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 132 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 Stock Index Fund Institu... | 0.06% | — | Jun 2000 | FEDDX vs VEMIX | |
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | FEDDX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | FEDDX vs FERGX |
Best Risk-Adjusted Alternatives to FEDDX
FEDDX has a PortfoliosLab risk / return rank of 88. There are 12 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 | |
|---|---|---|---|---|---|
| Lazard Emerging Markets Equity Portfolio | 96 | — | Jul 1994 | FEDDX vs LZEMX | |
| Lazard Emerging Markets Equity Portfolio Class R6 | 96 | — | — | FEDDX vs RLEMX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 96 | — | Oct 2011 | FEDDX vs ESCIX | |
| Delaware Emerging Markets Fund | 94 | — | Jun 1996 | FEDDX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 94 | — | Jun 1996 | FEDDX vs DEMAX |
Top Performing FEDDX Alternatives (YTD)
FEDDX is at 19.06% YTD. There are 112 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 79.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 79.82% | — | Jun 1996 | FEDDX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 79.56% | — | Jun 1996 | FEDDX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 78.77% | — | Jun 1996 | FEDDX vs DEMCX | |
| Franklin Templeton SMACS: Series EM | 57.68% | — | Nov 2021 | FEDDX vs FQEMX | |
| GMO Emerging Markets ex-China Fund | 41.38% | — | Oct 2021 | FEDDX vs GMAQX |
Lowest Volatility Alternatives to FEDDX
FEDDX has 15.10% 1-year volatility. There are 24 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.90%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 9.90% | — | Dec 2016 | FEDDX vs GSIYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 10.04% | — | Oct 2011 | FEDDX vs ESCIX | |
| GQG Partners Emerging Markets Equity Fund | 11.51% | — | Dec 2016 | FEDDX vs GQGPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.53% | — | — | FEDDX vs GQGIX | |
| The Cook & Bynum Fund | 11.73% | — | Jun 2009 | FEDDX vs COBYX |
Lowest Drawdown Alternatives to FEDDX
FEDDX has a 1-year max drawdown of -9.54%. There are 8 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | FEDDX vs ESCIX | |
| Fidelity SAI Emerging Markets Low Volatility Index... | -6.93% | — | Jan 2019 | FEDDX vs FGKPX | |
| Goldman Sachs GQG Partners International Opportuni... | -7.81% | — | Dec 2016 | FEDDX vs GSIYX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | FEDDX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | FEDDX vs COBYX |
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 | 75 | 11.76% | — | Feb 1988 | FEDDX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 82 | 51.40% | — | Jul 1985 | FEDDX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 76 | 12.27% | — | — | FEDDX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 75 | 12.20% | — | — | FEDDX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 2.47% | — | — | FEDDX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 49 | 13.81% | — | Dec 1987 | FEDDX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.08% | 176.32B | May 1967 | FEDDX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 72 | 11.48% | — | — | FEDDX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 12.40% | — | Nov 1997 | FEDDX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 71 | 13.68% | — | 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