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FEDDX vs. FEDIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FEDDX vs. FEDIX - Performance Comparison

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

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FEDDX vs. FEDIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FEDDX
Fidelity Emerging Markets Discovery Fund
4.17%31.90%-3.68%20.76%-11.83%6.65%16.96%19.60%-18.90%36.59%
FEDIX
Fidelity Advisor Emerging Markets Discovery Fund Class I
4.11%31.82%-3.64%20.77%-11.82%6.67%16.93%19.64%-18.89%36.50%

Returns By Period

The year-to-date returns for both stocks are quite close, with FEDDX having a 4.17% return and FEDIX slightly lower at 4.11%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FEDDX at 9.53% and FEDIX at 9.53%.


FEDDX

1D
-0.74%
1M
-9.17%
YTD
4.17%
6M
10.32%
1Y
35.27%
3Y*
14.96%
5Y*
7.72%
10Y*
9.53%

FEDIX

1D
-0.79%
1M
-9.21%
YTD
4.11%
6M
10.25%
1Y
35.20%
3Y*
14.92%
5Y*
7.71%
10Y*
9.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FEDDX vs. FEDIX - Expense Ratio Comparison

Both FEDDX and FEDIX have an expense ratio of 1.19%.


Return for Risk

FEDDX vs. FEDIX — Risk / Return Rank

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

FEDDX
FEDDX Risk / Return Rank: 9494
Overall Rank
FEDDX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
FEDDX Sortino Ratio Rank: 9494
Sortino Ratio Rank
FEDDX Omega Ratio Rank: 9393
Omega Ratio Rank
FEDDX Calmar Ratio Rank: 9595
Calmar Ratio Rank
FEDDX Martin Ratio Rank: 9494
Martin Ratio Rank

FEDIX
FEDIX Risk / Return Rank: 9494
Overall Rank
FEDIX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
FEDIX Sortino Ratio Rank: 9494
Sortino Ratio Rank
FEDIX Omega Ratio Rank: 9393
Omega Ratio Rank
FEDIX Calmar Ratio Rank: 9595
Calmar Ratio Rank
FEDIX Martin Ratio Rank: 9494
Martin Ratio Rank
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.

FEDDX vs. FEDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX). 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.


FEDDXFEDIXDifference

Sharpe ratio

Return per unit of total volatility

2.39

2.39

0.00

Sortino ratio

Return per unit of downside risk

2.99

3.00

-0.01

Omega ratio

Gain probability vs. loss probability

1.45

1.46

0.00

Calmar ratio

Return relative to maximum drawdown

3.20

3.17

+0.03

Martin ratio

Return relative to average drawdown

12.68

12.58

+0.10

FEDDX vs. FEDIX - Sharpe Ratio Comparison

The current FEDDX Sharpe Ratio is 2.39, which is comparable to the FEDIX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FEDDX and FEDIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FEDDXFEDIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

2.39

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.55

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.61

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.51

0.00

Correlation

The correlation between FEDDX and FEDIX is 1.00, 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

FEDDX vs. FEDIX - Dividend Comparison

FEDDX's dividend yield for the trailing twelve months is around 4.47%, which matches FEDIX's 4.51% yield.


TTM20252024202320222021202020192018201720162015
FEDDX
Fidelity Emerging Markets Discovery Fund
4.46%4.65%3.99%2.05%1.69%11.90%0.59%1.05%1.88%1.50%1.36%0.81%
FEDIX
Fidelity Advisor Emerging Markets Discovery Fund Class I
4.51%4.70%4.01%2.11%1.79%11.83%0.55%1.05%1.84%1.49%1.44%0.83%

Drawdowns

FEDDX vs. FEDIX - Drawdown Comparison

The maximum FEDDX drawdown since its inception was -42.95%, roughly equal to the maximum FEDIX drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for FEDDX and FEDIX.


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Drawdown Indicators


FEDDXFEDIXDifference

Max Drawdown

Largest peak-to-trough decline

-42.95%

-42.98%

+0.03%

Max Drawdown (1Y)

Largest decline over 1 year

-9.94%

-9.98%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-27.45%

-27.42%

-0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-42.95%

-42.98%

+0.03%

Current Drawdown

Current decline from peak

-9.54%

-9.58%

+0.04%

Average Drawdown

Average peak-to-trough decline

-8.86%

-8.86%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.51%

0.00%

Volatility

FEDDX vs. FEDIX - Volatility Comparison

Fidelity Emerging Markets Discovery Fund (FEDDX) and Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) have volatilities of 6.44% and 6.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FEDDXFEDIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.44%

6.44%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

9.71%

+0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

14.37%

14.33%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

13.98%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

15.65%

0.00%