FEMSX vs. FDEM
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Emerging Markets Multifactor ETF (FDEM).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. FDEM is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted Emerging Markets Factor Index. It was launched on Feb 26, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMSX or FDEM.
Key characteristics
| FEMSX | FDEM | |
|---|---|---|
| YTD Return | 8.02% | 8.22% |
| 1Y Return | 16.18% | 19.82% |
| 3Y Return (Ann) | -4.59% | 1.42% |
| 5Y Return (Ann) | 5.50% | 4.87% |
| Sharpe Ratio | 1.29 | 1.62 |
| Daily Std Dev | 13.98% | 12.87% |
| Max Drawdown | -44.16% | -33.65% |
| Current Drawdown | -21.44% | -0.74% |
Correlation
The correlation between FEMSX and FDEM is 0.90, 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.
Performance
FEMSX vs. FDEM - Performance Comparison
The year-to-date returns for both investments are quite close, with FEMSX having a 8.02% return and FDEM slightly higher at 8.22%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEMSX vs. FDEM - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than FDEM's 0.45% expense ratio.
Risk-Adjusted Performance
FEMSX vs. FDEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Emerging Markets Multifactor ETF (FDEM). 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
FEMSX vs. FDEM - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.61%, less than FDEM's 4.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.61% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% | 0.83% | 1.97% |
FDEM Fidelity Emerging Markets Multifactor ETF | 4.11% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEMSX vs. FDEM - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, which is greater than FDEM's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for FEMSX and FDEM. For additional features, visit the drawdowns tool.
Volatility
FEMSX vs. FDEM - Volatility Comparison
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a higher volatility of 3.95% compared to Fidelity Emerging Markets Multifactor ETF (FDEM) at 3.66%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than FDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.