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ISIN
US31618H3416
CUSIP
31618H341
Issuer
Fidelity
Inception Date
Aug 29, 2018
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

FHKFX Performance Chart

Fidelity Series Emerging Markets Fund (FHKFX) is up 33.7% since the beginning of the year. FHKFX is currently trading at $16 per share. Investors who bought $1,000 worth of FHKFX shares 5 years ago would now be looking at an investment worth $1,501.


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S&P 500 Index

Returns By Period

Fidelity Series Emerging Markets Fund (FHKFX) has returned 33.65% so far this year and 62.95% over the past 12 months.


Fidelity Series Emerging Markets Fund

1D
3.16%
1M
5.23%
YTD
33.65%
6M
35.83%
1Y
62.95%
3Y*
25.48%
5Y*
8.46%
10Y*

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FHKFX Monthly Returns History

Based on dividend-adjusted daily data since Aug 29, 2018, FHKFX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +17.6%, while the worst month was Mar 2020 at -19.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FHKFX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +7.7%, while the worst single day was Mar 16, 2020 at -10.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.39%6.56%-8.69%14.35%6.38%2.28%33.65%
20251.73%1.47%1.90%0.11%4.81%6.58%1.57%3.09%7.95%3.73%-2.51%3.02%38.51%
2024-4.02%6.03%1.74%-0.34%1.60%3.83%-0.65%0.00%5.25%-2.60%-3.09%-1.89%5.42%
202310.59%-7.36%2.90%-1.35%-1.61%4.92%5.29%-6.51%-2.69%-3.02%8.42%3.66%12.10%
2022-2.00%-5.53%-4.62%-7.11%1.28%-5.61%-0.97%-0.00%-11.27%-4.14%17.58%-2.76%-24.50%
20214.32%0.68%-1.85%1.54%1.01%1.75%-7.95%1.60%-3.68%2.91%-4.42%0.55%-4.15%

Benchmark Metrics

Fidelity Series Emerging Markets Fund has an annualized alpha of -0.34%, beta of 0.73, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since August 29, 2018.

  • This fund participated in 81.81% of S&P 500 Index downside but only 68.16% of its upside - more exposed to losses than it benefited from rallies.

Alpha
-0.34%
Beta
0.73
0.52
Upside Capture
68.16%
Downside Capture
81.81%

Expense Ratio

FHKFX has an expense ratio of 0.01%, which is considered low.


Return for Risk

Risk / Return Rank

FHKFX 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.


FHKFX Risk / Return Rank: 8989
Overall Rank
FHKFX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FHKFX Sortino Ratio Rank: 8282
Sortino Ratio Rank
FHKFX Omega Ratio Rank: 8686
Omega Ratio Rank
FHKFX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FHKFX Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) 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.


FHKFXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.92

Sortino ratioReturn per unit of downside risk

+0.81

Omega ratioGain probability vs. loss probability

1.54

1.37

+0.17

Calmar ratioReturn relative to maximum drawdown

4.98

2.78

+2.20

Martin ratioReturn relative to average drawdown

17.82

12.44

+5.38

Dividends

Dividend History

Fidelity Series Emerging Markets Fund provided a 1.78% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%1.00%2.00%3.00%4.00%$0.00$0.10$0.20$0.30$0.4020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$0.28$0.28$0.25$0.21$0.20$0.36$0.16$0.22$0.04

Dividend yield

1.78%2.38%2.86%2.43%2.56%3.46%1.38%2.28%0.42%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$0.28$0.28
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.25$0.25
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.21$0.21
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.20$0.20
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.36$0.36

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 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 Fund was 45.47%, occurring on Oct 24, 2022. Recovery took 737 trading sessions.

The current Fidelity Series Emerging Markets Fund drawdown is 1.13%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-45.47%Oct 2022
1y 8mo2y 11mo
4y 7moFeb 2021 - Oct 2025
COVID crash2020
-37.33%Mar 2020
2mo 2d7mo 17d
9mo 19dJan 2020 - Nov 2020
Rate-hike selloffLate 2018
-13.10%Oct 2018
2mo5mo 8d
7mo 8dAug 2018 - Apr 2019
2019 correction2019
-12.87%Aug 2019
3mo 29d4mo 20d
8mo 19dApr 2019 - Jan 2020
2026 correction2026
-12.54%Mar 2026
1mo 2d16d
1mo 18dFeb 2026 - Apr 2026

Drawdown Indicators


FHKFXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-45.47%

-56.78%

+11.31%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-9.10%

-3.44%

Max Drawdown (3Y)

Largest decline over 3 years

-16.71%

-18.90%

+2.19%

Max Drawdown (5Y)

Largest decline over 5 years

-42.10%

-25.43%

-16.67%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-1.13%

-1.80%

+0.67%

Average Drawdown

Average peak-to-trough decline

-17.14%

-10.71%

-6.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.50%

2.03%

+1.47%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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