Fidelity Covington Trust - Fidelity Fundamental Emerging Markets ETF
$40.92−0.39 (−0.93%)
- 0.60%
- $67M
- +36.3%
- 1.56%
- 0M sh
- $41.58
- low $31.21high $45.62
The ETF.net FFEM Grade
A
Score 76 out of 100
- 1 of 9
Score 76 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.
Cost
The fund’s net expense ratio, ranked against its category.A89 out of 100Rank 1 of 9Mission
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.B63 out of 100Rank 1 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 1 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 4 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 4 of 9
FFEM Holdings
- Stocks
- 123
- 50%
- 2330.TW
Sectors
- Technology44.1%
- Financials19.3%
- Consumer Discretionary7.7%
- Communication7.4%
- Industrials7.2%
- Materials4.8%
- Health Care4.5%
- Energy2.0%
- Consumer Staples1.6%
- Utilities1.0%
- Real Estate0.5%
Geography
- Taiwan28.71%
- China20.52%
- South Korea18.79%
- India8.06%
- Brazil4.50%
- South Africa3.29%
- Mexico3.02%
- Saudi Arabia1.72%
- 11.40%
Developed 1% · Emerging 99%
FFEM 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.Not enough history yet.Not enough history yet.
FFEM$13,631
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 | FFEM |
|---|---|
| Year to date | +24.9% |
| 1 month | −2.9% |
| 3 months | −2.6% |
| 1 year | +36.3% |
| 3 years | — |
| 5 years | — |
| 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 | FFEM |
|---|---|---|
| 2026 YTD | +24.9% | |
| 2025 | +37.7% | |
| 2024 | −0.6% |
FFEM in the news
FFEM Dividends
- 1.56%
- $0.64
- $0.19 per share
- Quarterly
Distribution history
FFEM Risk
- 17.5%
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.
- 1.61
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.
- −16.3%
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.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FFEM Cost
0.60%
FFEM0.60%
- The middle half of Emerging Markets Active Growth funds
- Median 0.79%
No Emerging Markets Active Growth fund charges less.
Other funds in Emerging Markets Active Growth
- ACGNGCapital Group New Geography Equity ETFExpense ratio 0.64%1 year return +20.5%
- CEMMGlobal X - Emerging Markets ex-China ETFExpense ratio 0.66%1 year return +41.8%
- CPEMXPutnam Emerging Markets Ex-China ETFExpense ratio 0.71%1 year return +46.3%
- CBCEMBaron Emerging Markets Select ETFExpense ratio 0.80%1 year return —
- CWCMEFirst Trust WCM Developing World Equity ETFExpense ratio 0.95%1 year return +16.4%