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Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) Sharpe Ratio: 1.33

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The fund normally invests at least 80% of assets in securities included in the Fidelity Emerging Markets Low Volatility Focus Index?, which reflects the performance of a broad range of emerging market equities that in the aggregate have lower volatility relative to the broader emerging equity markets.

FGKPX's Sharpe Ratio of 1.33 indicates that for each unit of volatility, it generates 1.33 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FGKPX Sharpe Ratio Rank

FGKPX Sharpe Ratio Rank: 49.850
Average

FGKPX ranks above 49.8% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

FGKPX Sharpe Ratio Market Positioning

The chart shows FGKPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.74+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity SAI Emerging Markets Low Volatility Index Fund's Sharpe Ratio with other mutual funds in the Emerging Markets Equities, Low Volatility category across multiple time periods, showing how FGKPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
LVAFXLSV Global Managed Volatility Fund3.40
RLEMXLazard Emerging Markets Equity Portfolio Class R62.94
LZEMXLazard Emerging Markets Equity Portfolio2.93
DEMIXDelaware Emerging Markets Fund2.80
DEMAXNomura Emerging Markets Fund Class A2.79
DEMCXNomura Emerging Markets Fund Class C2.75
SGMAXSEI Institutional Investments Trust Global Managed Volatility Fund2.68
LVAMXLSV U.S. Managed Volatility Fund2.44
IFTIXVoya International High Dividend Low Volatility Portfolio2.41
FQEMXFranklin Templeton SMACS: Series EM2.36
FGKPXFidelity SAI Emerging Markets Low Volatility Index Fund1.33
Benchmark

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Historical Sharpe Ratio

The chart shows FGKPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FGKPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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