FDEMvsMFEMETF Comparison
VS
ETF 2
MFEM
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
This fund is part of
Uncategorized Equities
-1.19%
Fidelity Emerging Markets Multifactor ETF (FDEM) belongs to the EM Large & Mid Cap segment. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is part of the Uncategorized Equities segment. FDEM's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, MFEM's top sector exposures are Technology, Finance and Non-Energy Materials. FDEM is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.5% for MFEM. FDEM is up 20.3% year-to-date (YTD) with +$160M in YTD flows. MFEM performs better with 25.6% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of FDEM and MFEM 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 MFEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDEM MFEM | +3.82%+6.92% | -2.01%-4.95% | +20.30%+25.60% | +30.39%+36.35% | +79.08%+75.58% | +62.18%+49.46% |
| Flows | FDEM MFEM | +$7M+$6M | +$7M+$6M | +$160M+$16M | +$293M+$20M | +$460M+$15M | +$469M-$246M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDEM MFEM | +23.46%+27.36% | +19.28%+20.74% | +15.18%+15.88% | +14.37%+15.49% |
| Max drawdown | FDEM MFEM | -10.37%-16.28% | -12.46%-16.28% | -13.80%-17.06% | -25.07%-30.59% |
| Max drawdown duration | FDEM MFEM | 91d91d | 64d91d | 225d247d | 916d1115d |
Trading data
FDEM | MFEM | |
Last sale 9/2/2026 at 5:16 PM | $36.20 | $28.77 |
| Previous close 09/01/2026 | $36.14 | $28.77 |
| Consolidated volume 09/01/2026 | ||
| 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 | MFEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 5:16 PM
Live
Closed
FDEM | MFEM | |
|---|---|---|
| Last price | $36.20 | $28.77 |
| 1D performance | +0.15% | -0.02% |
| AuM | $604.77 M | $159.06 M |
| E/R | 0.25% | 0.5% |
Characteristics
FDEM | MFEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | PIMCO |
| Benchmark | Fidelity Emerging Markets Multifactor Index | RAFI Dynamic Multi-Factor Emerging Markets Index |
| N° of holdings | 185 | 658 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | August 31, 2017 |
| 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%
MFEM
Taiwan
24.89%
China
24.31%
Republic of Korea
18.76%
Other
32.04%
Sectors
FDEM
Technology
36.48%
Finance
24.02%
Consumer Non-Cycl.
9.74%
Consumer Cyclical.
8.78%
Energy
8.11%
Other
12.87%
MFEM
Technology
29.9%
Finance
18.14%
Non-Energy Materi.
14.42%
Energy
8.77%
Industrials
8.56%
Other
20.21%
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Diversification
FDEM
Total weight of top 15 holdings out of 15
42.34%
MFEM
Total weight of top 15 holdings out of 15
22.6%
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%
MFEM
ASE Technology Holding Co., Ltd.
2.48%
MediaTek, Inc.
2.15%
Delta Electronics, Inc.
2.04%
Hyundai Motor Co.
1.89%
Samsung Electro-Mechanics Co., Ltd.
1.51%
Lenovo Group Ltd.
1.43%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.39%
SK hynix, Inc.
1.39%
Accton Technology Corp.
1.31%
Petróleo Brasileiro SA
1.25%
Samsung Electronics Co., Ltd.
1.25%
Hon Hai Precision Industry Co., Ltd.
1.19%
PetroChina Co., Ltd.
1.16%
Nan Ya Plastics Corp.
1.12%
Ping An Insurance (Group) Co. of China Ltd.
1.04%
Frequently asked questions about FDEM and MFEM
How have the FDEM and MFEM ETFs performed in 2026?
As of September 1, 2026, FDEM is up 20.3% year-to-date (YTD), while MFEM has returned 25.6%. That puts MFEM better performer ahead so far this year.
Which ETF is attracting more investor money: FDEM or MFEM?
Year-to-date, the FDEM ETF saw +$160M in flows, compared to +$16M for MFEM.
Which ETF is more volatile: FDEM or MFEM?
Over the past year, FDEM had a volatility of 19.28%, while MFEM experienced 20.74%.
Which ETF is bigger: FDEM or MFEM?
As of September 1, 2026, FDEM holds $604.77 M in assets under management (AUM), while MFEM manages $159.06 M.
What sectors do the FDEM and MFEM ETFs invest in?
FDEM leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, MFEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the FDEM ETF and MFEM ETF?
FDEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. MFEM holds in its top three: ASE Technology Holding Co., Ltd., MediaTek, Inc. and Delta Electronics, Inc..
Which ETF is more diversified: FDEM or MFEM?
FDEM holds 185 securities with 42.34% of its assets in the top 15. MFEM has 659 securities and a top 15 weight of 22.6%.
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