Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) 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 FEDGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEDGX
FEDGX charges 2.25% annually. There are 39 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 Fund | 0.01% | — | Aug 2018 | FEDGX vs FHKFX | |
| Fidelity Series Emerging Markets Opportunities Fun... | 0.01% | — | Dec 2008 | FEDGX vs FEMSX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FEDGX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FEDGX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FEDGX vs VEMAX |
Best Risk-Adjusted Alternatives to FEDGX
FEDGX has a PortfoliosLab risk / return rank of 75. There are 19 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 | FEDGX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 94 | — | Jun 1996 | FEDGX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 89 | — | Jul 2022 | FEDGX vs WXCIX | |
| Templeton Emerging Markets Fund | 85 | — | Feb 1987 | FEDGX vs EMF | |
| JPMorgan Emerging Markets Equity Fund Class R6 | 82 | — | Dec 2013 | FEDGX vs JEMWX |
Top Performing FEDGX Alternatives (YTD)
FEDGX is at 16.39% YTD. There are 25 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 85.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 85.65% | — | Jun 1996 | FEDGX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 84.89% | — | Jun 1996 | FEDGX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 40.06% | — | Jul 2022 | FEDGX vs WXCIX | |
| Templeton Emerging Markets Fund | 32.25% | — | Feb 1987 | FEDGX vs EMF | |
| Calamos Evolving World Growth Fund Class I | 29.22% | — | — | FEDGX vs CNWIX |
Lowest Volatility Alternatives to FEDGX
FEDGX has 14.67% 1-year volatility. There are 5 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.41%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.41% | — | Jan 2019 | FEDGX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.46% | — | — | FEDGX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.32% | — | May 2016 | FEDGX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.17% | — | Jan 2008 | FEDGX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.66% | — | Nov 2011 | FEDGX vs FEDTX |
Lowest Drawdown Alternatives to FEDGX
FEDGX has a 1-year max drawdown of -9.66%. There are 8 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 | FEDGX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FEDGX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FEDGX vs SFENX | |
| Fidelity Emerging Markets Discovery Fund | -9.54% | — | Nov 2011 | FEDGX vs FEDDX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FEDGX 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 | 60 | 10.18% | — | Feb 1988 | FEDGX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 89 | 60.71% | — | Jul 1985 | FEDGX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.00% | — | — | FEDGX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 10.98% | — | — | FEDGX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 3.03% | — | — | FEDGX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 52 | 14.20% | — | Dec 1987 | FEDGX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 9.37% | 176.32B | May 1967 | FEDGX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 58 | 10.25% | — | — | FEDGX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 9.38% | — | Nov 1997 | FEDGX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 50 | 11.66% | — | Jun 2016 | FEDGX vs FTIHX |
Often Compared With FEDGX
Investors most often compare FEDGX with MAGS, FEDAX, VOT. These 15 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare FEDGX with Any Fund or Stock
Compare FEDGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEDGX with funds that move differently
Fidelity Advisor Emerging Markets Discovery Fund Class C alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEDGX.
Explore FEDGX Diversifiers