XC vs. FEMR

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Emerging Markets ex-China Fund (XC) and Fidelity Enhanced Emerging Markets ETF (FEMR).

XC and FEMR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. It was launched on Sep 20, 2022. FEMR is an actively managed fund by Fidelity. It was launched on Nov 19, 2024.

Performance

XC vs. FEMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets ex-China Fund (XC) and Fidelity Enhanced Emerging Markets ETF (FEMR). The values are adjusted to include any dividend payments, if applicable.

XC vs. FEMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XC WisdomTree Emerging Markets ex-China Fund	-3.53%	18.19%	-1.68%
FEMR Fidelity Enhanced Emerging Markets ETF	5.18%	35.27%	-1.49%

Returns By Period

In the year-to-date period, XC achieves a -3.53% return, which is significantly lower than FEMR's 5.18% return.

XC

• 1D: 3.04%
• 1M: -8.43%
• YTD: -3.53%
• 6M: 0.10%
• 1Y: 17.84%
• 3Y*: 11.68%
• 5Y*: —
• 10Y*: —

FEMR

• 1D: 4.08%
• 1M: -10.27%
• YTD: 5.18%
• 6M: 10.69%
• 1Y: 36.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XC vs. FEMR - Expense Ratio Comparison

XC has a 0.32% expense ratio, which is lower than FEMR's 0.38% expense ratio.

FEMR

Fidelity Enhanced Emerging Markets ETF

XC

WisdomTree Emerging Markets ex-China Fund

Return for Risk

XC vs. FEMR — Risk / Return Rank

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

XC

XC Risk / Return Rank: 58
XC Sharpe Ratio Rank: 61
XC Sortino Ratio Rank: 63
XC Omega Ratio Rank: 59
XC Calmar Ratio Rank: 55
XC Martin Ratio Rank: 54

FEMR

FEMR Risk / Return Rank: 84
FEMR Sharpe Ratio Rank: 85
FEMR Sortino Ratio Rank: 84
FEMR Omega Ratio Rank: 85
FEMR Calmar Ratio Rank: 83
FEMR Martin Ratio Rank: 84

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.

XC vs. FEMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-China Fund (XC) 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.

	XC	FEMR	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.74	-0.67
Sortino ratio Return per unit of downside risk	1.59	2.30	-0.71
Omega ratio Gain probability vs. loss probability	1.22	1.35	-0.13
Calmar ratio Return relative to maximum drawdown	1.39	2.48	-1.09
Martin ratio Return relative to average drawdown	5.13	9.93	-4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XC vs. FEMR - Sharpe Ratio Comparison

The current XC Sharpe Ratio is 1.07, which is lower than the FEMR Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of XC and FEMR, 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

	XC	FEMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.74	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.45	-0.69

Correlation

The correlation between XC and FEMR is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XC vs. FEMR - Dividend Comparison

XC's dividend yield for the trailing twelve months is around 12.42%, more than FEMR's 1.78% yield.

	TTM	2025	2024	2023	2022
XC WisdomTree Emerging Markets ex-China Fund	12.42%	11.74%	1.49%	1.42%	0.57%
FEMR Fidelity Enhanced Emerging Markets ETF	1.78%	1.92%	0.37%	0.00%	0.00%

Drawdowns

XC vs. FEMR - Drawdown Comparison

The maximum XC drawdown since its inception was -20.97%, which is greater than FEMR's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for XC and FEMR.

Drawdown Indicators

	XC	FEMR	Difference
Max Drawdown Largest peak-to-trough decline	-20.97%	-15.58%	-5.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-14.47%	+2.00%
Current Drawdown Current decline from peak	-9.41%	-10.98%	+1.57%
Average Drawdown Average peak-to-trough decline	-3.99%	-2.32%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.62%	-0.23%

Volatility

XC vs. FEMR - Volatility Comparison

The current volatility for WisdomTree Emerging Markets ex-China Fund (XC) is 7.82%, while Fidelity Enhanced Emerging Markets ETF (FEMR) has a volatility of 11.53%. This indicates that XC experiences smaller price fluctuations and is considered to be less risky than FEMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XC	FEMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.82%	11.53%	-3.71%
Volatility (6M) Calculated over the trailing 6-month period	10.76%	15.72%	-4.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	21.01%	-4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	19.88%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	19.88%	-4.15%