ECON vs FDEM: Grades, Fees and Holdings Compared

Columbia Research Enhanced Emerging Economies ETF

ECONDNYSE Arca

Fidelity Emerging Markets Multifactor ETF

FDEMACboe

Overlap

36.5%by weight

Expense ratio

FDEM −0.24pt a year

ECON0.49%FDEM0.25%

Avg volume · 30D

FDEM 3.5×the volume

ECON24.7KFDEM87.5K

5Y return · a year

FDEM +3.0pt

ECON+6.3%FDEM+9.3%

ECON vs FDEM Performance

Oct 29, 2021 – Oct 30, 2026

+35.9%ECON+55.9%FDEM

Expense ratio: ECON 0.49%; FDEM 0.25%, better
Fund size: ECON $294M; FDEM $591M
1Y total return: ECON +18.2%, better; FDEM +12.2%
Yield (12M): ECON 1.50%; FDEM 3.49%, better
Holdings: ECON 366; FDEM 229
Avg volume (30D): ECON 24.7K sh; FDEM 87.5K sh, better
NAV per share: ECON $32.72; FDEM $33.73
52W range

ETF.net Grade

Pillar letters and Scores for ECON, FDEM, with each pillar’s weight
Pillar	ECON	FDEM
Cost30% weight	D26	A92Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C44	B56Higher
Tradability15% weight	D32	B65Higher
Holdings10% weight	B56Higher	C42
Durability5% weight	C51	B65Higher

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. ECON and FDEM are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

Emerging Markets Multifactor⁠

Category · 20 funds

See all 20 ›

FDEM ranks 3rd and ECON 16th of 20 funds in the Emerging Markets Multifactor Category.

Rank 1AEMGFiShares Emerging Markets Equity Factor ETFScore 76
Rank 2AAVESAvantis Emerging Markets Value ETFScore 71
Rank 3AFDEMFidelity Emerging Markets Multifactor ETFScore 70
Rank 4BQEMMState Street SPDR MSCI Emerging Markets StrategicFactors ETFScore 64
Rank 15DEMMFWisdomTree Emerging Markets Multifactor FundScore 38
Rank 16DECONColumbia Research Enhanced Emerging Economies ETFScore 36
Rank 17DFEMSFirst Trust Emerging Markets Small Cap AlphaDEX FundScore 33

Our read on each fund

ETF.net Research

ECONDColumbia Research Enhanced Emerging Economies ETF

FDEMAFidelity Emerging Markets Multifactor ETF

In short

ECON A 2010-vintage emerging markets ticker with a second act: once a consumer-stocks portfolio, now a broad EM index fund that screens out the names Columbia's quant models rate poorly on quality, value and catalyst.

FDEM Value, 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.

Stated mandate

ECON The Fund is an index-based emerging-economies equity ETF seeking to track the performance of the Beta Advantage® Research Enhanced Solactive Emerging Economies Index.

FDEM The fund seeks to track, before fees and expenses, the Fidelity Emerging Markets Multifactor Index.

Why people hold it

ECON The index starts from a broad Solactive EM large- and mid-cap universe, then removes securities rated unfavorably on quality, value and catalyst factors.sec.gov columbiathreadneedleus.com
What survives is market-cap weighted with region, country and sector controls, leaving a core-shaped EM portfolio of a couple hundred stocks rather than a concentrated factor bet.columbiathreadneedleus.com
Costs 0.47% net of a waiver through July 31, 2027 (0.49% gross), near the median fee for emerging-markets multifactor funds.

FDEM 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

ECON The ticker dates to 2010, but the research-enhanced index mandate arrived in 2024. Earlier history belongs to an emerging-markets consumer portfolio.sec.gov
It trades thinly next to the EM heavyweights, which tends to mean wider bid-ask spreads.
Several factor peers in the group list lower fees: FDEM at 0.25%, EMGF at 0.26%, QEMM at 0.30%.

FDEM 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%.

Full ECON profile⁠

Full FDEM profile⁠

ECON vs FDEM Holdings

How ECON and FDEM differ

Overlap by weight

36.5%

Shared holdings make up 67.5% of FDEM and 48.6% of ECON.

Level by level

Holdings96 in both36.5%
Sector11 Sectors77.4%
Countryby domicile89.9%
Asset classEquity100%

Sector

Sector weights in ECON and FDEM, widest gap first
Sector	More in ECONMore in FDEM	ECON	FDEM
Financials	ECON +9.4 points	23.8%	14.4%
Consumer Discretionary	FDEM +6.3 points	5.9%	12.2%
Energy	FDEM +4.6 points	3.6%	8.2%
Real Estate	FDEM +4.3 points	1.0%	5.3%
Health Care	FDEM +4.2 points	3.3%	7.5%
Materials	FDEM +3.1 points	5.1%	8.2%
Communication	ECON +3.1 points	5.2%	2.1%
Industrials	ECON +2.9 points	6.0%	3.1%
Consumer Staples	ECON +2.8 points	2.8%	0.0%
Technology	ECON +2.5 points	41.5%	39.0%
Utilities	ECON +1.8 points	1.8%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in ECON and FDEM, widest gap first
Country	More in ECONMore in FDEM	ECON	FDEM
South Korea	ECON +6.2 points	22.7%	16.5%
China	ECON +2.0 points	22.0%	20.0%
Thailand	FDEM +1.9 points	1.4%	3.3%
Mexico	FDEM +1.5 points	1.8%	3.3%
South Africa	FDEM +1.4 points	4.5%	5.9%
Greece	FDEM +1.1 points	0.5%	1.6%
Chile	FDEM +1.0 points	0.3%	1.3%
United States	ECON +1.0 points	1.0%	0.0%
Other countries (10)	FDEM +2.2 points	45.9%	48.1%

Outside the US: ECON 0% developed, 100% emerging. FDEM 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

ECON29.6%
FDEM34.7%

Securities held

ECON355
FDEM210

Asset class

ECON: Equity
FDEM: Equity

Holdings

Only in ECON259
In both96
Only in FDEM114

Only in ECON

259 securities, 50.7% of ECON by weight

Hon Hai Precision Industry Co Ltd1.68%
Bharti Airtel Ltd1.22%
Pdd Holdings Inc1.15%
Sk Square Co Ltd1.05%
Kweichow Moutai Co Ltd0.94%
Foxconn Industrial Internet Co Ltd0.88%
Larsen & Toubro Ltd0.71%
Itau Unibanco Holding SA0.71%
Kgi Financial Holding Co Ltd0.69%
Ping An Insurance Group Co of China Ltd0.69%
Kb Financial Group Inc0.66%
Mobile Telecommunications Co Kscp0.66%
Saudi National Bank/The0.60%
Sinopac Financial Holdings Co Ltd0.53%
E.sun Financial Holding Co Ltd0.52%
Grupo Financiero Banorte Sab De Cv0.51%
Shinhan Financial Group Co Ltd0.51%
Beone Medicines Ltd0.50%
China Yangtze Power Co Ltd0.49%
Hana Financial Group Inc0.49%
Firstrand Ltd0.48%
Capitec Limited0.46%
Al Rajhi Bank0.45%
Trip.com Group Ltd0.44%
Emirates Telecommunications Group Co Pjsc0.44%
First Financial Holding Co Ltd0.43%
Asustek Computer Inc0.42%
National Bank of Greece SA0.41%
Agricultural Bank of China Ltd0.41%
China Merchants Bank Co Ltd0.40%
Hua Nan Financial Holdings Co Ltd0.40%
Delta Electronics Thailand Pcl0.40%
Qatar National Bank Qpsc0.38%
Celltrion Inc0.37%
Yageo Corp0.37%
Wuxi Biologics Cayman Inc0.37%
First Abu Dhabi Bank Pjsc0.35%
Fubon Financial Holding Co Ltd0.35%
Public Bank Bhd0.35%
Wiwynn Corp0.34%
Hindalco Industries Ltd0.34%
Cathay Financial Holding Co Ltd0.34%
Quanta Computer Inc0.33%
Ptt Pcl0.33%
Zijin Mining Group Co Ltd0.33%
Tata Steel Ltd0.32%
Naver Corp0.32%
Absa Group Ltd0.32%
Samsung C&T Corp0.32%
Adani Ports & Special Economic Zone Ltd0.31%

Only in FDEM

114 securities, 31.8% of FDEM by weight

Emaar Development Pjsc1.67%
Fibra Uno Administracion SA1.64%
Aurobindo Pharmaceuticals Ltd1.16%
Asia Cement Corp0.99%
Richter Gedeon Nyrt0.98%
Ptt Exploration & Prod Nvdr0.90%
United Tractors Pt0.82%
Inner Mongolia Yitai Coal Class B0.81%
H World Group Ltd0.78%
Exxaro Resources Ltd0.77%
Nmdc Ltd0.69%
Tcl Electronics Holdings Ltd0.63%
Bosideng Internatl Holding Ltd0.58%
Jumbo SA0.56%
Pou Chen Corp0.53%
Minth Group Ltd0.53%
Xiaomi Corp B0.49%
Otp Bank (Reg)0.49%
Asseco Poland SA0.48%
Multi Cmdty Ex of Ind Ltd0.46%
Copec SA (Cia De Petro Chile)0.46%
Allwyn AG0.44%
Gcc Sab De Cv0.43%
Chang Hwa Commercial Bank0.41%
Optima Bank SA0.40%
Federal Bank Ltd0.39%
Riyad Bank0.39%
Bnk Financial Group Inc0.38%
Powszechny Zalkad Ubezpiec SA0.37%
Itausa (Invest Itau) Pfd0.37%
Bank of Baroda (Demat)0.36%
Hdfc Asset Management Co Ltd0.36%
Momentum Group Limited0.35%
Saudi Awwal Bank0.35%
Caixa Seguridade Participaco0.34%
Canara Bank0.34%
Far Eastern New Century Corp0.34%
Abu Dhabi Islamic Bank0.34%
Bb Seguridade Participacoes SA0.34%
Moneta Money Bank0.32%
Samsung E&A Co Ltd0.32%
Banco De Credito E Inversiones0.31%
Chailease Holding Co Ltd0.30%
Krung Thai Bank (Nvdr)0.29%
Bangkok Bank Public Co Nvdr0.28%
Union Bank of Taiwan0.28%
Nippon Life India Asset Manage0.28%
Rhb Bank Bhd0.26%
China Merchants Port Holdings0.25%
Gs Holdings Corp0.20%

Weight gaps

All 96 Holdings in both funds, largest gap first.

Holding weights in ECON and FDEM, widest gap first
Holding	More in ECONMore in FDEM	ECON	FDEM
Taiwan Semiconductor Manufacturing Co Ltd	FDEM +7.62 points	5.02%	12.64%
Sk Hynix Inc	ECON +2.76 points	7.05%	4.29%
China Resources Mixc Lifestyle Services Ltd	FDEM +1.81 points	0.04%	1.85%
Mediatek Inc	ECON +1.66 points	3.14%	1.48%
Bumrungrad Hospital Pcl	FDEM +1.42 points	0.04%	1.46%
Samsung Electronics Co Ltd	FDEM +1.42 points	5.31%	6.73%
Wuxi Apptec Co Ltd	FDEM +1.17 points	0.19%	1.36%
Sinopharm Group Co Ltd	FDEM +1.05 points	0.06%	1.11%
Sasol Ltd	FDEM +1.04 points	0.06%	1.10%
China Construction Bank Corp	ECON +1.03 points	2.02%	0.99%
Petroleo Brasileiro SA - Petrobras	FDEM +0.88 points	0.71%	1.59%
Delta Electronics Inc	ECON +0.87 points	1.55%	0.68%
Ase Technology Holding Co Ltd	ECON +0.82 points	1.42%	0.60%
Press Metal Aluminium Holdings Bhd	FDEM +0.76 points	0.03%	0.79%
Vedanta Ltd	FDEM +0.66 points	0.10%	0.76%
Sun Pharmaceutical Industries Ltd	FDEM +0.66 points	0.47%	1.13%
China Shenhua Energy Co Ltd	FDEM +0.61 points	0.34%	0.95%
Coal India Ltd	FDEM +0.61 points	0.22%	0.83%
Petrochina Co Ltd	FDEM +0.60 points	0.52%	1.12%
Fuyao Glass Industry Group Co Ltd	FDEM +0.58 points	0.05%	0.63%
Gold Fields Ltd	FDEM +0.57 points	0.31%	0.88%
Midea Group Co Ltd	FDEM +0.56 points	0.17%	0.73%
China Hongqiao Group Ltd	FDEM +0.53 points	0.13%	0.66%
Shenzhou International Group Holdings Ltd	FDEM +0.52 points	0.08%	0.60%
Haier Smart Home Co Ltd	FDEM +0.51 points	0.14%	0.65%
Anta Sports Products Ltd	FDEM +0.51 points	0.21%	0.72%
Netease Inc	ECON +0.51 points	0.74%	0.23%
Samsung Electro-Mechanics Co Ltd	ECON +0.50 points	0.88%	0.38%
Hero Motocorp Ltd	FDEM +0.46 points	0.20%	0.66%
Cmoc Group Ltd	FDEM +0.45 points	0.08%	0.53%
Sabic Agri-Nutrients Co	FDEM +0.45 points	0.23%	0.68%
Tongcheng Travel Holdings Ltd	FDEM +0.44 points	0.03%	0.47%
Eicher Motors Ltd	FDEM +0.43 points	0.26%	0.69%
Hankook Tire & Technology Co Ltd	FDEM +0.42 points	0.02%	0.44%
United Microelectronics Corp	ECON +0.41 points	0.77%	0.36%
Db Insurance Co Ltd	FDEM +0.41 points	0.08%	0.49%
Elite Material Co Ltd	ECON +0.39 points	0.82%	0.43%
Vibra Energia SA	FDEM +0.38 points	0.03%	0.41%
Falabella SA	FDEM +0.37 points	0.11%	0.48%
Industrial & Commercial Bank of China Ltd	ECON +0.37 points	1.09%	0.72%
Maruti Suzuki India Ltd	FDEM +0.34 points	0.33%	0.67%
State Bank of India	FDEM +0.33 points	0.11%	0.44%
Bank of Communications Co Ltd	FDEM +0.31 points	0.05%	0.36%
Asia Vital Components Co Ltd	ECON +0.28 points	0.58%	0.30%
Ctbc Financial Holding Co Ltd	ECON +0.26 points	0.86%	0.60%
Accton Technology Corp	ECON +0.24 points	0.49%	0.25%
Grupo Mexico Sab De Cv	FDEM +0.22 points	0.59%	0.81%
King Slide Works Co Ltd	ECON +0.22 points	0.40%	0.18%
Kia Corp	FDEM +0.20 points	0.37%	0.57%
Yuanta Financial Holding Co Ltd	ECON +0.20 points	0.70%	0.50%
Lg Corp	FDEM +0.19 points	0.06%	0.25%
Lite-On Technology Corp	ECON +0.18 points	0.37%	0.19%
Largan Precision Co Ltd	ECON +0.18 points	0.39%	0.21%
Bank of China Ltd	ECON +0.17 points	0.79%	0.62%
Hyundai Glovis Co Ltd	FDEM +0.16 points	0.07%	0.23%
Jentech Precision Industrial Co Ltd	ECON +0.16 points	0.39%	0.23%
Commercial International Bank - Egypt (Cib)	FDEM +0.15 points	0.13%	0.28%
Infosys Ltd	ECON +0.15 points	0.51%	0.36%
Grupo Cibest SA	FDEM +0.14 points	0.30%	0.44%
Chroma Ate Inc	ECON +0.13 points	0.37%	0.24%
Lenovo Group Ltd	ECON +0.12 points	0.36%	0.24%
International Games System Co Ltd	FDEM +0.11 points	0.06%	0.17%
Advantech Co Ltd	FDEM +0.11 points	0.04%	0.15%
China Life Insurance Co Ltd	ECON +0.10 points	0.38%	0.28%
Realtek Semiconductor Corp	ECON +0.08 points	0.24%	0.16%
Hitachi Energy India Ltd	FDEM +0.09 points	0.05%	0.14%
Zte Corp	FDEM +0.08 points	0.02%	0.10%
Vale SA	FDEM +0.08 points	0.62%	0.70%
Citic Ltd	FDEM +0.08 points	0.19%	0.27%
New China Life Insurance Co Ltd	FDEM +0.07 points	0.09%	0.16%
Woori Financial Group Inc	FDEM +0.08 points	0.39%	0.47%
Sk Telecom Co Ltd	FDEM +0.07 points	0.08%	0.15%
Hindustan Aeronautics Ltd	ECON +0.07 points	0.24%	0.17%
Wipro Ltd	FDEM +0.06 points	0.05%	0.11%
Astra International Tbk Pt	ECON +0.07 points	0.14%	0.07%
Hanmi Semiconductor Co Ltd	ECON +0.06 points	0.10%	0.04%
Novatek Microelectronics Corp	FDEM +0.05 points	0.10%	0.15%
Aspeed Technology Inc	FDEM +0.05 points	0.18%	0.23%
China Pacific Insurance Group Co Ltd	FDEM +0.05 points	0.16%	0.21%
Standard Bank Group Ltd	FDEM +0.04 points	0.44%	0.48%
Telekom Malaysia Bhd	ECON +0.04 points	0.20%	0.16%
Hon Precision Inc	ECON +0.04 points	0.20%	0.16%
Bharat Electronics Ltd	FDEM +0.04 points	0.14%	0.18%
Advanced Info Service Pcl	ECON +0.03 points	0.19%	0.16%
Samsung Sds Co Ltd	ECON +0.03 points	0.07%	0.04%
Ememory Technology Inc	FDEM +0.02 points	0.07%	0.09%
Tata Consultancy Services Ltd	FDEM +0.02 points	0.24%	0.26%
Hcl Technologies Ltd	ECON +0.02 points	0.20%	0.18%
Lotes Co Ltd	ECON +0.02 points	0.12%	0.10%
Telkom Indonesia Persero Tbk Pt	FDEM +0.01 points	0.11%	0.12%
Indus Towers Ltd	Same weight	0.16%	0.16%
Qatari Rial	ECON +0.01 points	<0.01%	0.00%
Gold Circuit Electronics Ltd	ECON +0.01 points	0.17%	0.16%
Picc Property & Casualty Co Ltd	Same weight	0.24%	0.24%
Czech Koruna	Same weight	0.00%	<0.01%
Lg Display Co Ltd	Same weight	0.01%	0.01%

All 211 ECON holdings⁠All 232 FDEM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ECON vs FDEM Cost

Overpaying ECON vs FDEM

$4,633

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ECON 0.49%
$9,792
FDEM 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

ECON 0.49%
FDEM 0.25%
Overpaying

Year by year

Year	ECON	FDEM	Overpaying
10	$883	$455	$428
20	$3,394	$1,769	$1,625
30	$9,792	$5,159	$4,633

Expense ratio

0.49%ECON
0.25%FDEM, cheaper

FDEM0.25%ECON0.49%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

FDEM 2nd cheapest of 20 funds

ECON 14th cheapest of 20 funds

ECON vs FDEM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ECON 1.50%; FDEM 3.49%, better
Payout (12M): ECON $0.48; FDEM $1.17
Last payment: ECON $0.48; FDEM $0.38
Ex-dividend: ECON Dec 18, 2025; FDEM Sep 18, 2026
Paid on: ECON Dec 26, 2025; FDEM Sep 22, 2026
Frequency: ECON Annual; FDEM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ECONAnnual · 9 paymentsAll ECON payments⁠

FDEMQuarterly · 32 paymentsAll FDEM payments⁠

ECON vs FDEM Risk

Fall from peak · 5 years

ECON
FDEM

Risk facts

VolatilityStd dev, 3 years: ECON 17.5%FDEM 13.8%, better
Return per unit of riskSharpe ratio, 3 years: ECON 0.87FDEM 1.08, better
Worst fallMax drawdown, 5 years: ECON −33.8%FDEM −24.2%, better
Market sensitivityBeta, 5 years: ECON 1.12FDEM 0.98; Market = 1

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