FFEM vs. SAEM.L
FFEM (Fidelity Fundamental Emerging Markets ETF) and SAEM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Acc)) are both Emerging Markets Diversified funds. Over the past year, FFEM returned 45.55% vs 32.94% for SAEM.L. A 0.74 correlation means they provide meaningful diversification when combined. FFEM charges 0.60%/yr vs 0.18%/yr for SAEM.L.
Performance
FFEM vs. SAEM.L - Performance Comparison
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Returns By Period
In the year-to-date period, FFEM achieves a 22.72% return, which is significantly higher than SAEM.L's 17.44% return.
FFEM
- 1D
- -2.40%
- 1M
- -6.41%
- 6M
- 12.53%
- YTD
- 22.72%
- 1Y
- 45.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAEM.L
- 1D
- -1.17%
- 1M
- -6.78%
- 6M
- 10.66%
- YTD
- 17.44%
- 1Y
- 32.94%
- 3Y*
- 19.23%
- 5Y*
- 6.61%
- 10Y*
- —
FFEM vs. SAEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FFEM Fidelity Fundamental Emerging Markets ETF | 22.72% | 40.03% | -10.18% |
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 17.44% | 33.03% | -0.76% |
Correlation
The correlation between FFEM and SAEM.L is 0.82, 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.74 |
The correlation between FFEM and SAEM.L has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
FFEM vs. SAEM.L — Risk / Return Rank
FFEM
SAEM.L
FFEM vs. SAEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Emerging Markets ETF (FFEM) and iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.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.
| FFEM | SAEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 2.44 | +0.93 |
| Martin ratioReturn relative to average drawdown | 11.40 | 7.84 | +3.56 |
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Drawdowns
FFEM vs. SAEM.L - Drawdown Comparison
The maximum FFEM drawdown since its inception was -18.17%, smaller than the maximum SAEM.L drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for FFEM and SAEM.L.
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Drawdown Indicators
| FFEM | SAEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -38.77% | +20.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -13.41% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.85% | — |
Current DrawdownCurrent decline from peak | -10.30% | -9.36% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -12.86% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 4.19% | -0.18% |
Volatility
FFEM vs. SAEM.L - Volatility Comparison
Fidelity Fundamental Emerging Markets ETF (FFEM) has a higher volatility of 10.80% compared to iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) at 9.20%. This indicates that FFEM's price experiences larger fluctuations and is considered to be riskier than SAEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFEM | SAEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.80% | 9.20% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 23.21% | 19.66% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 21.74% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.80% | 19.31% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.80% | 20.52% | +4.28% |
FFEM vs. SAEM.L - Expense Ratio Comparison
FFEM has a 0.60% expense ratio, which is higher than SAEM.L's 0.18% expense ratio.
Dividends
FFEM vs. SAEM.L - Dividend Comparison
FFEM's dividend yield for the trailing twelve months is around 1.34%, while SAEM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FFEM Fidelity Fundamental Emerging Markets ETF | 1.34% | 1.59% | 0.16% |
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FFEM and SAEM.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAEM.L is cheaper with a 0.18% expense ratio, compared with 0.60% for FFEM.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.60% for FFEM and 0.18% for SAEM.L.
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