EMC vs FDEM
Global X Emerging Markets Great Consumer ETF vs Fidelity Emerging Markets Multifactor ETF
Which is better, EMC or FDEM?
Each has led over a different period.
FDEM has a lower expense ratio. EMC led over 1Y, FDEM over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. FDEM is less concentrated, with 33.8% of the fund in its ten largest positions against 44.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EMC | FDEM |
|---|---|---|
| Expense Ratio | 0.65% | 0.25%Best |
| AUM | $52M | $499M |
| Dividend Yield | 0.61% | 3.45% |
| Holdings | 157 | 482 |
| YTD Return | +8.63%Best | +7.56% |
| 1Y Return | +12.00%Best | +8.91% |
| 3Y Return (annualized) | +13.99% | +17.71%Best |
| 5Y Return (annualized) | - | +8.53% |
| Volatility (annualized) | 16.1% | 13.8%Best |
| Max Drawdown | -18.4% | -16.0%Best |
| $10,000 over 3.5 years | $14,089 | $16,791Best |
| Top 10 Weight | 44.9% | 33.8%Best |
| Fund Family | Global X by mirae Asset | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 24, 2010 | Feb 26, 2019 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: May 15, 2023 to Nov 11, 2026 (3.5 years).
EMC vs FDEM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
EMC vs FDEM Performance
Global X Emerging Markets Great Consumer ETF (EMC) is an ETF from Global X by mirae Asset and Fidelity Emerging Markets Multifactor ETF (FDEM) is an ETF from Fidelity Investments (US). Over the past year EMC returned +12.00% while FDEM returned +8.91%. Year to date, EMC is up 8.63% versus a gain of 7.56% for FDEM.
Over three years, EMC compounded at +13.99% per year against +17.71% for FDEM. Across the full 4-year window we track, FDEM has the edge at +15.96% annualized vs +10.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMC has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 13.8% for FDEM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.4% for EMC and -16.0% for FDEM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EMC charges 0.65% per year while FDEM charges 0.25%. On a $10,000 position that is $65 vs $25 annually, a gap of $40 per year that compounds over a long holding period. On income, EMC currently yields 0.61% against 3.45% for FDEM.
Holdings Overlap
30.0% of EMC's money is in holdings FDEM also owns. 21.5% of FDEM's money is in holdings EMC also owns.
EMC and FDEM share little of their money.
10 positions in common, counted across the 68 positions we hold weights for in EMC and 207 in FDEM, against full books of 157 and 482.
What only one of them owns
Our book lists 3 positions for FDEM that do not appear in our book for EMC (0.6% of the fund), and 3 for EMC that do not appear in FDEM (1.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EMC | Weight in FDEM | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 13.72% | 12.77% | 0.95% |
| 000660:KRSk Hynix Inc Common Stock KRW 5000 | 3.57% | 3.51% | 0.06% |
| 2454:TWMediaTek Inc ORD TWD10 | 4.02% | 1.52% | 2.50% |
| 2308:TWDelta Electronics Inc | 2.50% | 0.74% | 1.76% |
| 0939:HKChina Construction Bank Corp Ord Hkd1 Cl H | 1.54% | 0.97% | 0.57% |
| EICHERMOT:MBEicher Motors Ltd | 1.20% | 0.69% | 0.51% |
| 9999:HKNetease Inc | 1.21% | 0.27% | 0.94% |
| 5274:TWAspeed Technology Inc | 1.00% | 0.21% | 0.79% |
| 009150:KRSamsung Electro-Mechanics Co L | 0.73% | 0.34% | 0.39% |
| OTPB:HUOtp Bank Plc | 0.47% | 0.48% | 0.01% |
30.0% of EMC is already inside FDEM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EMC or FDEM?
EMC has an expense ratio of 0.65% while FDEM charges 0.25%. FDEM is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, EMC or FDEM?
Over the past year EMC returned +12.00% vs +8.91% for FDEM, so EMC leads on 1-year performance. Over the longest common window we track (4 years), EMC annualized +10.29% vs +15.96% for FDEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMC or FDEM?
EMC has been the more volatile fund at 16.1% annualized versus 13.8% for FDEM. Worst drawdown: EMC -18.4% vs FDEM -16.0%.
Should I hold both EMC and FDEM?
EMC and FDEM have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EMC and FDEM?
30.0% of EMC's money is in holdings FDEM also owns. 21.5% of FDEM's is in holdings EMC also owns. They hold 10 positions in common, counted across the 68 positions we hold weights for in EMC and 207 in FDEM.
Which pays a higher dividend, EMC or FDEM?
EMC yields 0.61% while FDEM yields 3.45%, so FDEM currently pays the higher dividend yield.
Is FDEM better than EMC?
FDEM has a lower expense ratio. EMC led over 1Y, FDEM over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. FDEM is less concentrated, with 33.8% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.