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ETFs

Fidelity Emerging Markets Multifactor ETF

FDEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 26, 2019
Expense Ratio
0.45%
Type
Global Ex. US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$106,487
AUM
$26,954,836
Associated Index
Fidelity Emerging Markets Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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1.27%
Invest with FDEM

What is FDEM?

Fidelity Emerging Markets Multifactor ETF invests at least 80% of its assets in securities included in the Fidelity Emerging Markets Multifactor Index and in depository receipts representing securities included in the index. The Fidelity Emerging Markets Multifactor Index is designed to reflect the performance of stocks of large- and mid-capitalization emerging markets companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader emerging markets equity market, and lower correlation to the U.S. equity market. Effective December 1, 2020, "Fidelity Targeted Emerging Markets Factor ETF" is renamed Fidelity Emerging Markets Multifactor ETF and the fund s underlying index, Fidelity Targeted Emerging Markets Factor Index, is renamed Fidelity Emerging Markets Multifactor Index.

ETFs related toFDEM

ETFs correlated to FDEM include DFAE, AVEM, DFEM

FDEM
Fidelity Covington Trust - Fidelity Emerging Markets Multifactor ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
EMGF
BlackRock Institutional Trust Company N.A. - iShares Emerging Markets Equity Factor ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFDEM

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FDEM using Composer

News Related to FDEM

Fidelity Adds 3 ETFs To Factor Lineup

Mar 1, 2019 • by ETF Professor
Read

FAQ

FDEM is a Global Ex. US Equities ETF. Fidelity Emerging Markets Multifactor ETF invests at least 80% of its assets in securities included in the Fidelity Emerging Markets Multifactor Index and in depository receipts representing securities included in the index. The Fidelity Emerging Markets Multifactor Index is designed to reflect the performance of stocks of large- and mid-capitalization emerging markets companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader emerging markets equity market, and lower correlation to the U.S. equity market. Effective December 1, 2020, "Fidelity Targeted Emerging Markets Factor ETF" is renamed Fidelity Emerging Markets Multifactor ETF and the fund s underlying index, Fidelity Targeted Emerging Markets Factor Index, is renamed Fidelity Emerging Markets Multifactor Index.

FDEM tracks the Fidelity Emerging Markets Multifactor Index.

No, FDEM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDEM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDEM is 0.0166%. This is the percent change in the value of FDEM over the most recent 1-month period. The 3-month return on FDEM is 0.0413%. This is the percent change in the value of FDEM over the most recent 3-month period.

The standard deviation of FDEM for the past year is 0.1492%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDEM include DGS, DFIV, and DXJ.

ETFs correlated to FDEM include DFAE, AVEM, and DFEM.

ETFs that are inversely correlated to FDEM include EDZ, YANG, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.