FDEMvsNUEMETF Comparison
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Fidelity Emerging Markets Multifactor ETF (FDEM) and NuShares ESG Emerging Markets Equity ETF (NUEM) 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 0.36% for NUEM. FDEM is up 14.94% year-to-date (YTD) with +$96M in YTD flows. NUEM performs worse with 12.81% YTD performance, and +$100M in YTD flows. Run a side-by-side ETF comparison of FDEM and NUEM 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 NUEM 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 NUEM | -2.75%-4.50% | -0.82%-2.47% | +14.94%+12.81% | +17.18%+13.83% | +73.93%+67.26% | +59.09%+30.63% |
| Flows | FDEM NUEM | -$63M+$68M | -$56M+$93M | +$96M+$100M | +$212M+$104M | +$396M+$115M | +$406M+$248M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDEM NUEM | +18.59%+22.64% | +19.56%+21.97% | +15.32%+17.45% | +14.45%+17.37% |
| Max drawdown | FDEM NUEM | -6.80%-8.42% | -12.46%-12.67% | -13.80%-15.73% | -23.58%-33.97% |
| Max drawdown duration | FDEM NUEM | 37d36d | 64d115d | 225d244d | 848d1329d |
Trading data
FDEM | NUEM | |
Last sale 10/16/2026 at 1:30 PM | $34.15 | $39.81 |
| Previous close 10/15/2026 | $34.50 | $40.59 |
| 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 | NUEM | |
|---|---|---|
| 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 | NUEM | |
|---|---|---|
| Last price | $34.15 | $39.81 |
| 1D performance | -1.01% | -1.92% |
| AuM | $509.79 M | $457.38 M |
| E/R | 0.25% | 0.36% |
Characteristics
FDEM | NUEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Nuveen |
| Benchmark | Fidelity Emerging Markets Multifactor Index | MSCI TIAA ESG Emerging Markets Equity Index |
| N° of holdings | 182 | 177 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | June 7, 2017 |
| ESG | No | Yes |
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Exposure
Countries
FDEM
Taiwan
24.48%
China
17.3%
Republic of Korea
16.69%
India
11.69%
Other
29.83%
NUEM
Taiwan
28.79%
China
19.9%
Republic of Korea
19.4%
India
11.07%
Other
20.85%
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%
NUEM
Technology
41.14%
Finance
21.8%
Non-Energy Materi.
9.37%
Industrials
9.07%
Consumer Cyclical.
7.29%
Other
11.33%
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Diversification
FDEM
Total weight of top 15 holdings out of 15
40.64%
NUEM
Total weight of top 15 holdings out of 15
46.69%
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%
NUEM
Taiwan Semiconductor Manufacturing Co., Ltd.
16.28%
SK hynix, Inc.
6.81%
Tencent Holdings Ltd.
3.10%
Delta Electronics, Inc.
2.18%
China Construction Bank Corp.
2.00%
SK Square Co. Ltd.
1.84%
Samsung Electro-Mechanics Co., Ltd.
1.78%
United Microelectronics Corp.
1.73%
Industrial & Commercial Bank of China Ltd.
1.68%
Samsung SDI Co., Ltd.
1.67%
Asia Vital Components Co., Ltd.
1.64%
Cathay Financial Holdings Co., Ltd.
1.64%
King Slide Works Co., Ltd.
1.46%
Axis Bank Ltd.
1.45%
Lenovo Group Ltd.
1.43%
Frequently asked questions about FDEM and NUEM
How have the FDEM and NUEM ETFs performed in 2026?
As of October 16, 2026, FDEM is up 14.94% year-to-date (YTD), while NUEM has returned 12.81%. That puts FDEM better performer ahead so far this year.
Which ETF is attracting more investor money: FDEM or NUEM?
Year-to-date, the FDEM ETF saw +$96M in flows, compared to +$100M for NUEM.
Which ETF is more volatile: FDEM or NUEM?
Over the past year, FDEM had a volatility of 19.56%, while NUEM experienced 21.97%.
Which ETF is bigger: FDEM or NUEM?
As of October 16, 2026, FDEM holds $509.79 M in assets under management (AUM), while NUEM manages $457.38 M.
What sectors do the FDEM and NUEM ETFs invest in?
FDEM leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, NUEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the FDEM ETF and NUEM ETF?
FDEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. NUEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., SK hynix, Inc. and Tencent Holdings Ltd..
Which ETF is more diversified: FDEM or NUEM?
FDEM holds 182 securities with 40.64% of its assets in the top 15. NUEM has 187 securities and a top 15 weight of 46.69%.
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