Fidelity Emerging Asia Fund (FSEAX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Emerging Asia Fund, 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 Asia Fund (FSEAX) has returned 0.63% so far this year and 33.51% over the past 12 months. Over the last decade, FSEAX has posted an annualized return of 12.43%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Apr 19, 1993, FSEAX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, your investment would double in approximately 6.6 years.

Historically, 56% of months were positive and 44% were negative. The best month was Apr 1999 with a return of +20.7%, while the worst month was Oct 1997 at -25.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FSEAX closed higher 52% of trading days. The best single day was Mar 16, 2022 with a return of +12.5%, while the worst single day was Sep 17, 2001 at -11.9%.

Fidelity Emerging Asia Fund has an annualized alpha of 4.08%, beta of 0.64, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since April 20, 1993.

• Beta of 0.64 may look defensive, but with R² of 0.30 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.30 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

FSEAX has a high expense ratio of 1.02%, indicating above-average management fees.

FSEAX ranks 83 for risk / return — in the top 83% 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.

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

Fidelity Emerging Asia Fund provided a 0.21% dividend yield over the last twelve months, with an annual payout of $0.14 per share.

The table displays the monthly dividend distributions for Fidelity Emerging Asia Fund. 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 Asia 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 Asia Fund was 65.59%, occurring on Oct 27, 2008. Recovery took 2238 trading sessions.

The current Fidelity Emerging Asia Fund drawdown is 13.42%.

The chart below shows the rolling one-month volatility.