FEDTX vs. FEDGX
FEDTX (Fidelity Advisor Emerging Markets Discovery Fund Class M) and FEDGX (Fidelity Advisor Emerging Markets Discovery Fund Class C) are both Emerging Markets Equities funds from Fidelity. Over the past 10 years, FEDTX returned 10.39%/yr vs 9.86%/yr for FEDGX. With a 1.00 correlation, they move nearly in lockstep. FEDTX charges 1.76%/yr vs 2.25%/yr for FEDGX.
Performance
FEDTX vs. FEDGX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FEDTX having a 19.78% return and FEDGX slightly lower at 19.51%. Over the past 10 years, FEDTX has outperformed FEDGX with an annualized return of 10.39%, while FEDGX has yielded a comparatively lower 9.86% annualized return.
FEDTX
- 1D
- 0.66%
- 1M
- 1.47%
- YTD
- 19.78%
- 6M
- 21.73%
- 1Y
- 39.97%
- 3Y*
- 18.36%
- 5Y*
- 8.18%
- 10Y*
- 10.39%
FEDGX
- 1D
- 0.64%
- 1M
- 1.42%
- YTD
- 19.51%
- 6M
- 21.42%
- 1Y
- 39.27%
- 3Y*
- 17.77%
- 5Y*
- 7.64%
- 10Y*
- 9.86%
FEDTX vs. FEDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 19.78% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 19.51% | 30.50% | -4.59% | 19.45% | -12.76% | 5.51% | 15.73% | 18.27% | -19.70% | 35.93% |
Correlation
The correlation between FEDTX and FEDGX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2011 | 1.00 |
The correlation between FEDTX and FEDGX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FEDTX vs. FEDGX — Risk / Return Rank
FEDTX
FEDGX
FEDTX vs. FEDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX). 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.
| FEDTX | FEDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.55 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 4.13 | +0.09 |
| Martin ratioReturn relative to average drawdown | 16.15 | 15.78 | +0.38 |
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
| FEDTX | FEDGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 3.02 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.54 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.63 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.51 | +0.03 |
Drawdowns
FEDTX vs. FEDGX - Drawdown Comparison
The maximum FEDTX drawdown since its inception was -43.70%, roughly equal to the maximum FEDGX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FEDTX and FEDGX.
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Drawdown Indicators
| FEDTX | FEDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -44.26% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -9.66% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -17.77% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -28.29% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -44.26% | +0.56% |
Current DrawdownCurrent decline from peak | -1.13% | -1.16% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -9.53% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.52% | -0.01% |
Volatility
FEDTX vs. FEDGX - Volatility Comparison
Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) have volatilities of 4.36% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDTX | FEDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.38% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 10.64% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 13.20% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 14.11% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 15.73% | -0.01% |
FEDTX vs. FEDGX - Expense Ratio Comparison
FEDTX has a 1.76% expense ratio, which is lower than FEDGX's 2.25% expense ratio.
Dividends
FEDTX vs. FEDGX - Dividend Comparison
FEDTX's dividend yield for the trailing twelve months is around 3.60%, more than FEDGX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 3.18% | 3.81% | 3.01% | 1.09% | 0.57% | 10.88% | 0.00% | 0.00% | 0.49% | 1.54% | 0.58% | 0.00% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 3.60% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Frequently Asked Questions
With a correlation of 1.00, FEDTX and FEDGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FEDGX has higher volatility (4.38%) compared to FEDTX (4.36%). In terms of maximum drawdown, FEDTX dropped -43.70% vs FEDGX's -44.26%.
FEDTX currently has the higher Sharpe Ratio (3.08 vs 3.02), 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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