FAMKX vs. JEMSX
FAMKX (Fidelity Advisor Focused Emerging Markets Fund Class A) and JEMSX (JPMorgan Emerging Markets Equity Fund Class I) are both Emerging Markets Equities funds. Over the past 10 years, FAMKX returned 11.17%/yr vs 9.80%/yr for JEMSX. Their correlation of 0.93 means they have usually moved in the same direction. FAMKX charges 1.32%/yr vs 0.99%/yr for JEMSX.
Performance
FAMKX vs. JEMSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FAMKX having a 20.34% return and JEMSX slightly higher at 20.99%. Over the past 10 years, FAMKX has outperformed JEMSX with an annualized return of 11.17%, while JEMSX has yielded a comparatively lower 9.80% annualized return.
FAMKX
- 1D
- 4.16%
- 1M
- -2.85%
- 6M
- 8.85%
- YTD
- 20.34%
- 1Y
- 41.86%
- 3Y*
- 21.40%
- 5Y*
- 8.98%
- 10Y*
- 11.17%
- ALL TIME*
- 9.02%
JEMSX
- 1D
- 4.24%
- 1M
- -4.53%
- 6M
- 9.76%
- YTD
- 20.99%
- 1Y
- 45.52%
- 3Y*
- 19.45%
- 5Y*
- 5.56%
- 10Y*
- 9.80%
- ALL TIME*
- 5.92%
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 |
FAMKX vs. JEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAMKX Fidelity Advisor Focused Emerging Markets Fund Class A | 20.34% | 39.76% | 9.01% | 8.12% | -20.09% | -2.90% | 30.05% | 29.29% | -18.32% | 46.52% |
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 20.99% | 40.13% | 3.39% | 7.21% | -25.77% | -10.36% | 34.73% | 31.96% | -16.02% | 42.49% |
Correlation
The correlation between FAMKX and JEMSX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2004 | 0.93 |
The correlation between FAMKX and JEMSX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
FAMKX vs. JEMSX — Risk / Return Rank
FAMKX
JEMSX
FAMKX vs. JEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class A (FAMKX) and JPMorgan Emerging Markets Equity Fund Class I (JEMSX). 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.
| FAMKX | JEMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.90 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.76 | 10.28 | -1.53 |
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Drawdowns
FAMKX vs. JEMSX - Drawdown Comparison
The maximum FAMKX drawdown since its inception was -70.11%, which is greater than JEMSX's maximum drawdown of -62.07%. Use the drawdown chart below to compare losses from any high point for FAMKX and JEMSX.
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Drawdown Indicators
| FAMKX | JEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.11% | -62.07% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -14.85% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.84% | -15.10% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -36.99% | -43.40% | +6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | -49.59% | +7.43% |
Current DrawdownCurrent decline from peak | -9.92% | -11.24% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -20.36% | -21.61% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 4.18% | +0.31% |
Volatility
FAMKX vs. JEMSX - Volatility Comparison
The current volatility for Fidelity Advisor Focused Emerging Markets Fund Class A (FAMKX) is 9.09%, while JPMorgan Emerging Markets Equity Fund Class I (JEMSX) has a volatility of 10.61%. This indicates that FAMKX experiences smaller price fluctuations and is considered to be less risky than JEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAMKX | JEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 10.61% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.31% | 22.38% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 24.77% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 20.23% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 19.91% | -0.73% |
FAMKX vs. JEMSX - Expense Ratio Comparison
FAMKX has a 1.32% expense ratio, which is higher than JEMSX's 0.99% expense ratio.
Dividends
FAMKX vs. JEMSX - Dividend Comparison
FAMKX's dividend yield for the trailing twelve months is around 1.10%, more than JEMSX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMKX Fidelity Advisor Focused Emerging Markets Fund Class A | 1.10% | 1.33% | 0.74% | 1.25% | 0.76% | 4.87% | 1.84% | 10.64% | 0.17% | 0.10% | 0.03% | 0.00% |
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 1.04% | 1.26% | 1.41% | 1.45% | 0.37% | 3.80% | 0.09% | 0.76% | 0.87% | 0.39% | 0.66% | 0.67% |
Frequently Asked Questions
With a correlation of 0.91, FAMKX and JEMSX 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.
JEMSX has higher volatility (10.61%) compared to FAMKX (9.09%). In terms of maximum drawdown, FAMKX dropped -70.11% vs JEMSX's -62.07%.
FAMKX currently has the higher Sharpe Ratio (1.77 vs 1.74), 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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