EMKT vs FEMX vs IEM vs VGE - Compare ETFs side by side

At a glance

Comparing EMKT, FEMX, IEM, and VGE. VGE has the lowest management fee at 0.48% a year, IEM has the highest 10 years return at 9.1% a year, and EMKT offers the highest at 13.49%.

Lowest fee

VGE 0.48% p.a.

Highest 10 years return

IEM 9.1% p.a.

Highest yield

EMKT 13.49%

Highest risk-adjusted

IEM Sharpe 0.6 (10y)

Lowest volatility

VGE 10.3% (10y)

Largest fund

VGE $2bn

Side-by-side comparison

Metric	EMKT VanEck MSCI Multifactor Emerging Markets Equity ETF	FEMX Fidelity Global Emerging Markets Active ETF	IEM iShares MSCI Emerging Markets ETF	VGE Vanguard FTSE Emerging Markets Shares ETF
Snapshot
Provider	VanEck	Fidelity	iShares	Vanguard
Tracks index	MSCI Emerging Markets Diversified Multiple-Factor Index	—	MSCI Emerging Markets Index	FTSE Emerging Markets All Cap China A Inclusion Index
Categories	EM, Factor	EM, Market-Cap, Active	EM, Market-Cap	EM, Market-Cap
Listed since	2018 (8 yrs)	—	—	2013 (13 yrs)
Fund size (AUM)	$731m	$191m	$1.7bn	$2bn
Cost & income
Management fee	0.69%	0.98%	0.71%	0.48%
Dividend yield	13.49%	—	1.45%	1.77%
Franking	0%	0%	0%	0%
Turnover	30%	—	—	10%
Tax drag	5.04%	—	0.46%	0.81%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	35.6% net	—	24.5% net	10% net
3-year return	24.3% net	—	16.8% net	11.8% net
5-year return	15.5% net	—	8% net	6.1% net
10-year return	—	—	9.1% net	7.7% net
Risk
Volatility (3y)	16.8%	—	13.3%	8.4%
Volatility (5y)	15.2%	—	13.7%	10.5%
Volatility (10y)	—	—	12.2%	10.3%
Sharpe ratio (3y)	1.15	—	0.93	0.88
Sharpe ratio (5y)	0.82	—	0.4	0.32
Sharpe ratio (10y)	—	—	0.6	0.56
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

EMKT VanEck MSCI Multifactor Emerging Markets Equity ETF

Top-6% returns over 5 years (12th of 188 ETFs we track).
High 13.49% income yield — good for investors who want regular cash flow.

Pricier than similar ETFs, which average around 0.39%.

Full EMKT analysis →

FEMX Fidelity Global Emerging Markets Active ETF

A 0.98% management fee is high and compounds against you over time.

Full FEMX analysis →

IEM iShares MSCI Emerging Markets ETF

Top-10% returns over 1 year (30th of 308 ETFs we track).

A 0.71% management fee is high and compounds against you over time.

Full IEM analysis →

VGE Vanguard FTSE Emerging Markets Shares ETF

Pricier than similar ETFs, which average around 0.28%.

Full VGE analysis →

Frequently Asked Questions

What's the difference between EMKT vs FEMX vs IEM vs VGE?

EMKT, FEMX, IEM, and VGE are 4 Australian-listed ETFs we compare side by side. VGE carries the lowest management fee (0.48%). Over 10 years, IEM has delivered the highest total return (9.1% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - EMKT vs FEMX vs IEM vs VGE?

VGE has the lowest management fee at 0.48% a year, versus EMKT 0.69%, FEMX 0.98%, and IEM 0.71%.

Which has performed highest - EMKT vs FEMX vs IEM vs VGE?

Over the past 10 years, IEM has delivered the highest total return at 9.1% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

EMKT pays the highest at 13.49%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VGE is the largest fund by assets ($2bn). Larger funds are typically more liquid and trade on tighter spreads.

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.