FEMSvsEWXETF Comparison
ETF 1
FEMS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF
This fund is part of
EM Small Cap
+0.21%
VS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF (FEMS) and State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) belong to the same industry segment: EM Small Cap. FEMS's top 3 sector exposures are Non-Energy Materials, Technology and Finance. In contrast, EWX's top sector exposures are Technology, Non-Energy Materials and Finance. FEMS is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.65% for EWX. FEMS is down -0.06% year-to-date (YTD) with -$37M in YTD flows. EWX performs better with 4.38% YTD performance, and -$142M in YTD flows. Run a side-by-side ETF comparison of FEMS and EWX 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 EWX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEMS EWX | -6.68%-4.68% | -5.52%+0.61% | -0.06%+4.38% | +1.24%+3.06% | +28.50%+41.68% | +23.13%+31.90% |
| Flows | FEMS EWX | -- | -$30M-$30M | -$37M-$142M | -$58M-$109M | -$155M-$345M | +$47M-$153M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEMS EWX | +20.55%+14.46% | +16.78%+16.58% | +14.64%+14.57% | +15.11%+13.88% |
| Max drawdown | FEMS EWX | -13.24%-9.18% | -14.41%-13.39% | -18.81%-20.16% | -21.32%-23.95% |
| Max drawdown duration | FEMS EWX | 16d49d | 174d128d | 348d267d | 290d836d |
Trading data
FEMS | EWX | |
Last sale 10/29/2026 at 1:47 PM | $40.65 | $67.78 |
| Previous close 10/27/2026 | $41.42 | $67.50 |
| Consolidated volume 10/27/2026 | ||
| 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 | EWX | |
|---|---|---|
| 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 1:47 PM
Live
Closed
FEMS | EWX | |
|---|---|---|
| Last price | $40.65 | $67.78 |
| 1D performance | -1.86% | +0.42% |
| AuM | $203.14 M | $631.75 M |
| E/R | 0.8% | 0.65% |
Characteristics
FEMS | EWX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | State Street Investment Management |
| Benchmark | NASDAQ AlphaDEX Emerging Markets Small Cap Index | S&P Emerging Markets Under USD2 Billion Index |
| N° of holdings | 172 | 2896 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 15, 2012 | May 12, 2008 |
| ESG | No | No |
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Exposure
Countries
FEMS
Taiwan
21.86%
Turkey
13.65%
China
8.35%
Brazil
8%
Other
48.14%
EWX
Taiwan
31.51%
India
17.44%
China
14.54%
Other
36.51%
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%
EWX
Technology
24.03%
Non-Energy Materi.
15.62%
Finance
13.56%
Industrials
12.89%
Other
33.9%
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Diversification
FEMS
Total weight of top 15 holdings out of 15
17.93%
EWX
Total weight of top 15 holdings out of 15
6.05%
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%
EWX
LandMark Optoelectronics Corp.
0.79%
Kinsus Interconnect Technology Corp.
0.64%
Macronix International Co., Ltd.
0.60%
WinWay Technology Co., Ltd.
0.46%
Katilimevim Tasarruf Finansman AS
0.44%
Win Semiconductors Corp.
0.44%
ITEQ Corp.
0.34%
Co-Tech Development Corp.
0.31%
ADATA Technology Co., Ltd.
0.31%
AP Memory Technology Corp.
0.30%
Innodisk Corp.
0.30%
Syntec Technology Co. Ltd.
0.29%
Pan African Resources Plc
0.28%
Holy Stone Enterprise Co., Ltd.
0.28%
Chipbond Technology Corp.
0.28%
Frequently asked questions about FEMS and EWX
How have the FEMS and EWX ETFs performed in 2026?
As of October 27, 2026, FEMS is down -0.06% year-to-date (YTD), while EWX has returned 4.38%. That puts EWX better performer ahead so far this year.
Which ETF is attracting more investor money: FEMS or EWX?
Year-to-date, the FEMS ETF saw -$37M in flows, compared to -$142M for EWX.
Which ETF is more volatile: FEMS or EWX?
Over the past year, FEMS had a volatility of 16.78%, while EWX experienced 16.58%.
Which ETF is bigger: FEMS or EWX?
As of October 27, 2026, FEMS holds $203.14 M in assets under management (AUM), while EWX manages $631.75 M.
What sectors do the FEMS and EWX ETFs invest in?
FEMS leans toward sectors like Non-Energy Materials, Technology and Finance. Meanwhile, EWX focuses on Technology, Non-Energy Materials and Finance.
What are the top holdings of the FEMS ETF and EWX ETF?
FEMS top holdings include ITEQ Corp., Holy Stone Enterprise Co., Ltd. and Reysas Gayrimenkul Yatirim Ortakligi AS. EWX holds in its top three: LandMark Optoelectronics Corp., Kinsus Interconnect Technology Corp. and Macronix International Co., Ltd..
Which ETF is more diversified: FEMS or EWX?
FEMS holds 172 securities with 17.93% of its assets in the top 15. EWX has 2911 securities and a top 15 weight of 6.05%.
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Latest news about FEMS & EWX
Examining Opportunities Within the Emerging Market Equities Universe
October 12, 2023
EWX
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