Fidelity Enhanced Emerging Markets ETF (FEMR) Performance
FEMR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.7% since Dec 31, 2025
- 1 year
- +21.8% total return
- Since first price
- +58.3% since 2024
FEMR trailing returns vs SPY, QQQ, AGG
| Period | FEMR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.9% | −8.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.3% | −4.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.3% | +0.9% | +7.8% | +8.4% | −1.5% |
| YTD | +18.7% | +17.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.8% | +19.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 21, 2024 | +58.3% | +52.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FEMR vs SPY
From Nov 21, 2024: FEMR grew to $15,826, SPY to $13,097.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FEMR returns by calendar year
1 of 1 full years positive. Best 2025 (+35.3%), worst 2025 (+35.3%). 2026 is year to date.
FEMR annual returns table
| Year | FEMR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.7% | −15.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.3% | −15.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FEMR largest drawdowns
Now 13.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 17, 2025 | −15.6% | Apr 8, 2025 | May 5, 2025 | 22 days | 49 days |
| Jun 22, 2026 | −15.5% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −14.5% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FEMR risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +34.5% |
| Volatility (annualized) | 18.6% |
| Sharpe ratio | 1.49 |
| Sortino ratio | 2.82 |
| Best month | +14.0% |
| Worst month | −10.3% |
| Best 12 months | +61.3% |
| Worst 12 months | +29.5% |
| Positive months | 82% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FEMR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +20.5% | +42.6% | +61.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
FEMR performance overview
Fidelity Enhanced Emerging Markets ETF (FEMR) returned +21.8% over the past year, with distributions reinvested. Since its first recorded price on Nov 21, 2024 it has returned +58.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.6%, from Mar 17, 2025 to Apr 8, 2025, and it took 27 days to get back to the old high. Volatility has been 18.6% a year.
Related: FEMR chart, FEMR holdings, FEMR dividends. See the FEMR overview for the latest quote and fund facts.
FEMR performance FAQ
What is the FEMR return over the past year?
FEMR returned +21.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.5%.
How much would $10,000 invested in FEMR be worth?
$10,000 invested in FEMR at its first recorded close on November 21, 2024 would be worth about $15,826 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FEMR?
The largest peak-to-trough decline was −15.6% between March 17, 2025 and April 8, 2025. It recovered to the old high on May 5, 2025, 27 days after the bottom.
How volatile is FEMR?
Over the past history FEMR had an annualized volatility of 18.6% and a Sharpe ratio of 1.49 (excess return over 1–3 month T-bills per unit of risk).