FDEM vs RFEM
Fidelity Emerging Markets Multifactor ETF vs First Trust RiverFront Dynamic Emerging Markets ETF
Which is better, FDEM or RFEM?
RFEM has been ahead.
FDEM has a lower expense ratio. RFEM led over 1Y and the full window. 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 | FDEM | RFEM |
|---|---|---|
| Expense Ratio | 0.27%Best | 0.99% |
| AUM | $591M | $84M |
| Dividend Yield | 3.27% | 2.51% |
| Holdings | 419 | 119 |
| Volatility (annualized) | 15.6%Best | 17.4% |
| Max Drawdown | -33.6%Best | -36.0% |
| $10,000 over 7.5 years | $18,337 | $19,779Best |
| Top 10 Weight | 34.7%Best | 38.4% |
| Fund Family | Fidelity Investments (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 26, 2019 | Jun 14, 2016 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 33 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FDEM has data through Oct 14, 2026 and RFEM through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 7.5 years row, are measured over the window both funds cover: Feb 28, 2019 to Sep 11, 2026 (7.5 years).
Risk: Volatility and Drawdowns
RFEM has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.6% 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 -33.6% for FDEM and -36.0% for RFEM. 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
FDEM charges 0.27% per year while RFEM charges 0.99%. On a $10,000 position that is $27 vs $99 annually, a gap of $72 per year that compounds over a long holding period. On income, FDEM currently yields 3.27% against 2.51% for RFEM.
Holdings Overlap
8.1% of FDEM's money is in holdings RFEM also owns. 21.0% of RFEM's money is in holdings FDEM also owns.
RFEM and FDEM share little of their money.
18 positions in common, counted across the 204 positions we hold weights for in FDEM and 111 in RFEM, against full books of 419 and 119.
What only one of them owns
Our book lists 9 positions for RFEM that do not appear in our book for FDEM (6.8% of the fund), and 2 for FDEM that do not appear in RFEM (0.5%).
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 FDEM | Weight in RFEM | Difference |
|---|---|---|---|
| 2454:TWMediatek, Inc. | 1.60% | 6.60% | 5.00% |
| 000270:KRKia Corp | 0.62% | 2.56% | 1.94% |
| 1398:HKIndustrial And Commercial Bank Of China Ltd Class H | 0.67% | 2.09% | 1.42% |
| 3653:TWJentech Precision Industrial Co Ltd | 0.18% | 1.74% | 1.56% |
| VALE3:BVVale Sa | 0.90% | 0.96% | 0.06% |
| 3711:TWAse Technology Holding Co Lt | 0.53% | 0.92% | 0.39% |
| 2020:SASabic Agri-Nutrients Company | 0.71% | 0.49% | 0.22% |
| ACPP:PLAsseco Poland Sa | 0.44% | 0.75% | 0.31% |
| 2379:TWRealtek Semiconductor Corp | 0.14% | 1.02% | 0.88% |
| BBSE3:BVBb Seguridade Participacoes Sa | 0.31% | 0.69% | 0.38% |
21.0% of RFEM 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, FDEM or RFEM?
FDEM has an expense ratio of 0.27% while RFEM charges 0.99%. FDEM is the cheaper option, by $72 a year on a $10,000 investment.
Which is riskier, FDEM or RFEM?
RFEM has been the more volatile fund at 17.4% annualized versus 15.6% for FDEM. Worst drawdown: FDEM -33.6% vs RFEM -36.0%.
Should I hold both FDEM and RFEM?
FDEM and RFEM 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 FDEM and RFEM?
21.0% of RFEM's money is in holdings FDEM also owns. 21.0% of RFEM's is in holdings FDEM also owns. They hold 18 positions in common, counted across the 204 positions we hold weights for in FDEM and 111 in RFEM.
Which pays a higher dividend, FDEM or RFEM?
FDEM yields 3.27% while RFEM yields 2.51%, so FDEM currently pays the higher dividend yield.
Is RFEM better than FDEM?
FDEM has a lower expense ratio. RFEM led over 1Y and the full window. 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.