Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) belongs to the Emerging Markets Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FEDAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEDAX
FEDAX charges 1.49% annually. There are 34 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series Emerging Markets Opportunities Fun... | 0.01% | — | Dec 2008 | FEDAX vs FEMSX | |
| Fidelity Series Emerging Markets Fund | 0.01% | — | Aug 2018 | FEDAX vs FHKFX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FEDAX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FEDAX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FEDAX vs VEMAX |
Best Risk-Adjusted Alternatives to FEDAX
FEDAX has a PortfoliosLab risk / return rank of 78. There are 18 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 96 | — | Jun 1996 | FEDAX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 95 | — | Jun 1996 | FEDAX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 90 | — | Jul 2022 | FEDAX vs WXCIX | |
| Templeton Emerging Markets Fund | 88 | — | Feb 1987 | FEDAX vs EMF | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 87 | — | Aug 2013 | FEDAX vs FZAEX |
Top Performing FEDAX Alternatives (YTD)
FEDAX is at 17.92% YTD. There are 23 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 106.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 106.02% | — | Jun 1996 | FEDAX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 105.23% | — | Jun 1996 | FEDAX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 43.69% | — | Jul 2022 | FEDAX vs WXCIX | |
| Templeton Emerging Markets Fund | 36.34% | — | Feb 1987 | FEDAX vs EMF | |
| Calamos Evolving World Growth Fund Class I | 35.50% | — | — | FEDAX vs CNWIX |
Lowest Volatility Alternatives to FEDAX
FEDAX has 14.56% 1-year volatility. There are 9 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.25% | — | Jan 2019 | FEDAX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.43% | — | — | FEDAX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.19% | — | May 2016 | FEDAX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.14% | — | Jan 2008 | FEDAX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.50% | — | Nov 2011 | FEDAX vs FEDTX |
Lowest Drawdown Alternatives to FEDAX
FEDAX has a 1-year max drawdown of -9.58%. There are 5 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.93%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | -6.93% | — | Jan 2019 | FEDAX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FEDAX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FEDAX vs SFENX | |
| Fidelity Emerging Markets Discovery Fund | -9.54% | — | Nov 2011 | FEDAX vs FEDDX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FEDAX vs FIQGX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 65 | 10.87% | — | Feb 1988 | FEDAX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.51% | — | Jul 1985 | FEDAX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 65 | 11.51% | — | — | FEDAX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 11.52% | — | — | FEDAX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 4.54% | — | — | FEDAX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.64% | — | Dec 1987 | FEDAX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 37 | 10.44% | 176.32B | May 1967 | FEDAX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 10.70% | — | — | FEDAX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.16% | — | Nov 1997 | FEDAX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 13.16% | — | Jun 2016 | FEDAX vs FTIHX |
Often Compared With FEDAX
Investors most often compare FEDAX with FEDGX, PZIEX, JEMWX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FEDAX with Any Fund or Stock
Compare FEDAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEDAX with funds that move differently
Fidelity Advisor Emerging Markets Discovery Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEDAX.
Explore FEDAX Diversifiers