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FFEM vs MEMS

Fidelity Fundamental Emerging Markets ETF

FFEMACboe

Matthews Emerging Markets Discovery Active ETF MEMS

MEMSDNasdaq

Overlap

Expense ratio

FFEM −0.29pt a year

FFEM0.60%MEMS0.89%

Avg volume · 30D

FFEM 13.3×the volume

FFEM14.2KMEMS1.07K

FFEM vs MEMS Performance

Oct 31, 2025 – Oct 30, 2026

+15.5%FFEM+1.6%MEMS

Oct 31, 2025 to Oct 30, 2026. FFEM +15.5%. MEMS +1.6%. Use the arrow keys to read each point.−10%10%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
FFEM 0.60%, better
MEMS 0.89%
Fund size
FFEM $67M
MEMS $20M
1Y total return
FFEM +15.5%, better
MEMS +1.6%
Yield (12M)
FFEM 1.71%
MEMS 2.65%, better
Holdings
FFEM 120
MEMS 82
Avg volume (30D)
FFEM 14.2K sh, better
MEMS 1.07K sh
NAV per share
FFEM $38.12
MEMS $28.09
52W range

ETF.net Grade

FFEM: Cost 88, Risk 54, Mission not scored, Tradability 76, Holdings 63, Durability 68. MEMS: Cost 17, Risk 46, Mission not scored, Tradability 28, Holdings 78, Durability 47.
Pillar letters and Scores for FFEM, MEMS, with each pillar’s weight
PillarFFEMMEMS
Cost30% weightA88HigherF17
Mission25% weightNot scoredNot scored
Risk15% weightC54HigherC46
Tradability15% weightA76HigherD28
Holdings10% weightB63A78Higher
Durability5% weightB68HigherC47

Rank among Emerging Markets Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FFEM and MEMS are both graded against the same 9 Emerging Markets Active Growth funds, so their Grades compare head to head.

Emerging Markets Active Growth⁠

Category · 9 funds
See all 9 ›

FFEM ranks 2nd and MEMS 8th of 9 funds in the Emerging Markets Active Growth Category.

  1. Rank 1ACGNGCapital Group New Geography Equity ETFScore 77
  2. Rank 2AFFEMFidelity Fundamental Emerging Markets ETFScore 74
  3. Rank 3CEMMGlobal X Emerging Markets ex-China ETFScore 53
  4. Rank 7DWCMEFirst Trust WCM Developing World Equity ETFScore 36
  5. Rank 8DMEMSMatthews Emerging Markets Discovery Active ETF MEMSScore 34
  6. Rank 9DTEMXTouchstone Capital Emerging Markets Ex China Growth ETFScore 31

Our read on each fund

ETF.net Research

FFEMAFidelity Fundamental Emerging Markets ETF

MEMSDMatthews Emerging Markets Discovery Active ETF MEMS

In short

FFEM No data

MEMS Most emerging-markets funds are a bet on a handful of giants. MEMS shops the other end of the shelf: an active portfolio with at least 65% in small emerging-market companies, at 0.89% net of a waiver through April 30, 2027.

Stated mandate

FFEM No data

MEMS The fund invests primarily in stocks of small companies located in emerging-market countries, with at least 65% of net assets in small companies and at least 80% in emerging-market companies.

Why people hold it

FFEM No data

  • MEMS The small-cap tilt is contractual: at least 65% of net assets in small companies, at least 80% in emerging-market companies, measured against the MSCI EM Small Cap benchmark.sec.govmatthewsasia.com
  • Matthews hunts capital-efficient, entrepreneurial companies with pricing power or differentiated technology, leaning toward businesses that serve rising domestic demand.matthewsasia.com
  • Portfolio build is the strongest part of the package: dozens of small-cap names spread across emerging markets instead of a few oversized bets.matthewsasia.com

Worth knowing

FFEM No data

  • MEMS At 0.89% net of a waiver through April 30, 2027 (0.99% gross), it prices above the category median; active EM peers FFEM (0.60%) and CGNG (0.64%) charge less.
  • A small, lightly traded fund since its January 2024 launch, so spreads can be wide and limit orders do real work.
  • Distributions land once or twice a year, not monthly, and EM small caps stack currency and local-market swings on top of ordinary emerging-market risk.

Full FFEM profile⁠

Full MEMS profile⁠

FFEM vs MEMS 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.

FFEM vs MEMS Cost

Overpaying MEMS vs FFEM

$5,055

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

  • FFEM 0.60%

    $11,817

  • MEMS 0.89%

    $16,872

$10,000
30 years

Cost over time

  • FFEM 0.60%
  • MEMS 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MEMS $16,872FFEM $11,817

Year by year

YearFFEMMEMSOverpaying
10$1,076$1,576$500
20$4,116$5,953$1,837
30$11,817$16,872$5,055

Expense ratio

  • 0.60%FFEM, cheaper
  • 0.89%MEMS
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

FFEM cheapest of 9 funds

MEMS 8th cheapest of 9 funds

FFEM vs MEMS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FFEM 1.71%
MEMS 2.65%, better
Payout (12M)
FFEM $0.64
MEMS $0.72
Last payment
FFEM $0.19
MEMS $0.72
Ex-dividend
FFEM Sep 18, 2026
MEMS Dec 17, 2025
Paid on
FFEM Sep 22, 2026
MEMS Dec 22, 2025
Frequency
FFEM Quarterly
MEMS Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

FFEMQuarterly · 8 paymentsAll FFEM payments⁠
One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 20, 2024 $0.04; Mar 21, 2025 $0.07; Jun 20, 2025 $0.17; Sep 19, 2025 $0.09; Dec 19, 2025 $0.20; Mar 20, 2026 $0.09; Jun 18, 2026 $0.17; Sep 18, 2026 $0.19. Use the arrow keys to read each point.$0$0.502026YTD
MEMSIrregular · 2 paymentsAll MEMS payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.33; Dec 17, 2025 $0.72. Use the arrow keys to read each point.$0$0.502026YTD

FFEM vs MEMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FFEM 19.5%since Dec 2024MEMS 17.6%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
FFEM 1.10since Dec 2024MEMS 0.07since Feb 2024
Worst fallMax drawdown, 5 years
FFEM −16.6%since Nov 2024MEMS −22.2%since Jan 2024
Market sensitivityBeta, 5 years
FFEM 1.02MEMS 0.75

Popular comparisons

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    Expense ratio
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