FEDIX vs. IEMG
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) and iShares Core MSCI Emerging Markets ETF (IEMG).
FEDIX is managed by Fidelity. It was launched on Nov 1, 2011. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012.
Performance
FEDIX vs. IEMG - Performance Comparison
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FEDIX vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 6.08% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 19.64% | -18.89% | 36.50% |
IEMG iShares Core MSCI Emerging Markets ETF | 4.55% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Returns By Period
In the year-to-date period, FEDIX achieves a 6.08% return, which is significantly higher than IEMG's 4.55% return. Over the past 10 years, FEDIX has outperformed IEMG with an annualized return of 9.73%, while IEMG has yielded a comparatively lower 8.31% annualized return.
FEDIX
- 1D
- 1.90%
- 1M
- -6.08%
- YTD
- 6.08%
- 6M
- 11.75%
- 1Y
- 36.71%
- 3Y*
- 15.64%
- 5Y*
- 7.83%
- 10Y*
- 9.73%
IEMG
- 1D
- 0.76%
- 1M
- -6.83%
- YTD
- 4.55%
- 6M
- 7.62%
- 1Y
- 33.51%
- 3Y*
- 16.36%
- 5Y*
- 4.53%
- 10Y*
- 8.31%
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FEDIX vs. IEMG - Expense Ratio Comparison
FEDIX has a 1.19% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Return for Risk
FEDIX vs. IEMG — Risk / Return Rank
FEDIX
IEMG
FEDIX vs. IEMG - 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 Core MSCI Emerging Markets ETF (IEMG). 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 | IEMG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.64 | 1.70 | +0.94 |
Sortino ratioReturn per unit of downside risk | 3.28 | 2.30 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.34 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.58 | +1.09 |
Martin ratioReturn relative to average drawdown | 14.30 | 9.84 | +4.45 |
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 | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 1.70 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.25 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.42 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.28 | +0.24 |
Correlation
The correlation between FEDIX and IEMG is 0.85, 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. IEMG - Dividend Comparison
FEDIX's dividend yield for the trailing twelve months is around 4.43%, more than IEMG's 2.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.43% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.63% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Drawdowns
FEDIX vs. IEMG - Drawdown Comparison
The maximum FEDIX drawdown since its inception was -42.98%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for FEDIX and IEMG.
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Drawdown Indicators
| FEDIX | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.98% | -38.71% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -13.21% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.42% | -35.93% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.98% | -38.71% | -4.27% |
Current DrawdownCurrent decline from peak | -7.86% | -9.40% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -13.11% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.46% | -0.90% |
Volatility
FEDIX vs. IEMG - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) is 6.74%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 9.35%. This indicates that FEDIX experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDIX | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 9.35% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 14.68% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 19.79% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 17.91% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 19.84% | -4.18% |