- 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 27.9% since the beginning of the year. FECMX is currently trading at $64 per share. Investors who bought $1,000 worth of FECMX shares 5 years ago would now be looking at an investment worth $1,441.
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Returns By Period
Fidelity Advisor Emerging Markets Fund Class I (FECMX) has returned 27.89% so far this year and 55.12% over the past 12 months.
Fidelity Advisor Emerging Markets Fund Class I
- 1D
- 3.65%
- 1M
- 7.14%
- YTD
- 27.89%
- 6M
- 31.46%
- 1Y
- 55.12%
- 3Y*
- 21.93%
- 5Y*
- 7.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FECMX Monthly Returns History
Based on dividend-adjusted daily data since May 19, 2021, FECMX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 55% of months were positive and 45% 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% | 3.97% | 27.89% | ||||||
| 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 -1.10%, beta of 0.84, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since May 19, 2021.
- This fund participated in 87.96% of S&P 500 Index downside but only 74.36% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.10%
- Beta
- 0.84
- R²
- 0.53
- Upside Capture
- 74.36%
- Downside Capture
- 87.96%
Expense Ratio
FECMX has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FECMX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by 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 | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.66 | +1.53 |
| Martin ratioReturn relative to average drawdown | 14.93 | 11.86 | +3.07 |
Dividends
Dividend History
Fidelity Advisor Emerging Markets Fund Class I provided a 0.03% 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 | 0.03% | 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 | ||||||
| 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 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -40.89%Oct 2022 | 1y 3mo | 2y 10mo | 4y 2moJun 2021 - Sep 2025 |
2026 correction2026 | -13.02%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
2026 pullback2026 | -9.66%Jun 2026 | 2d | — | 19d 23hJun 2026 - now |
2025 pullback2025 | -7.00%Dec 2025 | 1mo 18d | 19d | 2mo 7dOct 2025 - Jan 2026 |
2026 pullback2026 | -5.05%May 2026 | 7d | 9d | 16dMay 2026 - May 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 | -13.02% | -9.10% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -18.90% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.89% | -25.43% | -15.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.24% | -2.49% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -15.78% | -10.72% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.03% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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