DBEM vs FDEM
Xtrackers MSCI Emerging Markets Hedged Equity ETF vs Fidelity Emerging Markets Multifactor ETF
Which is better, DBEM or FDEM?
Each has led over a different period.
FDEM has a lower expense ratio. DBEM led over 1Y, 3Y and the full window, FDEM over 5Y. The two have moved almost in lockstep, correlation 0.93. FDEM is less concentrated, with 34.7% of the fund in its ten largest positions against 38.4%.
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 | DBEM | FDEM |
|---|---|---|
| Expense Ratio | 0.66% | 0.27%Best |
| AUM | $108M | $591M |
| Dividend Yield | 2.14% | 3.27% |
| Holdings | 2,304 | 419 |
| YTD Return | +16.22%Best | +9.80% |
| 1Y Return | +25.31%Best | +16.35% |
| 3Y Return (annualized) | +22.07%Best | +18.90% |
| 5Y Return (annualized) | +8.80% | +9.12%Best |
| Volatility (annualized) | 15.1%Best | 15.5% |
| Max Drawdown | -33.5%Best | -33.6% |
| $10,000 over 5 years | $15,246 | $15,471Best |
| Top 10 Weight | 38.4% | 34.7%Best |
| Fund Family | Xtrackers ETFs | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 9, 2011 | Feb 26, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Feb 28, 2019 to Oct 14, 2026 (7.6 years).
DBEM 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 7.6 years both funds cover.
DBEM vs FDEM Performance
Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) is an ETF from Xtrackers ETFs and Fidelity Emerging Markets Multifactor ETF (FDEM) is an ETF from Fidelity Investments (US). Over the past year DBEM returned +25.31% while FDEM returned +16.35%. Year to date, DBEM is up 16.22% versus a gain of 9.80% for FDEM.
Over three years, DBEM compounded at +22.07% per year against +18.90% for FDEM; over five years the annualized figures are +8.80% and +9.12% respectively. Across the full 8-year window we track, DBEM has the edge at +8.77% annualized vs +7.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDEM has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.1% for DBEM. 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 -33.5% for DBEM and -33.6% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DBEM charges 0.66% per year while FDEM charges 0.27%. On a $10,000 position that is $66 vs $27 annually, a gap of $39 per year that compounds over a long holding period. On income, DBEM currently yields 2.14% against 3.27% for FDEM.
Holdings Overlap
44.7% of DBEM's money is in holdings FDEM also owns. 76.1% of FDEM's money is in holdings DBEM also owns.
Most of FDEM is already inside DBEM. Owning both mostly buys the same companies twice.
123 positions in common, counted across the 1,136 positions we hold weights for in DBEM and 204 in FDEM, against full books of 2,304 and 419.
What only one of them owns
Our book lists 0 positions for FDEM that do not appear in our book for DBEM (0.1% of the fund), and 9 for DBEM that do not appear in FDEM (1.0%).
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 DBEM | Weight in FDEM | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 15.83% | 12.21% | 3.62% |
| 005930:KRSamsung Electronics Co Ltd | 7.41% | 7.03% | 0.38% |
| 000660:KRSk Hynix Inc | 5.62% | 4.76% | 0.86% |
| 2454:TWMediaTek Inc ORD TWD10 | 1.74% | 1.60% | 0.14% |
| PETR4:BVPetroleo Brasileiro Sa (Preference) | 0.40% | 1.48% | 1.08% |
| 1209:HKChina Resources Mixc Lifestyle Services Ltd | 0.03% | 1.74% | 1.71% |
| 0939:HKChina Construction Bank Corp Ord Hkd1 Cl H | 0.82% | 0.90% | 0.08% |
| EMAARDEV:AEEmaar Development Pjsc | 0.03% | 1.68% | 1.65% |
| 2308:TWDelta Electronics Inc | 0.96% | 0.72% | 0.24% |
| FUNO11:MXFibra Uno Administracion Sa De Cv | 0.03% | 1.53% | 1.50% |
76.1% of FDEM is already inside DBEM.
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, DBEM or FDEM?
DBEM has an expense ratio of 0.66% while FDEM charges 0.27%. FDEM is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, DBEM or FDEM?
Over the past year DBEM returned +25.31% vs +16.35% for FDEM, so DBEM leads on 1-year performance. Over the longest common window we track (8 years), DBEM annualized +8.77% vs +7.56% for FDEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DBEM or FDEM?
FDEM has been the more volatile fund at 15.5% annualized versus 15.1% for DBEM. Worst drawdown: DBEM -33.5% vs FDEM -33.6%.
Should I hold both DBEM and FDEM?
DBEM and FDEM have a monthly-return correlation of 0.93, 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 DBEM and FDEM?
76.1% of FDEM's money is in holdings DBEM also owns. 76.1% of FDEM's is in holdings DBEM also owns. They hold 123 positions in common, counted across the 1,136 positions we hold weights for in DBEM and 204 in FDEM.
Which pays a higher dividend, DBEM or FDEM?
DBEM yields 2.14% while FDEM yields 3.27%, so FDEM currently pays the higher dividend yield.
Is FDEM better than DBEM?
FDEM has a lower expense ratio. DBEM led over 1Y, 3Y and the full window, FDEM over 5Y. The two have moved almost in lockstep, correlation 0.93. FDEM is less concentrated, with 34.7% of the fund in its ten largest positions against 38.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.