FEMKX vs. SNXFX

Last updated Aug 1, 2026

FEMKX (Fidelity Emerging Markets Fund) and SNXFX (Schwab 1000 Index Fund) are both mutual funds - FEMKX is a Emerging Markets Equities fund actively managed by Fidelity, while SNXFX is a Large Cap Blend Equities fund tracking the Schwab 1000 Index. FEMKX is actively managed, while SNXFX is passively managed. Over the past 10 years, FEMKX returned 10.42%/yr vs 14.64%/yr for SNXFX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FEMKX charges 0.86%/yr vs 0.05%/yr for SNXFX.

Performance

FEMKX vs. SNXFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Emerging Markets Fund (FEMKX) and Schwab 1000 Index Fund (SNXFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEMKX achieves a 13.92% return, which is significantly higher than SNXFX's 9.62% return. Over the past 10 years, FEMKX has underperformed SNXFX with an annualized return of 10.42%, while SNXFX has yielded a comparatively higher 14.64% annualized return.

FEMKX

• 1D: 3.84%
• 1M: -4.46%
• 6M: 6.75%
• YTD: 13.92%
• 1Y: 33.30%
• 3Y*: 16.57%
• 5Y*: 6.05%
• 10Y*: 10.42%
• ALL TIME*: 6.18%

SNXFX

• 1D: 1.59%
• 1M: -0.68%
• 6M: 8.06%
• YTD: 9.62%
• 1Y: 20.43%
• 3Y*: 18.80%
• 5Y*: 11.90%
• 10Y*: 14.64%
• ALL TIME*: 10.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEMKX Fidelity Emerging Markets Fund	$0.00	$0.00	$0.00
SNXFX Schwab 1000 Index Fund	$0.00	$0.00	$0.00

FEMKX vs. SNXFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEMKX Fidelity Emerging Markets Fund	13.92%	31.02%	7.12%	15.16%	-27.48%	1.25%	32.56%	33.67%	-18.03%	46.92%
SNXFX Schwab 1000 Index Fund	9.62%	17.23%	24.46%	26.53%	-19.46%	26.10%	20.71%	31.43%	-5.04%	21.71%

Correlation

The correlation between FEMKX and SNXFX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992	0.58

The correlation between FEMKX and SNXFX shifts across timeframes, from 0.58 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FEMKX vs. SNXFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEMKX

FEMKX Risk / Return Rank: 52
FEMKX Sharpe Ratio Rank: 48
FEMKX Sortino Ratio Rank: 43
FEMKX Omega Ratio Rank: 52
FEMKX Calmar Ratio Rank: 64
FEMKX Martin Ratio Rank: 50

SNXFX

SNXFX Risk / Return Rank: 60
SNXFX Sharpe Ratio Rank: 57
SNXFX Sortino Ratio Rank: 54
SNXFX Omega Ratio Rank: 54
SNXFX Calmar Ratio Rank: 63
SNXFX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEMKX vs. SNXFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Fund (FEMKX) and Schwab 1000 Index Fund (SNXFX). 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	SNXFX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.38	-0.10
Sortino ratio: Return per unit of downside risk	1.75	1.94	-0.19
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	2.06	2.03	+0.04
Martin ratio: Return relative to average drawdown	6.75	8.68	-1.93

FEMKX vs. SNXFX - Sharpe Ratio Comparison

The current FEMKX Sharpe Ratio is 1.28, which is comparable to the SNXFX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FEMKX and SNXFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEMKX vs. SNXFX - Drawdown Comparison

The maximum FEMKX drawdown since its inception was -71.14%, which is greater than SNXFX's maximum drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FEMKX and SNXFX.

Drawdown Indicators

	FEMKX	SNXFX	Difference
Max Drawdown Largest peak-to-trough decline	-71.14%	-55.08%	-16.06%
Max Drawdown (1Y) Largest decline over 1 year	-14.94%	-8.94%	-6.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.13%	-19.21%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-40.49%	-25.36%	-15.13%
Max Drawdown (10Y) Largest decline over 10 years	-43.24%	-34.58%	-8.66%
Current Drawdown Current decline from peak	-11.68%	-2.03%	-9.65%
Average Drawdown Average peak-to-trough decline	-25.86%	-8.73%	-17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	2.09%	+2.47%

Volatility

FEMKX vs. SNXFX - Volatility Comparison

Fidelity Emerging Markets Fund (FEMKX) has a higher volatility of 9.59% compared to Schwab 1000 Index Fund (SNXFX) at 3.41%. This indicates that FEMKX's price experiences larger fluctuations and is considered to be riskier than SNXFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEMKX	SNXFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	3.41%	+6.18%
Volatility (6M) Calculated over the trailing 6-month period	21.93%	10.26%	+11.67%
Volatility (1Y) Calculated over the trailing 1-year period	24.08%	13.11%	+10.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.96%	17.43%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	18.74%	+0.44%

FEMKX vs. SNXFX - Expense Ratio Comparison

FEMKX has a 0.86% expense ratio, which is higher than SNXFX's 0.05% expense ratio.

Dividends

FEMKX vs. SNXFX - Dividend Comparison

FEMKX's dividend yield for the trailing twelve months is around 0.04%, less than SNXFX's 1.33% 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%
SNXFX Schwab 1000 Index Fund	1.33%	1.45%	1.23%	1.41%	1.61%	1.74%	2.76%	3.01%	6.49%	4.23%	3.41%	6.31%

Frequently Asked Questions

Can I hold both FEMKX and SNXFX in my portfolio?

FEMKX and SNXFX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEMKX or SNXFX?

FEMKX has higher volatility (9.59%) compared to SNXFX (3.41%). In terms of maximum drawdown, FEMKX dropped -71.14% vs SNXFX's -55.08%.

Which has better risk-adjusted returns?

SNXFX currently has the higher Sharpe Ratio (1.38 vs 1.28), 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.