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FEDGX vs. FIMKX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FEDGX vs. FIMKX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX).

FEDGX is managed by Fidelity. It was launched on Nov 1, 2011. FIMKX is managed by Fidelity. It was launched on Mar 29, 2004.

Performance

FEDGX vs. FIMKX - Performance Comparison

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

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FEDGX vs. FIMKX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEDGX
Fidelity Advisor Emerging Markets Discovery Fund Class C		3.88%30.50%-4.59%19.45%-12.76%5.51%15.73%18.27%-19.70%35.93%
FIMKX
Fidelity Advisor Focused Emerging Markets Fund Class I		0.92%40.06%9.31%8.44%-19.82%-2.63%30.43%29.75%-18.06%46.67%

Returns By Period

In the year-to-date period, FEDGX achieves a 3.88% return, which is significantly higher than FIMKX's 0.92% return. Over the past 10 years, FEDGX has underperformed FIMKX with an annualized return of 8.45%, while FIMKX has yielded a comparatively higher 10.38% annualized return.

FEDGX

1D
-0.77%
1M
-9.27%
YTD
3.88%
6M
9.76%
1Y
33.85%
3Y*
13.78%
5Y*
6.60%
10Y*
8.45%

FIMKX

1D
-0.97%
1M
-13.14%
YTD
0.92%
6M
6.57%
1Y
33.30%
3Y*
17.41%
5Y*
4.77%
10Y*
10.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Advisor Emerging Markets Discovery Fund Class C

Fidelity Advisor Focused Emerging Markets Fund Class I

Often compared with FEDGX:
FEDGX vs. MAGSFEDGX vs. VOTFEDGX vs. CNWIXFEDGX vs. FEDAXFEDGX vs. SIVLXFEDGX vs. DEMAXFEDGX vs. FCNTX
Often compared with FIMKX:
FIMKX vs. FEMKXFIMKX vs. FSPSXFIMKX vs. SCHEFIMKX vs. SPEMFIMKX vs. SPYFIMKX vs. SWTSXFIMKX vs. BTMKX

FEDGX vs. FIMKX - Expense Ratio Comparison

FEDGX has a 2.25% expense ratio, which is higher than FIMKX's 1.03% expense ratio.

FEDGX
Fidelity Advisor Emerging Markets Discovery Fund Class C
FIMKX
Fidelity Advisor Focused Emerging Markets Fund Class I

Return for Risk

FEDGX vs. FIMKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEDGX
FEDGX Risk / Return Rank: 9494
Overall Rank
FEDGX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FEDGX Sortino Ratio Rank: 9393
Sortino Ratio Rank
FEDGX Omega Ratio Rank: 9292
Omega Ratio Rank
FEDGX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FEDGX Martin Ratio Rank: 9494
Martin Ratio Rank
FIMKX
FIMKX Risk / Return Rank: 8585
Overall Rank
FIMKX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FIMKX Sortino Ratio Rank: 8585
Sortino Ratio Rank
FIMKX Omega Ratio Rank: 8484
Omega Ratio Rank
FIMKX Calmar Ratio Rank: 8585
Calmar Ratio Rank
FIMKX Martin Ratio Rank: 8383
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.

FEDGX vs. FIMKX - Risk-Adjusted Trends Comparison

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

FEDGXFIMKXDifference

Sharpe ratio

Return per unit of total volatility

2.29

1.76

+0.54

Sortino ratio

Return per unit of downside risk

2.88

2.23

+0.65

Omega ratio

Gain probability vs. loss probability

1.43

1.34

+0.09

Calmar ratio

Return relative to maximum drawdown

3.05

2.16

+0.89

Martin ratio

Return relative to average drawdown

11.96

8.35

+3.61

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEDGX vs. FIMKX - Sharpe Ratio Comparison

The current FEDGX Sharpe Ratio is 2.29, which is higher than the FIMKX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of FEDGX and FIMKX, 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

FEDGXFIMKXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

1.76

+0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.26

+0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.56

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.40

+0.04

Correlation

The correlation between FEDGX and FIMKX is 0.88, 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

FEDGX vs. FIMKX - Dividend Comparison

FEDGX's dividend yield for the trailing twelve months is around 3.66%, more than FIMKX's 1.56% yield.

TTM20252024202320222021202020192018201720162015
FEDGX
Fidelity Advisor Emerging Markets Discovery Fund Class C		3.66%3.81%3.01%1.09%0.57%10.88%0.00%0.00%0.49%1.54%0.58%0.00%
FIMKX
Fidelity Advisor Focused Emerging Markets Fund Class I		1.56%1.57%1.20%1.60%1.14%5.19%2.09%10.86%0.61%0.10%0.45%0.19%

Drawdowns

FEDGX vs. FIMKX - Drawdown Comparison

The maximum FEDGX drawdown since its inception was -44.26%, smaller than the maximum FIMKX drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for FEDGX and FIMKX.

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Drawdown Indicators

FEDGXFIMKXDifference

Max Drawdown

Largest peak-to-trough decline

-44.26%

-69.98%

+25.72%

Max Drawdown (1Y)

Largest decline over 1 year

-9.97%

-13.72%

+3.75%

Max Drawdown (5Y)

Largest decline over 5 years

-28.29%

-40.49%

+12.20%

Max Drawdown (10Y)

Largest decline over 10 years

-44.26%

-41.85%

-2.41%

Current Drawdown

Current decline from peak

-9.66%

-13.72%

+4.06%

Average Drawdown

Average peak-to-trough decline

-9.62%

-20.00%

+10.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

3.54%

-1.00%

Volatility

FEDGX vs. FIMKX - Volatility Comparison

The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) is 6.45%, while Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) has a volatility of 8.53%. This indicates that FEDGX experiences smaller price fluctuations and is considered to be less risky than FIMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEDGXFIMKXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.45%

8.53%

-2.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.75%

13.10%

-3.35%

Volatility (1Y)

Calculated over the trailing 1-year period

14.39%

18.40%

-4.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

18.46%

-4.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.64%

18.55%

-2.91%