FEML.L vs. IWFQ.L
FEML.L (Fidelity Emerging Markets Ltd) is a stock, while IWFQ.L (iShares MSCI World Quality Factor UCITS) is Global Equities fund tracking the MSCI ACWI NR USD. Over the past 10 years, FEML.L returned 11.28%/yr vs 12.25%/yr for IWFQ.L. At a 0.49 correlation, their price movements are largely independent.
Performance
FEML.L vs. IWFQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, FEML.L achieves a 34.52% return, which is significantly higher than IWFQ.L's 10.80% return. Over the past 10 years, FEML.L has underperformed IWFQ.L with an annualized return of 11.28%, while IWFQ.L has yielded a comparatively higher 12.25% annualized return.
FEML.L
- 1D
- -3.11%
- 1M
- 0.99%
- 6M
- 29.19%
- YTD
- 34.52%
- 1Y
- 80.04%
- 3Y*
- 37.71%
- 5Y*
- 11.50%
- 10Y*
- 11.28%
IWFQ.L
- 1D
- 0.30%
- 1M
- 1.55%
- 6M
- 8.50%
- YTD
- 10.80%
- 1Y
- 21.08%
- 3Y*
- 16.04%
- 5Y*
- 10.72%
- 10Y*
- 12.25%
FEML.L vs. IWFQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEML.L Fidelity Emerging Markets Ltd | 34.52% | 56.56% | 15.43% | 4.39% | -25.29% | -6.66% | 13.69% | 26.41% | -10.32% | 21.20% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 10.80% | 7.40% | 18.93% | 19.15% | -9.55% | 25.17% | 10.93% | 25.86% | -2.34% | 12.47% |
Correlation
The correlation between FEML.L and IWFQ.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.49 |
The correlation between FEML.L and IWFQ.L shifts across timeframes, from 0.35 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEML.L vs. IWFQ.L — Risk / Return Rank
FEML.L
IWFQ.L
FEML.L vs. IWFQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Ltd (FEML.L) and iShares MSCI World Quality Factor UCITS (IWFQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEML.L | IWFQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.39 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 3.00 | +2.32 |
| Martin ratioReturn relative to average drawdown | 20.03 | 12.70 | +7.33 |
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Drawdowns
FEML.L vs. IWFQ.L - Drawdown Comparison
The maximum FEML.L drawdown since its inception was -60.17%, which is greater than IWFQ.L's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for FEML.L and IWFQ.L.
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Drawdown Indicators
| FEML.L | IWFQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -40.49% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -7.01% | -7.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -20.20% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -38.41% | -20.20% | -18.21% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -23.91% | -16.84% |
Current DrawdownCurrent decline from peak | -8.19% | -0.48% | -7.71% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -8.92% | -12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 1.66% | +2.32% |
Volatility
FEML.L vs. IWFQ.L - Volatility Comparison
Fidelity Emerging Markets Ltd (FEML.L) has a higher volatility of 9.10% compared to iShares MSCI World Quality Factor UCITS (IWFQ.L) at 2.66%. This indicates that FEML.L's price experiences larger fluctuations and is considered to be riskier than IWFQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEML.L | IWFQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 2.66% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.50% | 7.41% | +11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.93% | 9.92% | +11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 19.21% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 17.26% | +1.21% |
Dividends
FEML.L vs. IWFQ.L - Dividend Comparison
FEML.L's dividend yield for the trailing twelve months is around 1.38%, while IWFQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FEML.L Fidelity Emerging Markets Ltd | 1.38% | 1.86% | 2.26% | 1.99% | 1.90% | 1.22% | 1.10% | 1.45% | 1.81% | 1.12% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEML.L and IWFQ.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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