Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity SAI Emerging Markets Low Volatility Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) has returned -1.04% so far this year and 11.99% over the past 12 months.

Based on dividend-adjusted daily data since Feb 7, 2019, FGKPX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 53% of months were positive and 47% were negative. The best month was Nov 2022 with a return of +9.6%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FGKPX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.7%, while the worst single day was Mar 16, 2020 at -7.6%.

Fidelity SAI Emerging Markets Low Volatility Index Fund has an annualized alpha of -0.28%, beta of 0.43, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since February 08, 2019.

• This fund participated in 64.63% of S&P 500 Index downside but only 46.15% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.43 may look defensive, but with R² of 0.48 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 0.48 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

FGKPX has an expense ratio of 0.23%, which is considered low.

FGKPX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity SAI Emerging Markets Low Volatility Index Fund provided a 7.83% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity SAI Emerging Markets Low Volatility Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity SAI Emerging Markets Low Volatility 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 Low Volatility Index Fund was 32.05%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The current Fidelity SAI Emerging Markets Low Volatility Index Fund drawdown is 6.93%.

The chart below shows the rolling one-month volatility.