EMMF vs FDEM
WisdomTree Emerging Markets Multifactor Fund vs Fidelity Emerging Markets Multifactor ETF
Which is better, EMMF or FDEM?
Each has led over a different period.
FDEM has a lower expense ratio. EMMF led over 1Y, 5Y and the full window, FDEM over 3Y. The two have moved almost in lockstep, correlation 0.94. EMMF is less concentrated, with 29.5% of the fund in its ten largest positions against 34.7%.
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 | EMMF | FDEM |
|---|---|---|
| Expense Ratio | 0.48% | 0.27%Best |
| AUM | $181M | $591M |
| Dividend Yield | 1.89% | 3.27% |
| Holdings | 245 | 419 |
| YTD Return | +14.24%Best | +9.11% |
| 1Y Return | +20.30%Best | +14.24% |
| 3Y Return (annualized) | +18.36% | +18.63%Best |
| 5Y Return (annualized) | +9.46%Best | +8.83% |
| Volatility (annualized) | 14.2%Best | 15.6% |
| Max Drawdown | -33.3%Best | -33.6% |
| $10,000 over 5 years | $15,714Best | $15,267 |
| Top 10 Weight | 29.5%Best | 34.7% |
| Fund Family | WisdomTree Investments | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 10, 2018 | Feb 26, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Feb 28, 2019 to Oct 15, 2026 (7.6 years).
EMMF 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.
EMMF vs FDEM Performance
WisdomTree Emerging Markets Multifactor Fund (EMMF) is an ETF from WisdomTree Investments and Fidelity Emerging Markets Multifactor ETF (FDEM) is an ETF from Fidelity Investments (US). Over the past year EMMF returned +20.30% while FDEM returned +14.24%. Year to date, EMMF is up 14.24% versus a gain of 9.11% for FDEM.
Over three years, EMMF compounded at +18.36% per year against +18.63% for FDEM; over five years the annualized figures are +9.46% and +8.83% respectively. Across the full 8-year window we track, EMMF has the edge at +7.48% annualized vs +7.47%.
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 EMMF. 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 -33.3% for EMMF 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EMMF charges 0.48% per year while FDEM charges 0.27%. On a $10,000 position that is $48 vs $27 annually, a gap of $21 per year that compounds over a long holding period. On income, EMMF currently yields 1.89% against 3.27% for FDEM.
Holdings Overlap
39.5% of EMMF's money is in holdings FDEM also owns. 49.1% of FDEM's money is in holdings EMMF also owns.
The two portfolios partly overlap.
50 positions in common, counted across the 209 positions we hold weights for in EMMF and 204 in FDEM, against full books of 245 and 419.
What only one of them owns
Our book lists 1 positions for FDEM that do not appear in our book for EMMF (0.5% of the fund), and 14 for EMMF that do not appear in FDEM (7.0%).
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 EMMF | Weight in FDEM | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 7.92% | 12.21% | 4.29% |
| 005930:KRSamsung Electronics Co Ltd | 4.77% | 7.03% | 2.26% |
| 000660:KRSk Hynix Inc | 5.53% | 4.76% | 0.77% |
| 2454:TWMediaTek Inc ORD TWD10 | 1.19% | 1.60% | 0.41% |
| 2359:HKWuxi Apptec Co Ltd-h | 0.59% | 1.26% | 0.67% |
| FUNO11:MXFibra Uno Administracion Sa De Cv | 0.24% | 1.53% | 1.29% |
| 2059:TWKing Slide Works Co Ltd | 1.46% | 0.25% | 1.21% |
| 2308:TWDelta Electronics Inc | 0.76% | 0.72% | 0.04% |
| 0939:HKChina Construction Bank Corp Ord Hkd1 Cl H | 0.58% | 0.90% | 0.32% |
| SUNPHARMA:MBSun Pharmaceutical Industries | 0.31% | 1.11% | 0.80% |
49.1% of FDEM is already inside EMMF.
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, EMMF or FDEM?
EMMF has an expense ratio of 0.48% while FDEM charges 0.27%. FDEM is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, EMMF or FDEM?
Over the past year EMMF returned +20.30% vs +14.24% for FDEM, so EMMF leads on 1-year performance. Over the longest common window we track (8 years), EMMF annualized +7.48% vs +7.47% for FDEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMMF or FDEM?
FDEM has been the more volatile fund at 15.6% annualized versus 14.2% for EMMF. Worst drawdown: EMMF -33.3% vs FDEM -33.6%.
Should I hold both EMMF and FDEM?
EMMF 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 EMMF and FDEM?
49.1% of FDEM's money is in holdings EMMF also owns. 49.1% of FDEM's is in holdings EMMF also owns. They hold 50 positions in common, counted across the 209 positions we hold weights for in EMMF and 204 in FDEM.
Which pays a higher dividend, EMMF or FDEM?
EMMF yields 1.89% while FDEM yields 3.27%, so FDEM currently pays the higher dividend yield.
Is FDEM better than EMMF?
FDEM has a lower expense ratio. EMMF led over 1Y, 5Y and the full window, FDEM over 3Y. The two have moved almost in lockstep, correlation 0.94. EMMF is less concentrated, with 29.5% of the fund in its ten largest positions against 34.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.