FEME.L vs. FEMQ.L
Compare and contrast key facts about Fidelity Emerging Markets Quality Income UCITS ETF USD Inc (FEME.L) and Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L).
FEME.L and FEMQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEME.L is a passively managed fund by Fidelity that tracks the performance of the Fidelity Emerging Markets Quality Income Index. It was launched on Oct 30, 2017. FEMQ.L is a passively managed fund by Fidelity that tracks the performance of the MSCI EM NR USD. It was launched on Nov 20, 2017. Both FEME.L and FEMQ.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FEME.L vs. FEMQ.L - Performance Comparison
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FEME.L vs. FEMQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEME.L Fidelity Emerging Markets Quality Income UCITS ETF USD Inc | 5.47% | 24.79% | 1.22% | 11.70% | -27.08% | 1.89% | 10.03% | 8.91% |
FEMQ.L Fidelity Emerging Markets Quality Income UCITS ETF | 5.48% | 30.09% | 4.72% | 15.42% | -24.10% | 6.73% | 12.66% | 9.26% |
Different Trading Currencies
FEME.L is traded in USD, while FEMQ.L is traded in GBP. To make them comparable, the FEMQ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with FEME.L having a 5.47% return and FEMQ.L slightly higher at 5.48%.
FEME.L
- 1D
- 4.18%
- 1M
- -4.88%
- YTD
- 5.47%
- 6M
- 7.81%
- 1Y
- 28.28%
- 3Y*
- 12.43%
- 5Y*
- 0.74%
- 10Y*
- —
FEMQ.L
- 1D
- 3.67%
- 1M
- -5.27%
- YTD
- 5.48%
- 6M
- 8.67%
- 1Y
- 32.66%
- 3Y*
- 16.80%
- 5Y*
- 4.61%
- 10Y*
- —
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FEME.L vs. FEMQ.L - Expense Ratio Comparison
Both FEME.L and FEMQ.L have an expense ratio of 0.50%.
Return for Risk
FEME.L vs. FEMQ.L — Risk / Return Rank
FEME.L
FEMQ.L
FEME.L vs. FEMQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Quality Income UCITS ETF USD Inc (FEME.L) and Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L). 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.
| FEME.L | FEMQ.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.87 | -0.23 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.46 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.94 | -0.42 |
Martin ratioReturn relative to average drawdown | 8.84 | 10.50 | -1.66 |
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
| FEME.L | FEMQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.87 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.28 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.31 | -0.08 |
Correlation
The correlation between FEME.L and FEMQ.L is 0.93, 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
FEME.L vs. FEMQ.L - Dividend Comparison
Neither FEME.L nor FEMQ.L has paid dividends to shareholders.
Drawdowns
FEME.L vs. FEMQ.L - Drawdown Comparison
The maximum FEME.L drawdown since its inception was -41.21%, roughly equal to the maximum FEMQ.L drawdown of -39.46%. Use the drawdown chart below to compare losses from any high point for FEME.L and FEMQ.L.
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Drawdown Indicators
| FEME.L | FEMQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.21% | -28.13% | -13.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -10.91% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -41.21% | -25.31% | -15.90% |
Current DrawdownCurrent decline from peak | -7.53% | -6.05% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -17.55% | -8.16% | -9.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.72% | +0.48% |
Volatility
FEME.L vs. FEMQ.L - Volatility Comparison
Fidelity Emerging Markets Quality Income UCITS ETF USD Inc (FEME.L) and Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L) have volatilities of 6.91% and 6.61%, 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
| FEME.L | FEMQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 6.61% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 11.73% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 17.39% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 16.64% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 18.89% | +0.77% |