FEDCX vs. FNMIX
Compare and contrast key facts about Fidelity Series Emerging Markets Debt Fund (FEDCX) and Fidelity New Markets Income Fund (FNMIX).
FEDCX is managed by Fidelity. It was launched on Mar 17, 2011. FNMIX is managed by Fidelity.
Performance
FEDCX vs. FNMIX - Performance Comparison
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FEDCX vs. FNMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDCX Fidelity Series Emerging Markets Debt Fund | -1.36% | 14.91% | 7.39% | 11.92% | -16.08% | -1.28% | 4.78% | 10.50% | -4.55% | 10.59% |
FNMIX Fidelity New Markets Income Fund | -1.02% | 14.86% | 6.80% | 14.00% | -16.09% | -2.42% | 4.62% | 10.93% | -7.77% | 10.16% |
Returns By Period
In the year-to-date period, FEDCX achieves a -1.36% return, which is significantly lower than FNMIX's -1.02% return. Over the past 10 years, FEDCX has outperformed FNMIX with an annualized return of 4.26%, while FNMIX has yielded a comparatively lower 3.90% annualized return.
FEDCX
- 1D
- -0.12%
- 1M
- -4.03%
- YTD
- -1.36%
- 6M
- 2.12%
- 1Y
- 10.62%
- 3Y*
- 10.26%
- 5Y*
- 3.39%
- 10Y*
- 4.26%
FNMIX
- 1D
- -0.15%
- 1M
- -3.77%
- YTD
- -1.02%
- 6M
- 2.67%
- 1Y
- 10.54%
- 3Y*
- 10.89%
- 5Y*
- 3.53%
- 10Y*
- 3.90%
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FEDCX vs. FNMIX - Expense Ratio Comparison
FEDCX has a 0.00% expense ratio, which is lower than FNMIX's 0.80% expense ratio.
Return for Risk
FEDCX vs. FNMIX — Risk / Return Rank
FEDCX
FNMIX
FEDCX vs. FNMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Debt Fund (FEDCX) and Fidelity New Markets Income Fund (FNMIX). 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.
| FEDCX | FNMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 2.08 | +0.05 |
Sortino ratioReturn per unit of downside risk | 3.02 | 2.89 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.12 | +0.15 |
Martin ratioReturn relative to average drawdown | 9.97 | 9.40 | +0.57 |
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
| FEDCX | FNMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.08 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.54 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.56 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.79 | -0.08 |
Correlation
The correlation between FEDCX and FNMIX is 0.96, 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
FEDCX vs. FNMIX - Dividend Comparison
FEDCX's dividend yield for the trailing twelve months is around 5.53%, more than FNMIX's 4.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDCX Fidelity Series Emerging Markets Debt Fund | 5.53% | 5.97% | 5.18% | 5.55% | 3.84% | 3.81% | 4.99% | 5.89% | 6.08% | 7.33% | 7.03% | 5.61% |
FNMIX Fidelity New Markets Income Fund | 4.66% | 5.07% | 4.71% | 5.15% | 3.93% | 3.48% | 4.06% | 4.87% | 4.98% | 5.77% | 6.93% | 4.95% |
Drawdowns
FEDCX vs. FNMIX - Drawdown Comparison
The maximum FEDCX drawdown since its inception was -26.00%, smaller than the maximum FNMIX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for FEDCX and FNMIX.
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Drawdown Indicators
| FEDCX | FNMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -42.76% | +16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.87% | -5.12% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -27.16% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -26.00% | -27.16% | +1.16% |
Current DrawdownCurrent decline from peak | -4.07% | -3.85% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -5.72% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.16% | -0.05% |
Volatility
FEDCX vs. FNMIX - Volatility Comparison
Fidelity Series Emerging Markets Debt Fund (FEDCX) has a higher volatility of 1.86% compared to Fidelity New Markets Income Fund (FNMIX) at 1.70%. This indicates that FEDCX's price experiences larger fluctuations and is considered to be riskier than FNMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDCX | FNMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.70% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 3.00% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 5.25% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 6.55% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.59% | 6.94% | -0.35% |