(FDEM) Fidelity Emerging Markets - Ratings and Ratios

The Fidelity Emerging Markets Multifactor ETF (FDEM) is designed to track an index that focuses on large- and mid-cap emerging markets companies with attractive valuations, high-quality profiles, positive momentum, lower volatility, and lower correlation to the US equity market. This suggests that the fund aims to provide a balanced exposure to emerging markets while minimizing potential downsides.

To achieve its objective, FDEM invests at least 80% of its assets in securities included in the index or depositary receipts representing these securities. This indicates a strong tracking ability and minimal deviation from the underlying index.

From a performance perspective, key metrics such as the Sharpe Ratio, Sortino Ratio, and Information Ratio would be essential in evaluating FDEMs risk-adjusted returns. Additionally, metrics like tracking error, beta, and standard deviation can provide insights into the funds volatility and correlation with the broader emerging markets equity market.

Considering the funds AUM of $190.20M USD, it appears to have a reasonable size, potentially offering sufficient liquidity. However, a deeper dive into the funds holdings, sector allocation, and geographic distribution would be necessary to understand its overall composition and potential risks.

To further evaluate FDEMs potential, it would be useful to examine its expense ratio, trading volume, and bid-ask spread to gauge its cost efficiency and liquidity. Moreover, comparing FDEMs performance to its benchmark index and peers within the Diversified Emerging Mkts ETF category can help assess its relative strengths and weaknesses.