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FEML.L vs. IWFV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEML.L vs. IWFV.L

Last updated Jul 14, 2026
Documentation

FEML.L (Fidelity Emerging Markets Ltd) is a stock, while IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) is Global Equities fund tracking the MSCI ACWI Value NR USD. Over the past 10 years, FEML.L returned 11.28%/yr vs 12.37%/yr for IWFV.L. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

FEML.L vs. IWFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Emerging Markets Ltd (FEML.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). The values are adjusted to include any dividend payments, if applicable.

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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 IWFV.L's 30.92% return. Over the past 10 years, FEML.L has underperformed IWFV.L with an annualized return of 11.28%, while IWFV.L has yielded a comparatively higher 12.37% 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%

IWFV.L

1D
-0.46%
1M
-2.03%
6M
27.08%
YTD
30.92%
1Y
57.29%
3Y*
25.95%
5Y*
17.21%
10Y*
12.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEML.L vs. IWFV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		30.92%30.69%6.85%13.02%0.95%21.60%-6.91%14.69%-9.34%12.04%

Correlation

The correlation between FEML.L and IWFV.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2014

0.52

The correlation between FEML.L and IWFV.L has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Fidelity Emerging Markets Ltd

iShares Edge MSCI World Value Factor UCITS ETF

Often compared with FEML.L:
FEML.L vs. TEDMXFEML.L vs. BRWM.LFEML.L vs. TP05.LFEML.L vs. IWDP.LFEML.L vs. IB01.LFEML.L vs. IWFQ.LFEML.L vs. INFR.L
Often compared with IWFV.L:
IWFV.L vs. OEFIWFV.L vs. VOOIWFV.L vs. VWRA.LIWFV.L vs. IOOIWFV.L vs. IWQU.LIWFV.L vs. SMGB.LIWFV.L vs. IWDA.L

Return for Risk

FEML.L vs. IWFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEML.L
FEML.L Risk / Return Rank: 9797
Overall Rank
FEML.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
FEML.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
FEML.L Omega Ratio Rank: 9898
Omega Ratio Rank
FEML.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
FEML.L Martin Ratio Rank: 9797
Martin Ratio Rank
IWFV.L
IWFV.L Risk / Return Rank: 9797
Overall Rank
IWFV.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWFV.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWFV.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWFV.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IWFV.L Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEML.L vs. IWFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Ltd (FEML.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.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.LIWFV.LDifference
Sharpe ratioReturn per unit of total volatility
3.81
3.87

-0.06

Sortino ratioReturn per unit of downside risk
4.45
5.19

-0.74

Omega ratioGain probability vs. loss probability

1.66

1.70

-0.04

Calmar ratioReturn relative to maximum drawdown

5.31

8.05

-2.74

Martin ratioReturn relative to average drawdown

20.03

27.01

-6.98

FEML.L vs. IWFV.L - Sharpe Ratio Comparison

The current FEML.L Sharpe Ratio is 3.81, which is comparable to the IWFV.L Sharpe Ratio of 3.87. The chart below compares the historical Sharpe Ratios of FEML.L and IWFV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FEML.L vs. IWFV.L - Drawdown Comparison

The maximum FEML.L drawdown since its inception was -60.17%, which is greater than IWFV.L's maximum drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for FEML.L and IWFV.L.

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Drawdown Indicators

FEML.LIWFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-60.17%

-42.78%

-17.39%

Max Drawdown (1Y)

Largest decline over 1 year

-14.98%

-7.08%

-7.90%

Max Drawdown (3Y)

Largest decline over 3 years

-14.98%

-19.86%

+4.88%

Max Drawdown (5Y)

Largest decline over 5 years

-38.41%

-19.86%

-18.55%

Max Drawdown (10Y)

Largest decline over 10 years

-40.75%

-28.79%

-11.96%

Current Drawdown

Current decline from peak

-8.19%

-4.71%

-3.48%

Average Drawdown

Average peak-to-trough decline

-21.33%

-11.21%

-10.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.98%

2.11%

+1.87%

Volatility

FEML.L vs. IWFV.L - Volatility Comparison

Fidelity Emerging Markets Ltd (FEML.L) has a higher volatility of 9.10% compared to iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) at 5.54%. This indicates that FEML.L's price experiences larger fluctuations and is considered to be riskier than IWFV.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.LIWFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.10%

5.54%

+3.56%

Volatility (6M)

Calculated over the trailing 6-month period

18.50%

12.91%

+5.59%

Volatility (1Y)

Calculated over the trailing 1-year period

20.93%

14.77%

+6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.45%

19.02%

-0.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.47%

17.93%

+0.54%

Dividends

FEML.L vs. IWFV.L - Dividend Comparison

FEML.L's dividend yield for the trailing twelve months is around 1.38%, while IWFV.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
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%
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		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 IWFV.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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