Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) 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 FEDTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEDTX
FEDTX charges 1.76% annually. There are 36 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 | FEDTX vs FHKFX | |
| Fidelity Series Emerging Markets Opportunities Fun... | 0.01% | — | Dec 2008 | FEDTX vs FEMSX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FEDTX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FEDTX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FEDTX vs VEMAX |
Best Risk-Adjusted Alternatives to FEDTX
FEDTX has a PortfoliosLab risk / return rank of 77. There are 18 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 | FEDTX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 94 | — | Jun 1996 | FEDTX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 89 | — | Jul 2022 | FEDTX vs WXCIX | |
| Templeton Emerging Markets Fund | 85 | — | Feb 1987 | FEDTX vs EMF | |
| JPMorgan Emerging Markets Equity Fund Class R6 | 82 | — | Dec 2013 | FEDTX vs JEMWX |
Top Performing FEDTX Alternatives (YTD)
FEDTX is at 16.68% YTD. There are 24 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 | FEDTX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 84.89% | — | Jun 1996 | FEDTX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 40.06% | — | Jul 2022 | FEDTX vs WXCIX | |
| Templeton Emerging Markets Fund | 32.25% | — | Feb 1987 | FEDTX vs EMF | |
| Calamos Evolving World Growth Fund Class I | 29.22% | — | — | FEDTX vs CNWIX |
Lowest Volatility Alternatives to FEDTX
FEDTX has 14.66% 1-year volatility. There are 4 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 | FEDTX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.46% | — | — | FEDTX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.32% | — | May 2016 | FEDTX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.17% | — | Jan 2008 | FEDTX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.67% | — | Nov 2011 | FEDTX vs FEDIX |
Lowest Drawdown Alternatives to FEDTX
FEDTX has a 1-year max drawdown of -9.62%. There are 7 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 | FEDTX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FEDTX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FEDTX vs SFENX | |
| Fidelity Emerging Markets Discovery Fund | -9.54% | — | Nov 2011 | FEDTX vs FEDDX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FEDTX 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 | FEDTX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 89 | 60.71% | — | Jul 1985 | FEDTX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.00% | — | — | FEDTX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 10.98% | — | — | FEDTX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 3.03% | — | — | FEDTX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 52 | 14.20% | — | Dec 1987 | FEDTX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 9.37% | 176.32B | May 1967 | FEDTX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 58 | 10.25% | — | — | FEDTX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 9.38% | — | Nov 1997 | FEDTX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 50 | 11.66% | — | Jun 2016 | FEDTX vs FTIHX |
Often Compared With FEDTX
Investors most often compare FEDTX with QQQM, PZIEX, PEAFX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare FEDTX with Any Fund or Stock
Compare FEDTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEDTX with funds that move differently
Fidelity Advisor Emerging Markets Discovery Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEDTX.
Explore FEDTX Diversifiers