FTEC vs. FEMR

Last updated Jun 12, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and FEMR (Fidelity Enhanced Emerging Markets ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while FEMR is a Emerging Markets Diversified fund actively managed by Fidelity. FTEC is passively managed, while FEMR is actively managed. Over the past year, FTEC returned 48.82% vs 51.33% for FEMR. A 0.67 correlation means they provide meaningful diversification when combined. FTEC charges 0.08%/yr vs 0.38%/yr for FEMR.

Performance

FTEC vs. FEMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Enhanced Emerging Markets ETF (FEMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTEC achieves a 23.52% return, which is significantly lower than FEMR's 28.36% return.

FTEC

• 1D: 3.28%
• 1M: 3.46%
• YTD: 23.52%
• 6M: 20.02%
• 1Y: 48.82%
• 3Y*: 30.35%
• 5Y*: 20.48%
• 10Y*: 24.91%

FEMR

• 1D: 4.37%
• 1M: 3.36%
• YTD: 28.36%
• 6M: 31.26%
• 1Y: 51.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTEC vs. FEMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTEC Fidelity MSCI Information Technology Index ETF	23.52%	22.11%	1.56%
FEMR Fidelity Enhanced Emerging Markets ETF	28.36%	35.27%	-1.48%

Correlation

The correlation between FTEC and FEMR is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.67

The correlation between FTEC and FEMR has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

Return for Risk

FTEC vs. FEMR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTEC

FTEC Risk / Return Rank: 74
FTEC Sharpe Ratio Rank: 83
FTEC Sortino Ratio Rank: 76
FTEC Omega Ratio Rank: 76
FTEC Calmar Ratio Rank: 72
FTEC Martin Ratio Rank: 64

FEMR

FEMR Risk / Return Rank: 81
FEMR Sharpe Ratio Rank: 83
FEMR Sortino Ratio Rank: 77
FEMR Omega Ratio Rank: 84
FEMR Calmar Ratio Rank: 80
FEMR Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTEC vs. FEMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Enhanced Emerging Markets ETF (FEMR). 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.

	FTEC	FEMR	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.26	-0.04
Sortino ratio: Return per unit of downside risk	2.77	2.89	-0.12
Omega ratio: Gain probability vs. loss probability	1.37	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	3.02	3.56	-0.55
Martin ratio: Return relative to average drawdown	9.43	13.67	-4.24

FTEC vs. FEMR - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.22, which is comparable to the FEMR Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FTEC and FEMR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTEC vs. FEMR - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, which is greater than FEMR's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for FTEC and FEMR.

Drawdown Indicators

	FTEC	FEMR	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-15.58%	-19.37%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-14.47%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	—	—
Current Drawdown Current decline from peak	-7.75%	-5.11%	-2.64%
Average Drawdown Average peak-to-trough decline	-5.57%	-2.37%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.19%	3.77%	+1.42%

Volatility

FTEC vs. FEMR - Volatility Comparison

The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 10.05%, while Fidelity Enhanced Emerging Markets ETF (FEMR) has a volatility of 11.21%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than FEMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	FEMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.05%	11.21%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	20.51%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	22.82%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	22.20%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.81%	22.20%	+2.61%

FTEC vs. FEMR - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than FEMR's 0.38% expense ratio.

Dividends

FTEC vs. FEMR - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.34%, less than FEMR's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEMR Fidelity Enhanced Emerging Markets ETF	1.46%	1.92%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.34%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FTEC and FEMR in my portfolio?

FTEC and FEMR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or FEMR?

FEMR has higher volatility (11.21%) compared to FTEC (10.05%). In terms of maximum drawdown, FTEC dropped -34.95% vs FEMR's -15.58%.

Which ETF is better, FTEC or FEMR?

On 1-year performance, FEMR leads with 51.33% vs 48.82% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 10.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or FEMR?

Over the 1-year period, FEMR has performed better with a 51.33% return vs 48.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or FEMR?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.38% for FEMR.

Which ETF pays a higher dividend yield, FTEC or FEMR?

FEMR has the higher dividend yield at 1.46%, compared with 0.34% for FTEC.

What is the main difference between FTEC and FEMR?

FTEC is categorized as Technology Equities, while FEMR is Emerging Markets Diversified. Their fees differ too: 0.08% for FTEC and 0.38% for FEMR.

Which has better risk-adjusted returns?

FEMR currently has the higher Sharpe Ratio (2.26 vs 2.22), 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.