FFEM vs FFLS
Comparison between FIDELITY FUNDAMENTAL EMERGING MARKETS ETF (FFEM, ETF) and The Future Fund Long/Short ETF (FFLS, ETF).
FFEM vs FFLS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FFEM
$43M
FFLS
$43M
Expense Ratio
Winner
FFEM
0.60%
FFLS
1.60%
Max Drawdown
Winner
FFEM
16.52%
FFLS
16.55%
Sharpe Ratio
Winner
FFEM
1.42
FFLS
-0.93
5Y Beta
FFEM
0.97
Winner
FFLS
0.43
FFEM vs FFLS - Holdings Comparison
FFEM and FFLS have 1 common holdings. Overlap is -9.81%
FFEM's top 25 holdings weight is 66.22%. FFLS's top 25 holdings weight is 128.24%.
| Rank | FFEM | FFLS |
|---|---|---|
| #1 | n/a (n/a) - 17.50% | US DOLLAR BROKER (n/a) - 57.43% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 9.63% | NVIDIA CORP (NVDA) - 6.33% |
| #3 | SK HYNIX INC (n/a) - 7.65% | AMAZON.COM INC (AMZN) - 4.79% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 4.52% | CORNING INC (GLW) - 4.19% |
| #5 | MEDIATEK INC (n/a) - 2.62% | HALOZYME THERAPEUTICS INC (HALO) - 4.09% |
| #6 | n/a (n/a) - 2.08% | ALPHABET INC CLASS A (GOOGL) - 3.85% |
| #7 | HDFC BANK LTD ADR (HDB) - 1.74% | AXON ENTERPRISE INC (AXON) - 3.59% |
| #8 | n/a (n/a) - 1.73% | EDWARDS LIFESCIENCES CORP (EW) - 3.38% |
| #9 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.54% | BLOCK INC CLASS A (XYZ) - 3.17% |
| #10 | DELTA ELECTRONICS INC (n/a) - 1.54% | EQUINIX INC (EQIX) - 2.79% |
| #11 | AL RAJHI BANK (n/a) - 1.33% | SAFRAN SA ADR (SAFRY) - 2.77% |
| #12 | ICICI BANK LTD ADR (IBN) - 1.31% | LITTELFUSE INC (LFUS) - 2.63% |
| #13 | CREDICORP LTD (BAP) - 1.31% | GUARDANT HEALTH INC (GH) - 2.52% |
| #14 | LARSEN & TOUBRO LTD (n/a) - 1.29% | BWX TECHNOLOGIES INC (BWXT) - 2.52% |
| #15 | BYD CO LTD CLASS H (n/a) - 1.10% | GLOBALFOUNDRIES INC (GFS) - 2.47% |
| #16 | OTP BANK PLC (n/a) - 1.06% | BROADCOM INC (AVGO) - 2.42% |
| #17 | NATIONAL BANK OF GREECE SA (n/a) - 1.02% | EMBRAER SA ADR (EMBJ) - 2.40% |
| #18 | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 1.02% | AEROVIRONMENT INC (AVAV) - 2.28% |
| #19 | PT BANK CENTRAL ASIA TBK (n/a) - 1.01% | UBER TECHNOLOGIES INC (UBER) - 2.25% |
| #20 | n/a (n/a) - 0.90% | CIENA CORP (CIEN) - 2.24% |
| #21 | CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.90% | BAIDU INC ADR (BIDU) - 2.09% |
| #22 | NASPERS LTD CLASS N (n/a) - 0.90% | HEALTHEQUITY INC (HQY) - 2.07% |
| #23 | YAGEO CORP (n/a) - 0.85% | VERTEX PHARMACEUTICALS INC (VRTX) - 2.05% |
| #24 | PRIO SA (n/a) - 0.84% | ROLLS-ROYCE HOLDINGS PLC ADR (RYCEY) - 1.97% |
| #25 | WUXI APPTEC CO LTD (n/a) - 0.83% | YETI HOLDINGS INC (YETI) - 1.95% |
| Total Holdings | 114 | 59 |
FFEM vs FFLS - Historical Returns
Returns include dividend reinvestment.
1M
FFEM
-4.12%
Winner
FFLS
-0.49%
3M
Winner
FFEM
+5.60%
FFLS
-0.18%
6M
Winner
FFEM
+13.14%
FFLS
-4.41%
1Y
Winner
FFEM
+42.67%
FFLS
-6.27%
Max(CAGR)
Winner
FFEM
+37.00%
FFLS
+7.60%
FFEM vs FFLS - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FFEM | FFLS |
|---|---|---|
| 2026 | +19.59% | -3.18% |
| 2025 | +40.40% | +7.25% |
| 2024 | -2.28% | +18.39% |
| 2023 | N/A | +2.03% |
FFEM vs FFLS Drawdown Comparison
The maximum drawdown for FFEM was -16.29%, occurring on Apr 8, 2025. Recovery took 39 trading sessions.
The maximum drawdown for FFLS was -11.06%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current FFEM drawdown is -9.71%. The current FFLS drawdown is -7.45%.
| Rank | FFEM | FFLS |
|---|---|---|
| #1 | -16.29% Mar 17, 2025 - May 12, 2025 | -11.06% Sep 16, 2025 - Mar 30, 2026 |
| #2 | -13.57% Feb 25, 2026 - Apr 16, 2026 | -10.36% Jul 10, 2024 - Nov 7, 2024 |
| #3 | -11.54% Jun 22, 2026 - Jul 17, 2026 | -9.39% Sep 11, 2023 - Dec 26, 2023 |
| #4 | -9.61% Jun 2, 2026 - Jun 18, 2026 | -8.73% Feb 18, 2025 - Jun 4, 2025 |
| #5 | -8.24% Dec 9, 2024 - Feb 14, 2025 | -8.60% Jul 18, 2023 - Sep 11, 2023 |
| #6 | -6.07% May 11, 2026 - May 26, 2026 | -3.25% Dec 11, 2024 - Jan 22, 2025 |
| #7 | -5.48% Oct 29, 2025 - Dec 26, 2025 | -3.02% Apr 11, 2024 - May 6, 2024 |
| #8 | -5.45% Feb 20, 2025 - Mar 17, 2025 | -2.41% Nov 7, 2024 - Dec 4, 2024 |
| #9 | -5.19% Oct 8, 2025 - Oct 20, 2025 | -2.40% Jun 22, 2023 - Jul 17, 2023 |
| #10 | -4.03% Jan 28, 2026 - Feb 11, 2026 | -2.14% Jul 28, 2025 - Sep 5, 2025 |
| #11 | -3.15% Jul 23, 2025 - Aug 12, 2025 | -1.96% Feb 15, 2024 - Feb 22, 2024 |
| #12 | -2.85% Jan 15, 2026 - Jan 23, 2026 | -1.69% May 21, 2024 - Jun 6, 2024 |
| #13 | -2.70% Jun 12, 2025 - Jun 24, 2025 | -1.53% Jan 29, 2024 - Feb 7, 2024 |
| #14 | -2.38% Aug 13, 2025 - Sep 8, 2025 | -1.51% Jun 6, 2024 - Jun 26, 2024 |
| #15 | -2.37% Apr 17, 2026 - Apr 24, 2026 | -1.41% Apr 1, 2024 - Apr 11, 2024 |
Correlation
Correlation between FFEM and FFLS is 0.23 which considered as a very weak or no correlation - the stocks move independently of each other.
0.23
-101
Dividend Comparison (2024 - 2026)
FFEM vs FFLS dividend yield comparison.
| Year | FFEM | FFLS |
|---|---|---|
| 2026 | 0.62% | 0.00% |
| 2025 | 1.59% | 6.58% |
| 2024 | 0.16% | 3.34% |
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