- ISIN
- US3159108691
- CUSIP
- 315910869
- Issuer
- Fidelity
- Inception Date
- Nov 1, 1990
- Category
- Emerging Markets Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FEMKX Performance Chart
Fidelity Emerging Markets (FEMKX) is up 27.9% since the beginning of the year. FEMKX is currently trading at $64 per share. Investors who bought $1,000 worth of FEMKX shares 5 years ago would now be looking at an investment worth $1,442.
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Returns By Period
Fidelity Emerging Markets (FEMKX) has returned 27.91% so far this year and 55.13% over the past 12 months. Over the last ten years, FEMKX has returned 12.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Emerging Markets
- 1D
- 3.64%
- 1M
- 7.14%
- YTD
- 27.91%
- 6M
- 29.94%
- 1Y
- 55.13%
- 3Y*
- 21.96%
- 5Y*
- 7.60%
- 10Y*
- 12.36%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FEMKX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 1990, FEMKX's average daily return is +0.03%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +20.0%, while the worst month was Aug 1998 at -32.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FEMKX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +15.3%, while the worst single day was Oct 15, 2008 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.72% | 3.19% | -8.34% | 14.10% | 6.82% | 3.96% | 27.91% | ||||||
| 2025 | 1.42% | -1.89% | -0.69% | 1.04% | 5.29% | 7.22% | 0.56% | 2.20% | 8.71% | 5.11% | -3.29% | 2.37% | 31.02% |
| 2024 | -3.21% | 5.60% | 2.93% | -2.13% | 2.99% | 4.64% | -0.88% | 0.08% | 3.96% | -2.69% | -2.33% | -1.50% | 7.12% |
| 2023 | 11.08% | -5.73% | 3.50% | -1.41% | -0.51% | 4.55% | 4.58% | -4.90% | -4.00% | -4.11% | 9.26% | 3.59% | 15.16% |
| 2022 | -4.28% | -6.25% | -3.85% | -7.91% | 0.61% | -5.99% | 1.34% | -0.72% | -11.97% | -4.03% | 17.90% | -3.70% | -27.48% |
| 2021 | 2.61% | 1.81% | -2.49% | 2.06% | 1.68% | 1.66% | -6.23% | 3.63% | -3.19% | 2.99% | -2.99% | 0.25% | 1.25% |
Benchmark Metrics
Fidelity Emerging Markets has an annualized alpha of 0.37%, beta of 0.75, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since October 31, 1990.
- This fund participated in 111.94% of S&P 500 Index downside but only 98.92% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.37%
- Beta
- 0.75
- R²
- 0.46
- Upside Capture
- 98.92%
- Downside Capture
- 111.94%
Expense Ratio
FEMKX has an expense ratio of 0.88%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEMKX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Emerging Markets (FEMKX) 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.
| FEMKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 2.78 | +1.41 |
| Martin ratioReturn relative to average drawdown | 14.95 | 12.44 | +2.51 |
Dividends
Dividend History
Fidelity Emerging Markets provided a 0.04% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.02 | $0.02 | $0.25 | $0.40 | $0.24 | $2.62 | $0.63 | $0.60 | $0.22 | $0.03 | $0.15 | $0.11 |
Dividend yield | 0.04% | 0.05% | 0.65% | 1.11% | 0.77% | 6.00% | 1.39% | 1.71% | 0.83% | 0.08% | 0.67% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Emerging Markets. 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.62 | $2.62 |
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 Emerging Markets. 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 Emerging Markets was 71.14%, occurring on Nov 20, 2008. Recovery took 2293 trading sessions.
The current Fidelity Emerging Markets drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.14%Nov 2008 | 1y 20d | 9y 1mo | 10y 2moNov 2007 - Jan 2018 |
1998 bear market1998 | -71.09%Sep 1998 | 4y 8mo | 7y 3mo | 11y 11moJan 1994 - Dec 2005 |
Bear market2022 | -43.24%Oct 2022 | 1y 8mo | 2y 11mo | 4y 7moFeb 2021 - Sep 2025 |
COVID crash2020 | -29.99%Mar 2020 | 2mo 2d | 3mo 15d | 5mo 17dJan 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -27.44%Oct 2018 | 9mo 3d | 1y 1mo | 1y 10moJan 2018 - Dec 2019 |
Drawdown Indicators
| FEMKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -56.78% | -14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.10% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -18.90% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -40.88% | -25.43% | -15.45% |
Max Drawdown (10Y)Largest decline over 10 years | -43.24% | -33.92% | -9.32% |
Current DrawdownCurrent decline from peak | -0.23% | -1.80% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -25.92% | -10.71% | -15.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.03% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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