FEDTX Alternatives & Similar Mutual Funds

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 35 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	FEDTX vs FEMSX
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	FEDTX vs FHKFX
VEMRX	Vanguard Emerging Markets Index Fund Institutional...	0.08%	159.90B	Dec 2010	FEDTX vs VEMRX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.10%	—	Jun 2000	FEDTX vs VEMIX
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	0.14%	159.90B	Jun 2006	FEDTX vs VEMAX

Best Risk-Adjusted Alternatives to FEDTX

FEDTX has a PortfoliosLab risk / return rank of 86. There are 23 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
DEMAX	Nomura Emerging Markets Fund Class A	98	—	Jun 1996	FEDTX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	98	—	Jun 1996	FEDTX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	95	—	Jul 2022	FEDTX vs WXCIX
FZAEX	Fidelity Advisor Focused Emerging Markets Fund Cla...	95	—	Aug 2013	FEDTX vs FZAEX
FIMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	94	—	Mar 2004	FEDTX vs FIMKX

Top Performing FEDTX Alternatives (YTD)

FEDTX is at 19.78% YTD. There are 27 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 112.66%.

Symbol	Name	YTD Return	AUM	Inception
DEMAX	Nomura Emerging Markets Fund Class A	112.66%	—	Jun 1996	FEDTX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	112.02%	—	Jun 1996	FEDTX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	51.69%	—	Jul 2022	FEDTX vs WXCIX
CNWIX	Calamos Evolving World Growth Fund Class I	51.09%	—	—	FEDTX vs CNWIX
EMF	Templeton Emerging Markets Fund	41.37%	—	Feb 1987	FEDTX vs EMF

Lowest Volatility Alternatives to FEDTX

FEDTX has 13.18% 1-year volatility. There are 3 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.64%.

Symbol	Name	Volatility 1Y	AUM	Inception
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	9.64%	—	Jan 2019	FEDTX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.36%	—	—	FEDTX vs GQGIX
SIVLX	Seafarer Overseas Value Fund Institutional Class	12.04%	—	May 2016	FEDTX vs SIVLX
FEDIX	Fidelity Advisor Emerging Markets Discovery Fund C...	13.18%	—	Nov 2011	FEDTX vs FEDIX
FEDDX	Fidelity Emerging Markets Discovery Fund	13.20%	—	Nov 2011	FEDTX vs FEDDX

Lowest Drawdown Alternatives to FEDTX

FEDTX has a 1-year max drawdown of -9.62%. There are 6 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
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	FEDTX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	-9.11%	—	—	FEDTX vs GQGIX
FEDDX	Fidelity Emerging Markets Discovery Fund	-9.54%	—	Nov 2011	FEDTX vs FEDDX
FIQGX	Fidelity Advisor Emerging Markets Discovery Fund C...	-9.55%	—	Oct 2018	FEDTX vs FIQGX
FEDIX	Fidelity Advisor Emerging Markets Discovery Fund C...	-9.58%	—	Nov 2011	FEDTX vs FEDIX

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
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	FEDTX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	85.56%	—	Jul 1985	FEDTX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	12.01%	—	—	FEDTX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	32	8.60%	—	—	FEDTX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	12.08%	—	—	FEDTX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	18.56%	—	Dec 1987	FEDTX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	35	7.76%	176.32B	May 1967	FEDTX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.56%	—	—	FEDTX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.51%	—	Nov 1997	FEDTX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	58	15.53%	—	Jun 2016	FEDTX vs FTIHX

Often Compared With FEDTX

Investors most often compare FEDTX with QQQM, SCHD, PEAFX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	74	21.39%	96.91B	Oct 2020	FEDTX vs QQQM
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	FEDTX vs SCHD
PEAFX	PIMCO RAE Emerging Markets Fund Class A	Emerging Markets Equities	56	18.16%	—	Jun 2015	FEDTX vs PEAFX
PZIEX	Pzena Emerging Markets Value Fund Institutional Cl...	Emerging Markets Equities	79	17.08%	—	Mar 2014	FEDTX vs PZIEX
JEMWX	JPMorgan Emerging Markets Equity Fund Class R6	Emerging Markets Equities	92	33.11%	—	Dec 2013	FEDTX vs JEMWX
VEIEX	Vanguard Emerging Markets Stock Index Fund Investo...	Emerging Markets Equities	58	13.88%	—	May 1994	FEDTX vs VEIEX
FEMKX	Fidelity Emerging Markets	Emerging Markets Equities	87	28.21%	—	Nov 1990	FEDTX vs FEMKX
ODVYX	Invesco Developing Markets Fund Class Y	Emerging Markets Equities	84	23.91%	—	Sep 2005	FEDTX vs ODVYX
EAD	Emerging Markets Dividend Fund	Emerging Markets Equities	6	-0.23%	—	Jan 2013	FEDTX vs EAD
FEDAX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	87	19.92%	—	Nov 2011	FEDTX vs FEDAX
KF	The Korea Fund Inc	Emerging Markets Equities	97	112.42%	—	Aug 1984	FEDTX vs KF
ODVIX	Invesco Developing Markets Fund Class R6	Emerging Markets Equities	85	23.99%	—	Dec 2011	FEDTX vs ODVIX
VMMSX	Vanguard Emerging Markets Select Stock Fund	Emerging Markets Equities	82	20.95%	1.20B	Jun 2011	FEDTX vs VMMSX
IFN	The India Fund	Emerging Markets Equities	0	-15.46%	—	Feb 1994	FEDTX vs IFN
IIF	Morgan Stanley India Investment Fund	Emerging Markets Equities	1	-15.01%	—	Feb 1994	FEDTX vs IIF
FEDGX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	85	19.51%	—	Nov 2011	FEDTX vs FEDGX
NFFFX	American Funds New World Fund	Emerging Markets Equities	66	17.55%	—	Jun 1999	FEDTX vs NFFFX
FAMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	Emerging Markets Equities	94	33.58%	—	Mar 2004	FEDTX vs FAMKX
SEMNX	Hartford Schroders Emerging Markets Equity Fund Cl...	Emerging Markets Equities	93	36.03%	—	—	FEDTX vs SEMNX
JEMSX	JPMorgan Emerging Markets Equity Fund Class I	Emerging Markets Equities	92	33.01%	—	—	FEDTX vs JEMSX

Compare FEDTX with Any Fund or Stock

Compare FEDTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) Alternatives