FDEM Performance — Fidelity Emerging Markets Multifactor ETF
Data updated: 2026-09-23
FDEM returned +16.92% year to date and +29.25% over one year to Jul 2026. Annualised returns are +19.30% over 3 years and +9.96% over 5 years. Against its Emerging Markets Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $170, against $164 for the category, and to $129 over one year, against $134. Volatility over the past three years was 15.03% a year. In the 12 months to Jul 2026 the fund took in a net $297.9M, and assets reached $580.81M.
FDEM Growth of $100
What $100 invested in Fidelity Emerging Markets Multifactor ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | FDEM | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $129 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $170 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $161 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $185 | $188 |
FDEM Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.92% |
| 1 year | +29.25% |
| 3 years (annualised) | +19.30% |
| 5 years (annualised) | +9.96% |
FDEM Annual Returns
Calendar-year total returns of Fidelity Emerging Markets Multifactor ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +16.92% |
| 2025 | +25.77% |
| 2024 | +10.21% |
| 2023 | +16.66% |
| 2022 | −12.18% |
| 2021 | −3.09% |
| 2020 | +7.43% |
| 2019 (Aug–Dec) | +6.80% |
FDEM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.7% | +4.2% | −11.8% | +12.3% | +8.1% | −2.5% | −1.1% | — | — | — | — | — |
| 2025 | +1.4% | −2.3% | +1.0% | +1.2% | +4.2% | +5.4% | +2.2% | +1.5% | +5.2% | +2.5% | −1.3% | +2.3% |
| 2024 | −1.7% | +3.2% | +1.9% | +0.5% | +2.1% | +2.3% | +0.7% | +0.9% | +5.3% | −4.4% | −1.9% | +1.1% |
| 2023 | +4.0% | −3.4% | +2.5% | +1.8% | −3.2% | +3.5% | +5.9% | −3.0% | −0.1% | −4.1% | +7.8% | +4.5% |
| 2022 | +0.4% | −3.2% | −0.3% | −3.8% | +0.6% | −8.1% | −0.6% | +1.7% | −8.2% | −0.8% | +11.9% | −1.0% |
| 2021 | +0.8% | −0.3% | +0.6% | +2.9% | +1.4% | +0.3% | −5.3% | +1.3% | −3.8% | +0.4% | −3.0% | +2.0% |
| 2020 | −4.6% | −5.6% | −16.5% | +9.6% | +1.1% | +4.2% | +5.7% | −0.2% | −0.4% | +0.8% | +9.0% | +7.3% |
| 2019 | — | — | — | — | — | — | — | −3.2% | +1.7% | +3.9% | −1.5% | +6.1% |
FDEM Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.03%
- 3-year Sharpe ratio: 0.98 (vs 4.5% risk-free rate)
- Best month: +12.29% (Apr 2026)
- Worst month: −11.82% (Mar 2026)
FDEM Fund Flows
Monthly money in and out of Fidelity Emerging Markets Multifactor ETF, from SEC Form N-PORT.
- 12-month net flow: $297.9M
- 12-month gross sales (incl. reinvestments): $349.5M
- Sales ÷ redemptions: 6.78×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $0 | $0 | $0 |
| Jun 2026 | $1K | $0 | $1K |
| May 2026 | $58.8M | $0 | $58.8M |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $82.7M | $34.2M | $48.5M |
| Jan 2026 | $45.6M | $0 | $45.6M |
| Dec 2025 | $67.1M | $0 | $67.1M |
| Nov 2025 | $42.4M | $0 | $42.4M |
| Oct 2025 | $12.0M | $0 | $12.0M |
| Sep 2025 | $11.9M | $0 | $11.9M |
| Aug 2025 | $29.0M | $17.4M | $11.6M |
FDEM Assets Under Management
Net assets of Fidelity Emerging Markets Multifactor ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $580.81M |
| 2026-04-30 | $508.08M |
| 2026-01-31 | $448.11M |
| 2025-10-31 | $257.82M |
| 2025-07-31 | $203.74M |
| 2025-04-30 | $163.34M |
| 2025-01-31 | $123.36M |
| 2024-10-31 | $103.47M |
| 2024-07-31 | $77.07M |
| 2024-04-30 | $59.39M |
| 2024-01-31 | $32.94M |
| 2023-10-31 | $25.64M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.