- CUSIP
- 31618Q408
- Issuer
- Fidelity
- Inception Date
- Nov 1, 1990
- Region
- Emerging Markets (Emerging Markets)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Style
- Growth
Share Price Chart
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Performance
FECMX Performance Chart
Fidelity Advisor Emerging Markets Fund Class I (FECMX) is up 13.9% since the beginning of the year. FECMX is currently trading at $57 per share. Investors who bought $1,000 worth of FECMX shares 5 years ago would now be looking at an investment worth $1,341.
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Returns By Period
Fidelity Advisor Emerging Markets Fund Class I (FECMX) has returned 13.90% so far this year and 33.27% over the past 12 months.
Fidelity Advisor Emerging Markets Fund Class I
- 1D
- 3.85%
- 1M
- -4.45%
- 6M
- 6.73%
- YTD
- 13.90%
- 1Y
- 33.27%
- 3Y*
- 16.56%
- 5Y*
- 6.05%
- 10Y*
- —
- ALL TIME*
- 5.60%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FECMX Monthly Returns History
Based on dividend-adjusted daily data since May 19, 2021, FECMX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +17.9%, while the worst month was Sep 2022 at -12.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FECMX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +7.2%, while the worst single day was Jun 5, 2026 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.72% | 3.18% | -8.33% | 14.08% | 6.81% | 1.67% | -8.92% | 13.90% | |||||
| 2025 | 1.40% | -1.87% | -0.69% | 1.01% | 5.30% | 7.21% | 0.56% | 2.18% | 8.71% | 5.10% | -3.28% | 2.37% | 31.00% |
| 2024 | -3.22% | 5.62% | 2.91% | -2.11% | 2.99% | 4.63% | -0.88% | 0.08% | 3.95% | -2.67% | -2.34% | -1.49% | 7.13% |
| 2023 | 11.07% | -5.72% | 3.50% | -1.41% | -0.51% | 4.53% | 4.59% | -4.89% | -4.04% | -4.09% | 9.25% | 3.59% | 15.15% |
| 2022 | -4.29% | -6.26% | -3.84% | -7.93% | 0.61% | -6.00% | 1.37% | -0.75% | -11.96% | -4.03% | 17.93% | -3.72% | -27.49% |
| 2021 | 3.83% | 1.64% | -6.23% | 3.63% | -3.19% | 2.99% | -2.99% | 0.25% | -0.57% |
Benchmark Metrics
Fidelity Advisor Emerging Markets Fund Class I has an annualized alpha of -3.39%, beta of 0.85, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since May 19, 2021.
- This fund participated in 98.88% of S&P 500 Index downside but only 74.36% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.39% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.85 and R2 of 0.52, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.39%
- Beta
- 0.85
- R²
- 0.52
- Upside Capture
- 74.36%
- Downside Capture
- 98.88%
Expense Ratio
FECMX has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FECMX ranks 43 for risk / return — above 43% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Fund Class I (FECMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FECMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.00 | +0.06 |
| Martin ratioReturn relative to average drawdown | 6.74 | 8.49 | -1.75 |
Dividends
Dividend History
Fidelity Advisor Emerging Markets Fund Class I provided a 0.04% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.02 | $0.02 | $0.24 | $0.40 | $0.27 | $2.69 |
Dividend yield | 0.04% | 0.04% | 0.64% | 1.13% | 0.86% | 6.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Emerging Markets Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $2.69 | $2.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Emerging Markets Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Emerging Markets Fund Class I was 40.89%, occurring on Oct 24, 2022. Recovery took 722 trading sessions.
The current Fidelity Advisor Emerging Markets Fund Class I drawdown is 11.67%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.89%Oct 2022 | 1y 3mo | 2y 10mo | 4y 2moJun 2021 - Sep 2025 | Bear market2022 |
-14.94%Jul 2026 | 1mo 6d | — | 1mo 10dJun 2026 - now | — |
-13.02%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 | — |
-9.66%Jun 2026 | 2d | 17d | 19dJun 2026 - Jun 2026 | — |
-7.00%Dec 2025 | 1mo 18d | 19d | 2mo 7dOct 2025 - Jan 2026 | — |
Drawdown Indicators
| FECMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.89% | -56.78% | +15.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.94% | -9.10% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -18.90% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.50% | -25.43% | -15.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.67% | -1.58% | -10.09% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -10.70% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.14% | +2.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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