ABEMX vs. FERGX

Last updated Jun 24, 2026

ABEMX (abrdn Emerging Markets Fund) and FERGX (Fidelity SAI Emerging Markets Index Fund) are both Emerging Markets Diversified funds. Over the past 5 years, ABEMX returned 8.32%/yr vs 8.07%/yr for FERGX. With a 0.95 correlation, they move nearly in lockstep. ABEMX charges 1.10%/yr vs 0.07%/yr for FERGX.

Performance

ABEMX vs. FERGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets Fund (ABEMX) and Fidelity SAI Emerging Markets Index Fund (FERGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABEMX achieves a 34.30% return, which is significantly higher than FERGX's 29.63% return.

ABEMX

• 1D: 0.76%
• 1M: 7.97%
• YTD: 34.30%
• 6M: 35.10%
• 1Y: 64.70%
• 3Y*: 23.53%
• 5Y*: 8.32%
• 10Y*: 10.73%

FERGX

• 1D: 0.18%
• 1M: 7.53%
• YTD: 29.63%
• 6M: 30.89%
• 1Y: 54.54%
• 3Y*: 24.63%
• 5Y*: 8.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABEMX vs. FERGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABEMX abrdn Emerging Markets Fund	34.30%	32.43%	3.98%	6.67%	-26.23%	7.15%	27.65%	20.42%	-14.65%	30.25%
FERGX Fidelity SAI Emerging Markets Index Fund	29.63%	33.86%	6.59%	9.41%	-20.19%	-3.05%	17.46%	18.22%	-14.52%	33.62%

Correlation

The correlation between ABEMX and FERGX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.95

The correlation between ABEMX and FERGX has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

ABEMX vs. FERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABEMX

ABEMX Risk / Return Rank: 90
ABEMX Sharpe Ratio Rank: 95
ABEMX Sortino Ratio Rank: 84
ABEMX Omega Ratio Rank: 87
ABEMX Calmar Ratio Rank: 93
ABEMX Martin Ratio Rank: 93

FERGX

FERGX Risk / Return Rank: 86
FERGX Sharpe Ratio Rank: 90
FERGX Sortino Ratio Rank: 79
FERGX Omega Ratio Rank: 85
FERGX Calmar Ratio Rank: 89
FERGX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABEMX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Fund (ABEMX) and Fidelity SAI Emerging Markets Index Fund (FERGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ABEMX	FERGX	Difference
Sharpe ratio: Return per unit of total volatility	3.04	2.77	+0.27
Sortino ratio: Return per unit of downside risk	3.67	3.44	+0.22
Omega ratio: Gain probability vs. loss probability	1.57	1.53	+0.04
Calmar ratio: Return relative to maximum drawdown	4.77	4.20	+0.57
Martin ratio: Return relative to average drawdown	17.87	15.70	+2.16

ABEMX vs. FERGX - Sharpe Ratio Comparison

The current ABEMX Sharpe Ratio is 3.04, which is comparable to the FERGX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of ABEMX and FERGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABEMX vs. FERGX - Drawdown Comparison

The maximum ABEMX drawdown since its inception was -54.52%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for ABEMX and FERGX.

Drawdown Indicators

	ABEMX	FERGX	Difference
Max Drawdown Largest peak-to-trough decline	-54.52%	-39.27%	-15.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-13.32%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	-16.20%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	-36.56%	-36.97%	+0.41%
Max Drawdown (10Y) Largest decline over 10 years	-38.44%	—	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-13.07%	-14.27%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	3.55%	+0.10%

Volatility

ABEMX vs. FERGX - Volatility Comparison

abrdn Emerging Markets Fund (ABEMX) has a higher volatility of 11.58% compared to Fidelity SAI Emerging Markets Index Fund (FERGX) at 10.85%. This indicates that ABEMX's price experiences larger fluctuations and is considered to be riskier than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABEMX	FERGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.58%	10.85%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	19.37%	18.20%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	21.52%	20.24%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	17.77%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	18.22%	+0.71%

ABEMX vs. FERGX - Expense Ratio Comparison

ABEMX has a 1.10% expense ratio, which is higher than FERGX's 0.08% expense ratio.

Dividends

ABEMX vs. FERGX - Dividend Comparison

ABEMX's dividend yield for the trailing twelve months is around 4.55%, more than FERGX's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABEMX abrdn Emerging Markets Fund	4.55%	6.11%	0.99%	1.42%	1.82%	22.95%	0.68%	1.85%	1.57%	1.32%	1.23%	2.47%
FERGX Fidelity SAI Emerging Markets Index Fund	2.06%	2.67%	2.40%	2.67%	2.51%	2.90%	1.49%	2.49%	2.58%	0.58%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ABEMX and FERGX in my portfolio?

With a correlation of 0.95, ABEMX and FERGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ABEMX or FERGX?

ABEMX has higher volatility (11.58%) compared to FERGX (10.85%). In terms of maximum drawdown, ABEMX dropped -54.52% vs FERGX's -39.27%.

Which has better risk-adjusted returns?

ABEMX currently has the higher Sharpe Ratio (3.04 vs 2.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.