- ISIN
- US3159101258
- CUSIP
- 315910125
- Issuer
- Fidelity
- Inception Date
- Dec 9, 2008
- Category
- Emerging Markets Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FEMSX Performance Chart
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) is up 33.0% since the beginning of the year. FEMSX is currently trading at $33 per share. Investors who bought $1,000 worth of FEMSX shares 5 years ago would now be looking at an investment worth $1,546.
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Returns By Period
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has returned 33.02% so far this year and 63.00% over the past 12 months. Over the last ten years, FEMSX has had an annualized return of 13.36%, just under the S&P 500 Index benchmark’s 13.88%.
Fidelity Series Emerging Markets Opportunities Fund
- 1D
- 3.50%
- 1M
- 6.91%
- YTD
- 33.02%
- 6M
- 35.78%
- 1Y
- 63.00%
- 3Y*
- 26.52%
- 5Y*
- 9.10%
- 10Y*
- 13.36%
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%
FEMSX Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2008, FEMSX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +19.9%, while the worst month was Mar 2020 at -17.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FEMSX closed higher 53% of trading days. The best single day was Mar 16, 2022 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.53% | 6.26% | -9.41% | 13.54% | 7.56% | 3.31% | 33.02% | ||||||
| 2025 | 1.86% | 0.96% | 1.33% | 0.10% | 4.76% | 6.99% | 1.17% | 2.35% | 7.66% | 4.27% | -2.13% | 3.68% | 37.92% |
| 2024 | -4.10% | 4.63% | 2.59% | 0.11% | 1.96% | 3.29% | -0.21% | 0.32% | 6.59% | -3.44% | -2.58% | -1.01% | 7.84% |
| 2023 | 10.31% | -7.43% | 3.26% | 0.06% | -2.00% | 4.95% | 6.43% | -6.37% | -3.08% | -3.24% | 8.08% | 4.22% | 14.23% |
| 2022 | -1.71% | -7.55% | -3.66% | -6.36% | 1.33% | -6.30% | -0.00% | -0.12% | -11.14% | -2.41% | 16.23% | -2.94% | -23.95% |
| 2021 | 3.08% | 1.17% | -1.42% | 1.29% | 1.92% | 1.40% | -7.00% | 1.92% | -4.40% | 1.44% | -4.46% | 0.37% | -5.14% |
Benchmark Metrics
Fidelity Series Emerging Markets Opportunities Fund has an annualized alpha of 0.74%, beta of 0.86, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since December 10, 2008.
- This fund participated in 93.93% of S&P 500 Index downside but only 88.03% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.86 and R2 of 0.60, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.74%
- Beta
- 0.86
- R²
- 0.60
- Upside Capture
- 88.03%
- Downside Capture
- 93.93%
Expense Ratio
FEMSX has an expense ratio of 0.01%, which is considered low.
Return for Risk
Risk / Return Rank
FEMSX ranks 89 for risk / return — in the top 89% 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 Series Emerging Markets Opportunities Fund (FEMSX) 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.
| FEMSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 2.78 | +1.88 |
| Martin ratioReturn relative to average drawdown | 17.52 | 12.44 | +5.09 |
Dividends
Dividend History
Fidelity Series Emerging Markets Opportunities Fund provided a 1.84% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.60 | $0.38 | $0.49 | $0.37 | $2.70 | $0.75 | $0.51 | $1.55 | $1.92 | $0.23 | $0.18 |
Dividend yield | 1.84% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Emerging Markets Opportunities Fund. 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 | $0.60 | $0.60 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.70 | $2.70 |
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 Series Emerging Markets Opportunities Fund. 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 Series Emerging Markets Opportunities Fund was 44.16%, occurring on Oct 24, 2022. Recovery took 724 trading sessions.
The current Fidelity Series Emerging Markets Opportunities Fund drawdown is 0.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -44.16%Oct 2022 | 1y 8mo | 2y 10mo | 4y 7moFeb 2021 - Sep 2025 |
COVID crash2020 | -34.63%Mar 2020 | 2mo 2d | 5mo 5d | 7mo 7dJan 2020 - Aug 2020 |
2016 bear market2016 | -33.30%Jan 2016 | 1y 4mo | 1y 3mo | 2y 8moSep 2014 - May 2017 |
2011 bear market2011 | -30.98%Oct 2011 | 5mo 25d | 2y 8mo | 3y 2moApr 2011 - Jun 2014 |
Rate-hike selloffLate 2018 | -27.17%Oct 2018 | 9mo 3d | 1y 2mo | 1y 11moJan 2018 - Jan 2020 |
Drawdown Indicators
| FEMSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -56.78% | +12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -9.10% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -18.90% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -25.43% | -16.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -33.92% | -10.24% |
Current DrawdownCurrent decline from peak | -0.49% | -1.80% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -13.38% | -10.71% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.03% | +1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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