FEMKX vs. FGOMX
FEMKX (Fidelity Emerging Markets Fund) and FGOMX (Strategic Advisers Fidelity Emerging Markets Fund) are both mutual funds - FEMKX is a Emerging Markets Equities fund actively managed by Fidelity, while FGOMX is a Emerging Markets Diversified fund managed by Fidelity. Over the past 5 years, FEMKX returned 6.54%/yr vs 8.47%/yr for FGOMX. Their correlation of 0.93 suggests significant overlap in exposure. FEMKX charges 0.86%/yr vs 0.25%/yr for FGOMX.
Performance
FEMKX vs. FGOMX - Performance Comparison
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Returns By Period
In the year-to-date period, FEMKX achieves a 20.97% return, which is significantly lower than FGOMX's 25.63% return.
FEMKX
- 1D
- 0.40%
- 1M
- -1.11%
- 6M
- 15.55%
- YTD
- 20.97%
- 1Y
- 40.76%
- 3Y*
- 20.95%
- 5Y*
- 6.54%
- 10Y*
- 11.41%
FGOMX
- 1D
- 0.45%
- 1M
- -1.67%
- 6M
- 20.77%
- YTD
- 25.63%
- 1Y
- 45.54%
- 3Y*
- 24.20%
- 5Y*
- 8.47%
- 10Y*
- —
FEMKX vs. FGOMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FEMKX Fidelity Emerging Markets Fund | 20.97% | 31.02% | 7.12% | 15.16% | -27.48% | 1.25% | 32.56% | 33.67% | -3.57% |
FGOMX Strategic Advisers Fidelity Emerging Markets Fund | 25.63% | 34.20% | 7.88% | 12.23% | -22.45% | -0.19% | 22.10% | 22.25% | -4.83% |
Correlation
The correlation between FEMKX and FGOMX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.93 |
The correlation between FEMKX and FGOMX shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEMKX vs. FGOMX — Risk / Return Rank
FEMKX
FGOMX
FEMKX vs. FGOMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Fund (FEMKX) and Strategic Advisers Fidelity Emerging Markets Fund (FGOMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMKX | FGOMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 4.34 | -1.21 |
| Martin ratioReturn relative to average drawdown | 10.64 | 15.02 | -4.38 |
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Drawdowns
FEMKX vs. FGOMX - Drawdown Comparison
The maximum FEMKX drawdown since its inception was -71.14%, which is greater than FGOMX's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for FEMKX and FGOMX.
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Drawdown Indicators
| FEMKX | FGOMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -40.14% | -31.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -12.77% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -16.71% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -40.49% | -36.35% | -4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -43.24% | — | — |
Current DrawdownCurrent decline from peak | -6.20% | -6.06% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -13.24% | -12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.43% | +0.39% |
Volatility
FEMKX vs. FGOMX - Volatility Comparison
Fidelity Emerging Markets Fund (FEMKX) has a higher volatility of 10.87% compared to Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) at 10.28%. This indicates that FEMKX's price experiences larger fluctuations and is considered to be riskier than FGOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMKX | FGOMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.87% | 10.28% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 20.62% | 19.69% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 22.45% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 18.64% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 19.69% | -0.68% |
FEMKX vs. FGOMX - Expense Ratio Comparison
FEMKX has a 0.86% expense ratio, which is higher than FGOMX's 0.25% expense ratio.
Dividends
FEMKX vs. FGOMX - Dividend Comparison
FEMKX's dividend yield for the trailing twelve months is around 0.04%, less than FGOMX's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMKX Fidelity Emerging Markets Fund | 0.04% | 0.05% | 0.65% | 1.11% | 0.77% | 6.00% | 1.39% | 1.71% | 0.83% | 0.08% | 0.67% | 0.51% |
FGOMX Strategic Advisers Fidelity Emerging Markets Fund | 1.72% | 2.17% | 2.40% | 2.83% | 2.42% | 4.63% | 0.73% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEMKX and FGOMX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEMKX has higher volatility (10.87%) compared to FGOMX (10.28%). In terms of maximum drawdown, FEMKX dropped -71.14% vs FGOMX's -40.14%.
FGOMX currently has the higher Sharpe Ratio (2.47 vs 1.78), 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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