FEMS vs. EEMS
Compare and contrast key facts about First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS).
FEMS and EEMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEMS is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX EM Small Cap Index. It was launched on Feb 15, 2012. EEMS is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap Index. It was launched on Aug 16, 2011. Both FEMS and EEMS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMS or EEMS.
Performance
FEMS vs. EEMS - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FEMS having a 3.69% return and EEMS slightly higher at 3.77%. Over the past 10 years, FEMS has outperformed EEMS with an annualized return of 5.35%, while EEMS has yielded a comparatively lower 4.92% annualized return.
FEMS
3.69%
-0.23%
-4.31%
6.82%
6.23%
5.35%
EEMS
3.77%
-2.98%
-1.66%
8.58%
9.29%
4.92%
Key characteristics
| FEMS | EEMS | |
|---|---|---|
| Sharpe Ratio | 0.42 | 0.67 |
| Sortino Ratio | 0.67 | 0.96 |
| Omega Ratio | 1.08 | 1.12 |
| Calmar Ratio | 0.44 | 0.92 |
| Martin Ratio | 1.63 | 3.10 |
| Ulcer Index | 4.18% | 2.77% |
| Daily Std Dev | 16.13% | 12.85% |
| Max Drawdown | -47.85% | -48.89% |
| Current Drawdown | -7.87% | -6.95% |
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FEMS vs. EEMS - Expense Ratio Comparison
FEMS has a 0.80% expense ratio, which is higher than EEMS's 0.69% expense ratio.
Correlation
The correlation between FEMS and EEMS is 0.75, 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.
Risk-Adjusted Performance
FEMS vs. EEMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.
Dividends
FEMS vs. EEMS - Dividend Comparison
FEMS's dividend yield for the trailing twelve months is around 3.66%, more than EEMS's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund | 3.66% | 4.65% | 4.55% | 6.25% | 2.90% | 4.38% | 4.68% | 3.39% | 2.42% | 3.28% | 3.49% | 1.79% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.48% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% | 2.67% | 2.15% |
Drawdowns
FEMS vs. EEMS - Drawdown Comparison
The maximum FEMS drawdown since its inception was -47.85%, roughly equal to the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for FEMS and EEMS. For additional features, visit the drawdowns tool.
Volatility
FEMS vs. EEMS - Volatility Comparison
First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) has a higher volatility of 4.02% compared to iShares MSCI Emerging Markets Small-Cap ETF (EEMS) at 3.71%. This indicates that FEMS's price experiences larger fluctuations and is considered to be riskier than EEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.