EMCS vs FDEM
Xtrackers MSCI Emerging Markets Select ETF vs Fidelity Emerging Markets Multifactor ETF
Which is better, EMCS or FDEM?
Each has led over a different period.
EMCS has a lower expense ratio. EMCS led over 1Y, 3Y and the full window, FDEM over 5Y. The two have moved almost in lockstep, correlation 0.92. FDEM is less concentrated, with 34.7% of the fund in its ten largest positions against 52.8%.
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 | EMCS | FDEM |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.27% |
| AUM | $1.1B | $591M |
| Dividend Yield | 1.45% | 3.27% |
| Holdings | 134 | 419 |
| YTD Return | +21.87%Best | +9.80% |
| 1Y Return | +32.15%Best | +16.35% |
| 3Y Return (annualized) | +26.63%Best | +18.90% |
| 5Y Return (annualized) | +8.24% | +9.12%Best |
| Volatility (annualized) | 19.0% | 15.5%Best |
| Max Drawdown | -44.9% | -33.6%Best |
| $10,000 over 5 years | $14,857 | $15,471Best |
| Top 10 Weight | 52.8% | 34.7%Best |
| Fund Family | Xtrackers ETFs | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 4, 2018 | 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).
EMCS 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.
EMCS vs FDEM Performance
Xtrackers MSCI Emerging Markets Select ETF (EMCS) is an ETF from Xtrackers ETFs and Fidelity Emerging Markets Multifactor ETF (FDEM) is an ETF from Fidelity Investments (US). Over the past year EMCS returned +32.15% while FDEM returned +16.35%. Year to date, EMCS is up 21.87% versus a gain of 9.80% for FDEM.
Over three years, EMCS compounded at +26.63% per year against +18.90% for FDEM; over five years the annualized figures are +8.24% and +9.12% respectively. Across the full 8-year window we track, EMCS has the edge at +8.79% annualized vs +7.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMCS has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.5% 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 -44.9% for EMCS 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EMCS charges 0.15% per year while FDEM charges 0.27%. On a $10,000 position that is $15 vs $27 annually, a gap of $12 per year that compounds over a long holding period. On income, EMCS currently yields 1.45% against 3.27% for FDEM.
Holdings Overlap
55.0% of EMCS's money is in holdings FDEM also owns. 33.6% of FDEM's money is in holdings EMCS also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 63 positions we hold weights for in EMCS and 204 in FDEM, against full books of 134 and 419.
What only one of them owns
Our book lists 2 positions for FDEM that do not appear in our book for EMCS (0.5% of the fund), and 1 for EMCS 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 EMCS | Weight in FDEM | Difference |
|---|---|---|---|
| 2330:TWTsmc | 19.18% | 12.21% | 6.97% |
| 005930:KRSamsung Electronics (Equity) | 10.06% | 7.03% | 3.03% |
| 000660:KRSk Hynix Inc Common Stock KRW 5000 | 7.53% | 4.76% | 2.77% |
| 2454:TWMediaTek Inc ORD TWD10 | 2.52% | 1.60% | 0.92% |
| 0939:HKChina Construction Bank Corp Ord Hkd1 Cl H | 1.64% | 0.90% | 0.74% |
| FUNO11:MXFibra Uno Administracion Sa De | 0.83% | 1.53% | 0.70% |
| 2308:TWDelta Electronics Inc | 1.47% | 0.72% | 0.75% |
| 2885:TWYuanta Financial Holding Co Ltd | 1.60% | 0.46% | 1.14% |
| 2891:TWCtbc Financial Holding Co Ltd Ord Twd10 | 1.35% | 0.51% | 0.84% |
| 1398:HKIndustrial & Commercial Bank Manufacturing & . Ltd. | 1.19% | 0.67% | 0.52% |
55.0% of EMCS 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, EMCS or FDEM?
EMCS has an expense ratio of 0.15% while FDEM charges 0.27%. EMCS is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, EMCS or FDEM?
Over the past year EMCS returned +32.15% vs +16.35% for FDEM, so EMCS leads on 1-year performance. Over the longest common window we track (8 years), EMCS annualized +8.79% vs +7.56% for FDEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMCS or FDEM?
EMCS has been the more volatile fund at 19.0% annualized versus 15.5% for FDEM. Worst drawdown: EMCS -44.9% vs FDEM -33.6%.
Should I hold both EMCS and FDEM?
EMCS and FDEM have a monthly-return correlation of 0.92, 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 EMCS and FDEM?
55.0% of EMCS's money is in holdings FDEM also owns. 33.6% of FDEM's is in holdings EMCS also owns. They hold 18 positions in common, counted across the 63 positions we hold weights for in EMCS and 204 in FDEM.
Which pays a higher dividend, EMCS or FDEM?
EMCS yields 1.45% while FDEM yields 3.27%, so FDEM currently pays the higher dividend yield.
Is FDEM better than EMCS?
EMCS has a lower expense ratio. EMCS led over 1Y, 3Y and the full window, FDEM over 5Y. The two have moved almost in lockstep, correlation 0.92. FDEM is less concentrated, with 34.7% of the fund in its ten largest positions against 52.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.