Fidelity Emerging Markets K (FKEMX)

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

Fidelity Emerging Markets K (FKEMX) has returned -2.42% so far this year and 29.50% over the past 12 months. Over the last ten years, FKEMX has returned 9.70% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since May 9, 2008, FKEMX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, your investment would double in approximately 11.8 years.

Historically, 55% of months were positive and 45% were negative. The best month was May 2009 with a return of +20.0%, while the worst month was Oct 2008 at -31.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FKEMX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +15.3%, while the worst single day was Oct 15, 2008 at -12.6%.

Fidelity Emerging Markets K has an annualized alpha of -3.38%, beta of 0.90, and R² of 0.67 versus S&P 500 Index. Calculated based on daily prices since May 12, 2008.

• This fund participated in 108.08% of S&P 500 Index downside but only 86.09% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -3.38% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 0.90 and R² of 0.67, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FKEMX has an expense ratio of 0.77%, placing it in the medium range.

FKEMX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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

Fidelity Emerging Markets K provided a 0.07% dividend yield over the last twelve months, with an annual payout of $0.03 per share.

The table displays the monthly dividend distributions for Fidelity Emerging Markets K. 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 Emerging Markets K. 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 Emerging Markets K was 69.07%, occurring on Nov 20, 2008. Recovery took 2215 trading sessions.

The current Fidelity Emerging Markets K drawdown is 13.00%.

The chart below shows the rolling one-month volatility.