FEMKX vs. FEDTX
Compare and contrast key facts about Fidelity Emerging Markets (FEMKX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
FEMKX is managed by Fidelity. It was launched on Nov 1, 1990. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FEMKX vs. FEDTX - Performance Comparison
Loading graphics...
FEMKX vs. FEDTX - 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 3.99% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
Returns By Period
In the year-to-date period, FEMKX achieves a -2.45% return, which is significantly lower than FEDTX's 3.99% return. Over the past 10 years, FEMKX has outperformed FEDTX with an annualized return of 9.57%, while FEDTX has yielded a comparatively lower 8.96% annualized return.
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%
FEDTX
- 1D
- -0.75%
- 1M
- -9.25%
- YTD
- 3.99%
- 6M
- 10.01%
- 1Y
- 34.47%
- 3Y*
- 14.34%
- 5Y*
- 7.13%
- 10Y*
- 8.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FEMKX vs. FEDTX - Expense Ratio Comparison
FEMKX has a 0.88% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
FEMKX vs. FEDTX — Risk / Return Rank
FEMKX
FEDTX
FEMKX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 2.35 | -0.87 |
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 | 3.12 | -1.11 |
Martin ratioReturn relative to average drawdown | 7.64 | 12.26 | -4.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FEMKX | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.35 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.51 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.58 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.48 | -0.19 |
Correlation
The correlation between FEMKX and FEDTX 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. FEDTX - Dividend Comparison
FEMKX's dividend yield for the trailing twelve months is around 0.05%, less than FEDTX's 4.14% 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.14% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
FEMKX vs. FEDTX - Drawdown Comparison
The maximum FEMKX drawdown since its inception was -71.14%, which is greater than FEDTX's maximum drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for FEMKX and FEDTX.
Loading graphics...
Drawdown Indicators
| FEMKX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -43.70% | -27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.94% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -40.88% | -27.91% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -43.24% | -43.70% | +0.46% |
Current DrawdownCurrent decline from peak | -13.00% | -9.62% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -26.06% | -9.26% | -16.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.53% | +0.89% |
Volatility
FEMKX vs. FEDTX - Volatility Comparison
Fidelity Emerging Markets (FEMKX) has a higher volatility of 9.18% compared to Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) at 6.43%. This indicates that FEMKX's price experiences larger fluctuations and is considered to be riskier than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FEMKX | FEDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 6.43% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 9.71% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 14.32% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 13.96% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 15.63% | +2.78% |