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FFEM vs PEMX

Fidelity Fundamental Emerging Markets ETF

FFEMACboe

Putnam Emerging Markets Ex-China ETF

PEMXCNYSE Arca

Overlap

Expense ratio

FFEM −0.10pt a year

FFEM0.60%PEMX0.70%

Avg volume · 30D

FFEM 10.1×the volume

FFEM14.2KPEMX1.41K

FFEM vs PEMX Performance

Oct 31, 2025 – Oct 30, 2026

+15.5%FFEM+23.2%PEMX

Oct 31, 2025 to Oct 30, 2026. FFEM +15.5%. PEMX +23.2%. Use the arrow keys to read each point.0%30%40%50%Oct 2025Apr 2026Oct 2026
Expense ratio
FFEM 0.60%, better
PEMX 0.70%
Fund size
FFEM $67M
PEMX $30M
1Y total return
FFEM +15.5%
PEMX +23.2%, better
Yield (12M)
FFEM 1.71%
PEMX 5.83%, better
Holdings
FFEM 120
PEMX 55
Avg volume (30D)
FFEM 14.2K sh, better
PEMX 1.41K sh
NAV per share
FFEM $38.12
PEMX $78.33
52W range

ETF.net Grade

FFEM: Cost 88, Risk 54, Mission not scored, Tradability 76, Holdings 63, Durability 68. PEMX: Cost 58, Risk 52, Mission 100, Tradability 19, Holdings 43, Durability 63.
Pillar letters and Scores for FFEM, PEMX, with each pillar’s weight
PillarFFEMPEMX
Cost30% weightA88HigherB58
Mission25% weightNot scoredA100
Risk15% weightC54HigherC52
Tradability15% weightA76HigherF19
Holdings10% weightB63HigherC43
Durability5% weightB68HigherB63

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 PEMX 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 PEMX 4th 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 4CPEMXPutnam Emerging Markets Ex-China ETFScore 47
  5. Rank 5CBCEMBaron Emerging Markets Select ETFScore 41

Our read on each fund

ETF.net Research

FFEMAFidelity Fundamental Emerging Markets ETF

PEMXCPutnam Emerging Markets Ex-China ETF

In short

FFEM No data

PEMX China swamps most emerging-market funds. PEMX cuts it out entirely and runs an active, roughly 60-stock book across the rest of the developing world, priced well below the typical active EM manager.

Stated mandate

FFEM No data

PEMX The fund seeks long-term capital appreciation. It invests primarily in emerging-market common stocks outside China and Hong Kong, using active fundamental research to identify companies with favorable investment potential.

Why people hold it

FFEM No data

  • PEMX 0.70% a year against a 0.95% median for its active peer group. Cheap freight for a stock-picking mandate.
  • About 60 names, not 600. Concentrated enough that the managers' calls actually show up in the portfolio.
  • Does what the label says: an ex-China portfolio measured against the MSCI Emerging Markets ex-China Index, with no China drift in the holdings.franklintempleton.com
  • Trading since 2023 under Franklin Templeton, and it sits in the upper half of the small group of active EM ex-China funds we track.

Worth knowing

FFEM No data

  • PEMX Not the cheapest door into ex-China: Global X's EMM charges 0.66%.
  • Small and thinly traded. Spreads can widen, so limit orders do the heavy lifting.
  • Zero China by design, so results diverge from a broad EM fund and any China sleeve has to come from somewhere else.franklintempleton.com

Full FFEM profile⁠

Full PEMX profile⁠

FFEM vs PEMX 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 PEMX Cost

Overpaying PEMX vs FFEM

$1,789

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

  • FFEM 0.60%

    $11,817

  • PEMX 0.70%

    $13,606

$10,000
30 years

Cost over time

  • FFEM 0.60%
  • PEMX 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PEMX $13,606FFEM $11,817

Year by year

YearFFEMPEMXOverpaying
10$1,076$1,250$174
20$4,116$4,760$644
30$11,817$13,606$1,789

Expense ratio

  • 0.60%FFEM, cheaper
  • 0.70%PEMX
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

FFEM cheapest of 9 funds

PEMX 4th cheapest of 9 funds

FFEM vs PEMX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FFEM 1.71%
PEMX 5.83%, better
Payout (12M)
FFEM $0.64
PEMX $4.50
Last payment
FFEM $0.19
PEMX $4.50
Ex-dividend
FFEM Sep 18, 2026
PEMX Dec 19, 2025
Paid on
FFEM Sep 22, 2026
PEMX Dec 23, 2025
Frequency
FFEM Quarterly
PEMX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

FFEMQuarterly · 8 paymentsAll FFEM payments⁠
One bar per payment. 8 payments from 2023 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$520232026YTD
PEMXAnnual · 3 paymentsAll PEMX payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.33; Dec 27, 2024 $2.57; Dec 19, 2025 $4.50. Use the arrow keys to read each point.$0$520232026YTD

FFEM vs PEMX 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 2024PEMX 19.8%
Return per unit of riskSharpe ratio, 3 years
FFEM 1.10since Dec 2024PEMX 1.21
Worst fallMax drawdown, 5 years
FFEM −16.6%since Nov 2024PEMX −19.0%since May 2023
Market sensitivityBeta, 5 years
FFEM 1.02PEMX 1.18

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