FEMR vs. XC

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Enhanced Emerging Markets ETF (FEMR) and WisdomTree Emerging Markets ex-China Fund (XC).

FEMR and XC 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. XC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. It was launched on Sep 20, 2022.

Performance

FEMR vs. XC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Emerging Markets ETF (FEMR) and WisdomTree Emerging Markets ex-China Fund (XC). The values are adjusted to include any dividend payments, if applicable.

FEMR vs. XC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEMR Fidelity Enhanced Emerging Markets ETF	5.18%	35.27%	-1.49%
XC WisdomTree Emerging Markets ex-China Fund	-3.53%	18.19%	-1.68%

Returns By Period

In the year-to-date period, FEMR achieves a 5.18% return, which is significantly higher than XC's -3.53% return.

FEMR

• 1D: 4.08%
• 1M: -10.27%
• YTD: 5.18%
• 6M: 10.69%
• 1Y: 36.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XC

• 1D: 3.04%
• 1M: -8.43%
• YTD: -3.53%
• 6M: 0.10%
• 1Y: 17.84%
• 3Y*: 11.68%
• 5Y*: —
• 10Y*: —

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

FEMR vs. XC - Expense Ratio Comparison

FEMR has a 0.38% expense ratio, which is higher than XC's 0.32% expense ratio.

FEMR

Fidelity Enhanced Emerging Markets ETF

XC

WisdomTree Emerging Markets ex-China Fund

Return for Risk

FEMR vs. XC — Risk / Return Rank

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

FEMR

FEMR Risk / Return Rank: 84
FEMR Sharpe Ratio Rank: 85
FEMR Sortino Ratio Rank: 84
FEMR Omega Ratio Rank: 85
FEMR Calmar Ratio Rank: 83
FEMR Martin Ratio Rank: 84

XC

XC Risk / Return Rank: 58
XC Sharpe Ratio Rank: 61
XC Sortino Ratio Rank: 63
XC Omega Ratio Rank: 59
XC Calmar Ratio Rank: 55
XC Martin Ratio Rank: 54

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. XC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and WisdomTree Emerging Markets ex-China Fund (XC). 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	XC	Difference
Sharpe ratio Return per unit of total volatility	1.74	1.07	+0.67
Sortino ratio Return per unit of downside risk	2.30	1.59	+0.71
Omega ratio Gain probability vs. loss probability	1.35	1.22	+0.13
Calmar ratio Return relative to maximum drawdown	2.48	1.39	+1.09
Martin ratio Return relative to average drawdown	9.93	5.13	+4.80
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. XC - Sharpe Ratio Comparison

The current FEMR Sharpe Ratio is 1.74, which is higher than the XC Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of FEMR and XC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEMR	XC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.07	+0.67
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.76	+0.69

Correlation

The correlation between FEMR and XC is 0.77, 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. XC - Dividend Comparison

FEMR's dividend yield for the trailing twelve months is around 1.78%, less than XC's 12.42% yield.

	TTM	2025	2024	2023	2022
FEMR Fidelity Enhanced Emerging Markets ETF	1.78%	1.92%	0.37%	0.00%	0.00%
XC WisdomTree Emerging Markets ex-China Fund	12.42%	11.74%	1.49%	1.42%	0.57%

Drawdowns

FEMR vs. XC - Drawdown Comparison

The maximum FEMR drawdown since its inception was -15.58%, smaller than the maximum XC drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for FEMR and XC.

Drawdown Indicators

	FEMR	XC	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-20.97%	+5.39%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-12.47%	-2.00%
Current Drawdown Current decline from peak	-10.98%	-9.41%	-1.57%
Average Drawdown Average peak-to-trough decline	-2.32%	-3.99%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.39%	+0.23%

Volatility

FEMR vs. XC - Volatility Comparison

Fidelity Enhanced Emerging Markets ETF (FEMR) has a higher volatility of 11.53% compared to WisdomTree Emerging Markets ex-China Fund (XC) at 7.82%. This indicates that FEMR's price experiences larger fluctuations and is considered to be riskier than XC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEMR	XC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	7.82%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	10.76%	+4.96%
Volatility (1Y) Calculated over the trailing 1-year period	21.01%	16.80%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	15.73%	+4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	15.73%	+4.15%