FEMR vs. PRXV

Last updated Jun 3, 2026

FEMR (Fidelity Enhanced Emerging Markets ETF) and PRXV (Praxis Impact Large Cap Value ETF) are both exchange-traded funds - FEMR is a Emerging Markets Diversified fund actively managed by Fidelity, while PRXV is a Large Cap Value Equities fund actively managed by Praxis. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. FEMR charges 0.38%/yr vs 0.36%/yr for PRXV.

Performance

FEMR vs. PRXV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Emerging Markets ETF (FEMR) and Praxis Impact Large Cap Value ETF (PRXV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEMR

• 1D: 0.55%
• 1M: 12.50%
• YTD: 35.27%
• 6M: 39.81%
• 1Y: 65.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRXV

• 1D: 0.86%
• 1M: 3.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEMR vs. PRXV - Yearly Performance Comparison

	2026 (YTD)
FEMR Fidelity Enhanced Emerging Markets ETF	15.28%
PRXV Praxis Impact Large Cap Value ETF	4.54%

Correlation

The correlation between FEMR and PRXV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.37

Return for Risk

FEMR vs. PRXV — 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: 89
FEMR Sortino Ratio Rank: 86
FEMR Omega Ratio Rank: 89
FEMR Calmar Ratio Rank: 84
FEMR Martin Ratio Rank: 86

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. PRXV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and Praxis Impact Large Cap Value ETF (PRXV). 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	PRXV	Difference
Sharpe ratio Return per unit of total volatility	3.11	—	—
Sortino ratio Return per unit of downside risk	3.91	—	—
Omega ratio Gain probability vs. loss probability	1.57	—	—
Calmar ratio Return relative to maximum drawdown	4.61	—	—
Martin ratio Return relative to average drawdown	18.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FEMR	PRXV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	4.69	-2.44

Drawdowns

FEMR vs. PRXV - Drawdown Comparison

The maximum FEMR drawdown since its inception was -15.58%, which is greater than PRXV's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for FEMR and PRXV.

Drawdown Indicators

	FEMR	PRXV	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-1.18%	-14.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.32%	-0.33%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	FEMR	PRXV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.16%	9.81%	+11.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.30%	9.81%	+11.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.30%	9.81%	+11.49%

FEMR vs. PRXV - Expense Ratio Comparison

FEMR has a 0.38% expense ratio, which is higher than PRXV's 0.36% expense ratio.

Dividends

FEMR vs. PRXV - Dividend Comparison

FEMR's dividend yield for the trailing twelve months is around 1.39%, while PRXV has not paid dividends to shareholders.

Position	TTM	2025	2024
FEMR Fidelity Enhanced Emerging Markets ETF	1.39%	1.92%	0.37%
PRXV Praxis Impact Large Cap Value ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEMR and PRXV in my portfolio?

FEMR and PRXV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEMR or PRXV?

On fees, PRXV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEMR or PRXV?

PRXV is cheaper with a 0.36% expense ratio, compared with 0.38% for FEMR.

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

FEMR has the higher dividend yield at 1.39%, compared with 0.00% for PRXV.

What is the main difference between FEMR and PRXV?

FEMR is categorized as Emerging Markets Diversified, while PRXV is Large Cap Value Equities. They also come from different issuers: Fidelity and Praxis. Their fees differ too: 0.38% for FEMR and 0.36% for PRXV.