FEDTX vs. FEDIX
FEDTX (Fidelity Advisor Emerging Markets Discovery Fund Class M) and FEDIX (Fidelity Advisor Emerging Markets Discovery Fund Class I) are both Emerging Markets Equities funds from Fidelity. Over the past 10 years, FEDTX returned 10.39%/yr vs 10.85%/yr for FEDIX. With a 1.00 correlation, they move nearly in lockstep. FEDTX charges 1.76%/yr vs 1.19%/yr for FEDIX.
Performance
FEDTX vs. FEDIX - 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 FEDIX slightly lower at 18.93%. Both investments have delivered pretty close results over the past 10 years, with FEDTX having a 10.39% annualized return and FEDIX not far ahead at 10.85%.
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%
FEDIX
- 1D
- -0.91%
- 1M
- -0.52%
- YTD
- 18.93%
- 6M
- 20.92%
- 1Y
- 38.54%
- 3Y*
- 18.61%
- 5Y*
- 8.45%
- 10Y*
- 10.85%
FEDTX vs. FEDIX - 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% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 18.93% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 19.64% | -18.89% | 36.50% |
Correlation
The correlation between FEDTX and FEDIX 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 FEDIX 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. FEDIX — Risk / Return Rank
FEDTX
FEDIX
FEDTX vs. FEDIX - 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 I (FEDIX). 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 | FEDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.55 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 4.14 | +0.08 |
| Martin ratioReturn relative to average drawdown | 16.15 | 15.86 | +0.29 |
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 | FEDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 3.00 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.60 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.69 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.57 | -0.03 |
Drawdowns
FEDTX vs. FEDIX - Drawdown Comparison
The maximum FEDTX drawdown since its inception was -43.70%, roughly equal to the maximum FEDIX drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for FEDTX and FEDIX.
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Drawdown Indicators
| FEDTX | FEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -42.98% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -9.58% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -17.33% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -27.42% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -42.98% | -0.72% |
Current DrawdownCurrent decline from peak | -1.13% | -2.01% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -8.77% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.49% | +0.02% |
Volatility
FEDTX vs. FEDIX - Volatility Comparison
Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) have volatilities of 4.36% and 4.45%, 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 | FEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.45% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 10.69% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 13.21% | -0.03% |
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% | 15.74% | -0.02% |
FEDTX vs. FEDIX - Expense Ratio Comparison
FEDTX has a 1.76% expense ratio, which is higher than FEDIX's 1.19% expense ratio.
Dividends
FEDTX vs. FEDIX - Dividend Comparison
FEDTX's dividend yield for the trailing twelve months is around 3.60%, less than FEDIX's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 3.95% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
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 FEDIX 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.
FEDIX has higher volatility (4.45%) compared to FEDTX (4.36%). In terms of maximum drawdown, FEDTX dropped -43.70% vs FEDIX's -42.98%.
FEDTX currently has the higher Sharpe Ratio (3.08 vs 3.00), 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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