FEMKX vs. XRP-USD
FEMKX (Fidelity Emerging Markets) is Emerging Markets Equities fund managed by Fidelity, while XRP-USD (XRP) is a cryptocurrency. Over the past 5 years, FEMKX returned 6.21%/yr vs 5.19%/yr for XRP-USD. At a 0.19 correlation, their price movements are largely independent.
Performance
FEMKX vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FEMKX achieves a 21.74% return, which is significantly higher than XRP-USD's -37.47% return.
FEMKX
- 1D
- 5.11%
- 1M
- -0.90%
- YTD
- 21.74%
- 6M
- 24.81%
- 1Y
- 47.25%
- 3Y*
- 20.93%
- 5Y*
- 6.21%
- 10Y*
- 11.98%
XRP-USD
- 1D
- 1.46%
- 1M
- -22.57%
- YTD
- -37.47%
- 6M
- -43.16%
- 1Y
- -46.47%
- 3Y*
- 33.79%
- 5Y*
- 5.19%
- 10Y*
- —
FEMKX vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMKX Fidelity Emerging Markets | 21.74% | 31.02% | 7.12% | 15.16% | -27.48% | 1.25% | 32.56% | 33.67% | -18.03% | 46.92% |
XRP-USD XRP | -37.47% | -11.56% | 237.88% | 81.04% | -59.10% | 278.06% | 13.98% | -45.31% | -84.67% | 38,242.83% |
Correlation
The correlation between FEMKX and XRP-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2017 | 0.19 |
The correlation between FEMKX and XRP-USD shifts across timeframes, from 0.19 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEMKX vs. XRP-USD — Risk / Return Rank
FEMKX
XRP-USD
FEMKX vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets (FEMKX) and XRP (XRP-USD). 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 | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.91 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.67 | +4.13 |
| Martin ratioReturn relative to average drawdown | 12.40 | -1.06 | +13.46 |
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Drawdowns
FEMKX vs. XRP-USD - Drawdown Comparison
The maximum FEMKX drawdown since its inception was -71.14%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for FEMKX and XRP-USD.
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Drawdown Indicators
| FEMKX | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -95.87% | +24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -69.23% | +56.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -69.23% | +50.10% |
Max Drawdown (5Y)Largest decline over 5 years | -40.88% | -77.83% | +36.95% |
Max Drawdown (10Y)Largest decline over 10 years | -43.24% | — | — |
Current DrawdownCurrent decline from peak | -5.05% | -67.62% | +62.57% |
Average DrawdownAverage peak-to-trough decline | -25.93% | -70.99% | +45.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 43.98% | -40.36% |
Volatility
FEMKX vs. XRP-USD - Volatility Comparison
The current volatility for Fidelity Emerging Markets (FEMKX) is 11.94%, while XRP (XRP-USD) has a volatility of 14.05%. This indicates that FEMKX experiences smaller price fluctuations and is considered to be less risky than XRP-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMKX | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 14.05% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 18.90% | 46.30% | -27.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.23% | 56.19% | -34.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 72.34% | -52.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 111.77% | -92.86% |
Frequently Asked Questions
FEMKX and XRP-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (14.05%) compared to FEMKX (11.94%). In terms of maximum drawdown, FEMKX dropped -71.14% vs XRP-USD's -95.87%.
FEMKX currently has the higher Sharpe Ratio (2.12 vs -0.69), 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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