FHKFX Alternatives & Similar Mutual Funds

Fidelity Series Emerging Markets Fund (FHKFX) belongs to the Emerging Markets Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FHKFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FHKFX

FHKFX charges 0.01% annually. No mutual funds in the Emerging Markets Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	FHKFX vs FEMSX
VEMRX	Vanguard Emerging Markets Index Fund Institutional...	0.08%	159.90B	Dec 2010	FHKFX vs VEMRX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.10%	—	Jun 2000	FHKFX vs VEMIX
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	0.14%	159.90B	Jun 2006	FHKFX vs VEMAX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	0.23%	—	Jan 2019	FHKFX vs FGKPX

Best Risk-Adjusted Alternatives to FHKFX

FHKFX has a PortfoliosLab risk / return rank of 93. There are 10 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
DEMAX	Nomura Emerging Markets Fund Class A	98	—	Jun 1996	FHKFX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	98	—	Jun 1996	FHKFX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	95	—	Jul 2022	FHKFX vs WXCIX
FZAEX	Fidelity Advisor Focused Emerging Markets Fund Cla...	95	—	Aug 2013	FHKFX vs FZAEX
FIMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	94	—	Mar 2004	FHKFX vs FIMKX

Top Performing FHKFX Alternatives (YTD)

FHKFX is at 35.18% YTD. There are 6 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 112.66%.

Symbol	Name	YTD Return	AUM	Inception
DEMAX	Nomura Emerging Markets Fund Class A	112.66%	—	Jun 1996	FHKFX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	112.02%	—	Jun 1996	FHKFX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	51.69%	—	Jul 2022	FHKFX vs WXCIX
CNWIX	Calamos Evolving World Growth Fund Class I	51.09%	—	—	FHKFX vs CNWIX
EMF	Templeton Emerging Markets Fund	41.37%	—	Feb 1987	FHKFX vs EMF

Lowest Volatility Alternatives to FHKFX

FHKFX has 19.01% 1-year volatility. There are 30 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.64%.

Symbol	Name	Volatility 1Y	AUM	Inception
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	9.64%	—	Jan 2019	FHKFX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.36%	—	—	FHKFX vs GQGIX
SIVLX	Seafarer Overseas Value Fund Institutional Class	12.04%	—	May 2016	FHKFX vs SIVLX
FEDIX	Fidelity Advisor Emerging Markets Discovery Fund C...	13.18%	—	Nov 2011	FHKFX vs FEDIX
FEDTX	Fidelity Advisor Emerging Markets Discovery Fund C...	13.18%	—	Nov 2011	FHKFX vs FEDTX

Lowest Drawdown Alternatives to FHKFX

FHKFX has a 1-year max drawdown of -12.54%. There are 17 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.93%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	FHKFX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	-9.11%	—	—	FHKFX vs GQGIX
FEDDX	Fidelity Emerging Markets Discovery Fund	-9.54%	—	Nov 2011	FHKFX vs FEDDX
FIQGX	Fidelity Advisor Emerging Markets Discovery Fund C...	-9.55%	—	Oct 2018	FHKFX vs FIQGX
FEDIX	Fidelity Advisor Emerging Markets Discovery Fund C...	-9.58%	—	Nov 2011	FHKFX vs FEDIX

Other Mutual Funds from Fidelity

The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	FHKFX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	85.56%	—	Jul 1985	FHKFX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	12.01%	—	—	FHKFX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	32	8.60%	—	—	FHKFX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	12.08%	—	—	FHKFX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	18.56%	—	Dec 1987	FHKFX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	35	7.76%	176.32B	May 1967	FHKFX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.56%	—	—	FHKFX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.51%	—	Nov 1997	FHKFX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	58	15.53%	—	Jun 2016	FHKFX vs FTIHX

Often Compared With FHKFX

Investors most often compare FHKFX with FHKTX, VOO, JEMWX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FHKTX	Fidelity Advisor China Region Fund Class M	China Equities	95	39.58%	—	May 2008	FHKFX vs FHKTX
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	FHKFX vs VOO
JEMWX	JPMorgan Emerging Markets Equity Fund Class R6	Emerging Markets Equities	92	33.11%	—	Dec 2013	FHKFX vs JEMWX
PEAFX	PIMCO RAE Emerging Markets Fund Class A	Emerging Markets Equities	56	18.16%	—	Jun 2015	FHKFX vs PEAFX
FAMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	Emerging Markets Equities	94	33.58%	—	Mar 2004	FHKFX vs FAMKX
FEMKX	Fidelity Emerging Markets	Emerging Markets Equities	87	28.21%	—	Nov 1990	FHKFX vs FEMKX
KF	The Korea Fund Inc	Emerging Markets Equities	97	112.42%	—	Aug 1984	FHKFX vs KF
PZIEX	Pzena Emerging Markets Value Fund Institutional Cl...	Emerging Markets Equities	79	17.08%	—	Mar 2014	FHKFX vs PZIEX
EAD	Emerging Markets Dividend Fund	Emerging Markets Equities	6	-0.23%	—	Jan 2013	FHKFX vs EAD
ODVIX	Invesco Developing Markets Fund Class R6	Emerging Markets Equities	85	23.99%	—	Dec 2011	FHKFX vs ODVIX
VEIEX	Vanguard Emerging Markets Stock Index Fund Investo...	Emerging Markets Equities	58	13.88%	—	May 1994	FHKFX vs VEIEX
VMMSX	Vanguard Emerging Markets Select Stock Fund	Emerging Markets Equities	82	20.95%	1.20B	Jun 2011	FHKFX vs VMMSX
FEDGX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	85	19.51%	—	Nov 2011	FHKFX vs FEDGX
FEDAX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	87	19.92%	—	Nov 2011	FHKFX vs FEDAX
IFN	The India Fund	Emerging Markets Equities	0	-15.46%	—	Feb 1994	FHKFX vs IFN
JEMSX	JPMorgan Emerging Markets Equity Fund Class I	Emerging Markets Equities	92	33.01%	—	—	FHKFX vs JEMSX
NFFFX	American Funds New World Fund	Emerging Markets Equities	66	17.55%	—	Jun 1999	FHKFX vs NFFFX
SEMNX	Hartford Schroders Emerging Markets Equity Fund Cl...	Emerging Markets Equities	93	36.03%	—	—	FHKFX vs SEMNX
FKEMX	Fidelity Emerging Markets K	Emerging Markets Equities	87	28.27%	—	May 2008	FHKFX vs FKEMX
IIF	Morgan Stanley India Investment Fund	Emerging Markets Equities	1	-15.01%	—	Feb 1994	FHKFX vs IIF

Compare FHKFX with Any Fund or Stock

Compare FHKFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FHKFX with funds that move differently

Fidelity Series Emerging Markets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHKFX.

Explore FHKFX Diversifiers

Fidelity Series Emerging Markets Fund (FHKFX) Alternatives