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FFEM vs WCME

Fidelity Fundamental Emerging Markets ETF

FFEMACboe

First Trust WCM Developing World Equity ETF

WCMEDNYSE Arca

Overlap

Expense ratio

FFEM −0.35pt a year

FFEM0.60%WCME0.95%

Avg volume · 30D

FFEM 1.4×the volume

FFEM14.2KWCME9.97K

FFEM vs WCME Performance

Oct 31, 2025 – Oct 30, 2026

+15.5%FFEM−0.2%WCME

Oct 31, 2025 to Oct 30, 2026. FFEM +15.5%. WCME −0.2%. Use the arrow keys to read each point.−10%10%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
FFEM 0.60%, better
WCME 0.95%
Fund size
FFEM $67M
WCME $36M
1Y total return
FFEM +15.5%, better
WCME −0.2%
Yield (12M)
FFEM 1.71%, better
WCME 0.38%
Holdings
FFEM 120
WCME 44
Avg volume (30D)
FFEM 14.2K sh, better
WCME 9.97K sh
NAV per share
FFEM $38.12
WCME $17.42
52W range

ETF.net Grade

FFEM: Cost 88, Risk 54, Mission not scored, Tradability 76, Holdings 63, Durability 68. WCME: Cost 7, Risk 56, Mission not scored, Tradability 60, Holdings 49, Durability 65.
Pillar letters and Scores for FFEM, WCME, with each pillar’s weight
PillarFFEMWCME
Cost30% weightA88HigherF7
Mission25% weightNot scoredNot scored
Risk15% weightC54B56Higher
Tradability15% weightA76HigherB60
Holdings10% weightB63HigherC49
Durability5% weightB68HigherB65

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 WCME 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 WCME 7th 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 6DBGEGBaillie Gifford Emerging Markets ETFScore 39
  5. Rank 7DWCMEFirst Trust WCM Developing World Equity ETFScore 36
  6. Rank 8DMEMSMatthews Emerging Markets Discovery Active ETF MEMSScore 34

Our read on each fund

ETF.net Research

FFEMAFidelity Fundamental Emerging Markets ETF

WCMEDFirst Trust WCM Developing World Equity ETF

In short

FFEM No data

WCME Emerging markets with conviction: roughly 30 stocks hand-picked by boutique manager WCM, with frontier names in bounds. Built to look nothing like a broad developing-world index fund.

Stated mandate

FFEM No data

WCME The Fund seeks long-term capital appreciation. It normally invests at least 80% of its net assets in equity securities of companies located in developing countries, using WCM’s bottom-up fundamental research process.

Why people hold it

FFEM No data

  • WCME Genuinely active: about 30 holdings chosen by bottom-up fundamental research, not index weights. Real concentration, not closet indexing with a higher fee.
  • Wide mandate: at least 80% of net assets in developing-country equities, with frontier markets inside the lines and no market-cap box.sec.gov
  • Full opportunity set. Peers like EMM and PEMX screen China out by rule; here China exposure is a stock-by-stock decision the manager makes.
  • The 0.95% expense ratio sits right at the median for its active emerging-markets peer group: the going rate for stock-picking, not a surcharge.

Worth knowing

FFEM No data

  • WCME Cheaper active EM options exist. EMM charges 0.66% and PEMX 0.70% against this fund's 0.95%, and fees compound whatever the market does.
  • Small and thinly traded, so bid-ask spreads tend to be wider than a mega-fund's and sizeable orders need more care at the open and close.
  • Concentration cuts both ways: with about 30 developing and frontier holdings, single stocks and single countries move it more than a broad tracker. It launched in 2020, so the record is short.

Full FFEM profile⁠

Full WCME profile⁠

FFEM vs WCME 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 WCME Cost

Overpaying WCME vs FFEM

$6,052

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

  • FFEM 0.60%

    $11,817

  • WCME 0.95%

    $17,869

$10,000
30 years

Cost over time

  • FFEM 0.60%
  • WCME 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WCME $17,869FFEM $11,817

Year by year

YearFFEMWCMEOverpaying
10$1,076$1,678$602
20$4,116$6,322$2,206
30$11,817$17,869$6,052

Expense ratio

  • 0.60%FFEM, cheaper
  • 0.95%WCME
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

FFEM cheapest of 9 funds

WCME 9th cheapest of 9 funds

FFEM vs WCME Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FFEM 1.71%, better
WCME 0.38%
Payout (12M)
FFEM $0.64
WCME $0.07
Last payment
FFEM $0.19
WCME $0.05
Ex-dividend
FFEM Sep 18, 2026
WCME Jun 25, 2026
Paid on
FFEM Sep 22, 2026
WCME Jun 30, 2026
Frequency
FFEM Quarterly
WCME Twice a year

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$0.202026YTD
WCMETwice a year · 4 paymentsAll WCME payments⁠
One bar per payment. 4 payments from 2024 to 2026 YTD. Dec 13, 2024 $0.07; Jun 26, 2025 $0.10; Dec 12, 2025 $0.01; Jun 25, 2026 $0.05. Use the arrow keys to read each point.$0$0.202026YTD

FFEM vs WCME 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 2024WCME 18.1%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
FFEM 1.10since Dec 2024WCME 0.55since Nov 2024
Worst fallMax drawdown, 5 years
FFEM −16.6%since Nov 2024WCME −15.7%since Oct 2024
Market sensitivityBeta, 5 years
FFEM 1.02WCME 0.99

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