- ISIN
- US31618H5494
- CUSIP
- 31618H549
- Issuer
- Fidelity
- Inception Date
- Nov 1, 2011
- Category
- Emerging Markets Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FEDDX Performance Chart
Fidelity Emerging Markets Discovery Fund (FEDDX) is up 18.9% since the beginning of the year. FEDDX is currently trading at $23 per share. Investors who bought $1,000 worth of FEDDX shares 5 years ago would now be looking at an investment worth $1,499.
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Returns By Period
Fidelity Emerging Markets Discovery Fund (FEDDX) has returned 18.91% so far this year and 37.92% over the past 12 months.
Fidelity Emerging Markets Discovery Fund
- 1D
- -0.04%
- 1M
- -1.81%
- YTD
- 18.91%
- 6M
- 21.21%
- 1Y
- 37.92%
- 3Y*
- 18.57%
- 5Y*
- 8.43%
- 10Y*
- 10.80%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEDDX Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2011, FEDDX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +11.1%, while the worst month was Mar 2020 at -22.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FEDDX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -11.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.70% | 5.51% | -7.45% | 10.84% | 1.02% | 0.04% | 18.91% | ||||||
| 2025 | 0.13% | 0.39% | 1.04% | 3.23% | 6.26% | 6.54% | -1.55% | 4.49% | 1.99% | 3.06% | 1.33% | 1.42% | 31.90% |
| 2024 | -6.15% | 4.60% | 1.92% | -0.24% | 0.00% | 1.95% | 0.30% | 0.72% | 4.38% | -6.01% | -3.32% | -1.21% | -3.68% |
| 2023 | 7.70% | -3.34% | 1.04% | 2.39% | -1.60% | 6.45% | 4.40% | -5.56% | -0.84% | -3.46% | 7.84% | 5.17% | 20.76% |
| 2022 | -2.25% | -1.85% | -0.52% | -5.42% | 1.80% | -8.55% | 2.82% | 0.79% | -9.38% | 2.61% | 10.63% | -1.57% | -11.83% |
| 2021 | 1.37% | 1.82% | 0.40% | 4.65% | 3.84% | 1.95% | -2.43% | 2.23% | -4.05% | 0.00% | -3.90% | 1.01% | 6.65% |
Benchmark Metrics
Fidelity Emerging Markets Discovery Fund has an annualized alpha of 15.80%, beta of 0.77, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since November 03, 2011.
- This fund captured 114.29% of S&P 500 Index gains but only 17.36% of its losses - a favorable profile for investors.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 15.80%
- Beta
- 0.77
- R²
- 0.47
- Upside Capture
- 114.29%
- Downside Capture
- 17.36%
Expense Ratio
FEDDX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FEDDX ranks 85 for risk / return — in the top 85% 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 Emerging Markets Discovery Fund (FEDDX) and compare them to S&P 500 Index.
| FEDDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | — | — |
| Martin ratioReturn relative to average drawdown | 15.53 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Emerging Markets Discovery Fund provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.89 | $0.61 | $0.34 | $0.24 | $1.91 | $0.10 | $0.15 | $0.23 | $0.23 | $0.16 | $0.09 |
Dividend yield | 3.91% | 4.65% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 1.50% | 1.36% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Emerging Markets Discovery Fund. 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 | $0.89 | $0.89 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.91 |
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 Emerging Markets Discovery Fund. 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 Emerging Markets Discovery Fund was 42.95%, occurring on Mar 23, 2020. Recovery took 180 trading sessions.
The current Fidelity Emerging Markets Discovery Fund drawdown is 2.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.95%Mar 2020 | 2y 1mo | 8mo 19d | 2y 10moJan 2018 - Dec 2020 |
2016 bear market2016 | -28.39%Jan 2016 | 1y 4mo | 1y 1mo | 2y 6moSep 2014 - Mar 2017 |
Bear market2022 | -27.45%Oct 2022 | 1y 1mo | 1y 6mo | 2y 7moSep 2021 - May 2024 |
2025 selloff2025 | -17.29%Apr 2025 | 6mo 7d | 1mo 11d | 7mo 18dOct 2024 - May 2025 |
2013 correction2013 | -12.96%Aug 2013 | 3mo 21d | 9mo 9d | 1y 25dMay 2013 - Jun 2014 |
Drawdown Indicators
| FEDDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.95% | -9.10% | -33.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -2.97% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -1.13% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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