FDEM vs. FXAIX
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEM or FXAIX.
Key characteristics
| FDEM | FXAIX | |
|---|---|---|
| YTD Return | 3.58% | 6.04% |
| 1Y Return | 14.65% | 22.72% |
| 3Y Return (Ann) | -0.31% | 8.08% |
| 5Y Return (Ann) | 3.08% | 13.44% |
| Sharpe Ratio | 1.16 | 1.94 |
| Daily Std Dev | 12.78% | 11.68% |
| Max Drawdown | -33.65% | -33.79% |
| Current Drawdown | -5.00% | -4.08% |
Correlation
The correlation between FDEM and FXAIX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDEM vs. FXAIX - Performance Comparison
In the year-to-date period, FDEM achieves a 3.58% return, which is significantly lower than FXAIX's 6.04% 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. FXAIX - Expense Ratio Comparison
FDEM has a 0.45% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FDEM vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 4.30%, more than FXAIX's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 4.30% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.38% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FDEM vs. FXAIX - Drawdown Comparison
The maximum FDEM drawdown since its inception was -33.65%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FDEM and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FDEM vs. FXAIX - Volatility Comparison
Fidelity Emerging Markets Multifactor ETF (FDEM) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.86% and 3.88%, 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.