FEDIX vs. FERGX
FEDIX (Fidelity Advisor Emerging Markets Discovery Fund Class I) and FERGX (Fidelity SAI Emerging Markets Index Fund) are both Emerging Markets Equities funds from Fidelity. Over the past 5 years, FEDIX returned 8.67%/yr vs 7.32%/yr for FERGX. Their correlation of 0.89 means they have usually moved in the same direction. FEDIX charges 1.19%/yr vs 0.07%/yr for FERGX.
Performance
FEDIX vs. FERGX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FEDIX having a 17.63% return and FERGX slightly higher at 17.99%.
FEDIX
- 1D
- -0.44%
- 1M
- -1.35%
- 6M
- 8.80%
- YTD
- 17.63%
- 1Y
- 33.40%
- 3Y*
- 15.63%
- 5Y*
- 8.67%
- 10Y*
- 9.92%
- ALL TIME*
- 8.23%
FERGX
- 1D
- 1.66%
- 1M
- -1.93%
- 6M
- 9.08%
- YTD
- 17.99%
- 1Y
- 35.92%
- 3Y*
- 18.51%
- 5Y*
- 7.32%
- 10Y*
- —
- ALL TIME*
- 8.89%
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 |
FEDIX vs. FERGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 17.63% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 19.64% | -18.89% | 36.50% |
FERGX Fidelity SAI Emerging Markets Index Fund | 17.99% | 33.86% | 6.59% | 9.41% | -20.19% | -3.05% | 17.46% | 18.22% | -14.52% | 33.62% |
Correlation
The correlation between FEDIX 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 FEDIX and FERGX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
FEDIX vs. FERGX — Risk / Return Rank
FEDIX
FERGX
FEDIX vs. FERGX - 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 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.
| FEDIX | FERGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.29 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.50 | +0.94 |
| Martin ratioReturn relative to average drawdown | 11.63 | 7.90 | +3.73 |
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Drawdowns
FEDIX vs. FERGX - Drawdown Comparison
The maximum FEDIX drawdown since its inception was -42.98%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for FEDIX and FERGX.
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Drawdown Indicators
| FEDIX | FERGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.98% | -39.27% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -14.00% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -16.20% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -27.42% | -34.56% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -42.98% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -9.06% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -14.19% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.41% | -1.59% |
Volatility
FEDIX vs. FERGX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) is 5.54%, while Fidelity SAI Emerging Markets Index Fund (FERGX) has a volatility of 9.45%. This indicates that FEDIX 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.
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Volatility by Period
| FEDIX | FERGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 9.45% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 21.01% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 22.84% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 18.26% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 18.46% | -2.64% |
FEDIX vs. FERGX - Expense Ratio Comparison
FEDIX has a 1.19% expense ratio, which is higher than FERGX's 0.08% expense ratio.
Dividends
FEDIX vs. FERGX - Dividend Comparison
FEDIX's dividend yield for the trailing twelve months is around 3.99%, more than FERGX's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 3.99% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
FERGX Fidelity SAI Emerging Markets Index Fund | 2.27% | 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
FEDIX 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 (9.45%) compared to FEDIX (5.54%). In terms of maximum drawdown, FEDIX dropped -42.98% vs FERGX's -39.27%.
FEDIX currently has the higher Sharpe Ratio (2.19 vs 1.53), 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.
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