FEDDX vs. FERGX
FEDDX (Fidelity Emerging Markets Discovery Fund) and FERGX (Fidelity SAI Emerging Markets Index Fund) are both Emerging Markets Equities funds from Fidelity. Over the past 5 years, FEDDX returned 8.99%/yr vs 7.54%/yr for FERGX. Their correlation of 0.89 means they have usually moved in the same direction. FEDDX charges 1.19%/yr vs 0.07%/yr for FERGX.
Performance
FEDDX vs. FERGX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FEDDX having a 21.51% return and FERGX slightly lower at 21.28%.
FEDDX
- 1D
- 2.06%
- 1M
- 0.04%
- 6M
- 11.20%
- YTD
- 21.51%
- 1Y
- 35.62%
- 3Y*
- 17.58%
- 5Y*
- 8.99%
- 10Y*
- 10.10%
- ALL TIME*
- 8.46%
FERGX
- 1D
- 2.00%
- 1M
- -2.29%
- 6M
- 12.36%
- YTD
- 21.28%
- 1Y
- 37.61%
- 3Y*
- 20.50%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEDDX vs. FERGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 21.51% | 31.90% | -3.68% | 20.76% | -11.83% | 6.65% | 16.96% | 19.60% | -18.90% | 36.59% |
FERGX Fidelity SAI Emerging Markets Index Fund | 21.28% | 33.86% | 6.59% | 9.41% | -20.19% | -3.05% | 17.46% | 18.22% | -14.52% | 33.62% |
Correlation
The correlation between FEDDX and FERGX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.89 |
The correlation between FEDDX and FERGX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEDDX vs. FERGX — Risk / Return Rank
FEDDX
FERGX
FEDDX vs. FERGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Fidelity SAI Emerging Markets Index Fund (FERGX). 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.
| FEDDX | FERGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.76 | +1.09 |
| Martin ratioReturn relative to average drawdown | 13.01 | 8.64 | +4.37 |
Loading charts...
Drawdowns
FEDDX vs. FERGX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for FEDDX and FERGX.
Loading charts...
Drawdown Indicators
| FEDDX | FERGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.95% | -39.27% | -3.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -14.00% | +4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -16.20% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -34.56% | +7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -6.52% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -14.18% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.46% | -1.64% |
Volatility
FEDDX vs. FERGX - Volatility Comparison
The current volatility for Fidelity Emerging Markets Discovery Fund (FEDDX) is 5.75%, while Fidelity SAI Emerging Markets Index Fund (FERGX) has a volatility of 8.98%. This indicates that FEDDX experiences smaller price fluctuations and is considered to be less risky than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FEDDX | FERGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 8.98% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 20.99% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 22.89% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 18.28% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 18.46% | -2.62% |
FEDDX vs. FERGX - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than FERGX's 0.08% expense ratio.
Dividends
FEDDX vs. FERGX - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 3.83%, more than FERGX's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 3.83% | 4.65% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 1.50% | 1.36% | 0.81% |
FERGX Fidelity SAI Emerging Markets Index Fund | 2.20% | 2.67% | 2.40% | 2.67% | 2.51% | 2.90% | 1.49% | 2.49% | 2.58% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
FEDDX and FERGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FERGX has higher volatility (8.98%) compared to FEDDX (5.75%). In terms of maximum drawdown, FEDDX dropped -42.95% vs FERGX's -39.27%.
FEDDX currently has the higher Sharpe Ratio (2.42 vs 1.69), 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.
Find the right allocation for FEDDX and FERGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer