FEMU.L vs. FEM.L
FEMU.L (First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation) and FEM.L (First Trust Emerging Markets AlphaDEX UCITS ETF Acc) are both Emerging Markets Equities funds from First Trust - FEMU.L tracks the First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation while FEM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, FEMU.L returned 8.14%/yr vs 8.28%/yr for FEM.L. Their correlation of 0.89 suggests significant overlap in exposure.
Performance
FEMU.L vs. FEM.L - Performance Comparison
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Different Trading Currencies
FEMU.L is traded in USD, while FEM.L is traded in GBp. To make them comparable, the FEM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEMU.L achieves a 15.81% return, which is significantly lower than FEM.L's 16.76% return. Both investments have delivered pretty close results over the past 10 years, with FEMU.L having a 8.14% annualized return and FEM.L not far ahead at 8.28%.
FEMU.L
- 1D
- 0.66%
- 1M
- -3.00%
- 6M
- 10.14%
- YTD
- 15.81%
- 1Y
- 31.69%
- 3Y*
- 16.05%
- 5Y*
- 7.12%
- 10Y*
- 8.14%
FEM.L
- 1D
- 1.02%
- 1M
- -1.96%
- 6M
- 10.64%
- YTD
- 16.76%
- 1Y
- 32.41%
- 3Y*
- 16.33%
- 5Y*
- 7.27%
- 10Y*
- 8.28%
FEMU.L vs. FEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMU.L First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation | 15.81% | 27.57% | 3.49% | 10.14% | -13.81% | 7.06% | -0.52% | 18.78% | -14.90% | 38.13% |
FEM.L First Trust Emerging Markets AlphaDEX UCITS ETF Acc | 16.76% | 27.40% | 3.37% | 9.71% | -14.08% | 7.73% | -1.00% | 19.72% | -16.32% | 39.74% |
Correlation
The correlation between FEMU.L and FEM.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2013 | 0.89 |
The correlation between FEMU.L and FEM.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
FEMU.L vs. FEM.L — Risk / Return Rank
FEMU.L
FEM.L
FEMU.L vs. FEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) and First Trust Emerging Markets AlphaDEX UCITS ETF Acc (FEM.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMU.L | FEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.96 | +0.17 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.54 | -0.17 |
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Drawdowns
FEMU.L vs. FEM.L - Drawdown Comparison
The maximum FEMU.L drawdown since its inception was -45.58%, smaller than the maximum FEM.L drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for FEMU.L and FEM.L.
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Drawdown Indicators
| FEMU.L | FEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -56.43% | +10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -8.14% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -17.77% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | -31.03% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -45.92% | +0.34% |
Current DrawdownCurrent decline from peak | -4.88% | -4.46% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -25.57% | +13.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.07% | -0.02% |
Volatility
FEMU.L vs. FEM.L - Volatility Comparison
First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) has a higher volatility of 7.82% compared to First Trust Emerging Markets AlphaDEX UCITS ETF Acc (FEM.L) at 6.66%. This indicates that FEMU.L's price experiences larger fluctuations and is considered to be riskier than FEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMU.L | FEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 6.66% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 15.11% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 18.38% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 18.58% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 19.96% | +0.56% |
Dividends
FEMU.L vs. FEM.L - Dividend Comparison
Neither FEMU.L nor FEM.L has paid dividends to shareholders.
Frequently Asked Questions
FEMU.L and FEM.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEMU.L tracks First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation, while FEM.L tracks MSCI EM NR USD.
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