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FSMD vs FDEM

Fidelity Small-Mid Multifactor ETF vs Fidelity Emerging Markets Multifactor ETF

FSMD

Fidelity Small-Mid Multifactor ETF

Annual cost

0.15%

Fund size

$2.4B

FDEM

Fidelity Emerging Markets Multifactor ETF

Annual cost

0.25%

Fund size

$608M

Key differences

Both FSMD and FDEM are equity ETFs. FSMD charges 0.15% a year and FDEM 0.25%. The main difference: FSMD covers North America; FDEM covers emerging markets.

  • FSMD covers North America; FDEM covers emerging markets.
  • FSMD costs 0.10% less per year.
  • FSMD is much larger than FDEM. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, FDEM has delivered higher annualized returns.

Side-by-side comparison

FSMDFDEM
Annual cost (TER)0.15%0.25%
Fund size (AUM)$2.4B$608M
Since20192019
Dividend yield1.22%2.70%
Asset classequityequity
Regionnorth americaemerging markets
Strategyindex trackingindex tracking
CAGR 1Y+23.0%+32.5%
CAGR 3Y+17.5%+21.2%
CAGR 5Y+9.4%+8.1%
Sharpe 3Y0.811.04
Volatility 1Y15.43%18.54%
Max drawdown-40.67%-33.65%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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