FTHF vs. FEMR

Last updated Jun 23, 2026

FTHF (First Trust Emerging Markets Human Flourishing ETF) and FEMR (Fidelity Enhanced Emerging Markets ETF) are both Emerging Markets Diversified funds. FTHF is passively managed, while FEMR is actively managed. Over the past year, FTHF returned 115.42% vs 65.82% for FEMR. Their correlation of 0.86 suggests significant overlap in exposure. FTHF charges 0.75%/yr vs 0.38%/yr for FEMR.

Performance

FTHF vs. FEMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets Human Flourishing ETF (FTHF) 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, FTHF achieves a 59.85% return, which is significantly higher than FEMR's 37.31% return.

FTHF

• 1D: 0.83%
• 1M: 14.34%
• YTD: 59.85%
• 6M: 64.18%
• 1Y: 115.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEMR

• 1D: 1.35%
• 1M: 9.36%
• YTD: 37.31%
• 6M: 40.13%
• 1Y: 65.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTHF vs. FEMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTHF First Trust Emerging Markets Human Flourishing ETF	59.85%	65.30%	-5.32%
FEMR Fidelity Enhanced Emerging Markets ETF	37.31%	35.27%	-1.48%

Correlation

The correlation between FTHF and FEMR is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.86

The correlation between FTHF and FEMR has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

FTHF vs. FEMR — Risk / Return Rank

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

FTHF

FTHF Risk / Return Rank: 91
FTHF Sharpe Ratio Rank: 93
FTHF Sortino Ratio Rank: 86
FTHF Omega Ratio Rank: 92
FTHF Calmar Ratio Rank: 94
FTHF Martin Ratio Rank: 90

FEMR

FEMR Risk / Return Rank: 87
FEMR Sharpe Ratio Rank: 90
FEMR Sortino Ratio Rank: 83
FEMR Omega Ratio Rank: 88
FEMR Calmar Ratio Rank: 86
FEMR Martin Ratio Rank: 86

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.

FTHF vs. FEMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Human Flourishing ETF (FTHF) 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.

	FTHF	FEMR	Difference
Sharpe ratio: Return per unit of total volatility	3.28	2.87	+0.41
Sortino ratio: Return per unit of downside risk	3.68	3.53	+0.15
Omega ratio: Gain probability vs. loss probability	1.60	1.53	+0.07
Calmar ratio: Return relative to maximum drawdown	7.12	4.57	+2.55
Martin ratio: Return relative to average drawdown	19.51	17.47	+2.04

FTHF vs. FEMR - Sharpe Ratio Comparison

The current FTHF Sharpe Ratio is 3.28, which is comparable to the FEMR Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of FTHF 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

FTHF vs. FEMR - Drawdown Comparison

The maximum FTHF drawdown since its inception was -17.36%, which is greater than FEMR's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for FTHF and FEMR.

Drawdown Indicators

	FTHF	FEMR	Difference
Max Drawdown Largest peak-to-trough decline	-17.36%	-15.58%	-1.78%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-14.47%	-1.84%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.22%	-2.37%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	3.78%	+2.16%

Volatility

FTHF vs. FEMR - Volatility Comparison

First Trust Emerging Markets Human Flourishing ETF (FTHF) has a higher volatility of 15.68% compared to Fidelity Enhanced Emerging Markets ETF (FEMR) at 10.94%. This indicates that FTHF's price experiences larger fluctuations and is considered to be riskier than FEMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHF	FEMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.68%	10.94%	+4.74%
Volatility (6M) Calculated over the trailing 6-month period	27.94%	20.80%	+7.14%
Volatility (1Y) Calculated over the trailing 1-year period	35.42%	23.08%	+12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.57%	22.31%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.57%	22.31%	+4.26%

FTHF vs. FEMR - Expense Ratio Comparison

FTHF has a 0.75% expense ratio, which is higher than FEMR's 0.38% expense ratio.

Dividends

FTHF vs. FEMR - Dividend Comparison

FTHF's dividend yield for the trailing twelve months is around 2.82%, more than FEMR's 1.39% yield.

Position	TTM	2025	2024	2023
FEMR Fidelity Enhanced Emerging Markets ETF	1.39%	1.92%	0.37%	0.00%
FTHF First Trust Emerging Markets Human Flourishing ETF	2.82%	4.40%	3.34%	0.51%

Frequently Asked Questions

Can I hold both FTHF and FEMR in my portfolio?

FTHF and FEMR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHF or FEMR?

FTHF has higher volatility (15.68%) compared to FEMR (10.94%). In terms of maximum drawdown, FTHF dropped -17.36% vs FEMR's -15.58%.

Which ETF is better, FTHF or FEMR?

On 1-year performance, FTHF leads with 115.42% vs 65.82% for FEMR. On fees, FEMR is cheaper at 0.38% per year. On volatility, FEMR has been the lower-risk option at 10.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTHF or FEMR?

Over the 1-year period, FTHF has performed better with a 115.42% return vs 65.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTHF or FEMR?

FEMR is cheaper with a 0.38% expense ratio, compared with 0.75% for FTHF.

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

FTHF has the higher dividend yield at 2.82%, compared with 1.39% for FEMR.

What is the main difference between FTHF and FEMR?

They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.75% for FTHF and 0.38% for FEMR.

Which has better risk-adjusted returns?

FTHF currently has the higher Sharpe Ratio (3.28 vs 2.87), 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.