Fidelity Emerging Markets Fund (FEMKX) 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 FEMKX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEMKX
FEMKX charges 0.86% annually. There are 12 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 | FEMKX vs FHKFX | |
| Fidelity Series Emerging Markets Opportunities Fun... | 0.01% | — | Dec 2008 | FEMKX vs FEMSX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FEMKX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FEMKX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FEMKX vs VEMAX |
Best Risk-Adjusted Alternatives to FEMKX
FEMKX has a PortfoliosLab risk / return rank of 69. There are 22 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 96 | — | Jun 1996 | FEMKX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 95 | — | Jun 1996 | FEMKX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 90 | — | Jul 2022 | FEMKX vs WXCIX | |
| Templeton Emerging Markets Fund | 88 | — | Feb 1987 | FEMKX vs EMF | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 87 | — | Aug 2013 | FEMKX vs FZAEX |
Top Performing FEMKX Alternatives (YTD)
FEMKX is at 20.97% YTD. There are 18 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 106.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 106.02% | — | Jun 1996 | FEMKX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 105.23% | — | Jun 1996 | FEMKX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 43.69% | — | Jul 2022 | FEMKX vs WXCIX | |
| Templeton Emerging Markets Fund | 36.34% | — | Feb 1987 | FEMKX vs EMF | |
| Calamos Evolving World Growth Fund Class I | 35.50% | — | — | FEMKX vs CNWIX |
Lowest Volatility Alternatives to FEMKX
FEMKX has 22.80% 1-year volatility. There are 29 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.25% | — | Jan 2019 | FEMKX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.43% | — | — | FEMKX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.19% | — | May 2016 | FEMKX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.14% | — | Jan 2008 | FEMKX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.50% | — | Nov 2011 | FEMKX vs FEDTX |
Lowest Drawdown Alternatives to FEMKX
FEMKX has a 1-year max drawdown of -13.00%. There are 22 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 | FEMKX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FEMKX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FEMKX vs SFENX | |
| Fidelity Emerging Markets Discovery Fund | -9.54% | — | Nov 2011 | FEMKX vs FEDDX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FEMKX 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 | 65 | 10.87% | — | Feb 1988 | FEMKX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.51% | — | Jul 1985 | FEMKX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 65 | 11.51% | — | — | FEMKX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 11.52% | — | — | FEMKX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 4.54% | — | — | FEMKX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.64% | — | Dec 1987 | FEMKX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 37 | 10.44% | 176.32B | May 1967 | FEMKX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 10.70% | — | — | FEMKX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.16% | — | Nov 1997 | FEMKX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 13.16% | — | Jun 2016 | FEMKX vs FTIHX |
Often Compared With FEMKX
Investors most often compare FEMKX with VWO, FKEMX, FIMKX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FEMKX with Any Fund or Stock
Compare FEMKX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEMKX with funds that move differently
Fidelity Emerging Markets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEMKX.
Explore FEMKX Diversifiers