SAEM.L vs. FFEM
SAEM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Acc)) and FFEM (Fidelity Fundamental Emerging Markets ETF) are both Emerging Markets Diversified funds. Over the past year, SAEM.L returned 28.76% vs 42.68% for FFEM. A 0.75 correlation means they provide meaningful diversification when combined. SAEM.L charges 0.18%/yr vs 0.60%/yr for FFEM.
Performance
SAEM.L vs. FFEM - Performance Comparison
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Returns By Period
In the year-to-date period, SAEM.L achieves a 14.78% return, which is significantly lower than FFEM's 21.02% return.
SAEM.L
- 1D
- -2.26%
- 1M
- -9.96%
- 6M
- 9.59%
- YTD
- 14.78%
- 1Y
- 28.76%
- 3Y*
- 18.39%
- 5Y*
- 6.12%
- 10Y*
- —
FFEM
- 1D
- -1.39%
- 1M
- -7.79%
- 6M
- 13.18%
- YTD
- 21.02%
- 1Y
- 42.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAEM.L vs. FFEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 14.78% | 33.03% | -0.76% |
FFEM Fidelity Fundamental Emerging Markets ETF | 21.02% | 40.03% | -10.18% |
Correlation
The correlation between SAEM.L and FFEM is 0.83, 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 | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.75 |
The correlation between SAEM.L and FFEM has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
SAEM.L vs. FFEM — Risk / Return Rank
SAEM.L
FFEM
SAEM.L vs. FFEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) 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.
| SAEM.L | FFEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.16 | -1.03 |
| Martin ratioReturn relative to average drawdown | 6.75 | 10.51 | -3.77 |
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Drawdowns
SAEM.L vs. FFEM - Drawdown Comparison
The maximum SAEM.L drawdown since its inception was -38.77%, which is greater than FFEM's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for SAEM.L and FFEM.
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Drawdown Indicators
| SAEM.L | FFEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -18.17% | -20.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -13.57% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.80% | — | — |
Current DrawdownCurrent decline from peak | -11.41% | -11.54% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -3.74% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 4.07% | +0.18% |
Volatility
SAEM.L vs. FFEM - Volatility Comparison
The current volatility for iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) is 9.26%, while Fidelity Fundamental Emerging Markets ETF (FFEM) has a volatility of 10.74%. This indicates that SAEM.L experiences smaller price fluctuations and is considered to be less risky than FFEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAEM.L | FFEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 10.74% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 19.76% | 23.26% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.87% | 25.45% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 24.80% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.53% | 24.80% | -4.27% |
SAEM.L vs. FFEM - Expense Ratio Comparison
SAEM.L has a 0.18% expense ratio, which is lower than FFEM's 0.60% expense ratio.
Dividends
SAEM.L vs. FFEM - Dividend Comparison
SAEM.L has not paid dividends to shareholders, while FFEM's dividend yield for the trailing twelve months is around 1.36%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FFEM Fidelity Fundamental Emerging Markets ETF | 1.36% | 1.59% | 0.16% |
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAEM.L and FFEM have a correlation of 0.83, 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: iShares and Fidelity. Their fees differ too: 0.18% for SAEM.L and 0.60% for FFEM.
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