FEMR vs. FTEC

Last updated Jun 4, 2026

FEMR (Fidelity Enhanced Emerging Markets ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FEMR is a Emerging Markets Diversified fund actively managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. FEMR is actively managed, while FTEC is passively managed. Over the past year, FEMR returned 64.21% vs 60.87% for FTEC. A 0.66 correlation means they provide meaningful diversification when combined. FEMR charges 0.38%/yr vs 0.08%/yr for FTEC.

Performance

FEMR vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Emerging Markets ETF (FEMR) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEMR achieves a 34.71% return, which is significantly higher than FTEC's 31.89% return.

FEMR

• 1D: -0.41%
• 1M: 11.47%
• YTD: 34.71%
• 6M: 39.19%
• 1Y: 64.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

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

FEMR vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEMR Fidelity Enhanced Emerging Markets ETF	34.71%	35.27%	-1.49%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	0.46%

Correlation

The correlation between FEMR and FTEC is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.66

The correlation between FEMR and FTEC has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

Return for Risk

FEMR vs. FTEC — Risk / Return Rank

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

FEMR

FEMR Risk / Return Rank: 86
FEMR Sharpe Ratio Rank: 89
FEMR Sortino Ratio Rank: 85
FEMR Omega Ratio Rank: 88
FEMR Calmar Ratio Rank: 84
FEMR Martin Ratio Rank: 85

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	FEMR	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	3.05	2.97	+0.08
Sortino ratio: Return per unit of downside risk	3.85	3.65	+0.20
Omega ratio: Gain probability vs. loss probability	1.56	1.48	+0.08
Calmar ratio: Return relative to maximum drawdown	4.46	3.76	+0.70
Martin ratio: Return relative to average drawdown	17.85	12.10	+5.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEMR vs. FTEC - Sharpe Ratio Comparison

The current FEMR Sharpe Ratio is 3.05, which is comparable to the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FEMR and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEMR	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	2.97	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.22	0.99	+1.24

Drawdowns

FEMR vs. FTEC - Drawdown Comparison

The maximum FEMR drawdown since its inception was -15.58%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FEMR and FTEC.

Drawdown Indicators

	FEMR	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-34.95%	+19.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-16.26%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-0.41%	-1.49%	+1.08%
Average Drawdown Average peak-to-trough decline	-2.31%	-5.56%	+3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	5.05%	-1.44%

Volatility

FEMR vs. FTEC - Volatility Comparison

Fidelity Enhanced Emerging Markets ETF (FEMR) has a higher volatility of 8.63% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.43%. This indicates that FEMR's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEMR	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.63%	6.43%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	18.52%	16.14%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	21.17%	20.63%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.28%	25.23%	-3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	24.69%	-3.41%

FEMR vs. FTEC - Expense Ratio Comparison

FEMR has a 0.38% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

FEMR vs. FTEC - Dividend Comparison

FEMR's dividend yield for the trailing twelve months is around 1.39%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEMR Fidelity Enhanced Emerging Markets ETF	1.39%	1.92%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FEMR and FTEC in my portfolio?

FEMR and FTEC have a correlation of 0.69, 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 FTEC?

FEMR has higher volatility (8.63%) compared to FTEC (6.43%). In terms of maximum drawdown, FEMR dropped -15.58% vs FTEC's -34.95%.

Which ETF is better, FEMR or FTEC?

On 1-year performance, FEMR leads with 64.21% vs 60.87% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEMR or FTEC?

Over the 1-year period, FEMR has performed better with a 64.21% return vs 60.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEMR or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.38% for FEMR.

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

FEMR has the higher dividend yield at 1.39%, compared with 0.32% for FTEC.

What is the main difference between FEMR and FTEC?

FEMR is categorized as Emerging Markets Diversified, while FTEC is Technology Equities. Their fees differ too: 0.38% for FEMR and 0.08% for FTEC.

Which has better risk-adjusted returns?

FEMR currently has the higher Sharpe Ratio (3.05 vs 2.97), 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.