Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) 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 FEDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEDIX
FEDIX 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 | FEDIX vs FEMSX | |
| Fidelity Series Emerging Markets Fund | 0.01% | — | Aug 2018 | FEDIX vs FHKFX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FEDIX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FEDIX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FEDIX vs VEMAX |
Best Risk-Adjusted Alternatives to FEDIX
FEDIX has a PortfoliosLab risk / return rank of 82. There are 16 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 95 | — | Jun 1996 | FEDIX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 95 | — | Jun 1996 | FEDIX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 92 | — | Jul 2022 | FEDIX vs WXCIX | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 87 | — | Aug 2013 | FEDIX vs FZAEX | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 87 | — | Mar 2004 | FEDIX vs FIMKX |
Top Performing FEDIX Alternatives (YTD)
FEDIX is at 19.14% YTD. There are 22 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 105.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 105.25% | — | Jun 1996 | FEDIX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 104.45% | — | Jun 1996 | FEDIX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 46.00% | — | Jul 2022 | FEDIX vs WXCIX | |
| Calamos Evolving World Growth Fund Class I | 35.58% | — | — | FEDIX vs CNWIX | |
| Templeton Emerging Markets Fund | 31.29% | — | Feb 1987 | FEDIX vs EMF |
Lowest Volatility Alternatives to FEDIX
FEDIX has 14.53% 1-year volatility. There are 5 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.26%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.26% | — | Jan 2019 | FEDIX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.45% | — | — | FEDIX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.24% | — | May 2016 | FEDIX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.14% | — | Jan 2008 | FEDIX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.52% | — | Nov 2011 | FEDIX vs FEDTX |
Lowest Drawdown Alternatives to FEDIX
FEDIX 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 | FEDIX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FEDIX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FEDIX vs SFENX | |
| Fidelity Emerging Markets Discovery Fund | -9.54% | — | Nov 2011 | FEDIX vs FEDDX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FEDIX 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 | 63 | 11.06% | — | Feb 1988 | FEDIX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.83% | — | Jul 1985 | FEDIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.89% | — | — | FEDIX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.88% | — | — | FEDIX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 19 | 5.06% | — | — | FEDIX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.81% | — | Dec 1987 | FEDIX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.81% | 176.32B | May 1967 | FEDIX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 11.15% | — | — | FEDIX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.41% | — | Nov 1997 | FEDIX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 55 | 13.57% | — | Jun 2016 | FEDIX vs FTIHX |
Often Compared With FEDIX
Investors most often compare FEDIX with IEMG, VTI, EEM. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare FEDIX with Any Fund or Stock
Compare FEDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEDIX with funds that move differently
Fidelity Advisor Emerging Markets Discovery Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEDIX.
Explore FEDIX Diversifiers