FEMR vs. IEMG
Compare and contrast key facts about Fidelity Enhanced Emerging Markets ETF (FEMR) and iShares Core MSCI Emerging Markets ETF (IEMG).
FEMR and IEMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEMR is an actively managed fund by Fidelity. It was launched on Nov 19, 2024. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012.
Performance
FEMR vs. IEMG - Performance Comparison
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FEMR vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEMR Fidelity Enhanced Emerging Markets ETF | 5.18% | 35.27% | -1.49% |
IEMG iShares Core MSCI Emerging Markets ETF | 3.76% | 32.56% | -1.48% |
Returns By Period
In the year-to-date period, FEMR achieves a 5.18% return, which is significantly higher than IEMG's 3.76% return.
FEMR
- 1D
- 4.08%
- 1M
- -10.27%
- YTD
- 5.18%
- 6M
- 10.69%
- 1Y
- 36.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEMG
- 1D
- 3.61%
- 1M
- -9.13%
- YTD
- 3.76%
- 6M
- 7.65%
- 1Y
- 33.09%
- 3Y*
- 16.07%
- 5Y*
- 4.37%
- 10Y*
- 8.23%
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FEMR vs. IEMG - Expense Ratio Comparison
FEMR has a 0.38% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Return for Risk
FEMR vs. IEMG — Risk / Return Rank
FEMR
IEMG
FEMR vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and iShares Core MSCI Emerging Markets ETF (IEMG). 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 | IEMG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 1.68 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.27 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.48 | 0.00 |
Martin ratioReturn relative to average drawdown | 9.93 | 9.61 | +0.32 |
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
| FEMR | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.68 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 0.28 | +1.17 |
Correlation
The correlation between FEMR and IEMG is 0.95, 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
FEMR vs. IEMG - Dividend Comparison
FEMR's dividend yield for the trailing twelve months is around 1.78%, less than IEMG's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMR Fidelity Enhanced Emerging Markets ETF | 1.78% | 1.92% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.65% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Drawdowns
FEMR vs. IEMG - Drawdown Comparison
The maximum FEMR drawdown since its inception was -15.58%, smaller than the maximum IEMG drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for FEMR and IEMG.
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Drawdown Indicators
| FEMR | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -38.71% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -13.21% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.71% | — |
Current DrawdownCurrent decline from peak | -10.98% | -10.08% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -13.11% | +10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.41% | +0.21% |
Volatility
FEMR vs. IEMG - Volatility Comparison
Fidelity Enhanced Emerging Markets ETF (FEMR) has a higher volatility of 11.53% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 10.48%. This indicates that FEMR's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMR | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 10.48% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 14.67% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.01% | 19.78% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 17.91% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 19.84% | +0.04% |