- ISIN
- US31618H3416
- CUSIP
- 31618H341
- Issuer
- Fidelity
- Inception Date
- Aug 29, 2018
- Category
- Emerging Markets Equities
- 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 20.3% since the beginning of the year. FHKFX is currently trading at $14 per share. Investors who bought $1,000 worth of FHKFX shares 5 years ago would now be looking at an investment worth $1,438.
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Returns By Period
Fidelity Series Emerging Markets Fund (FHKFX) has returned 20.27% so far this year and 41.07% over the past 12 months.
Fidelity Series Emerging Markets Fund
- 1D
- 4.05%
- 1M
- -3.49%
- 6M
- 8.95%
- YTD
- 20.27%
- 1Y
- 41.07%
- 3Y*
- 20.31%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 6.80%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FHKFX Monthly Returns History
Based on dividend-adjusted daily data since Aug 29, 2018, FHKFX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 56% of months were positive and 44% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.39% | 6.56% | -8.69% | 14.35% | 6.38% | -0.52% | -7.47% | 20.27% | |||||
| 2025 | 1.73% | 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% |
| 2023 | 10.59% | -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% |
| 2021 | 4.32% | 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 -1.61%, beta of 0.74, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since August 29, 2018.
- This fund participated in 87.53% of S&P 500 Index downside but only 68.16% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.61%
- Beta
- 0.74
- R²
- 0.52
- Upside Capture
- 68.16%
- Downside Capture
- 87.53%
Expense Ratio
FHKFX has an expense ratio of 0.01%, which is considered low.
Return for Risk
Risk / Return Rank
FHKFX ranks 66 for risk / return — above 66% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return 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.
| FHKFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.00 | +0.67 |
| Martin ratioReturn relative to average drawdown | 8.71 | 8.49 | +0.22 |
Dividends
Dividend History
Fidelity Series Emerging Markets Fund provided a 1.98% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.25 | $0.21 | $0.20 | $0.36 | $0.16 | $0.22 | $0.04 |
Dividend yield | 1.98% | 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.
| 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 | $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 11.03%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-45.47%Oct 2022 | 1y 8mo | 2y 11mo | 4y 7moFeb 2021 - Oct 2025 | Bear market2022 |
-37.33%Mar 2020 | 2mo 2d | 7mo 17d | 9mo 19dJan 2020 - Nov 2020 | COVID crash2020 |
-14.49%Jul 2026 | 1mo 26d | — | 2moJun 2026 - now | — |
-13.10%Oct 2018 | 2mo | 5mo 8d | 7mo 8dAug 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-12.87%Aug 2019 | 3mo 29d | 4mo 20d | 8mo 19dApr 2019 - Jan 2020 | — |
Drawdown Indicators
| FHKFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -56.78% | +11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -9.10% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -18.90% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -39.01% | -25.43% | -13.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.03% | -1.58% | -9.45% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -10.70% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.14% | +2.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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