FEDAX vs. FIMKX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX).
FEDAX is managed by Fidelity. It was launched on Nov 1, 2011. FIMKX is managed by Fidelity. It was launched on Mar 29, 2004.
Performance
FEDAX vs. FIMKX - Performance Comparison
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FEDAX vs. FIMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 0.92% | 40.06% | 9.31% | 8.44% | -19.82% | -2.63% | 30.43% | 29.75% | -18.06% | 46.67% |
Returns By Period
In the year-to-date period, FEDAX achieves a 4.10% return, which is significantly higher than FIMKX's 0.92% return. Over the past 10 years, FEDAX has underperformed FIMKX with an annualized return of 9.23%, while FIMKX has yielded a comparatively higher 10.38% annualized return.
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
FIMKX
- 1D
- -0.97%
- 1M
- -13.14%
- YTD
- 0.92%
- 6M
- 6.57%
- 1Y
- 33.30%
- 3Y*
- 17.41%
- 5Y*
- 4.77%
- 10Y*
- 10.38%
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FEDAX vs. FIMKX - Expense Ratio Comparison
FEDAX has a 1.49% expense ratio, which is higher than FIMKX's 1.03% expense ratio.
Return for Risk
FEDAX vs. FIMKX — Risk / Return Rank
FEDAX
FIMKX
FEDAX vs. FIMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). 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.
| FEDAX | FIMKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.76 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.95 | 2.23 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.16 | +0.99 |
Martin ratioReturn relative to average drawdown | 12.43 | 8.35 | +4.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEDAX | FIMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.76 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.26 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.40 | +0.09 |
Correlation
The correlation between FEDAX and FIMKX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FEDAX vs. FIMKX - Dividend Comparison
FEDAX's dividend yield for the trailing twelve months is around 4.39%, more than FIMKX's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 1.56% | 1.57% | 1.20% | 1.60% | 1.14% | 5.19% | 2.09% | 10.86% | 0.61% | 0.10% | 0.45% | 0.19% |
Drawdowns
FEDAX vs. FIMKX - Drawdown Comparison
The maximum FEDAX drawdown since its inception was -43.35%, smaller than the maximum FIMKX drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for FEDAX and FIMKX.
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Drawdown Indicators
| FEDAX | FIMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -69.98% | +26.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -13.72% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -40.49% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -41.85% | -1.50% |
Current DrawdownCurrent decline from peak | -9.58% | -13.72% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -20.00% | +10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.54% | -1.02% |
Volatility
FEDAX vs. FIMKX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) is 6.48%, while Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) has a volatility of 8.53%. This indicates that FEDAX experiences smaller price fluctuations and is considered to be less risky than FIMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDAX | FIMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 8.53% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 13.10% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 18.40% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 18.46% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 18.55% | -2.88% |