FDEM vs EWD

Comparison between FIDELITY EMERGING MARKETS MULTIFACTOR ETF (FDEM, ETF) and ISHARES MSCI SWEDEN ETF (EWD, ETF).

5-Year PerformanceFDEM has outperformed EWD, delivering a return of +10.3% compared to +5.6%

FDEM vs EWD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDEM(ETF)	EWD(ETF)
Net Assets	$581M	$580M
Expense Ratio	0.25%	0.51%
Max Drawdown	34.04%	79.94%
Sharpe Ratio	1.11	0.82
5Y Beta	0.74	0.86
5Y Dividends CAGR	13.33%	13.13%

Net Assets

Winner

FDEM

$581M

EWD

$580M

Expense Ratio

Winner

FDEM

0.25%

EWD

0.51%

Max Drawdown

Winner

FDEM

34.04%

EWD

79.94%

Sharpe Ratio

Winner

FDEM

1.11

EWD

0.82

5Y Beta

Winner

FDEM

0.74

EWD

0.86

5Y Dividends CAGR

Winner

FDEM

13.33%

EWD

13.13%

FDEM vs EWD - Holdings Comparison

FDEM and EWD have 1 common holdings. Overlap is -0.28%

FDEM's top 25 holdings weight is 51.39%. EWD's top 25 holdings weight is 84.48%.

Rank	FDEM	EWD
#1	n/a (n/a) - 12.44%	INVESTOR AB CLASS B (n/a) - 9.64%
#2	SAMSUNG ELECTRONICS CO LTD (n/a) - 6.54%	SPOTIFY TECHNOLOGY SA (SPOT) - 9.12%
#3	SK HYNIX INC (n/a) - 4.65%	VOLVO AB CLASS B (VOLVF) - 7.55%
#4	TENCENT HOLDINGS LTD (n/a) - 3.30%	ATLAS COPCO AB CLASS A (n/a) - 6.87%
#5	n/a (n/a) - 1.70%	SANDVIK AB (n/a) - 4.90%
#6	n/a (n/a) - 1.63%	SKANDINAVISKA ENSKILDA BANKEN AB CLASS A (n/a) - 4.39%
#7	ORION CORP (SPIN CO) (n/a) - 1.52%	ASSA ABLOY AB CLASS B (n/a) - 4.26%
#8	n/a (n/a) - 1.42%	SWEDBANK AB CLASS A (n/a) - 4.19%
#9	EMAAR DEVELOPMENT PJSC ORDINARY SHARES (n/a) - 1.41%	ATLAS COPCO AB CLASS B (n/a) - 3.56%
#10	BRITANNIA INDUSTRIES LTD (n/a) - 1.31%	TELEFONAKTIEBOLAGET L M ERICSSON CLASS B (n/a) - 3.43%
#11	MEDIATEK INC (n/a) - 1.29%	SVENSKA HANDELSBANKEN AB CLASS A (n/a) - 2.76%
#12	n/a (n/a) - 1.26%	HEXAGON AB CLASS B (n/a) - 2.57%
#13	n/a (n/a) - 1.24%	SAAB AB CLASS B (n/a) - 2.54%
#14	HENGAN INTERNATIONAL GROUP CO LTD (n/a) - 1.22%	ESSITY AB CLASS B (n/a) - 2.15%
#15	PETROCHINA CO LTD CLASS H (n/a) - 1.17%	ALFA LAVAL AB (n/a) - 2.12%
#16	INNER MONGOLIA YITAI COAL CO LTD (n/a) - 1.14%	EQT AB ORDINARY SHARES (n/a) - 2.12%
#17	CHINA SHENHUA ENERGY CO LTD CLASS H (n/a) - 1.03%	EPIROC AB ORDINARY SHARES CLASS A (n/a) - 2.09%
#18	AVI LTD (n/a) - 1.02%	BOLIDEN AB (n/a) - 1.74%
#19	n/a (n/a) - 0.97%	TELIA COMPANY AB (n/a) - 1.35%
#20	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.91%	EVOLUTION AB (n/a) - 1.26%
#21	EXXARO RESOURCES LTD (n/a) - 0.90%	ADDTECH AB CLASS B (n/a) - 1.19%
#22	MAGYAR TELEKOM TELECOMMUNICATIONS PLC (n/a) - 0.86%	TELE2 AB CLASS B (n/a) - 1.19%
#23	COAL INDIA LTD (n/a) - 0.85%	SKANSKA AB CLASS B (n/a) - 1.18%
#24	HDFC BANK LTD (n/a) - 0.81%	SKF AB CLASS B (n/a) - 1.17%
#25	DELTA ELECTRONICS INC (n/a) - 0.80%	H & M HENNES & MAURITZ AB CLASS B (n/a) - 1.14%
Total Holdings	235	53

FDEM vs EWD - Historical Returns

Returns include dividend reinvestment.

Period	FDEM	EWD
1 month	+5.68%	+4.50%
3 months	-1.96%	+4.27%
6 months	+5.16%	+0.40%
1 year	+28.06%	+19.29%
5 years(CAGR)	+10.30%	+5.57%
10 years(CAGR)	N/A	+9.85%
Max(CAGR)	+8.63%	+6.87%

Winner

FDEM

+5.68%

EWD

+4.50%

FDEM

-1.96%

Winner

EWD

+4.27%

Winner

FDEM

+5.16%

EWD

+0.40%

Winner

FDEM

+28.06%

EWD

+19.29%

5Y(CAGR)

Winner

FDEM

+10.30%

EWD

+5.57%

10Y(CAGR)

FDEM

N/A

EWD

+9.85%

Max(CAGR)

Winner

FDEM

+8.63%

EWD

+6.87%

FDEM vs EWD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FDEM	EWD
2026	+15.77%	+10.77%
2025	+25.57%	+36.16%
2024	+10.29%	-1.94%
2023	+16.71%	+23.68%
2022	-13.41%	-28.45%
2021	-3.71%	+21.34%
2020	+7.21%	+18.94%
2019	+5.72%	+23.80%
2018	N/A	-13.43%
2017	N/A	+21.04%
2016	N/A	+4.52%
2015	N/A	-3.90%
2014	N/A	-5.97%
2013	N/A	+21.95%
2012	N/A	+19.94%
2011	N/A	-18.22%
2010	N/A	+31.31%
2009	N/A	+48.46%
2008	N/A	-46.58%
2007	N/A	-2.28%
2006	N/A	+38.19%
2005	N/A	+9.32%
2004	N/A	+34.96%
2003	N/A	+57.95%
2002	N/A	-31.32%
2001	N/A	-22.76%
2000	N/A	-27.76%
1999	N/A	+27.13%

FDEM vs EWD Drawdown Comparison

The maximum drawdown for FDEM was -33.65%, occurring on Mar 23, 2020. Recovery took 222 trading sessions.

The maximum drawdown for EWD was -75.34%, occurring on Oct 9, 2002. Recovery took 1668 trading sessions.

The current FDEM drawdown is -4.73%. The current EWD drawdown is -1.23%.

Rank	FDEM	EWD
#1	-33.65% Jan 17, 2020 - Dec 3, 2020	-75.34% Mar 3, 2000 - Oct 20, 2006
#2	-29.32% Feb 16, 2021 - May 15, 2024	-68.10% Jul 12, 2007 - Apr 21, 2011
#3	-16.03% Sep 26, 2024 - May 19, 2025	-42.26% Aug 13, 2021 - Feb 18, 2025
#4	-12.68% Feb 25, 2026 - Apr 30, 2026	-37.22% Feb 12, 2020 - Jul 17, 2020
#5	-11.30% Jun 2, 2026 - Jul 29, 2026	-36.19% May 2, 2011 - Mar 7, 2013
#6	-9.65% Apr 17, 2019 - Nov 4, 2019	-25.57% May 21, 2014 - May 2, 2017
#7	-7.69% Jul 12, 2024 - Sep 24, 2024	-23.30% Jan 24, 2018 - Jan 2, 2020
#8	-4.69% May 11, 2026 - May 26, 2026	-17.84% Mar 7, 2025 - May 13, 2025
#9	-4.56% Nov 7, 2019 - Dec 16, 2019	-14.49% Feb 27, 2026 - Aug 4, 2026
#10	-4.46% May 20, 2024 - Jul 11, 2024	-12.59% May 21, 2013 - Jul 23, 2013
#11	-4.36% Sep 17, 2025 - Oct 20, 2025	-9.09% Feb 26, 2007 - Mar 21, 2007
#12	-4.26% Nov 11, 2025 - Jan 2, 2026	-8.75% May 7, 2007 - Jul 6, 2007
#13	-4.01% Jan 26, 2021 - Feb 5, 2021	-8.18% Oct 12, 2020 - Nov 6, 2020
#14	-3.28% Jul 23, 2025 - Aug 12, 2025	-8.16% Sep 18, 2013 - Dec 30, 2013
#15	-2.70% Jan 28, 2026 - Feb 9, 2026	-7.82% Oct 27, 2025 - Dec 10, 2025

Correlation

Correlation between FDEM and EWD is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (1999 - 2026)

FDEM vs EWD dividend yield comparison.

Year	FDEM	EWD
2026	1.56%	2.22%
2025	3.23%	3.27%
2024	4.05%	1.77%
2023	4.41%	2.41%
2022	3.95%	3.68%
2021	2.71%	5.46%
2020	1.84%	0.98%
2019	2.39%	4.15%
2018	0.00%	5.17%
2017	0.00%	3.23%
2016	0.00%	3.91%
2015	0.00%	4.08%
2014	0.00%	3.92%
2013	0.00%	3.47%
2012	0.00%	3.03%
2011	0.00%	4.13%
2010	0.00%	1.77%
2009	0.00%	2.13%
2008	0.00%	8.23%
2007	0.00%	3.61%
2006	0.00%	1.05%
2005	0.00%	1.85%
2004	0.00%	0.70%
2003	0.00%	1.58%
2002	0.00%	1.28%
2001	0.00%	0.35%
2000	0.00%	30.15%
1999	0.00%	3.42%