EAD vs. FEMSX
EAD (Emerging Markets Dividend Fund) and FEMSX (Fidelity Series Emerging Markets Opportunities Fund) are both Emerging Markets Equities funds. Over the past 10 years, EAD returned 6.79%/yr vs 11.82%/yr for FEMSX. At a 0.39 correlation, their price movements are largely independent. EAD charges 0.04%/yr vs 0.01%/yr for FEMSX.
Performance
EAD vs. FEMSX - Performance Comparison
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Returns By Period
In the year-to-date period, EAD achieves a 0.35% return, which is significantly lower than FEMSX's 22.76% return. Over the past 10 years, EAD has underperformed FEMSX with an annualized return of 6.79%, while FEMSX has yielded a comparatively higher 11.82% annualized return.
EAD
- 1D
- 0.47%
- 1M
- 0.99%
- 6M
- -0.73%
- YTD
- 0.35%
- 1Y
- -0.13%
- 3Y*
- 9.88%
- 5Y*
- 3.33%
- 10Y*
- 6.79%
FEMSX
- 1D
- -3.54%
- 1M
- -3.97%
- 6M
- 16.25%
- YTD
- 22.76%
- 1Y
- 44.80%
- 3Y*
- 22.81%
- 5Y*
- 7.48%
- 10Y*
- 11.82%
EAD vs. FEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | 0.35% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -6.52% | 7.80% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 22.76% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
Correlation
The correlation between EAD and FEMSX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2008 | 0.39 |
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Return for Risk
EAD vs. FEMSX — Risk / Return Rank
EAD
FEMSX
EAD vs. FEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Dividend Fund (EAD) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX). 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.
| EAD | FEMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.34 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.06 | 11.94 | -12.00 |
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Drawdowns
EAD vs. FEMSX - Drawdown Comparison
The maximum EAD drawdown since its inception was -67.37%, which is greater than FEMSX's maximum drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for EAD and FEMSX.
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Drawdown Indicators
| EAD | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.37% | -44.16% | -23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -13.42% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -17.04% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -39.12% | +9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -44.16% | +2.62% |
Current DrawdownCurrent decline from peak | -2.36% | -8.16% | +5.80% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -13.35% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.75% | -1.49% |
Volatility
EAD vs. FEMSX - Volatility Comparison
The current volatility for Emerging Markets Dividend Fund (EAD) is 1.99%, while Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a volatility of 11.00%. This indicates that EAD experiences smaller price fluctuations and is considered to be less risky than FEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAD | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 11.00% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 20.85% | -13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.39% | 22.85% | -13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 19.84% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 19.63% | -3.52% |
EAD vs. FEMSX - Expense Ratio Comparison
EAD has a 0.04% expense ratio, which is higher than FEMSX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EAD vs. FEMSX - Dividend Comparison
EAD's dividend yield for the trailing twelve months is around 9.98%, more than FEMSX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | 9.98% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 1.99% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
Frequently Asked Questions
EAD and FEMSX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEMSX has higher volatility (11.00%) compared to EAD (1.99%). In terms of maximum drawdown, EAD dropped -67.37% vs FEMSX's -44.16%.
FEMSX currently has the higher Sharpe Ratio (1.97 vs -0.01), 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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