FDEMvsGEMETF Comparison
VS
ETF 2
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
-1.26%
Fidelity Emerging Markets Multifactor ETF (FDEM) and Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) belong to the same industry segment: EM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. FDEM is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.59% for GEM. FDEM is up 14.94% year-to-date (YTD) with +$96M in YTD flows. GEM performs better with 17.1% YTD performance, and +$283M in YTD flows. Run a side-by-side ETF comparison of FDEM and GEM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FDEM vs GEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDEM GEM | -2.75%-3.80% | -0.82%-1.98% | +14.94%+17.10% | +17.18%+19.90% | +73.93%+78.84% | +59.09%+44.01% |
| Flows | FDEM GEM | -$63M- | -$56M+$46M | +$96M+$283M | +$212M+$314M | +$396M+$196M | +$406M+$65M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDEM GEM | +18.59%+22.13% | +19.56%+23.21% | +15.32%+17.52% | +14.45%+16.74% |
| Max drawdown | FDEM GEM | -6.80%-7.90% | -12.46%-13.50% | -13.80%-14.73% | -23.58%-31.24% |
| Max drawdown duration | FDEM GEM | 37d37d | 64d57d | 225d223d | 848d1301d |
Trading data
FDEM | GEM | |
Last sale 10/16/2026 at 1:30 PM | $34.15 | $48.02 |
| Previous close 10/15/2026 | $34.50 | $48.91 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FDEM | GEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FDEM | GEM | |
|---|---|---|
| Last price | $34.15 | $48.02 |
| 1D performance | -1.01% | -1.82% |
| AuM | $509.79 M | $1.68 B |
| E/R | 0.25% | 0.59% |
Characteristics
FDEM | GEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Goldman Sachs |
| Benchmark | Fidelity Emerging Markets Multifactor Index | Goldman Sachs ActiveBeta Emerging Markets Equity Index |
| N° of holdings | 182 | 718 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | September 25, 2015 |
| ESG | No | No |
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Exposure
Countries
FDEM
Taiwan
24.48%
China
17.3%
Republic of Korea
16.69%
India
11.69%
Other
29.83%
GEM
Taiwan
24.08%
Republic of Korea
18.43%
China
17.83%
India
9.88%
Other
29.78%
Sectors
FDEM
Technology
35.09%
Finance
21.78%
Non-Energy Materi.
10.89%
Consumer Cyclical.
8.31%
Energy
7.27%
Healthcare
7.26%
Other
9.4%
GEM
Technology
40.28%
Finance
19.88%
Other
39.85%
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Diversification
FDEM
Total weight of top 15 holdings out of 15
40.64%
GEM
Total weight of top 15 holdings out of 15
35.34%
Top 15 holdings
Data as of August 31, 2026
FDEM
Taiwan Semiconductor Manufacturing Co., Ltd.
12.13%
Samsung Electronics Co., Ltd.
7.16%
SK hynix, Inc.
4.46%
China Resources Mixc Lifestyle Services Ltd.
1.93%
MediaTek, Inc.
1.82%
Emaar Development PJSC
1.75%
Fibra Uno Administración SA de CV
1.56%
Bumrungrad Hospital Public Co., Ltd.
1.41%
WuXi AppTec Co., Ltd.
1.38%
Petróleo Brasileiro SA
1.35%
Sun Pharmaceutical Industries Ltd.
1.22%
Gold Fields Ltd.
1.17%
Aurobindo Pharma Ltd.
1.14%
Sinopharm Group Co., Ltd.
1.09%
PetroChina Co., Ltd.
1.09%
GEM
Taiwan Semiconductor Manufacturing Co., Ltd.
13.94%
Samsung Electronics Co., Ltd.
6.54%
SK hynix, Inc.
4.36%
Tencent Holdings Ltd.
2.59%
Alibaba Group Holding Ltd.
1.68%
MediaTek, Inc.
1.32%
Samsung Electronics Co., Ltd.
0.84%
China Construction Bank Corp.
0.74%
Delta Electronics, Inc.
0.67%
ICICI Bank Ltd.
0.47%
Samsung Electro-Mechanics Co., Ltd.
0.47%
HDFC Bank Ltd.
0.47%
Hon Hai Precision Industry Co., Ltd.
0.46%
King Slide Works Co., Ltd.
0.39%
Reliance Industries Ltd.
0.39%
Frequently asked questions about FDEM and GEM
How have the FDEM and GEM ETFs performed in 2026?
As of October 16, 2026, FDEM is up 14.94% year-to-date (YTD), while GEM has returned 17.1%. That puts GEM better performer ahead so far this year.
Which ETF is attracting more investor money: FDEM or GEM?
Year-to-date, the FDEM ETF saw +$96M in flows, compared to +$283M for GEM.
Which ETF is more volatile: FDEM or GEM?
Over the past year, FDEM had a volatility of 19.56%, while GEM experienced 23.21%.
Which ETF is bigger: FDEM or GEM?
As of October 16, 2026, FDEM holds $509.79 M in assets under management (AUM), while GEM manages $1.68 B.
What sectors do the FDEM and GEM ETFs invest in?
FDEM leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, GEM focuses on Technology and Finance.
What are the top holdings of the FDEM ETF and GEM ETF?
FDEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. GEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: FDEM or GEM?
FDEM holds 182 securities with 40.64% of its assets in the top 15. GEM has 740 securities and a top 15 weight of 35.34%.
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