Fidelity Emerging Markets Multifactor ETF
$35.19−0.29 (−0.82%)
- 0.25%
- $591M
- +25.0%
- 3.28%
- 0.1M sh
- $35.62
- low $29.57high $38.32
The ETF.net FDEM Grade
B
Score 71 out of 100
- 2 of 20
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.A92 out of 100Rank 2 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 6 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 6 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 16 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 8 of 20
Our read on FDEM
BValue, quality, momentum and low-volatility screens run across emerging markets stocks, plus an unusual extra filter: a tilt toward names less correlated with US equities. Fidelity's in-house index, priced under the category median.
The fund seeks to track, before fees and expenses, the Fidelity Emerging Markets Multifactor Index.
Why people hold it
- Four factor screens (value, quality, momentum, lower volatility) and then a twist most multifactor rivals skip: the index also leans toward stocks with lower correlation to the US market.sec.gov
- At 0.25% a year, it undercuts the typical fund in the international multifactor group, where the median sits at 0.38%.
- Rules over hunches: normally at least 80% of assets sit in index securities, so the screens drive the portfolio. Live since 2019, with distributions paid quarterly.sec.gov
Worth knowing
- Selective by design: a couple hundred large- and mid-cap names, not the full emerging markets universe, so results diverge from plain market-cap EM index funds.sec.gov
- Emerging markets carry currency, political and regulatory risk. A low-volatility screen aims to soften the ride relative to the broad EM market, not to remove the risk.sec.gov
- Volume is moderate rather than heavy for the category, so spreads deserve a look on larger orders. The developed-market sibling FDEV runs cheaper at 0.18%.
FDEM Holdings
- Stocks
- 230
- 36%
- 2330.TW
Sectors
- Technology38.4%
- Financials15.3%
- Consumer Discretionary11.5%
- Materials10.0%
- Health Care7.0%
- Energy6.8%
- Real Estate5.0%
- Industrials4.0%
- Communication2.2%
Geography
- Taiwan27.99%
- South Korea16.93%
- China16.49%
- India10.35%
- Brazil4.34%
- South Africa3.11%
- Hong Kong3.03%
- Mexico2.97%
- 14.80%
Developed 3% · Emerging 97%
FDEM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FDEM$12,502
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FDEM |
|---|---|
| Year to date | +18.0% |
| 1 month | −2.1% |
| 3 months | −0.1% |
| 1 year | +25.0% |
| 3 years | +21.1% |
| 5 years | +10.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FDEM |
|---|---|---|
| 2026 YTD | +18.0% | |
| 2025 | +26.8% | |
| 2024 | +9.3% | |
| 2023 | +17.3% | |
| 2022 | −13.1% | |
| 2021 | −3.5% | |
| 2020 | +8.9% |
FDEM in the news
FDEM Dividends
- 3.28%
- $1.17
- $0.38 per share
- Quarterly
Distribution history
FDEM Risk
- 13.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.17
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FDEM Cost
0.25%
FDEM0.25%
- The middle half of Emerging Markets Multifactor funds
- Median 0.47%
1 of the 20 Emerging Markets Multifactor funds charge less.
Other funds in Emerging Markets Multifactor
- AEMGFiShares Emerging Markets Equity Factor ETFExpense ratio 0.26%1 year return +31.4%
- AAVESAvantis Emerging Markets Value ETFExpense ratio 0.36%1 year return +22.4%
- BJPEMJPMorgan Diversified Return Emerging Markets Equity ETFExpense ratio 0.44%1 year return +17.2%
- BQEMMState Street SPDR MSCI Emerging Markets StrategicFactors ETFExpense ratio 0.30%1 year return +30.6%
- BROAMHartford Multifactor Emerging Markets ETFExpense ratio 0.44%1 year return +34.1%