FDEM vs IEMG

AFDEM

BIEMG

Measures won4–2FDEM wins · of 6 · 5Y

$10,000 · 5Y$15,592FDEM · VEA $15,497

Lowest cost0.03%VEA · $3 on $10k

Most income3.47%FDEM · $347 on $10k

Smallest drop−11.3%VXUS · worst fall in 1Y

Held in common34.9%FDEM and IEMG

FDEM

IEMG

Fidelity Emerging Markets Multifactor ETF · $499MiShares Core MSCI Emerging Markets ETF · $146B

+19.3%3 years · per year$16,963 · $17,172+19.8%

+9.3%5 years · per year$15,592 · $13,648+6.4%

0.25%Expense ratio$25 · $9 on $10k · lower wins0.09%

3.47%12-mo yield$347 · $242 on $10k2.42%

−14.0%Worst dropSmaller wins−17.8%

22.6%VolatilityLower wins25.7%

4–2FDEM wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsFDEM · IEMG

11.7%2330.TW13.1%

5.6%005930.KS5.3%

3.3%000660.KS3.7%

1.3%2454.TW1.2%

Held in common34.9%

End-of-day Nov 9, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	AFDEM	Fidelity Emerging Markets Multifactor ETFRead Desk	0.25%	3.47%	+2.5%	+11.6%	+13.1%	+19.3%	+9.3%	−14.0%	$499M
2	VEA	Vanguard FTSE Developed Markets ETFRead Desk	0.03%	2.44%	+2.9%	+12.9%	+18.8%	+20.5%	+9.2%	−11.6%	$231.6B
3	VXUS	Vanguard Total International Stock ETFRead Desk	0.05%	2.39%	+2.8%	+11.1%	+15.3%	+19.5%	+8.1%	−11.3%	$163.2B
4	BIEMG	iShares Core MSCI Emerging Markets ETFRead Desk	0.09%	2.42%	+2.9%	+11.4%	+12.8%	+19.8%	+6.4%	−17.8%	$146.1B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	AFDEM	Fidelity Emerging Markets Multifactor ETFRead Desk	0.25%	3.47%	+2.5%	+11.6%	+13.1%	+19.3%	+9.3%	−14.0%	$499M
2	VEA	Vanguard FTSE Developed Markets ETFRead Desk	0.03%	2.44%	+2.9%	+12.9%	+18.8%	+20.5%	+9.2%	−11.6%	$231.6B
3	VXUS	Vanguard Total International Stock ETFRead Desk	0.05%	2.39%	+2.8%	+11.1%	+15.3%	+19.5%	+8.1%	−11.3%	$163.2B
4	BIEMG	iShares Core MSCI Emerging Markets ETFRead Desk	0.09%	2.42%	+2.9%	+11.4%	+12.8%	+19.8%	+6.4%	−17.8%	$146.1B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

FDEM vs IEMG

FDEM

Fidelity Emerging Markets Multifactor

$15,592

IEMG

iShares Core MSCI Emerging Markets

$13,648

MeasureFDEMIEMG

Fee0.25%0.09%

Cost on $10k a year$25$9

Yield3.47%2.42%

5 years, per year+9.3%+6.4%

3 years, per year+19.3%+19.8%

Worst drop · 1Y−14.0%−17.8%

Volatility · 1Y22.6%25.7%

4–2measures won
FDEM first

34.9%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

VXUS vs IXUS

YTD

VanguardVXUS

+11.1%

IXUSiShares

+11.5%

+11.1%Year to date+11.5%

2.4%Yield3.0%

$163BAssets$58.0B

2–0IXUS wins

End-of-day Nov 9, 2026

VEA vs IEFA

YTD

VanguardVEA

+12.9%

IEFAiShares

+11.1%

+12.9%Year to date+11.1%

2.4%Yield3.4%

$232BAssets$193B

1–1level

End-of-day Nov 9, 2026

VWO vs IEMG

YTD

VanguardVWO

+5.6%

IEMGiShares

+11.4%

+5.6%Year to date+11.4%

2.2%Yield2.4%

$125BAssets$146B

2–0IEMG wins

End-of-day Nov 9, 2026

Overlap: FDEM, IEMG, VEA, VXUS

Today

65.4%most shared, VEA and VXUS

FDEMIEMGVEAVXUS

FDEM—34.9%5.9%12.8%

IEMG34.9%—9.5%24.9%

VEA5.9%9.5%—65.4%

VXUS12.8%24.9%65.4%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$322most kept, FDEM

FDEM$347 − $25 = $322

VEA$244 − $3 = $241

VXUS$239 − $5 = $234

IEMG$242 − $9 = $233

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee