- ISIN
- US3161463316
- CUSIP
- 316146331
- Issuer
- Fidelity
- Inception Date
- Sep 8, 2011
- Category
- Emerging Markets Diversified
- 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
FPADX Performance Chart
Fidelity Emerging Markets Index Fund (FPADX) is up 27.3% since the beginning of the year. FPADX is currently trading at $17 per share. Investors who bought $1,000 worth of FPADX shares 5 years ago would now be looking at an investment worth $1,428.
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Returns By Period
Fidelity Emerging Markets Index Fund (FPADX) has returned 27.34% so far this year and 52.96% over the past 12 months.
Fidelity Emerging Markets Index Fund
- 1D
- -1.14%
- 1M
- 3.14%
- YTD
- 27.34%
- 6M
- 29.43%
- 1Y
- 52.96%
- 3Y*
- 24.10%
- 5Y*
- 7.39%
- 10Y*
- 10.10%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPADX Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2011, FPADX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +16.1%, while the worst month was Mar 2020 at -16.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FPADX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.1%, while the worst single day was Mar 16, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.19% | 5.68% | -9.53% | 12.58% | 7.72% | 1.52% | 27.34% | ||||||
| 2025 | 1.72% | 1.03% | 1.12% | 0.46% | 4.12% | 6.51% | 1.32% | 2.20% | 6.86% | 3.96% | -2.08% | 2.69% | 33.90% |
| 2024 | -4.68% | 4.70% | 2.39% | -0.10% | 1.66% | 3.16% | 0.84% | 0.83% | 5.94% | -3.97% | -2.70% | -0.89% | 6.80% |
| 2023 | 8.59% | -6.93% | 3.15% | -0.71% | -2.05% | 3.87% | 6.04% | -6.36% | -2.74% | -3.55% | 7.46% | 3.89% | 9.51% |
| 2022 | -0.25% | -4.56% | -2.95% | -5.73% | 1.23% | -5.91% | -0.60% | -0.40% | -11.38% | -2.73% | 16.12% | -2.77% | -20.06% |
| 2021 | 3.22% | 0.68% | -1.06% | 1.68% | 1.50% | 1.18% | -6.80% | 2.27% | -4.06% | 0.96% | -3.80% | 1.63% | -3.07% |
Benchmark Metrics
Fidelity Emerging Markets Index Fund has an annualized alpha of 18.62%, beta of 1.12, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since September 12, 2011.
- This fund captured 163.66% of S&P 500 Index gains but only 32.55% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 18.62% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.12 and R2 of 0.55, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 18.62%
- Beta
- 1.12
- R²
- 0.55
- Upside Capture
- 163.66%
- Downside Capture
- 32.55%
Expense Ratio
FPADX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
FPADX ranks 87 for risk / return — in the top 87% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and compare them to S&P 500 Index.
| FPADX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.56 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | — | — |
| Martin ratioReturn relative to average drawdown | 16.16 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Emerging Markets Index Fund provided a 1.85% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.28 | $0.27 | $0.23 | $0.26 | $0.19 | $0.28 | $0.21 | $0.01 | $0.14 | $0.19 |
Dividend yield | 1.85% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Emerging Markets Index 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
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 Emerging Markets Index 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 Emerging Markets Index Fund was 39.16%, occurring on Oct 24, 2022. Recovery took 721 trading sessions.
The current Fidelity Emerging Markets Index Fund drawdown is 2.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -39.16%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 |
COVID crash2020 | -37.19%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
2016 bear market2016 | -35.85%Jan 2016 | 1y 4mo | 1y 5mo | 2y 10moSep 2014 - Jul 2017 |
2012 correction2012 | -18.11%Jun 2012 | 3mo 1d | 6mo 18d | 9mo 19dMar 2012 - Dec 2012 |
2013 correction2013 | -17.13%Jun 2013 | 5mo 3d | 11mo 21d | 1y 4moJan 2013 - Jun 2014 |
Drawdown Indicators
| FPADX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -9.10% | -30.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -2.97% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -1.13% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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