FEMKX vs. PCY
Compare and contrast key facts about Fidelity Emerging Markets (FEMKX) and Invesco Emerging Markets Sovereign Debt ETF (PCY).
FEMKX is managed by Fidelity. It was launched on Nov 1, 1990. PCY is a passively managed fund by Invesco that tracks the performance of the DB Emerging Market USD Liquid Balanced Index. It was launched on Oct 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMKX or PCY.
Key characteristics
| FEMKX | PCY | |
|---|---|---|
| YTD Return | 7.58% | 0.64% |
| 1Y Return | 16.12% | 15.20% |
| 3Y Return (Ann) | -3.50% | -3.81% |
| 5Y Return (Ann) | 7.17% | -0.66% |
| 10Y Return (Ann) | 5.99% | 1.77% |
| Sharpe Ratio | 1.31 | 1.22 |
| Daily Std Dev | 13.71% | 11.91% |
| Max Drawdown | -71.06% | -49.14% |
| Current Drawdown | -19.18% | -14.27% |
Correlation
The correlation between FEMKX and PCY is 0.40, 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.
Performance
FEMKX vs. PCY - Performance Comparison
In the year-to-date period, FEMKX achieves a 7.58% return, which is significantly higher than PCY's 0.64% return. Over the past 10 years, FEMKX has outperformed PCY with an annualized return of 5.99%, while PCY has yielded a comparatively lower 1.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEMKX vs. PCY - Expense Ratio Comparison
FEMKX has a 0.88% expense ratio, which is higher than PCY's 0.50% expense ratio.
Risk-Adjusted Performance
FEMKX vs. PCY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets (FEMKX) and Invesco Emerging Markets Sovereign Debt ETF (PCY). 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.
Dividends
FEMKX vs. PCY - Dividend Comparison
FEMKX's dividend yield for the trailing twelve months is around 1.03%, less than PCY's 6.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMKX Fidelity Emerging Markets | 1.03% | 1.11% | 0.77% | 6.00% | 1.39% | 1.71% | 0.83% | 0.58% | 0.67% | 0.51% | 1.24% | 0.08% |
PCY Invesco Emerging Markets Sovereign Debt ETF | 6.70% | 6.48% | 6.81% | 4.80% | 4.45% | 4.78% | 4.93% | 4.80% | 5.19% | 5.46% | 4.58% | 4.69% |
Drawdowns
FEMKX vs. PCY - Drawdown Comparison
The maximum FEMKX drawdown since its inception was -71.06%, which is greater than PCY's maximum drawdown of -49.14%. Use the drawdown chart below to compare losses from any high point for FEMKX and PCY. For additional features, visit the drawdowns tool.
Volatility
FEMKX vs. PCY - Volatility Comparison
Fidelity Emerging Markets (FEMKX) has a higher volatility of 4.20% compared to Invesco Emerging Markets Sovereign Debt ETF (PCY) at 2.87%. This indicates that FEMKX's price experiences larger fluctuations and is considered to be riskier than PCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.