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EAD vs. FHKFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EAD vs. FHKFX

Last updated Jul 18, 2026
Documentation

EAD (Emerging Markets Dividend Fund) and FHKFX (Fidelity Series Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, EAD returned 2.99%/yr vs 6.95%/yr for FHKFX. At a 0.40 correlation, their price movements are largely independent. EAD charges 0.04%/yr vs 0.01%/yr for FHKFX.

Performance

EAD vs. FHKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Emerging Markets Dividend Fund (EAD) and Fidelity Series Emerging Markets Fund (FHKFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EAD achieves a -0.59% return, which is significantly lower than FHKFX's 22.49% return.

EAD

1D
-0.62%
1M
0.51%
6M
-1.66%
YTD
-0.59%
1Y
-1.20%
3Y*
9.31%
5Y*
2.99%
10Y*
6.72%

FHKFX

1D
-2.04%
1M
-5.46%
6M
14.40%
YTD
22.49%
1Y
41.32%
3Y*
21.84%
5Y*
6.95%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EAD vs. FHKFX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EAD
Emerging Markets Dividend Fund		-0.59%8.05%15.86%11.94%-23.08%21.62%6.35%27.22%-7.32%
FHKFX
Fidelity Series Emerging Markets Fund		22.49%38.51%5.42%12.10%-24.50%-4.15%17.85%9.64%-8.52%

Correlation

The correlation between EAD and FHKFX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Aug 29, 2018

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Emerging Markets Dividend Fund

Fidelity Series Emerging Markets Fund

Often compared with EAD:
EAD vs. ERCEAD vs. KFEAD vs. IFNEAD vs. CNWIXEAD vs. FEDIXEAD vs. FGKPXEAD vs. SIVLX
Often compared with FHKFX:
FHKFX vs. FGKPXFHKFX vs. VEMAXFHKFX vs. FHKTXFHKFX vs. DEMAXFHKFX vs. VOOFHKFX vs. JEMWXFHKFX vs. PEAFX

Return for Risk

EAD vs. FHKFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EAD
EAD Risk / Return Rank: 22
Overall Rank
EAD Sharpe Ratio Rank: 22
Sharpe Ratio Rank
EAD Sortino Ratio Rank: 22
Sortino Ratio Rank
EAD Omega Ratio Rank: 22
Omega Ratio Rank
EAD Calmar Ratio Rank: 22
Calmar Ratio Rank
EAD Martin Ratio Rank: 22
Martin Ratio Rank
FHKFX
FHKFX Risk / Return Rank: 6868
Overall Rank
FHKFX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FHKFX Sortino Ratio Rank: 5050
Sortino Ratio Rank
FHKFX Omega Ratio Rank: 6565
Omega Ratio Rank
FHKFX Calmar Ratio Rank: 8585
Calmar Ratio Rank
FHKFX Martin Ratio Rank: 7272
Martin Ratio Rank
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.

EAD vs. FHKFX - 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 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.

EADFHKFXDifference
Sharpe ratioReturn per unit of total volatility
-0.13
1.86

-1.99

Sortino ratioReturn per unit of downside risk
-0.12
2.36

-2.48

Omega ratioGain probability vs. loss probability

0.99

1.34

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.15

3.38

-3.53

Martin ratioReturn relative to average drawdown

-0.53

10.84

-11.38

EAD vs. FHKFX - Sharpe Ratio Comparison

The current EAD Sharpe Ratio is -0.13, which is lower than the FHKFX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of EAD and FHKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EAD vs. FHKFX - Drawdown Comparison

The maximum EAD drawdown since its inception was -67.37%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for EAD and FHKFX.

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Drawdown Indicators

EADFHKFXDifference

Max Drawdown

Largest peak-to-trough decline

-67.37%

-45.47%

-21.90%

Max Drawdown (1Y)

Largest decline over 1 year

-8.16%

-12.54%

+4.38%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-16.71%

+4.06%

Max Drawdown (5Y)

Largest decline over 5 years

-29.44%

-39.48%

+10.04%

Max Drawdown (10Y)

Largest decline over 10 years

-41.54%

—

—

Current Drawdown

Current decline from peak

-3.27%

-9.39%

+6.12%

Average Drawdown

Average peak-to-trough decline

-7.13%

-17.04%

+9.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

3.90%

-1.62%

Volatility

EAD vs. FHKFX - Volatility Comparison

The current volatility for Emerging Markets Dividend Fund (EAD) is 2.15%, while Fidelity Series Emerging Markets Fund (FHKFX) has a volatility of 9.48%. This indicates that EAD experiences smaller price fluctuations and is considered to be less risky 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

EADFHKFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.15%

9.48%

-7.33%

Volatility (6M)

Calculated over the trailing 6-month period

7.57%

20.56%

-12.99%

Volatility (1Y)

Calculated over the trailing 1-year period

9.41%

22.75%

-13.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.60%

19.85%

-6.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.11%

20.08%

-3.97%

EAD vs. FHKFX - Expense Ratio Comparison

EAD has a 0.04% expense ratio, which is higher than FHKFX'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. FHKFX - Dividend Comparison

EAD's dividend yield for the trailing twelve months is around 10.07%, more than FHKFX's 1.94% yield.

PositionTTM20252024202320222021202020192018201720162015
EAD
Emerging Markets Dividend Fund		10.07%9.47%9.08%9.07%10.97%7.59%8.51%8.44%9.11%8.58%9.62%10.95%
FHKFX
Fidelity Series Emerging Markets Fund		1.94%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

EAD and FHKFX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHKFX has higher volatility (9.48%) compared to EAD (2.15%). In terms of maximum drawdown, EAD dropped -67.37% vs FHKFX's -45.47%.

FHKFX currently has the higher Sharpe Ratio (1.86 vs -0.13), 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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