDEM and FEMSX 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. FEMSX - Performance Comparison
In the year-to-date period, FDEM achieves a 11.59% return, which is significantly lower than FEMSX's 13.50% 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. FEMSX - Expense Ratio Comparison
FDEM has a 0.45% expense ratio, which is higher than FEMSX's 0.01% expense ratio.
Risk-Adjusted Performance
FDEM vs. FEMSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX). 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. FEMSX - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 3.26%, more than FEMSX's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 3.26% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.48% | 2.82% | 2.39% | 3.26% | 1.33% | 2.41% | 2.47% | 1.81% | 1.24% | 1.27% | 0.83% | 1.97% |
Drawdowns
FDEM vs. FEMSX - Drawdown Comparison
The maximum FDEM drawdown since its inception was -33.65%, smaller than the maximum FEMSX drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for FDEM and FEMSX. For additional features, visit the drawdowns tool.
Volatility
FDEM vs. FEMSX - Volatility Comparison
The current volatility for Fidelity Emerging Markets Multifactor ETF (FDEM) is 4.50%, while Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a volatility of 5.01%. This indicates that FDEM experiences smaller price fluctuations and is considered to be less risky than FEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.