FDEM vs VOO
Fidelity Emerging Markets Multifactor ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FDEM delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FDEM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $581M | $997.4B | |
| Dividend Yield | 3.00% | 1.08% | |
| Holdings | 208 | 509 | |
| YTD Return | +13.98% | +14.27% | |
| 1Y Return | +24.59% | +21.79% | |
| 3Y Return (annualized) | +20.72% | +22.19% | |
| 5Y Return (annualized) | +9.83% | +13.28% | |
| Volatility (annualized) | 15.6% | 14.2% | |
| Max Drawdown | -33.6% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2019 | Sep 7, 2010 |
FDEM vs VOO Performance
Fidelity Emerging Markets Multifactor ETF (FDEM) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FDEM returned +24.59% while VOO returned +21.79%. Year to date, FDEM is up 13.98% versus a gain of 14.27% for VOO.
Over three years, FDEM compounded at +20.72% per year against +22.19% for VOO; over five years the annualized figures are +9.83% and +13.28% respectively. Across the full 8-year window we track, VOO has the edge at +13.59% annualized vs +8.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDEM has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.2% for VOO. 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 -33.6% for FDEM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDEM charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, FDEM currently yields 3.00% against 1.08% for VOO.
Holdings Overlap
FDEM and VOO share 0 holdings out of 704 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDEM or VOO?
FDEM has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FDEM or VOO?
Over the past year FDEM returned +24.59% vs +21.79% for VOO, so FDEM leads on 1-year performance. Over the longest common window we track (8 years), FDEM annualized +8.28% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, FDEM or VOO?
FDEM has been the more volatile fund at 15.6% annualized versus 14.2% for VOO. Worst drawdown: FDEM -33.6% vs VOO -34.3%.
Should I hold both FDEM and VOO?
FDEM and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDEM and VOO?
FDEM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 704 unique securities.
Which pays a higher dividend, FDEM or VOO?
FDEM yields 3.00% while VOO yields 1.08%, so FDEM currently pays the higher dividend yield.
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