ABEMX vs. FHKFX
ABEMX (abrdn Emerging Markets Fund) and FHKFX (Fidelity Series Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, ABEMX returned 6.67%/yr vs 7.54%/yr for FHKFX. Their correlation of 0.95 means they have usually moved in the same direction. ABEMX charges 1.10%/yr vs 0.01%/yr for FHKFX.
Performance
ABEMX vs. FHKFX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ABEMX having a 19.82% return and FHKFX slightly higher at 20.27%.
ABEMX
- 1D
- 4.45%
- 1M
- -3.58%
- 6M
- 10.63%
- YTD
- 19.82%
- 1Y
- 41.51%
- 3Y*
- 16.99%
- 5Y*
- 6.67%
- 10Y*
- 8.47%
- ALL TIME*
- 7.22%
FHKFX
- 1D
- 4.05%
- 1M
- -3.49%
- 6M
- 8.95%
- YTD
- 20.27%
- 1Y
- 41.07%
- 3Y*
- 20.31%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 6.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ABEMX vs. FHKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ABEMX abrdn Emerging Markets Fund | 19.82% | 32.43% | 3.98% | 6.67% | -26.23% | 7.15% | 27.65% | 20.42% | -5.71% |
FHKFX Fidelity Series Emerging Markets Fund | 20.27% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
Correlation
The correlation between ABEMX and FHKFX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018 | 0.95 |
The correlation between ABEMX and FHKFX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
ABEMX vs. FHKFX — Risk / Return Rank
ABEMX
FHKFX
ABEMX vs. FHKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Fund (ABEMX) and Fidelity Series Emerging Markets Fund (FHKFX). 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 | FHKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.67 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.64 | 8.71 | -0.07 |
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Drawdowns
ABEMX vs. FHKFX - Drawdown Comparison
The maximum ABEMX drawdown since its inception was -54.52%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for ABEMX and FHKFX.
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Drawdown Indicators
| ABEMX | FHKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.52% | -45.47% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -14.49% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.62% | -16.71% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -36.56% | -39.01% | +2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.44% | — | — |
Current DrawdownCurrent decline from peak | -10.78% | -11.03% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -17.01% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 4.43% | +0.10% |
Volatility
ABEMX vs. FHKFX - Volatility Comparison
abrdn Emerging Markets Fund (ABEMX) has a higher volatility of 10.52% compared to Fidelity Series Emerging Markets Fund (FHKFX) at 9.54%. This indicates that ABEMX's price experiences larger fluctuations and is considered to be riskier than FHKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABEMX | FHKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 9.54% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 22.66% | 21.41% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.52% | 23.69% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.81% | 19.95% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 20.18% | -0.98% |
ABEMX vs. FHKFX - Expense Ratio Comparison
ABEMX has a 1.10% expense ratio, which is higher than FHKFX's 0.01% expense ratio.
Dividends
ABEMX vs. FHKFX - Dividend Comparison
ABEMX's dividend yield for the trailing twelve months is around 5.10%, more than FHKFX's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEMX abrdn Emerging Markets Fund | 5.10% | 6.11% | 0.99% | 1.42% | 1.82% | 22.95% | 0.68% | 1.85% | 1.57% | 1.32% | 1.23% | 2.47% |
FHKFX Fidelity Series Emerging Markets Fund | 1.98% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, ABEMX and FHKFX 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.
ABEMX has higher volatility (10.52%) compared to FHKFX (9.54%). In terms of maximum drawdown, ABEMX dropped -54.52% vs FHKFX's -45.47%.
FHKFX currently has the higher Sharpe Ratio (1.63 vs 1.60), 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.
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