SEGM.L vs. FEMQ.L

Last updated Jun 5, 2026

SEGM.L (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and FEMQ.L (Fidelity Emerging Markets Quality Income UCITS ETF) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from iShares and Fidelity respectively. Both are passively managed. Over the past 5 years, SEGM.L returned 8.46%/yr vs 9.81%/yr for FEMQ.L. Their correlation of 0.92 suggests significant overlap in exposure. SEGM.L charges 0.18%/yr vs 0.50%/yr for FEMQ.L.

Performance

SEGM.L vs. FEMQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (SEGM.L) and Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEGM.L achieves a 25.23% return, which is significantly lower than FEMQ.L's 34.78% return.

SEGM.L

• 1D: -1.41%
• 1M: 4.31%
• YTD: 25.23%
• 6M: 25.95%
• 1Y: 50.18%
• 3Y*: 20.39%
• 5Y*: 8.46%
• 10Y*: —

FEMQ.L

• 1D: -1.83%
• 1M: 9.21%
• YTD: 34.78%
• 6M: 34.02%
• 1Y: 56.10%
• 3Y*: 23.41%
• 5Y*: 9.81%
• 10Y*: —

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

SEGM.L vs. FEMQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SEGM.L iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)	25.23%	23.91%	9.13%	4.45%	-10.96%	-0.24%	15.77%	3.71%
FEMQ.L Fidelity Emerging Markets Quality Income UCITS ETF	34.78%	20.96%	6.49%	9.64%	-15.02%	7.70%	9.31%	2.95%

Correlation

The correlation between SEGM.L and FEMQ.L 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 (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.92

The correlation between SEGM.L and FEMQ.L has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

SEGM.L vs. FEMQ.L - Sectors Allocation Comparison

Sectors	SEGM.L	FEMQ.L
Technology	40.9%	49.5%
Financial Services	18.0%	16.6%
Consumer Cyclical	9.4%	9.6%
Industrials	7.8%	7.1%
Communication Services	6.2%	2.3%
Basic Materials	5.6%	5.2%
Healthcare	3.5%	1.8%
Energy	3.0%	3.2%
Consumer Defensive	2.8%	1.9%
Real Estate	1.7%	1.2%
Utilities	1.2%	1.7%

Return for Risk

SEGM.L vs. FEMQ.L — Risk / Return Rank

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

SEGM.L

SEGM.L Risk / Return Rank: 87
SEGM.L Sharpe Ratio Rank: 90
SEGM.L Sortino Ratio Rank: 88
SEGM.L Omega Ratio Rank: 90
SEGM.L Calmar Ratio Rank: 84
SEGM.L Martin Ratio Rank: 82

FEMQ.L

FEMQ.L Risk / Return Rank: 93
FEMQ.L Sharpe Ratio Rank: 94
FEMQ.L Sortino Ratio Rank: 94
FEMQ.L Omega Ratio Rank: 94
FEMQ.L Calmar Ratio Rank: 93
FEMQ.L Martin Ratio Rank: 91

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.

SEGM.L vs. FEMQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (SEGM.L) and Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L). 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.

	SEGM.L	FEMQ.L	Difference
Sharpe ratio: Return per unit of total volatility	3.07	3.52	-0.45
Sortino ratio: Return per unit of downside risk	3.95	4.87	-0.92
Omega ratio: Gain probability vs. loss probability	1.58	1.67	-0.10
Calmar ratio: Return relative to maximum drawdown	4.45	6.48	-2.03
Martin ratio: Return relative to average drawdown	15.98	21.32	-5.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEGM.L vs. FEMQ.L - Sharpe Ratio Comparison

The current SEGM.L Sharpe Ratio is 3.07, which is comparable to the FEMQ.L Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of SEGM.L and FEMQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEGM.L	FEMQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.07	3.52	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.65	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.49	+0.08

Drawdowns

SEGM.L vs. FEMQ.L - Drawdown Comparison

The maximum SEGM.L drawdown since its inception was -25.92%, smaller than the maximum FEMQ.L drawdown of -28.13%. Use the drawdown chart below to compare losses from any high point for SEGM.L and FEMQ.L.

Drawdown Indicators

	SEGM.L	FEMQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.92%	-28.13%	+2.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	-8.78%	-2.69%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-14.75%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	-25.31%	+2.01%
Current Drawdown Current decline from peak	-2.15%	-4.07%	+1.92%
Average Drawdown Average peak-to-trough decline	-9.77%	-8.03%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.67%	+0.53%

Volatility

SEGM.L vs. FEMQ.L - Volatility Comparison

The current volatility for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (SEGM.L) is 7.24%, while Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L) has a volatility of 9.03%. This indicates that SEGM.L experiences smaller price fluctuations and is considered to be less risky than FEMQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEGM.L	FEMQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	9.03%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	14.24%	14.19%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	16.18%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	15.00%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.83%	17.50%	+0.33%

SEGM.L vs. FEMQ.L - Expense Ratio Comparison

SEGM.L has a 0.18% expense ratio, which is lower than FEMQ.L's 0.50% expense ratio.

Dividends

SEGM.L vs. FEMQ.L - Dividend Comparison

Neither SEGM.L nor FEMQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SEGM.L and FEMQ.L in my portfolio?

SEGM.L and FEMQ.L 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 ETF is better, SEGM.L or FEMQ.L?

On fees, SEGM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEGM.L or FEMQ.L?

SEGM.L is cheaper with a 0.18% expense ratio, compared with 0.50% for FEMQ.L.

What is the main difference between SEGM.L and FEMQ.L?

Both ETFs track MSCI EM NR USD. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.18% for SEGM.L and 0.50% for FEMQ.L.