FEMR vs. BAMU

Last updated Jun 23, 2026

FEMR (Fidelity Enhanced Emerging Markets ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - FEMR is a Emerging Markets Diversified fund actively managed by Fidelity, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, FEMR returned 65.82% vs 2.91% for BAMU. At a correlation of -0.13, they often move in opposite directions. FEMR charges 0.38%/yr vs 1.09%/yr for BAMU.

Performance

FEMR vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Emerging Markets ETF (FEMR) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEMR achieves a 37.31% return, which is significantly higher than BAMU's 1.18% return.

FEMR

• 1D: 1.35%
• 1M: 9.36%
• YTD: 37.31%
• 6M: 40.13%
• 1Y: 65.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEMR vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEMR Fidelity Enhanced Emerging Markets ETF	37.31%	35.27%	-1.48%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	0.37%

Correlation

The correlation between FEMR and BAMU is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	-0.13

Return for Risk

FEMR vs. BAMU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEMR

FEMR Risk / Return Rank: 87
FEMR Sharpe Ratio Rank: 90
FEMR Sortino Ratio Rank: 83
FEMR Omega Ratio Rank: 88
FEMR Calmar Ratio Rank: 86
FEMR Martin Ratio Rank: 86

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

FEMR vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	FEMR	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	2.87	5.01	-2.13
Sortino ratio: Return per unit of downside risk	3.53	8.84	-5.31
Omega ratio: Gain probability vs. loss probability	1.53	2.43	-0.90
Calmar ratio: Return relative to maximum drawdown	4.57	24.72	-20.15
Martin ratio: Return relative to average drawdown	17.47	97.90	-80.42

FEMR vs. BAMU - Sharpe Ratio Comparison

The current FEMR Sharpe Ratio is 2.87, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of FEMR and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEMR vs. BAMU - Drawdown Comparison

The maximum FEMR drawdown since its inception was -15.58%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for FEMR and BAMU.

Drawdown Indicators

	FEMR	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-0.36%	-15.22%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-0.12%	-14.35%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.37%	-0.02%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	0.03%	+3.75%

Volatility

FEMR vs. BAMU - Volatility Comparison

Fidelity Enhanced Emerging Markets ETF (FEMR) has a higher volatility of 10.94% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that FEMR's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEMR	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.94%	0.09%	+10.85%
Volatility (6M) Calculated over the trailing 6-month period	20.80%	0.40%	+20.40%
Volatility (1Y) Calculated over the trailing 1-year period	23.08%	0.58%	+22.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	0.87%	+21.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.31%	0.87%	+21.44%

FEMR vs. BAMU - Expense Ratio Comparison

FEMR has a 0.38% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

FEMR vs. BAMU - Dividend Comparison

FEMR's dividend yield for the trailing twelve months is around 1.39%, less than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
FEMR Fidelity Enhanced Emerging Markets ETF	1.39%	1.92%	0.37%	0.00%

Frequently Asked Questions

Can I hold both FEMR and BAMU in my portfolio?

FEMR and BAMU have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEMR or BAMU?

FEMR has higher volatility (10.94%) compared to BAMU (0.09%). In terms of maximum drawdown, FEMR dropped -15.58% vs BAMU's -0.36%.

Which ETF is better, FEMR or BAMU?

On 1-year performance, FEMR leads with 65.82% vs 2.91% for BAMU. On fees, FEMR is cheaper at 0.38% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEMR or BAMU?

Over the 1-year period, FEMR has performed better with a 65.82% return vs 2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEMR or BAMU?

FEMR is cheaper with a 0.38% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, FEMR or BAMU?

BAMU has the higher dividend yield at 3.05%, compared with 1.39% for FEMR.

What is the main difference between FEMR and BAMU?

FEMR is categorized as Emerging Markets Diversified, while BAMU is Ultrashort Bond. They also come from different issuers: Fidelity and Brookstone. Their fees differ too: 0.38% for FEMR and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs 2.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.