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.
Performance
FDEM vs. FEMSX - Performance Comparison
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FDEM vs. FEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 2.77% | 26.75% | 9.34% | 17.26% | -13.11% | -3.52% | 8.87% | 5.73% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 1.83% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 16.78% |
Returns By Period
In the year-to-date period, FDEM achieves a 2.77% return, which is significantly higher than FEMSX's 1.83% return.
FDEM
- 1D
- 3.24%
- 1M
- -8.84%
- YTD
- 2.77%
- 6M
- 6.29%
- 1Y
- 27.87%
- 3Y*
- 17.22%
- 5Y*
- 6.52%
- 10Y*
- —
FEMSX
- 1D
- -0.87%
- 1M
- -12.51%
- YTD
- 1.83%
- 6M
- 7.74%
- 1Y
- 34.77%
- 3Y*
- 17.94%
- 5Y*
- 3.95%
- 10Y*
- 10.49%
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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.
Return for Risk
FDEM vs. FEMSX — Risk / Return Rank
FDEM
FEMSX
FDEM vs. FEMSX - Risk-Adjusted Trends 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.
| FDEM | FEMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 1.82 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.11 | 2.37 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.35 | -0.17 |
Martin ratioReturn relative to average drawdown | 8.58 | 9.45 | -0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDEM | FEMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.82 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.21 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.49 | -0.10 |
Correlation
The correlation between FDEM and FEMSX is 0.89, 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.
Dividends
FDEM vs. FEMSX - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 3.17%, more than FEMSX's 2.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 3.17% | 3.23% | 4.05% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.40% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
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.
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Drawdown Indicators
| FDEM | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -44.16% | +10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -13.42% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -29.19% | -41.64% | +12.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.16% | — |
Current DrawdownCurrent decline from peak | -9.87% | -13.42% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -13.52% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.34% | -0.12% |
Volatility
FDEM vs. FEMSX - Volatility Comparison
Fidelity Emerging Markets Multifactor ETF (FDEM) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX) have volatilities of 9.54% and 9.59%, 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.
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Volatility by Period
| FDEM | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 9.59% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 14.36% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 18.89% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 18.58% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 19.10% | -1.34% |