Correlation
The correlation between FDEM and QINT is 0.61, 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.
FDEM vs. QINT
Compare and contrast key facts about Fidelity Emerging Markets Multifactor ETF (FDEM) and American Century Quality Diversified International ETF (QINT).
FDEM and QINT 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. QINT is a passively managed fund by American Century Investments that tracks the performance of the Alpha Vee American Century Diversified International Equity Index. It was launched on Sep 10, 2018. Both FDEM and QINT 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 QINT.
Performance
FDEM vs. QINT - Performance Comparison
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Key characteristics
FDEM:
0.45
QINT:
1.05
FDEM:
0.63
QINT:
1.46
FDEM:
1.08
QINT:
1.20
FDEM:
0.38
QINT:
1.26
FDEM:
1.28
QINT:
4.71
FDEM:
4.81%
QINT:
3.61%
FDEM:
17.29%
QINT:
17.17%
FDEM:
-33.65%
QINT:
-33.84%
FDEM:
-1.88%
QINT:
-0.49%
Returns By Period
In the year-to-date period, FDEM achieves a 6.09% return, which is significantly lower than QINT's 19.84% return.
FDEM
6.09%
3.82%
5.63%
8.36%
8.42%
8.11%
N/A
QINT
19.84%
6.05%
16.31%
16.93%
12.68%
11.60%
N/A
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FDEM vs. QINT - Expense Ratio Comparison
FDEM has a 0.45% expense ratio, which is higher than QINT's 0.39% expense ratio.
Risk-Adjusted Performance
FDEM vs. QINT — Risk-Adjusted Performance Rank
FDEM
QINT
FDEM vs. QINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Multifactor ETF (FDEM) and American Century Quality Diversified International ETF (QINT). 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.
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Dividends
FDEM vs. QINT - Dividend Comparison
FDEM's dividend yield for the trailing twelve months is around 3.97%, more than QINT's 2.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FDEM Fidelity Emerging Markets Multifactor ETF | 3.97% | 4.05% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% |
QINT American Century Quality Diversified International ETF | 2.91% | 3.49% | 3.12% | 3.56% | 2.30% | 1.61% | 1.83% | 0.42% |
Drawdowns
FDEM vs. QINT - Drawdown Comparison
The maximum FDEM drawdown since its inception was -33.65%, roughly equal to the maximum QINT drawdown of -33.84%. Use the drawdown chart below to compare losses from any high point for FDEM and QINT.
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Volatility
FDEM vs. QINT - Volatility Comparison
Fidelity Emerging Markets Multifactor ETF (FDEM) has a higher volatility of 3.78% compared to American Century Quality Diversified International ETF (QINT) at 2.70%. This indicates that FDEM's price experiences larger fluctuations and is considered to be riskier than QINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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