- ISIN
- US31618H5155
- 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
FEDTX Performance Chart
Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) is up 17.8% since the beginning of the year. FEDTX is currently trading at $22 per share. Investors who bought $1,000 worth of FEDTX shares 5 years ago would now be looking at an investment worth $1,482.
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Returns By Period
Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) has returned 17.79% so far this year and 33.33% over the past 12 months. Over the last ten years, FEDTX has returned 9.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Fidelity Advisor Emerging Markets Discovery Fund Class M
- 1D
- 2.75%
- 1M
- -0.97%
- 6M
- 8.45%
- YTD
- 17.79%
- 1Y
- 33.33%
- 3Y*
- 14.85%
- 5Y*
- 8.18%
- 10Y*
- 9.33%
- ALL TIME*
- 7.73%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FEDTX Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2011, FEDTX's average daily return is +0.03%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +11.0%, 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, FEDTX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.6%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.60% | 5.51% | -7.51% | 10.79% | 0.94% | 0.13% | -0.75% | 17.79% | |||||
| 2025 | 0.07% | 0.33% | 1.05% | 3.12% | 6.24% | 6.53% | -1.62% | 4.42% | 1.95% | 3.03% | 1.24% | 1.42% | 31.19% |
| 2024 | -6.13% | 4.50% | 1.87% | -0.25% | -0.06% | 1.91% | 0.24% | 0.66% | 4.31% | -6.02% | -3.36% | -1.25% | -4.16% |
| 2023 | 7.67% | -3.36% | 0.97% | 2.34% | -1.62% | 6.36% | 4.37% | -5.61% | -0.91% | -3.49% | 7.85% | 5.06% | 20.12% |
| 2022 | -2.32% | -1.86% | -0.59% | -5.46% | 1.74% | -8.62% | 2.85% | 0.73% | -9.47% | 2.64% | 10.51% | -1.61% | -12.35% |
| 2021 | 1.31% | 1.77% | 0.35% | 4.62% | 3.75% | 1.91% | -2.51% | 2.19% | -4.09% | -0.05% | -3.93% | 0.98% | 6.05% |
Benchmark Metrics
Fidelity Advisor Emerging Markets Discovery Fund Class M has an annualized alpha of -0.19%, beta of 0.64, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since November 02, 2011.
- This fund participated in 83.83% of S&P 500 Index downside but only 67.16% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.64 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.19%
- Beta
- 0.64
- R²
- 0.52
- Upside Capture
- 67.16%
- Downside Capture
- 83.83%
Expense Ratio
FEDTX has a high expense ratio of 1.76%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FEDTX ranks 84 for risk / return — above 84% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEDTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.00 | +1.28 |
| Martin ratioReturn relative to average drawdown | 11.13 | 8.49 | +2.64 |
Dividends
Dividend History
Fidelity Advisor Emerging Markets Discovery Fund Class M provided a 3.66% dividend yield over the last twelve months, with an annual payout of $0.82 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 | $0.82 | $0.82 | $0.50 | $0.27 | $0.15 | $1.81 | $0.01 | $0.07 | $0.11 | $0.23 | $0.11 | $0.02 |
Dividend yield | 3.66% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Emerging Markets Discovery Fund Class M. 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 | $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 | $0.82 | $0.82 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.81 | $1.81 |
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 Advisor Emerging Markets Discovery Fund Class M. 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 Advisor Emerging Markets Discovery Fund Class M was 43.70%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.
The current Fidelity Advisor Emerging Markets Discovery Fund Class M drawdown is 3.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-43.70%Mar 2020 | 2y 1mo | 8mo 28d | 2y 10moJan 2018 - Dec 2020 | COVID crash2020 |
-28.88%Jan 2016 | 1y 4mo | 1y 1mo | 2y 6moSep 2014 - Mar 2017 | — |
-27.91%Oct 2022 | 1y 1mo | 1y 7mo | 2y 8moSep 2021 - May 2024 | Bear market2022 |
-17.51%Apr 2025 | 6mo 7d | 1mo 21d | 7mo 28dOct 2024 - May 2025 | 2025 selloff2025 |
-13.09%Aug 2013 | 3mo 21d | 9mo 10d | 1y 26dMay 2013 - Jun 2014 | — |
Drawdown Indicators
| FEDTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -56.78% | +13.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -9.10% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -18.90% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -25.43% | -2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -33.92% | -9.78% |
Current DrawdownCurrent decline from peak | -3.48% | -1.58% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -10.70% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.14% | +0.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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