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Fidelity Advisor Focused Emerging Markets Fund Class M (FTMKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It normally invests primarily in common stocks. The advisor allocates investments across different emerging market countries.

Looking to diversify beyond FTMKX? The mutual funds below have the lowest correlation with FTMKX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FTMKX.

Best Diversifiers for FTMKX

0 mutual funds have low correlation with FTMKX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.52, down from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PZIEX
Pzena Emerging Markets Value Fund Institutional Cl...0.520.650.67
52
Emerging Markets EquitiesFTMKX vs PZIEX
WXCIX
William Blair Emerging Markets ex China Growth Fun...0.640.60—
90
Emerging Markets EquitiesFTMKX vs WXCIX
DEMCX
Nomura Emerging Markets Fund Class C0.690.740.81
95
Emerging Markets EquitiesFTMKX vs DEMCX
FNILX
Fidelity ZERO Large Cap Index Fund0.690.610.60
61
Large Cap Blend EquitiesFTMKX vs FNILX
DEMAX
Nomura Emerging Markets Fund Class A0.690.740.81
96
Emerging Markets EquitiesFTMKX vs DEMAX
See all 38 diversifiers for FTMKX

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