FEMSX Alternatives & Similar Mutual Funds

Fidelity Series Emerging Markets Opportunities Fund (FEMSX) 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 FEMSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FEMSX

FEMSX charges 0.01% annually. No mutual funds in the Emerging Markets Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	FEMSX vs FHKFX
VEMRX	Vanguard Emerging Markets Index Fund Institutional...	0.08%	162.80B	Dec 2010	FEMSX vs VEMRX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.10%	—	Jun 2000	FEMSX vs VEMIX
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	0.13%	162.80B	Jun 2006	FEMSX vs VEMAX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	0.23%	—	Jan 2019	FEMSX vs FGKPX

Best Risk-Adjusted Alternatives to FEMSX

FEMSX has a PortfoliosLab risk / return rank of 81. There are 15 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
DEMAX	Nomura Emerging Markets Fund Class A	97	—	Jun 1996	FEMSX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	97	—	Jun 1996	FEMSX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	95	—	Jul 2022	FEMSX vs WXCIX
FTMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	88	—	Mar 2004	FEMSX vs FTMKX
EMF	Templeton Emerging Markets Fund	88	—	Feb 1987	FEMSX vs EMF

Top Performing FEMSX Alternatives (YTD)

FEMSX is at 26.98% YTD. There are 9 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 125.73%.

Symbol	Name	YTD Return	AUM	Inception
DEMAX	Nomura Emerging Markets Fund Class A	125.73%	—	Jun 1996	FEMSX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	124.93%	—	Jun 1996	FEMSX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	52.06%	—	Jul 2022	FEMSX vs WXCIX
CNWIX	Calamos Evolving World Growth Fund Class I	41.99%	—	—	FEMSX vs CNWIX
EMF	Templeton Emerging Markets Fund	37.12%	—	Feb 1987	FEMSX vs EMF

Lowest Volatility Alternatives to FEMSX

FEMSX has 21.92% 1-year volatility. There are 28 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.10%.

Symbol	Name	Volatility 1Y	AUM	Inception
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	11.10%	—	Jan 2019	FEMSX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.61%	—	—	FEMSX vs GQGIX
SIVLX	Seafarer Overseas Value Fund Institutional Class	13.15%	—	May 2016	FEMSX vs SIVLX
SFENX	Schwab Fundamental Emerging Markets Equity Index F...	14.01%	—	Jan 2008	FEMSX vs SFENX
FEDTX	Fidelity Advisor Emerging Markets Discovery Fund C...	14.31%	—	Nov 2011	FEMSX vs FEDTX

Lowest Drawdown Alternatives to FEMSX

FEMSX has a 1-year max drawdown of -13.42%. There are 27 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	FEMSX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	-9.11%	—	—	FEMSX vs GQGIX
SFENX	Schwab Fundamental Emerging Markets Equity Index F...	-9.45%	—	Jan 2008	FEMSX vs SFENX
FEDDX	Fidelity Emerging Markets Discovery Fund	-9.54%	—	Nov 2011	FEMSX vs FEDDX
FIQGX	Fidelity Advisor Emerging Markets Discovery Fund C...	-9.55%	—	Oct 2018	FEMSX 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
FXAIX	Fidelity 500 Index Fund	S&P 500	52	8.21%	—	Feb 1988	FEMSX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	94	75.83%	—	Jul 1985	FEMSX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	52	8.88%	—	—	FEMSX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	52	8.93%	—	—	FEMSX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	16	1.51%	—	—	FEMSX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	54	13.83%	—	Dec 1987	FEMSX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	30	7.14%	176.32B	May 1967	FEMSX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	49	8.03%	—	—	FEMSX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	31	8.45%	—	Nov 1997	FEMSX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	49	12.47%	—	Jun 2016	FEMSX vs FTIHX

Often Compared With FEMSX

Investors most often compare FEMSX with FDEM, FPADX, VWO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FDEM	Fidelity Emerging Markets Multifactor ETF	Emerging Markets Equities	57	17.45%	608.46M	Feb 2019	FEMSX vs FDEM
FPADX	Fidelity Emerging Markets Index Fund	Emerging Markets Diversified	73	23.68%	—	Sep 2011	FEMSX vs FPADX
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	45	9.82%	162.80B	Mar 2005	FEMSX vs VWO
AIA	iShares Asia 50 ETF	Asia Pacific Equities	87	43.98%	5.44B	Nov 2007	FEMSX vs AIA
SPEM	SPDR Portfolio Emerging Markets ETF	Emerging Markets Equities	47	10.41%	17.88B	Mar 2007	FEMSX vs SPEM
FDIVX	Fidelity Diversified International Fund	Foreign Large Cap Equities	29	11.72%	—	Dec 1991	FEMSX vs FDIVX
FENI	Fidelity Enhanced International ETF	Foreign Large Cap Equities	50	9.84%	9.83B	Dec 2007	FEMSX vs FENI
AVEEX	Avantis Emerging Markets Equity Fund	Emerging Markets Diversified	72	20.99%	—	Dec 2019	FEMSX vs AVEEX
SEMNX	Hartford Schroders Emerging Markets Equity Fund Cl...	Emerging Markets Equities	84	28.10%	—	—	FEMSX vs SEMNX
PEAFX	PIMCO RAE Emerging Markets Fund Class A	Emerging Markets Equities	29	9.04%	—	Jun 2015	FEMSX vs PEAFX
FIMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	Emerging Markets Equities	87	25.67%	—	Mar 2004	FEMSX vs FIMKX
ODVIX	Invesco Developing Markets Fund Class R6	Emerging Markets Equities	59	15.04%	—	Dec 2011	FEMSX vs ODVIX
JEMWX	JPMorgan Emerging Markets Equity Fund Class R6	Emerging Markets Equities	87	29.07%	—	Dec 2013	FEMSX vs JEMWX
VEIEX	Vanguard Emerging Markets Stock Index Fund Investo...	Emerging Markets Equities	44	10.42%	—	May 1994	FEMSX vs VEIEX
FEMKX	Fidelity Emerging Markets	Emerging Markets Equities	68	22.50%	—	Nov 1990	FEMSX vs FEMKX
PZIEX	Pzena Emerging Markets Value Fund Institutional Cl...	Emerging Markets Equities	50	8.41%	—	Mar 2014	FEMSX vs PZIEX
WCMEX	WCM Focused Emerging Markets Fund Institutional Cl...	Emerging Markets Equities	72	25.22%	—	Jun 2013	FEMSX vs WCMEX
FEDIX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	80	17.37%	—	Nov 2011	FEMSX vs FEDIX
VMMSX	Vanguard Emerging Markets Select Stock Fund	Emerging Markets Equities	59	14.21%	1.30B	Jun 2011	FEMSX vs VMMSX
FEDAX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	80	17.29%	—	Nov 2011	FEMSX vs FEDAX

Compare FEMSX with Any Fund or Stock

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

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Diversifiers

Pair FEMSX with funds that move differently

Fidelity Series Emerging Markets Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEMSX.

Explore FEMSX Diversifiers

Fidelity Series Emerging Markets Opportunities Fund (FEMSX) Alternatives