FEMKX vs. FEDAX
Compare and contrast key facts about Fidelity Emerging Markets (FEMKX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
FEMKX is managed by Fidelity. It was launched on Nov 1, 1990. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FEMKX vs. FEDAX - Performance Comparison
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FEMKX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMKX Fidelity Emerging Markets | -2.45% | 31.02% | 7.12% | 15.16% | -27.48% | 1.25% | 32.56% | 33.67% | -18.03% | 46.92% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, FEMKX achieves a -2.45% return, which is significantly lower than FEDAX's 4.10% return. Both investments have delivered pretty close results over the past 10 years, with FEMKX having a 9.57% annualized return and FEDAX not far behind at 9.23%.
FEMKX
- 1D
- -0.90%
- 1M
- -11.42%
- YTD
- -2.45%
- 6M
- 1.51%
- 1Y
- 29.35%
- 3Y*
- 13.32%
- 5Y*
- 2.59%
- 10Y*
- 9.57%
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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FEMKX vs. FEDAX - Expense Ratio Comparison
FEMKX has a 0.88% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
FEMKX vs. FEDAX — Risk / Return Rank
FEMKX
FEDAX
FEMKX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets (FEMKX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| FEMKX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 2.36 | -0.88 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.95 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.15 | -1.14 |
Martin ratioReturn relative to average drawdown | 7.64 | 12.43 | -4.79 |
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
| FEMKX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.36 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.53 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.59 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.49 | -0.20 |
Correlation
The correlation between FEMKX and FEDAX is 0.87, 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
FEMKX vs. FEDAX - Dividend Comparison
FEMKX's dividend yield for the trailing twelve months is around 0.05%, less than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMKX Fidelity Emerging Markets | 0.05% | 0.05% | 0.65% | 1.11% | 0.77% | 6.00% | 1.39% | 1.71% | 0.83% | 0.08% | 0.67% | 0.51% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
FEMKX vs. FEDAX - Drawdown Comparison
The maximum FEMKX drawdown since its inception was -71.14%, which is greater than FEDAX's maximum drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for FEMKX and FEDAX.
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Drawdown Indicators
| FEMKX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -43.35% | -27.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.95% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.88% | -27.68% | -13.20% |
Max Drawdown (10Y)Largest decline over 10 years | -43.24% | -43.35% | +0.11% |
Current DrawdownCurrent decline from peak | -13.00% | -9.58% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -26.06% | -9.06% | -17.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.52% | +0.90% |
Volatility
FEMKX vs. FEDAX - Volatility Comparison
Fidelity Emerging Markets (FEMKX) has a higher volatility of 9.18% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that FEMKX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMKX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 6.48% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 9.76% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 14.38% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 13.98% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 15.67% | +2.74% |