LDEM vs. FTEC

Last updated Apr 1, 2026

Compare and contrast key facts about iShares ESG MSCI EM Leaders ETF (LDEM) and Fidelity MSCI Information Technology Index ETF (FTEC).

LDEM and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LDEM is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Leaders 5% Issuer Capped Index. It was launched on Feb 5, 2020. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013. Both LDEM and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LDEM vs. FTEC - Performance Comparison

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

LDEM vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LDEM iShares ESG MSCI EM Leaders ETF	-0.25%	32.49%	5.87%	6.49%	-22.46%	-2.03%	15.59%
FTEC Fidelity MSCI Information Technology Index ETF	-7.30%	22.11%	29.40%	53.30%	-29.59%	30.49%	31.99%

Returns By Period

In the year-to-date period, LDEM achieves a -0.25% return, which is significantly higher than FTEC's -7.30% return.

LDEM

• 1D: 3.27%
• 1M: -7.84%
• YTD: -0.25%
• 6M: 0.54%
• 1Y: 23.06%
• 3Y*: 11.73%
• 5Y*: 1.19%
• 10Y*: —

FTEC

• 1D: 4.32%
• 1M: -3.83%
• YTD: -7.30%
• 6M: -6.15%
• 1Y: 29.59%
• 3Y*: 22.94%
• 5Y*: 14.76%
• 10Y*: 21.13%

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

LDEM vs. FTEC - Expense Ratio Comparison

LDEM has a 0.16% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

LDEM

iShares ESG MSCI EM Leaders ETF

FTEC

Fidelity MSCI Information Technology Index ETF

Return for Risk

LDEM vs. FTEC — Risk / Return Rank

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

LDEM

LDEM Risk / Return Rank: 68
LDEM Sharpe Ratio Rank: 68
LDEM Sortino Ratio Rank: 68
LDEM Omega Ratio Rank: 67
LDEM Calmar Ratio Rank: 70
LDEM Martin Ratio Rank: 65

FTEC

FTEC Risk / Return Rank: 68
FTEC Sharpe Ratio Rank: 65
FTEC Sortino Ratio Rank: 69
FTEC Omega Ratio Rank: 67
FTEC Calmar Ratio Rank: 74
FTEC Martin Ratio Rank: 62

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.

LDEM vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI EM Leaders ETF (LDEM) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	LDEM	FTEC	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.08	+0.11
Sortino ratio Return per unit of downside risk	1.71	1.66	+0.05
Omega ratio Gain probability vs. loss probability	1.24	1.23	+0.01
Calmar ratio Return relative to maximum drawdown	1.77	1.81	-0.04
Martin ratio Return relative to average drawdown	6.40	5.63	+0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDEM vs. FTEC - Sharpe Ratio Comparison

The current LDEM Sharpe Ratio is 1.19, which is comparable to the FTEC Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of LDEM and FTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LDEM	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.08	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.59	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.85	-0.64

Correlation

The correlation between LDEM and FTEC is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LDEM vs. FTEC - Dividend Comparison

LDEM's dividend yield for the trailing twelve months is around 3.26%, more than FTEC's 0.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDEM iShares ESG MSCI EM Leaders ETF	3.26%	3.26%	2.64%	3.20%	4.93%	1.82%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.46%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Drawdowns

LDEM vs. FTEC - Drawdown Comparison

The maximum LDEM drawdown since its inception was -40.82%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for LDEM and FTEC.

Drawdown Indicators

	LDEM	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-40.82%	-34.95%	-5.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.21%	-16.26%	+3.05%
Max Drawdown (5Y) Largest decline over 5 years	-39.17%	-34.95%	-4.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-10.37%	-12.65%	+2.28%
Average Drawdown Average peak-to-trough decline	-17.72%	-5.61%	-12.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	5.22%	-1.57%

Volatility

LDEM vs. FTEC - Volatility Comparison

iShares ESG MSCI EM Leaders ETF (LDEM) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 8.07% and 7.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDEM	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.07%	7.97%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	16.35%	-3.29%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	27.51%	-8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	25.12%	-6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	24.57%	-3.81%