- Issuer
- Fidelity
- Inception Date
- May 11, 2020
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FEMVX Performance Chart
Fidelity SAI Emerging Markets Value Index Fund (FEMVX) is up 35.0% since the beginning of the year. FEMVX is currently trading at $23 per share. Investors who bought $1,000 worth of FEMVX shares 5 years ago would now be looking at an investment worth $1,851.
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Returns By Period
Fidelity SAI Emerging Markets Value Index Fund (FEMVX) has returned 34.98% so far this year and 68.08% over the past 12 months.
Fidelity SAI Emerging Markets Value Index Fund
- 1D
- 2.90%
- 1M
- 13.31%
- YTD
- 34.98%
- 6M
- 38.86%
- 1Y
- 68.08%
- 3Y*
- 30.26%
- 5Y*
- 13.10%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FEMVX Monthly Returns History
Based on dividend-adjusted daily data since May 12, 2020, FEMVX's average daily return is +0.07%, while the average monthly return is +1.52%. At this rate, an investment would double in approximately 3.8 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2022 with a return of +14.8%, while the worst month was Sep 2022 at -10.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FEMVX closed higher 53% of trading days. The best single day was Mar 16, 2022 with a return of +5.4%, while the worst single day was Apr 4, 2025 at -4.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.38% | 6.89% | -8.68% | 11.57% | 10.12% | 2.90% | 34.98% | ||||||
| 2025 | 1.83% | 0.45% | 0.97% | -0.52% | 4.39% | 6.49% | 1.74% | 1.38% | 5.52% | 6.03% | -1.91% | 3.61% | 33.95% |
| 2024 | -2.72% | 4.32% | 2.44% | 1.03% | 3.14% | 3.88% | 1.39% | 0.94% | 3.36% | -4.09% | -1.52% | -0.69% | 11.68% |
| 2023 | 8.39% | -5.95% | 3.07% | 1.05% | -1.48% | 4.32% | 4.98% | -5.23% | -0.59% | -3.76% | 6.92% | 5.73% | 17.43% |
| 2022 | 1.61% | -3.52% | -2.01% | -5.32% | 0.80% | -8.28% | -0.09% | -0.52% | -10.48% | -0.49% | 14.80% | -2.87% | -16.98% |
| 2021 | 2.43% | 2.09% | 1.97% | 1.52% | 2.25% | 0.13% | -4.32% | 2.64% | -3.45% | 0.42% | -3.42% | 4.03% | 6.02% |
Benchmark Metrics
Fidelity SAI Emerging Markets Value Index Fund has an annualized alpha of 7.76%, beta of 0.63, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since May 13, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.82%) than losses (60.77%) - typical of diversified or defensive assets.
- Beta of 0.63 may look defensive, but with R2 of 0.45 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.45 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
- 7.76%
- Beta
- 0.63
- R²
- 0.45
- Upside Capture
- 77.82%
- Downside Capture
- 60.77%
Expense Ratio
FEMVX has an expense ratio of 0.22%, which is considered low.
Return for Risk
Risk / Return Rank
FEMVX ranks 96 for risk / return — in the top 96% 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 SAI Emerging Markets Value Index Fund (FEMVX) and compare them to S&P 500 Index.
| FEMVX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.07 | 2.39 | +1.68 |
Sortino ratioReturn per unit of downside risk | 5.06 | 3.25 | +1.81 |
Omega ratioGain probability vs. loss probability | 1.76 | 1.43 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.11 | +2.54 |
Martin ratioReturn relative to average drawdown | 22.31 | 14.38 | +7.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity SAI Emerging Markets Value Index Fund provided a 2.94% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.67 | $0.48 | $0.57 | $0.53 | $0.69 |
Dividend yield | 2.94% | 3.97% | 3.65% | 4.73% | 4.87% | 5.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Emerging Markets Value Index 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 | $0.67 | $0.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2021 | $0.69 | $0.69 |
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 SAI Emerging Markets Value Index 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 SAI Emerging Markets Value Index Fund was 30.54%, occurring on Oct 14, 2022. Recovery took 395 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -30.54%Oct 2022 | 1y 4mo | 1y 7mo | 2y 11moJun 2021 - May 2024 |
2025 selloff2025 | -15.64%Apr 2025 | 6mo 13d | 1mo 6d | 7mo 19dSep 2024 - May 2025 |
2026 correction2026 | -12.20%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.28%Aug 2024 | 21d | 1mo 20d | 2mo 11dJul 2024 - Sep 2024 |
2021 pullback2021 | -5.89%Jan 2021 | 8d | 13d | 21dJan 2021 - Feb 2021 |
Drawdown Indicators
| FEMVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.54% | -56.78% | +26.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -9.10% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | -18.90% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.54% | -25.43% | -5.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -10.72% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.97% | +1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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