FDEM vs. IGRO
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and iShares International Dividend Growth ETF (IGRO).
FDEM and IGRO 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. IGRO is a passively managed fund by iShares that tracks the performance of the Morningstar Global ex-US Dividend Growth Index. It was launched on May 17, 2016. Both FDEM and IGRO 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 IGRO.
Key characteristics
| FDEM | IGRO | |
|---|---|---|
| YTD Return | 12.41% | 12.42% |
| 1Y Return | 21.12% | 23.69% |
| 3Y Return (Ann) | 4.35% | 4.20% |
| 5Y Return (Ann) | 4.32% | 6.61% |
| Sharpe Ratio | 1.57 | 1.94 |
| Sortino Ratio | 2.29 | 2.70 |
| Omega Ratio | 1.27 | 1.34 |
| Calmar Ratio | 1.31 | 2.25 |
| Martin Ratio | 8.67 | 11.87 |
| Ulcer Index | 2.40% | 1.92% |
| Daily Std Dev | 13.31% | 11.79% |
| Max Drawdown | -33.65% | -36.25% |
| Current Drawdown | -4.58% | -5.36% |
Correlation
The correlation between FDEM and IGRO is 0.72, 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. IGRO - Performance Comparison
The year-to-date returns for both investments are quite close, with FDEM having a 12.41% return and IGRO slightly higher at 12.42%. 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. IGRO - Expense Ratio Comparison
FDEM has a 0.45% expense ratio, which is higher than IGRO's 0.22% expense ratio.
Risk-Adjusted Performance
FDEM vs. IGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and iShares International Dividend Growth ETF (IGRO). 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. IGRO - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 3.24%, more than IGRO's 2.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 3.24% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% |
IGRO iShares International Dividend Growth ETF | 2.50% | 2.79% | 2.69% | 2.27% | 2.41% | 2.65% | 2.97% | 2.43% | 1.18% |
Drawdowns
FDEM vs. IGRO - Drawdown Comparison
The maximum FDEM drawdown since its inception was -33.65%, smaller than the maximum IGRO drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for FDEM and IGRO. For additional features, visit the drawdowns tool.
Volatility
FDEM vs. IGRO - Volatility Comparison
Fidelity Emerging Markets Multifactor ETF (FDEM) has a higher volatility of 3.34% compared to iShares International Dividend Growth ETF (IGRO) at 2.99%. This indicates that FDEM's price experiences larger fluctuations and is considered to be riskier than IGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.