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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)
$277,611
AUM
$21,954,710
Associated Index
Fidelity Emerging Markets Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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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 DFEM, AVEM, DFAE

FDEM
Fidelity Covington Trust - Fidelity Emerging Markets Multifactor ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
JHEM
John Hancock Investment Management LLC - John Hancock Multifactor Emerging Markets ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares

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

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DAVID

Copy David Swensen

Category

Classic, Copy the Greats

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDEM using Composer

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 -0.0326%. This is the percent change in the value of FDEM over the most recent 1-month period. The 3-month return on FDEM is 0.0036%. 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 0.1604%. 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 PID, DLS, and DXJ.

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

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

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.