MRAAY vs. FFEM

Last updated Aug 1, 2026

MRAAY (Murata Manufacturing Inc) is a stock, while FFEM (Fidelity Fundamental Emerging Markets ETF) is Emerging Markets Equities fund actively managed by Fidelity. Over the past year, MRAAY returned 207.13% vs 46.94% for FFEM. Their 0.54 correlation means they have sometimes moved together and sometimes differently.

Performance

MRAAY vs. FFEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Murata Manufacturing Inc (MRAAY) and Fidelity Fundamental Emerging Markets ETF (FFEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRAAY achieves a 125.73% return, which is significantly higher than FFEM's 23.20% return.

MRAAY

• 1D: 0.52%
• 1M: -28.84%
• 6M: 129.97%
• YTD: 125.73%
• 1Y: 207.13%
• 3Y*: 33.47%
• 5Y*: 11.58%
• 10Y*: 13.95%
• ALL TIME*: 6.37%

FFEM

• 1D: 0.59%
• 1M: -2.11%
• 6M: 12.60%
• YTD: 23.20%
• 1Y: 46.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFEM Fidelity Fundamental Emerging Markets ETF	$1.53M	$1.01M	$840.57K
MRAAY Murata Manufacturing Inc	$17.06M	$21.27M	$24.49M

MRAAY vs. FFEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MRAAY Murata Manufacturing Inc	125.73%	30.64%	-2.32%
FFEM Fidelity Fundamental Emerging Markets ETF	23.20%	40.03%	-10.18%

Correlation

The correlation between MRAAY and FFEM is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.54

The correlation between MRAAY and FFEM has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

Return for Risk

MRAAY vs. FFEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MRAAY

MRAAY Risk / Return Rank: 96
MRAAY Sharpe Ratio Rank: 98
MRAAY Sortino Ratio Rank: 95
MRAAY Omega Ratio Rank: 95
MRAAY Calmar Ratio Rank: 93
MRAAY Martin Ratio Rank: 97

FFEM

FFEM Risk / Return Rank: 78
FFEM Sharpe Ratio Rank: 77
FFEM Sortino Ratio Rank: 72
FFEM Omega Ratio Rank: 77
FFEM Calmar Ratio Rank: 84
FFEM Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MRAAY vs. FFEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Murata Manufacturing Inc (MRAAY) and Fidelity Fundamental Emerging Markets ETF (FFEM). 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.

	MRAAY	FFEM	Difference
Sharpe ratio: Return per unit of total volatility	3.25	1.76	+1.49
Sortino ratio: Return per unit of downside risk	3.45	2.32	+1.13
Omega ratio: Gain probability vs. loss probability	1.48	1.32	+0.16
Calmar ratio: Return relative to maximum drawdown	4.28	3.17	+1.10
Martin ratio: Return relative to average drawdown	18.19	9.99	+8.20

MRAAY vs. FFEM - Sharpe Ratio Comparison

The current MRAAY Sharpe Ratio is 3.25, which is higher than the FFEM Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of MRAAY and FFEM, 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

MRAAY vs. FFEM - Drawdown Comparison

The maximum MRAAY drawdown since its inception was -80.45%, which is greater than FFEM's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for MRAAY and FFEM.

Drawdown Indicators

	MRAAY	FFEM	Difference
Max Drawdown Largest peak-to-trough decline	-80.45%	-18.17%	-62.28%
Max Drawdown (1Y) Largest decline over 1 year	-50.24%	-14.53%	-35.71%
Max Drawdown (3Y) Largest decline over 3 years	-50.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.92%	—	—
Current Drawdown Current decline from peak	-39.25%	-9.95%	-29.30%
Average Drawdown Average peak-to-trough decline	-41.22%	-3.90%	-37.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.78%	4.60%	+7.18%

Volatility

MRAAY vs. FFEM - Volatility Comparison

Murata Manufacturing Inc (MRAAY) has a higher volatility of 35.05% compared to Fidelity Fundamental Emerging Markets ETF (FFEM) at 9.93%. This indicates that MRAAY's price experiences larger fluctuations and is considered to be riskier than FFEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRAAY	FFEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.05%	9.93%	+25.12%
Volatility (6M) Calculated over the trailing 6-month period	60.63%	23.77%	+36.86%
Volatility (1Y) Calculated over the trailing 1-year period	66.06%	26.25%	+39.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.96%	25.05%	+14.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.56%	25.05%	+10.51%

Dividends

MRAAY vs. FFEM - Dividend Comparison

MRAAY has not paid dividends to shareholders, while FFEM's dividend yield for the trailing twelve months is around 1.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
MRAAY Murata Manufacturing Inc	0.00%	1.01%	1.10%	0.00%	0.00%	0.66%	0.00%	0.00%	0.00%	0.00%	1.53%

Frequently Asked Questions

Can I hold both MRAAY and FFEM in my portfolio?

MRAAY and FFEM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRAAY or FFEM?

MRAAY has higher volatility (35.05%) compared to FFEM (9.93%). In terms of maximum drawdown, MRAAY dropped -80.45% vs FFEM's -18.17%.

Which has better risk-adjusted returns?

MRAAY currently has the higher Sharpe Ratio (3.25 vs 1.76), 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.