FEDTX vs. IIF
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Morgan Stanley India Investment Fund (IIF).
FEDTX is managed by Fidelity. It was launched on Nov 1, 2011. IIF is managed by Morgan Stanley. It was launched on Feb 25, 1994.
Performance
FEDTX vs. IIF - Performance Comparison
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FEDTX vs. IIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 5.98% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
IIF Morgan Stanley India Investment Fund | -17.33% | 6.71% | 29.65% | 21.43% | -9.55% | 30.87% | 6.66% | -0.66% | -21.25% | 49.89% |
Returns By Period
In the year-to-date period, FEDTX achieves a 5.98% return, which is significantly higher than IIF's -17.33% return. Over the past 10 years, FEDTX has outperformed IIF with an annualized return of 9.17%, while IIF has yielded a comparatively lower 8.15% annualized return.
FEDTX
- 1D
- 1.92%
- 1M
- -6.09%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 36.08%
- 3Y*
- 15.07%
- 5Y*
- 7.26%
- 10Y*
- 9.17%
IIF
- 1D
- 0.34%
- 1M
- -12.02%
- YTD
- -17.33%
- 6M
- -16.10%
- 1Y
- -7.12%
- 3Y*
- 13.15%
- 5Y*
- 8.16%
- 10Y*
- 8.15%
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FEDTX vs. IIF - Expense Ratio Comparison
FEDTX has a 1.76% expense ratio, which is higher than IIF's 0.01% expense ratio.
Return for Risk
FEDTX vs. IIF — Risk / Return Rank
FEDTX
IIF
FEDTX vs. IIF - 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 Morgan Stanley India Investment Fund (IIF). 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 | IIF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | -0.43 | +3.02 |
Sortino ratioReturn per unit of downside risk | 3.22 | -0.52 | +3.74 |
Omega ratioGain probability vs. loss probability | 1.49 | 0.94 | +0.55 |
Calmar ratioReturn relative to maximum drawdown | 3.62 | -0.36 | +3.98 |
Martin ratioReturn relative to average drawdown | 13.98 | -1.19 | +15.16 |
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 | IIF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | -0.43 | +3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.52 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.41 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.38 | +0.11 |
Correlation
The correlation between FEDTX and IIF is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FEDTX vs. IIF - Dividend Comparison
FEDTX's dividend yield for the trailing twelve months is around 4.06%, less than IIF's 9.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.06% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
IIF Morgan Stanley India Investment Fund | 9.61% | 7.95% | 10.67% | 14.61% | 19.62% | 3.75% | 0.02% | 0.14% | 30.40% | 15.23% | 4.46% | 0.16% |
Drawdowns
FEDTX vs. IIF - Drawdown Comparison
The maximum FEDTX drawdown since its inception was -43.70%, smaller than the maximum IIF drawdown of -62.11%. Use the drawdown chart below to compare losses from any high point for FEDTX and IIF.
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Drawdown Indicators
| FEDTX | IIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -62.11% | +18.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -24.05% | +14.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -24.05% | -3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -59.05% | +15.35% |
Current DrawdownCurrent decline from peak | -7.89% | -21.43% | +13.54% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -19.79% | +10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 7.24% | -4.66% |
Volatility
FEDTX vs. IIF - Volatility Comparison
Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Morgan Stanley India Investment Fund (IIF) have volatilities of 6.74% and 7.00%, 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 | IIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 7.00% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 11.24% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 16.69% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 15.67% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 19.73% | -4.08% |