FFEM vs. DEM
FFEM (Fidelity Fundamental Emerging Markets ETF) and DEM (WisdomTree Emerging Markets Equity Income Fund) are both exchange-traded funds - FFEM is a Emerging Markets Equities fund actively managed by Fidelity, while DEM is a Dividend fund tracking the WisdomTree Emerging Markets Equity Income Index. FFEM is actively managed, while DEM is passively managed. Over the past year, FFEM returned 46.94% vs 24.73% for DEM. Their correlation of 0.82 means they have usually moved in the same direction. FFEM charges 0.60%/yr vs 0.63%/yr for DEM.
Performance
FFEM vs. DEM - Performance Comparison
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Returns By Period
In the year-to-date period, FFEM achieves a 23.20% return, which is significantly higher than DEM's 17.08% return.
FFEM
- 1D
- 0.59%
- 1M
- -2.11%
- 6M
- 12.60%
- YTD
- 23.20%
- 1Y
- 46.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.60%
DEM
- 1D
- 0.19%
- 1M
- 0.60%
- 6M
- 10.28%
- YTD
- 17.08%
- 1Y
- 24.73%
- 3Y*
- 15.88%
- 5Y*
- 10.19%
- 10Y*
- 9.26%
- ALL TIME*
- 4.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.90M | $9.48M | $10.87M | |
| $1.53M | $1.01M | $840.57K |
FFEM vs. DEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FFEM Fidelity Fundamental Emerging Markets ETF | 23.20% | 40.03% | -10.18% |
DEM WisdomTree Emerging Markets Equity Income Fund | 17.08% | 21.29% | -1.63% |
Correlation
The correlation between FFEM and DEM is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.82 |
The correlation between FFEM and DEM has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.
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Return for Risk
FFEM vs. DEM — Risk / Return Rank
FFEM
DEM
FFEM vs. DEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Emerging Markets ETF (FFEM) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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.
| FFEM | DEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.15 | +0.03 |
| Martin ratioReturn relative to average drawdown | 9.99 | 9.50 | +0.49 |
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Drawdowns
FFEM vs. DEM - Drawdown Comparison
The maximum FFEM drawdown since its inception was -18.17%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for FFEM and DEM.
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Drawdown Indicators
| FFEM | DEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -51.85% | +33.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -7.89% | -6.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.79% | — |
Current DrawdownCurrent decline from peak | -9.95% | -3.57% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -12.82% | +8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 2.61% | +1.99% |
Volatility
FFEM vs. DEM - Volatility Comparison
Fidelity Fundamental Emerging Markets ETF (FFEM) has a higher volatility of 9.93% compared to WisdomTree Emerging Markets Equity Income Fund (DEM) at 5.12%. This indicates that FFEM's price experiences larger fluctuations and is considered to be riskier than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFEM | DEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.93% | 5.12% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 23.77% | 13.28% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 15.02% | +11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 15.60% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.05% | 17.85% | +7.20% |
FFEM vs. DEM - Expense Ratio Comparison
FFEM has a 0.60% expense ratio, which is lower than DEM's 0.63% expense ratio.
Dividends
FFEM vs. DEM - Dividend Comparison
FFEM's dividend yield for the trailing twelve months is around 1.33%, less than DEM's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM WisdomTree Emerging Markets Equity Income Fund | 4.18% | 4.88% | 5.24% | 5.49% | 8.62% | 5.87% | 4.21% | 4.78% | 4.47% | 3.67% | 3.63% | 5.21% |
FFEM Fidelity Fundamental Emerging Markets ETF | 1.33% | 1.59% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FFEM and DEM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFEM has higher volatility (9.93%) compared to DEM (5.12%). In terms of maximum drawdown, FFEM dropped -18.17% vs DEM's -51.85%.
On 1-year performance, FFEM leads with 46.94% vs 24.73% for DEM. On fees, FFEM is cheaper at 0.60% per year. On volatility, DEM has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFEM has performed better with a 46.94% return vs 24.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FFEM is cheaper with a 0.60% expense ratio, compared with 0.63% for DEM.
DEM has the higher dividend yield at 4.18%, compared with 1.33% for FFEM.
FFEM is categorized as Emerging Markets Equities, while DEM is Dividend. They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.60% for FFEM and 0.63% for DEM.
FFEM currently has the higher Sharpe Ratio (1.76 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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