FEMKX vs. FIMKX
Compare and contrast key facts about Fidelity Emerging Markets (FEMKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX).
FEMKX is managed by Fidelity. It was launched on Nov 1, 1990. FIMKX is managed by Fidelity. It was launched on Mar 29, 2004.
Performance
FEMKX vs. FIMKX - Performance Comparison
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FEMKX vs. FIMKX - 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% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 0.92% | 40.06% | 9.31% | 8.44% | -19.82% | -2.63% | 30.43% | 29.75% | -18.06% | 46.67% |
Returns By Period
In the year-to-date period, FEMKX achieves a -2.45% return, which is significantly lower than FIMKX's 0.92% return. Over the past 10 years, FEMKX has underperformed FIMKX with an annualized return of 9.57%, while FIMKX has yielded a comparatively higher 10.38% 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%
FIMKX
- 1D
- -0.97%
- 1M
- -13.14%
- YTD
- 0.92%
- 6M
- 6.57%
- 1Y
- 33.30%
- 3Y*
- 17.41%
- 5Y*
- 4.77%
- 10Y*
- 10.38%
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FEMKX vs. FIMKX - Expense Ratio Comparison
FEMKX has a 0.88% expense ratio, which is lower than FIMKX's 1.03% expense ratio.
Return for Risk
FEMKX vs. FIMKX — Risk / Return Rank
FEMKX
FIMKX
FEMKX vs. FIMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets (FEMKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). 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 | FIMKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.76 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.23 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.16 | -0.15 |
Martin ratioReturn relative to average drawdown | 7.64 | 8.35 | -0.71 |
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 | FIMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.76 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.26 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.56 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.40 | -0.11 |
Correlation
The correlation between FEMKX and FIMKX is 0.98, 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. FIMKX - Dividend Comparison
FEMKX's dividend yield for the trailing twelve months is around 0.05%, less than FIMKX's 1.56% 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% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 1.56% | 1.57% | 1.20% | 1.60% | 1.14% | 5.19% | 2.09% | 10.86% | 0.61% | 0.10% | 0.45% | 0.19% |
Drawdowns
FEMKX vs. FIMKX - Drawdown Comparison
The maximum FEMKX drawdown since its inception was -71.14%, roughly equal to the maximum FIMKX drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for FEMKX and FIMKX.
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Drawdown Indicators
| FEMKX | FIMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -69.98% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -13.72% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -40.88% | -40.49% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -43.24% | -41.85% | -1.39% |
Current DrawdownCurrent decline from peak | -13.00% | -13.72% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -26.06% | -20.00% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.54% | -0.12% |
Volatility
FEMKX vs. FIMKX - Volatility Comparison
Fidelity Emerging Markets (FEMKX) has a higher volatility of 9.18% compared to Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) at 8.53%. This indicates that FEMKX's price experiences larger fluctuations and is considered to be riskier than FIMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMKX | FIMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 8.53% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 13.10% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 18.40% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 18.46% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 18.55% | -0.14% |