FDEMvsIEMGETF Comparison
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Fidelity Emerging Markets Multifactor ETF (FDEM) belongs to the EM Large & Mid Cap segment. iShares Core MSCI Emerging Markets ETF (IEMG) is part of the EM Blended Cap segment. FDEM's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, IEMG's top sector exposures are Technology, Finance and Non-Energy Materials. FDEM is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.09% for IEMG. FDEM is up 18.8% year-to-date (YTD) with +$160M in YTD flows. IEMG performs better with 22.56% YTD performance, and +$13.53B in YTD flows. Run a side-by-side ETF comparison of FDEM and IEMG 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 IEMG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDEM IEMG | +2.53%+4.09% | -3.95%-4.51% | +18.80%+22.56% | +28.77%+35.38% | +76.84%+80.75% | +60.46%+46.81% |
| Flows | FDEM IEMG | +$7M+$1.45B | +$7M+$2.38B | +$160M+$13.53B | +$293M+$23.30B | +$460M+$33.98B | +$469M+$44.20B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDEM IEMG | +23.53%+30.24% | +19.29%+22.37% | +15.20%+17.31% | +14.38%+17.34% |
| Max drawdown | FDEM IEMG | -10.37%-14.04% | -12.46%-14.04% | -13.80%-16.06% | -25.07%-33.35% |
| Max drawdown duration | FDEM IEMG | 92d72d | 64d72d | 225d223d | 916d1368d |
Trading data
FDEM | IEMG | |
Last sale 9/3/2026 at 1:34 PM | $36.29 | $81.57 |
| Previous close 09/02/2026 | $36.28 | $81.93 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FDEM | IEMG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:34 PM
Live
Closed
FDEM | IEMG | |
|---|---|---|
| Last price | $36.29 | $81.57 |
| 1D performance | +0.03% | -0.44% |
| AuM | $597.24 M | $161.18 B |
| E/R | 0.25% | 0.09% |
Characteristics
FDEM | IEMG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | iShares |
| Benchmark | Fidelity Emerging Markets Multifactor Index | MSCI Emerging Markets IMI Index |
| N° of holdings | 185 | 2742 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | October 18, 2012 |
| ESG | No | No |
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Exposure
Countries
FDEM
China
22.81%
Taiwan
21.14%
Republic of Korea
18.02%
India
9.26%
Other
28.77%
IEMG
Taiwan
25.65%
China
18.76%
Republic of Korea
17.07%
India
13.54%
Other
24.98%
Sectors
FDEM
Technology
36.48%
Finance
24.02%
Consumer Non-Cycl.
9.74%
Consumer Cyclical.
8.78%
Energy
8.11%
Other
12.87%
IEMG
Technology
39.11%
Finance
22.18%
Non-Energy Materi.
7.56%
Other
31.15%
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Diversification
FDEM
Total weight of top 15 holdings out of 15
42.34%
IEMG
Total weight of top 15 holdings out of 15
34.06%
Top 15 holdings
Data as of July 31, 2026
FDEM
Taiwan Semiconductor Manufacturing Co., Ltd.
11.93%
Samsung Electronics Co., Ltd.
6.33%
SK hynix, Inc.
4.38%
Tencent Holdings Ltd.
3.25%
Fibra Uno Administración SA de CV
1.88%
ORION Corp. (Korea)
1.68%
China Resources Mixc Lifestyle Services Ltd.
1.67%
Kimberly-Clark de México SAB de CV
1.60%
MediaTek, Inc.
1.58%
Emaar Development PJSC
1.53%
Britannia Industries Ltd.
1.40%
Petróleo Brasileiro SA
1.33%
Hengan International Group Co., Ltd.
1.30%
Inner Mongolia Yitai Coal Co., Ltd.
1.27%
PetroChina Co., Ltd.
1.20%
IEMG
Taiwan Semiconductor Manufacturing Co., Ltd.
13.10%
Samsung Electronics Co., Ltd.
5.27%
SK hynix, Inc.
3.98%
Tencent Holdings Ltd.
2.90%
Alibaba Group Holding Ltd.
1.87%
MediaTek, Inc.
1.13%
China Construction Bank Corp.
0.79%
Delta Electronics, Inc.
0.72%
HDFC Bank Ltd.
0.69%
Hon Hai Precision Industry Co., Ltd.
0.68%
Samsung Electronics Co., Ltd.
0.66%
Reliance Industries Ltd.
0.64%
ICICI Bank Ltd.
0.62%
Xiaomi Corp.
0.53%
Industrial & Commercial Bank of China Ltd.
0.50%
Frequently asked questions about FDEM and IEMG
How have the FDEM and IEMG ETFs performed in 2026?
As of September 2, 2026, FDEM is up 18.8% year-to-date (YTD), while IEMG has returned 22.56%. That puts IEMG better performer ahead so far this year.
Which ETF is attracting more investor money: FDEM or IEMG?
Year-to-date, the FDEM ETF saw +$160M in flows, compared to +$13.53B for IEMG.
Which ETF is more volatile: FDEM or IEMG?
Over the past year, FDEM had a volatility of 19.29%, while IEMG experienced 22.37%.
Which ETF is bigger: FDEM or IEMG?
As of September 2, 2026, FDEM holds $597.24 M in assets under management (AUM), while IEMG manages $161.18 B.
What sectors do the FDEM and IEMG ETFs invest in?
FDEM leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, IEMG focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the FDEM ETF and IEMG ETF?
FDEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. IEMG 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 IEMG?
FDEM holds 185 securities with 42.34% of its assets in the top 15. IEMG has 2813 securities and a top 15 weight of 34.06%.
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