FEMSvsEEMSETF Comparison
ETF 1
FEMS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF
This fund is part of
EM Small Cap
+0.2%
VS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF (FEMS) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS) belong to the same industry segment: EM Small Cap. FEMS's top 3 sector exposures are Non-Energy Materials, Technology and Finance. In contrast, EEMS's top sector exposures are Technology, Finance and Industrials. FEMS is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.72% for EEMS. FEMS is down -0.3% year-to-date (YTD) with -$37M in YTD flows. EEMS performs better with 7.21% YTD performance, and -$64M in YTD flows. Run a side-by-side ETF comparison of FEMS and EEMS 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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FEMS vs EEMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEMS EEMS | -6.90%-4.53% | -4.33%+2.48% | -0.30%+7.21% | +1.23%+6.48% | +28.07%+48.60% | +24.37%+33.07% |
| Flows | FEMS EEMS | -- | -$30M+$8M | -$37M-$64M | -$58M-$64M | -$155M-$73M | +$47M-$108M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEMS EEMS | +20.36%+16.26% | +16.78%+17.96% | +14.64%+14.49% | +15.10%+14.33% |
| Max drawdown | FEMS EEMS | -13.24%-9.02% | -14.41%-12.97% | -18.81%-19.38% | -21.32%-27.00% |
| Max drawdown duration | FEMS EEMS | 17d22d | 175d170d | 348d250d | 290d842d |
Trading data
FEMS | EEMS | |
Last sale 10/29/2026 at 1:30 PM | $40.41 | $70.62 |
| Previous close 10/28/2026 | $41.42 | $71.56 |
| Consolidated volume 10/28/2026 | ||
| 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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FEMS | EEMS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
FEMS | EEMS | |
|---|---|---|
| Last price | $40.41 | $70.62 |
| 1D performance | -2.44% | -1.31% |
| AuM | $202.65 M | $365.89 M |
| E/R | 0.8% | 0.72% |
Characteristics
FEMS | EEMS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Emerging Markets Small Cap Index | MSCI Emerging Markets Small Cap Index |
| N° of holdings | 172 | 1668 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 15, 2012 | August 16, 2011 |
| ESG | No | No |
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Exposure
Countries
FEMS
Taiwan
21.86%
Turkey
13.65%
China
8.35%
Brazil
8%
Other
48.14%
EEMS
Taiwan
26.52%
India
20.96%
Republic of Korea
14.63%
Other
37.89%
Sectors
FEMS
Non-Energy Materi.
15.59%
Technology
14.27%
Finance
10.88%
Consumer Non-Cycl.
10.25%
Industrials
7.83%
Consumer Cyclical.
7.46%
Other
33.72%
EEMS
Technology
23.33%
Finance
16.85%
Industrials
14.25%
Non-Energy Materi.
13.5%
Healthcare
8.54%
Consumer Non-Cycl.
7.65%
Other
15.88%
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Diversification
FEMS
Total weight of top 15 holdings out of 15
17.93%
EEMS
Total weight of top 15 holdings out of 15
6.78%
Top 15 holdings
Data as of August 31, 2026
FEMS
ITEQ Corp.
2.91%
Holy Stone Enterprise Co., Ltd.
1.67%
Reysas Gayrimenkul Yatirim Ortakligi AS
1.18%
Topoint Technology Co., Ltd.
1.16%
ChipMOS Technologies, Inc.
1.09%
Kaori Heat Treatment Co., Ltd.
1.09%
AmTRAN Technology Co., Ltd.
1.08%
IRPC Public Co., Ltd.
1.05%
Regional Container Lines Public Co. Ltd.
1.03%
C Sun Mfg Ltd.
0.97%
Nexa Resources SA
0.97%
Ruentex Industries Ltd.
0.95%
JHSF Participações SA
0.95%
TAIFLEX Scientific Co., Ltd.
0.94%
Hyprop Investments Ltd.
0.89%
EEMS
BlackRock Cash Funds - Treasury
0.75%
Taiwan Union Technology Corp.
0.65%
LandMark Optoelectronics Corp.
0.55%
Kinsus Interconnect Technology Corp.
0.51%
Nan Ya Printed Circuit Board Corp
0.50%
Compeq Manufacturing Co., Ltd.
0.48%
Powerchip Semiconductor Manufacturing Corp.
0.44%
Tripod Technology Corp.
0.43%
Macronix International Co., Ltd.
0.40%
Coforge Ltd.
0.39%
United Integrated Services Co., Ltd.
0.36%
Powertech Technology, Inc.
0.35%
eMemory Technology, Inc.
0.34%
WinWay Technology Co., Ltd.
0.32%
Samsung E&A Co., Ltd.
0.31%
Frequently asked questions about FEMS and EEMS
How have the FEMS and EEMS ETFs performed in 2026?
As of October 28, 2026, FEMS is down -0.3% year-to-date (YTD), while EEMS has returned 7.21%. That puts EEMS better performer ahead so far this year.
Which ETF is attracting more investor money: FEMS or EEMS?
Year-to-date, the FEMS ETF saw -$37M in flows, compared to -$64M for EEMS.
Which ETF is more volatile: FEMS or EEMS?
Over the past year, FEMS had a volatility of 16.78%, while EEMS experienced 17.96%.
Which ETF is bigger: FEMS or EEMS?
As of October 28, 2026, FEMS holds $202.65 M in assets under management (AUM), while EEMS manages $365.89 M.
What sectors do the FEMS and EEMS ETFs invest in?
FEMS leans toward sectors like Non-Energy Materials, Technology and Finance. Meanwhile, EEMS focuses on Technology, Finance and Industrials.
What are the top holdings of the FEMS ETF and EEMS ETF?
FEMS top holdings include ITEQ Corp., Holy Stone Enterprise Co., Ltd. and Reysas Gayrimenkul Yatirim Ortakligi AS. EEMS holds in its top three: BlackRock Cash Funds - Treasury, Taiwan Union Technology Corp. and LandMark Optoelectronics Corp..
Which ETF is more diversified: FEMS or EEMS?
FEMS holds 172 securities with 17.93% of its assets in the top 15. EEMS has 1682 securities and a top 15 weight of 6.78%.
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Latest news about FEMS & EEMS
Examining Opportunities Within the Emerging Market Equities Universe
October 12, 2023
EEMS
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