FEDCX vs. FAPDX
FEDCX (Fidelity Series Emerging Markets Debt Fund) and FAPDX (Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund) are both mutual funds - FEDCX is a Emerging Markets Bonds fund managed by Fidelity, while FAPDX is a Ultrashort Bond fund managed by Fidelity. Over the past 3 years, FEDCX returned 11.60%/yr vs 4.79%/yr for FAPDX. At a 0.36 correlation, their price movements are largely independent. FEDCX charges 0.00%/yr vs 0.35%/yr for FAPDX.
Performance
FEDCX vs. FAPDX - Performance Comparison
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Returns By Period
In the year-to-date period, FEDCX achieves a 4.03% return, which is significantly higher than FAPDX's 1.39% return.
FEDCX
- 1D
- -0.34%
- 1M
- 1.78%
- YTD
- 4.03%
- 6M
- 4.63%
- 1Y
- 15.07%
- 3Y*
- 11.60%
- 5Y*
- 3.77%
- 10Y*
- 4.31%
FAPDX
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 1.39%
- 6M
- 1.70%
- 1Y
- 4.01%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
FEDCX vs. FAPDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FEDCX Fidelity Series Emerging Markets Debt Fund | 4.03% | 14.91% | 7.39% | 11.92% | -6.71% |
FAPDX Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund | 1.39% | 4.57% | 5.32% | 5.03% | 0.57% |
Correlation
The correlation between FEDCX and FAPDX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2022 | 0.36 |
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Return for Risk
FEDCX vs. FAPDX — Risk / Return Rank
FEDCX
FAPDX
FEDCX vs. FAPDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Debt Fund (FEDCX) and Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX). 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.
| FEDCX | FAPDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 3.18 | -1.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 13.70 | -9.92 |
| Martin ratioReturn relative to average drawdown | 16.97 | 62.06 | -45.09 |
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Drawdowns
FEDCX vs. FAPDX - Drawdown Comparison
The maximum FEDCX drawdown since its inception was -26.00%, which is greater than FAPDX's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for FEDCX and FAPDX.
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Drawdown Indicators
| FEDCX | FAPDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -0.49% | -25.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -0.29% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.42% | -0.29% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.00% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.10% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -0.06% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.06% | +0.85% |
Volatility
FEDCX vs. FAPDX - Volatility Comparison
Fidelity Series Emerging Markets Debt Fund (FEDCX) has a higher volatility of 1.34% compared to Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX) at 0.29%. This indicates that FEDCX's price experiences larger fluctuations and is considered to be riskier than FAPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDCX | FAPDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.29% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 0.83% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.69% | 1.12% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 1.02% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 1.02% | +5.60% |
FEDCX vs. FAPDX - Expense Ratio Comparison
FEDCX has a 0.00% expense ratio, which is lower than FAPDX's 0.35% expense ratio.
Dividends
FEDCX vs. FAPDX - Dividend Comparison
FEDCX's dividend yield for the trailing twelve months is around 5.82%, more than FAPDX's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAPDX Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund | 4.63% | 4.40% | 4.81% | 3.21% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEDCX Fidelity Series Emerging Markets Debt Fund | 5.82% | 5.97% | 5.18% | 5.55% | 3.84% | 3.81% | 4.99% | 5.89% | 6.08% | 7.33% | 7.03% | 5.61% |
Frequently Asked Questions
FEDCX and FAPDX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEDCX has higher volatility (1.34%) compared to FAPDX (0.29%). In terms of maximum drawdown, FEDCX dropped -26.00% vs FAPDX's -0.49%.
FAPDX currently has the higher Sharpe Ratio (3.61 vs 3.29), 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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