FEDAX vs. SEMNX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX).

FEDAX is managed by Fidelity. It was launched on Nov 1, 2011. SEMNX is managed by Hartford.

Performance

FEDAX vs. SEMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX). The values are adjusted to include any dividend payments, if applicable.

FEDAX vs. SEMNX - 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%
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	0.83%	40.36%	7.56%	8.80%	-22.30%	-5.11%	23.58%	22.12%	-15.57%	40.87%

Returns By Period

In the year-to-date period, FEDAX achieves a 4.10% return, which is significantly higher than SEMNX's 0.83% return. Both investments have delivered pretty close results over the past 10 years, with FEDAX having a 9.23% annualized return and SEMNX not far behind at 9.00%.

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%

SEMNX

• 1D: -1.11%
• 1M: -13.62%
• YTD: 0.83%
• 6M: 6.75%
• 1Y: 37.87%
• 3Y*: 16.37%
• 5Y*: 3.35%
• 10Y*: 9.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEDAX vs. SEMNX - Expense Ratio Comparison

FEDAX has a 1.49% expense ratio, which is higher than SEMNX's 1.23% expense ratio.

FEDAX

Fidelity Advisor Emerging Markets Discovery Fund Class A

SEMNX

Hartford Schroders Emerging Markets Equity Fund Class I

Return for Risk

FEDAX vs. SEMNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEDAX

FEDAX Risk / Return Rank: 94
FEDAX Sharpe Ratio Rank: 96
FEDAX Sortino Ratio Rank: 94
FEDAX Omega Ratio Rank: 92
FEDAX Calmar Ratio Rank: 94
FEDAX Martin Ratio Rank: 94

SEMNX

SEMNX Risk / Return Rank: 89
SEMNX Sharpe Ratio Rank: 91
SEMNX Sortino Ratio Rank: 89
SEMNX Omega Ratio Rank: 87
SEMNX Calmar Ratio Rank: 88
SEMNX Martin Ratio Rank: 89

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.

FEDAX vs. SEMNX - 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 Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX). 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	SEMNX	Difference
Sharpe ratio Return per unit of total volatility	2.36	1.93	+0.43
Sortino ratio Return per unit of downside risk	2.95	2.46	+0.50
Omega ratio Gain probability vs. loss probability	1.45	1.37	+0.08
Calmar ratio Return relative to maximum drawdown	3.15	2.33	+0.82
Martin ratio Return relative to average drawdown	12.43	9.77	+2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEDAX vs. SEMNX - Sharpe Ratio Comparison

The current FEDAX Sharpe Ratio is 2.36, which is comparable to the SEMNX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FEDAX and SEMNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEDAX	SEMNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	1.93	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.19	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.49	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.24	+0.25

Correlation

The correlation between FEDAX and SEMNX is 0.87, 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. SEMNX - Dividend Comparison

FEDAX's dividend yield for the trailing twelve months is around 4.39%, more than SEMNX's 1.57% 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%
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	1.57%	1.58%	1.16%	1.33%	1.86%	1.21%	0.77%	2.17%	1.22%	0.82%	0.94%	0.94%

Drawdowns

FEDAX vs. SEMNX - Drawdown Comparison

The maximum FEDAX drawdown since its inception was -43.35%, smaller than the maximum SEMNX drawdown of -65.10%. Use the drawdown chart below to compare losses from any high point for FEDAX and SEMNX.

Drawdown Indicators

	FEDAX	SEMNX	Difference
Max Drawdown Largest peak-to-trough decline	-43.35%	-65.10%	+21.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-14.80%	+4.85%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-39.74%	+12.06%
Max Drawdown (10Y) Largest decline over 10 years	-43.35%	-42.47%	-0.88%
Current Drawdown Current decline from peak	-9.58%	-14.80%	+5.22%
Average Drawdown Average peak-to-trough decline	-9.06%	-17.39%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.54%	-1.02%

Volatility

FEDAX vs. SEMNX - Volatility Comparison

The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) is 6.48%, while Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) has a volatility of 9.57%. This indicates that FEDAX experiences smaller price fluctuations and is considered to be less risky than SEMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEDAX	SEMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	9.57%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	15.00%	-5.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	19.37%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	17.60%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	18.34%	-2.67%