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FEMKX vs. PCY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FEMKXPCY
YTD Return11.29%6.43%
1Y Return19.11%19.96%
3Y Return (Ann)-4.24%-1.80%
5Y Return (Ann)6.04%-0.73%
10Y Return (Ann)6.25%2.20%
Sharpe Ratio1.232.01
Sortino Ratio1.822.91
Omega Ratio1.221.35
Calmar Ratio0.640.82
Martin Ratio6.0810.15
Ulcer Index3.13%2.03%
Daily Std Dev15.52%10.25%
Max Drawdown-71.06%-49.14%
Current Drawdown-16.38%-9.34%

Correlation

-0.50.00.51.00.4

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 11.29% return, which is significantly higher than PCY's 6.43% return. Over the past 10 years, FEMKX has outperformed PCY with an annualized return of 6.25%, while PCY has yielded a comparatively lower 2.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.45%
5.75%
FEMKX
PCY

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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.


FEMKX
Fidelity Emerging Markets
Expense ratio chart for FEMKX: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%
Expense ratio chart for PCY: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

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.


FEMKX
Sharpe ratio
The chart of Sharpe ratio for FEMKX, currently valued at 1.23, compared to the broader market0.002.004.001.23
Sortino ratio
The chart of Sortino ratio for FEMKX, currently valued at 1.82, compared to the broader market0.005.0010.001.82
Omega ratio
The chart of Omega ratio for FEMKX, currently valued at 1.22, compared to the broader market1.002.003.004.001.22
Calmar ratio
The chart of Calmar ratio for FEMKX, currently valued at 0.64, compared to the broader market0.005.0010.0015.0020.0025.000.64
Martin ratio
The chart of Martin ratio for FEMKX, currently valued at 6.08, compared to the broader market0.0020.0040.0060.0080.00100.006.08
PCY
Sharpe ratio
The chart of Sharpe ratio for PCY, currently valued at 1.95, compared to the broader market0.002.004.001.95
Sortino ratio
The chart of Sortino ratio for PCY, currently valued at 2.83, compared to the broader market0.005.0010.002.83
Omega ratio
The chart of Omega ratio for PCY, currently valued at 1.34, compared to the broader market1.002.003.004.001.34
Calmar ratio
The chart of Calmar ratio for PCY, currently valued at 0.80, compared to the broader market0.005.0010.0015.0020.0025.000.80
Martin ratio
The chart of Martin ratio for PCY, currently valued at 9.79, compared to the broader market0.0020.0040.0060.0080.00100.009.79

FEMKX vs. PCY - Sharpe Ratio Comparison

The current FEMKX Sharpe Ratio is 1.23, which is lower than the PCY Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of FEMKX and PCY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.23
1.95
FEMKX
PCY

Dividends

FEMKX vs. PCY - Dividend Comparison

FEMKX's dividend yield for the trailing twelve months is around 0.99%, less than PCY's 6.43% yield.


TTM20232022202120202019201820172016201520142013
FEMKX
Fidelity Emerging Markets
0.99%1.11%0.77%1.06%0.20%1.71%0.81%0.49%0.67%0.51%1.24%0.08%
PCY
Invesco Emerging Markets Sovereign Debt ETF
6.43%6.48%6.81%4.80%4.45%4.79%4.93%4.80%5.20%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.


-20.00%-15.00%-10.00%JuneJulyAugustSeptemberOctoberNovember
-16.38%
-9.34%
FEMKX
PCY

Volatility

FEMKX vs. PCY - Volatility Comparison

Fidelity Emerging Markets (FEMKX) has a higher volatility of 5.00% compared to Invesco Emerging Markets Sovereign Debt ETF (PCY) at 2.98%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
5.00%
2.98%
FEMKX
PCY