FDEM vs TLTE: holdings overlap, shared companies and scores
As of October 9, 2026, FDEM and TLTE overlap 31.3% by weight. Fidelity Emerging Markets Multifactor ETF (FDEM): Emerging market multifactor stocks. Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE): Tracks ~3,800 EM stocks
Updated October 9, 2026
Where FDEM and TLTE trade against their own history
FDEM trades at 11.3 times earnings, against its own median of 11.2, and is more expensive than 50% of its own last 8 years.
TLTE trades at 11.3 times earnings, against its own median of 10.2, and is more expensive than 76% of its own last 9 years.
What do FDEM and TLTE each hold?
What's inside FDEM: Tech 39%, Semiconductors 22%.
36% of FDEM is its ten largest holdings.
What's inside TLTE: Tech 33%, Semiconductors 16%.
24% of TLTE is its ten largest holdings.
How much do FDEM and TLTE overlap? 31.3% by weight
As of October 9, 2026, FDEM and TLTE overlap 31.3% by weight.
98% of FDEM is already inside TLTE.
32% of TLTE is already inside FDEM.
FDEM holds 202 companies and TLTE holds 2,956; 194 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FDEM and TLTE? 6.9 and 5.0 out of 10
As of October 9, 2026, ETF Copilot scores FDEM 6.9 out of 10 and TLTE 5.0 out of 10.
They differ most on Quality: FDEM 8.2 and TLTE 4.6.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FDEM | TLTE |
|---|---|---|
| Growth | 8.6 | 8.0 |
| Value | 5.1 | 2.0 |
| Risk | 5.8 | 4.5 |
| Quality | 8.2 | 4.6 |
| Return | 6.5 | 4.4 |
FDEM is the cheaper of the two at 0.25% a year
As of October 9, 2026, FDEM charges 0.25% a year, yields 3.27% and holds $589M in assets across 202 positions.
As of October 9, 2026, TLTE charges 0.58% a year, yields 3.27% and holds $351M in assets across 2956 positions.
| Measure | FDEM | TLTE |
|---|---|---|
| Expense ratio | 0.25% | 0.58% |
| Dividend yield | 3.27% | 3.27% |
| Assets under management | $589M | $351M |
| Holdings | 202 | 2956 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “FDEM vs TLTE holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fdem-vs-tlte
- Fidelity Emerging Markets Multifactor ETF (FDEM)
- Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE)
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