FDEM vs LQDH

Comparison between FIDELITY EMERGING MARKETS MULTIFACTOR ETF (FDEM, ETF) and ISHARES INTEREST RATE HEDGED CORPORATE BOND ETF (LQDH, ETF).

5-Year PerformanceFDEM has outperformed LQDH, delivering a return of +7.9% compared to +5.3%

FDEM vs LQDH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDEM(ETF)	LQDH(ETF)
Net Assets	$508M	$506M
Expense Ratio	0.25%	0.24%
Max Drawdown	34.04%	28.17%
Sharpe Ratio	1.49	1.32
5Y Beta	0.69	0.14
5Y Dividends CAGR	14.40%	24.33%

Net Assets

Winner

FDEM

$508M

LQDH

$506M

Expense Ratio

FDEM

0.25%

Winner

LQDH

0.24%

Max Drawdown

FDEM

34.04%

Winner

LQDH

28.17%

Sharpe Ratio

Winner

FDEM

1.49

LQDH

1.32

5Y Beta

FDEM

0.69

Winner

LQDH

0.14

5Y Dividends CAGR

FDEM

14.40%

Winner

LQDH

24.33%

FDEM vs LQDH - Historical Returns

Returns include dividend reinvestment.

Period	FDEM	LQDH
1 month	-1.32%	+0.97%
3 months	+9.37%	+2.28%
6 months	+15.62%	+2.68%
1 year	+33.27%	+7.49%
5 years(CAGR)	+7.94%	+5.25%
10 years(CAGR)	N/A	+4.63%
Max(CAGR)	+8.38%	+3.55%

FDEM

-1.32%

Winner

LQDH

+0.97%

Winner

FDEM

+9.37%

LQDH

+2.28%

Winner

FDEM

+15.62%

LQDH

+2.68%

Winner

FDEM

+33.27%

LQDH

+7.49%

5Y(CAGR)

Winner

FDEM

+7.94%

LQDH

+5.25%

10Y(CAGR)

FDEM

N/A

LQDH

+4.63%

Max(CAGR)

Winner

FDEM

+8.38%

LQDH

+3.55%

FDEM vs LQDH - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	FDEM	LQDH
2026	+11.76%	+2.20%
2025	+25.57%	+7.00%
2024	+10.29%	+7.80%
2023	+16.71%	+10.83%
2022	-13.41%	-2.00%
2021	-3.71%	+2.60%
2020	+7.21%	+2.05%
2019	+5.72%	+9.32%
2018	N/A	-1.83%
2017	N/A	+6.03%
2016	N/A	+5.89%
2015	N/A	-2.14%
2014	N/A	-1.86%

FDEM vs LQDH Drawdown Comparison

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

The maximum drawdown for LQDH was -24.63%, occurring on Mar 20, 2020. Recovery took 225 trading sessions.

The current FDEM drawdown is -8.03%. The current LQDH drawdown is -0.20%.

Rank	FDEM	LQDH
#1	-33.65% Jan 17, 2020 - Dec 3, 2020	-24.63% Dec 31, 2019 - Nov 19, 2020
#2	-29.32% Feb 16, 2021 - May 15, 2024	-9.64% Jul 16, 2014 - Dec 13, 2016
#3	-16.03% Sep 26, 2024 - May 19, 2025	-7.08% Nov 5, 2021 - Jan 26, 2023
#4	-12.68% Feb 25, 2026 - Apr 30, 2026	-4.86% Feb 19, 2025 - Jun 4, 2025
#5	-9.65% Apr 17, 2019 - Nov 4, 2019	-4.56% Oct 1, 2018 - Apr 8, 2019
#6	-8.03% Jun 2, 2026 - Jun 5, 2026	-2.94% Feb 2, 2023 - Jun 2, 2023
#7	-7.69% Jul 12, 2024 - Sep 24, 2024	-2.55% Jul 24, 2019 - Oct 18, 2019
#8	-4.69% May 11, 2026 - May 26, 2026	-2.44% Feb 1, 2018 - Aug 3, 2018
#9	-4.56% Nov 7, 2019 - Dec 16, 2019	-2.35% Jan 22, 2026 - Apr 15, 2026
#10	-4.46% May 20, 2024 - Jul 11, 2024	-2.20% Apr 26, 2019 - Jul 1, 2019
#11	-4.36% Sep 17, 2025 - Oct 20, 2025	-1.96% Feb 18, 2021 - Mar 31, 2021
#12	-4.26% Nov 11, 2025 - Jan 2, 2026	-1.81% Jul 10, 2024 - Aug 19, 2024
#13	-4.01% Jan 26, 2021 - Feb 5, 2021	-1.38% Sep 19, 2023 - Nov 10, 2023
#14	-3.28% Jul 23, 2025 - Aug 12, 2025	-1.22% Jul 21, 2017 - Sep 21, 2017
#15	-2.70% Jan 28, 2026 - Feb 9, 2026	-1.17% Dec 27, 2016 - Feb 21, 2017

Correlation

Correlation between FDEM and LQDH is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2014 - 2026)

FDEM vs LQDH dividend yield comparison.

Year	FDEM	LQDH
2026	0.45%	2.41%
2025	3.23%	6.06%
2024	4.05%	7.57%
2023	4.41%	7.69%
2022	3.95%	3.73%
2021	2.71%	1.65%
2020	1.84%	2.22%
2019	2.39%	3.09%
2018	0.00%	5.08%
2017	0.00%	2.37%
2016	0.00%	2.33%
2015	0.00%	2.98%
2014	0.00%	2.19%