Fidelity Emerging Markets Discovery Fund (FEDDX) 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 FEDDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEDDX
FEDDX charges 1.19% annually. There are 27 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 | FEDDX vs FEMSX | |
| Fidelity Series Emerging Markets Fund | 0.01% | — | Aug 2018 | FEDDX vs FHKFX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FEDDX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FEDDX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FEDDX vs VEMAX |
Best Risk-Adjusted Alternatives to FEDDX
FEDDX has a PortfoliosLab risk / return rank of 80. There are 14 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 94 | — | Jun 1996 | FEDDX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 94 | — | Jun 1996 | FEDDX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 89 | — | Jul 2022 | FEDDX vs WXCIX | |
| Templeton Emerging Markets Fund | 86 | — | Feb 1987 | FEDDX vs EMF | |
| JPMorgan Emerging Markets Equity Fund Class R6 | 85 | — | Dec 2013 | FEDDX vs JEMWX |
Top Performing FEDDX Alternatives (YTD)
FEDDX is at 17.08% YTD. There are 21 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 88.53%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 88.53% | — | Jun 1996 | FEDDX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 87.77% | — | Jun 1996 | FEDDX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 39.62% | — | Jul 2022 | FEDDX vs WXCIX | |
| Templeton Emerging Markets Fund | 33.51% | — | Feb 1987 | FEDDX vs EMF | |
| Calamos Evolving World Growth Fund Class I | 31.75% | — | — | FEDDX vs CNWIX |
Lowest Volatility Alternatives to FEDDX
FEDDX has 14.66% 1-year volatility. There are 7 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.39%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.39% | — | Jan 2019 | FEDDX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.45% | — | — | FEDDX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.30% | — | May 2016 | FEDDX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.16% | — | Jan 2008 | FEDDX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.63% | — | Nov 2011 | FEDDX vs FEDTX |
Lowest Drawdown Alternatives to FEDDX
FEDDX has a 1-year max drawdown of -9.54%. There are 3 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 | FEDDX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FEDDX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FEDDX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FEDDX vs FIQGX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.58% | — | Nov 2011 | FEDDX vs FEDIX |
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 | 66 | 10.88% | — | Feb 1988 | FEDDX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 91 | 64.98% | — | Jul 1985 | FEDDX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 66 | 11.42% | — | — | FEDDX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 11.41% | — | — | FEDDX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 4.46% | — | — | FEDDX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 58 | 15.62% | — | Dec 1987 | FEDDX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 36 | 9.99% | 176.32B | May 1967 | FEDDX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 62 | 10.70% | — | — | FEDDX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 40 | 10.13% | — | Nov 1997 | FEDDX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 57 | 12.70% | — | Jun 2016 | FEDDX vs FTIHX |
Often Compared With FEDDX
Investors most often compare FEDDX with FEMKX, EEM, FITLX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FEDDX with Any Fund or Stock
Compare FEDDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEDDX with funds that move differently
Fidelity Emerging Markets Discovery Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEDDX.
Explore FEDDX Diversifiers