FDEM vs. OBEMX
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and Oberweis Emerging Markets Fund (OBEMX).
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. OBEMX is managed by Oberweis. It was launched on Apr 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEM or OBEMX.
Key characteristics
| FDEM | OBEMX | |
|---|---|---|
| YTD Return | 12.41% | 7.79% |
| 1Y Return | 21.12% | 16.67% |
| 3Y Return (Ann) | 4.35% | -2.54% |
| 5Y Return (Ann) | 4.32% | 9.86% |
| Sharpe Ratio | 1.57 | 1.38 |
| Sortino Ratio | 2.29 | 1.95 |
| Omega Ratio | 1.27 | 1.25 |
| Calmar Ratio | 1.31 | 0.70 |
| Martin Ratio | 8.67 | 6.62 |
| Ulcer Index | 2.40% | 2.45% |
| Daily Std Dev | 13.31% | 11.79% |
| Max Drawdown | -33.65% | -35.60% |
| Current Drawdown | -4.58% | -10.12% |
Correlation
The correlation between FDEM and OBEMX is 0.74, 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. OBEMX - Performance Comparison
In the year-to-date period, FDEM achieves a 12.41% return, which is significantly higher than OBEMX's 7.79% 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. OBEMX - Expense Ratio Comparison
FDEM has a 0.45% expense ratio, which is lower than OBEMX's 1.75% expense ratio.
Risk-Adjusted Performance
FDEM vs. OBEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and Oberweis Emerging Markets Fund (OBEMX). 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. OBEMX - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 3.24%, less than OBEMX's 29.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 3.24% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% |
OBEMX Oberweis Emerging Markets Fund | 29.61% | 0.51% | 2.78% | 14.68% | 0.00% | 0.00% |
Drawdowns
FDEM vs. OBEMX - Drawdown Comparison
The maximum FDEM drawdown since its inception was -33.65%, smaller than the maximum OBEMX drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for FDEM and OBEMX. For additional features, visit the drawdowns tool.
Volatility
FDEM vs. OBEMX - Volatility Comparison
Fidelity Emerging Markets Multifactor ETF (FDEM) has a higher volatility of 3.34% compared to Oberweis Emerging Markets Fund (OBEMX) at 1.14%. This indicates that FDEM's price experiences larger fluctuations and is considered to be riskier than OBEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.