FEDIX vs. EEM
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) and iShares MSCI Emerging Markets ETF (EEM).
FEDIX is managed by Fidelity. It was launched on Nov 1, 2011. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Performance
FEDIX vs. EEM - Performance Comparison
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FEDIX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EEM iShares MSCI Emerging Markets ETF | 3.80% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Returns By Period
In the year-to-date period, FEDIX achieves a 4.11% return, which is significantly higher than EEM's 3.80% return. Over the past 10 years, FEDIX has outperformed EEM with an annualized return of 9.53%, while EEM has yielded a comparatively lower 7.58% annualized return.
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%
EEM
- 1D
- 3.73%
- 1M
- -9.25%
- YTD
- 3.80%
- 6M
- 7.87%
- 1Y
- 33.09%
- 3Y*
- 15.72%
- 5Y*
- 3.45%
- 10Y*
- 7.58%
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FEDIX vs. EEM - Expense Ratio Comparison
FEDIX has a 1.19% expense ratio, which is higher than EEM's 0.72% expense ratio.
Return for Risk
FEDIX vs. EEM — Risk / Return Rank
FEDIX
EEM
FEDIX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) and iShares MSCI Emerging Markets ETF (EEM). 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.
| FEDIX | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.64 | +0.75 |
Sortino ratioReturn per unit of downside risk | 3.00 | 2.23 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.33 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.43 | +0.74 |
Martin ratioReturn relative to average drawdown | 12.58 | 9.41 | +3.18 |
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
| FEDIX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.64 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.19 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.37 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.35 | +0.16 |
Correlation
The correlation between FEDIX and EEM is 0.84, 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
FEDIX vs. EEM - Dividend Comparison
FEDIX's dividend yield for the trailing twelve months is around 4.51%, more than EEM's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EEM iShares MSCI Emerging Markets ETF | 2.14% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
FEDIX vs. EEM - Drawdown Comparison
The maximum FEDIX drawdown since its inception was -42.98%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for FEDIX and EEM.
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Drawdown Indicators
| FEDIX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.98% | -66.43% | +23.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -13.52% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.42% | -37.82% | +10.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.98% | -39.82% | -3.16% |
Current DrawdownCurrent decline from peak | -9.58% | -10.30% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -16.12% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.49% | -0.98% |
Volatility
FEDIX vs. EEM - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) is 6.44%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.70%. This indicates that FEDIX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDIX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 10.70% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 15.12% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 20.23% | -5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 18.43% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 20.32% | -4.67% |