FEML.L vs. TEDMX

Last updated Jun 5, 2026

FEML.L (Fidelity Emerging Markets Ltd) is a stock, while TEDMX (Templeton Developing Markets Trust) is Emerging Markets Diversified fund managed by Franklin Templeton. Over the past 10 years, FEML.L returned 13.48%/yr vs 14.05%/yr for TEDMX. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

FEML.L vs. TEDMX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Emerging Markets Ltd (FEML.L) and Templeton Developing Markets Trust (TEDMX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEML.L is traded in GBp, while TEDMX is traded in USD. To make them comparable, the TEDMX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEML.L achieves a 38.84% return, which is significantly lower than TEDMX's 41.15% return. Both investments have delivered pretty close results over the past 10 years, with FEML.L having a 13.48% annualized return and TEDMX not far ahead at 14.05%.

FEML.L

• 1D: -0.27%
• 1M: 5.71%
• YTD: 38.84%
• 6M: 47.41%
• 1Y: 99.04%
• 3Y*: 38.38%
• 5Y*: 11.76%
• 10Y*: 13.48%

TEDMX

• 1D: -1.96%
• 1M: 9.25%
• YTD: 41.15%
• 6M: 42.44%
• 1Y: 78.47%
• 3Y*: 28.71%
• 5Y*: 11.72%
• 10Y*: 14.05%

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

FEML.L vs. TEDMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEML.L Fidelity Emerging Markets Ltd	38.84%	56.56%	15.43%	4.91%	-25.02%	-6.28%	14.12%	26.96%	-9.86%	21.64%
TEDMX Templeton Developing Markets Trust	41.15%	34.40%	10.03%	6.66%	-12.92%	-4.92%	15.16%	21.58%	-11.24%	28.09%

Correlation

The correlation between FEML.L and TEDMX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	0.53

The correlation between FEML.L and TEDMX has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

Return for Risk

FEML.L vs. TEDMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEML.L

FEML.L Risk / Return Rank: 98
FEML.L Sharpe Ratio Rank: 99
FEML.L Sortino Ratio Rank: 99
FEML.L Omega Ratio Rank: 99
FEML.L Calmar Ratio Rank: 94
FEML.L Martin Ratio Rank: 97

TEDMX

TEDMX Risk / Return Rank: 94
TEDMX Sharpe Ratio Rank: 98
TEDMX Sortino Ratio Rank: 92
TEDMX Omega Ratio Rank: 92
TEDMX Calmar Ratio Rank: 94
TEDMX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEML.L vs. TEDMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Ltd (FEML.L) and Templeton Developing Markets Trust (TEDMX). 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.

	FEML.L	TEDMX	Difference
Sharpe ratio: Return per unit of total volatility	5.45	4.26	+1.19
Sortino ratio: Return per unit of downside risk	6.51	4.95	+1.56
Omega ratio: Gain probability vs. loss probability	1.99	1.81	+0.19
Calmar ratio: Return relative to maximum drawdown	6.61	6.27	+0.34
Martin ratio: Return relative to average drawdown	26.71	23.37	+3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEML.L vs. TEDMX - Sharpe Ratio Comparison

The current FEML.L Sharpe Ratio is 5.45, which is comparable to the TEDMX Sharpe Ratio of 4.26. The chart below compares the historical Sharpe Ratios of FEML.L and TEDMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEML.L	TEDMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.45	4.26	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.68	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.78	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.39	+0.11

Drawdowns

FEML.L vs. TEDMX - Drawdown Comparison

The maximum FEML.L drawdown since its inception was -67.04%, which is greater than TEDMX's maximum drawdown of -51.25%. Use the drawdown chart below to compare losses from any high point for FEML.L and TEDMX.

Drawdown Indicators

	FEML.L	TEDMX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-51.25%	-15.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-12.75%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.98%	-15.50%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-40.00%	-30.09%	-9.91%
Max Drawdown (10Y) Largest decline over 10 years	-40.51%	-33.57%	-6.94%
Current Drawdown Current decline from peak	-1.07%	-2.51%	+1.44%
Average Drawdown Average peak-to-trough decline	-20.70%	-13.31%	-7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	3.41%	+0.30%

Volatility

FEML.L vs. TEDMX - Volatility Comparison

The current volatility for Fidelity Emerging Markets Ltd (FEML.L) is 6.76%, while Templeton Developing Markets Trust (TEDMX) has a volatility of 8.64%. This indicates that FEML.L experiences smaller price fluctuations and is considered to be less risky than TEDMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEML.L	TEDMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	8.64%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	15.58%	16.26%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	18.80%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	17.36%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	18.13%	+0.17%

Dividends

FEML.L vs. TEDMX - Dividend Comparison

FEML.L's dividend yield for the trailing twelve months is around 1.34%, less than TEDMX's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEML.L Fidelity Emerging Markets Ltd	1.34%	1.86%	2.26%	2.48%	2.26%	1.64%	1.45%	1.87%	2.32%	1.47%	0.00%	0.00%
TEDMX Templeton Developing Markets Trust	1.88%	2.64%	3.30%	3.44%	5.25%	6.76%	2.40%	4.54%	1.35%	0.90%	1.20%	1.02%

Frequently Asked Questions

Can I hold both FEML.L and TEDMX in my portfolio?

FEML.L and TEDMX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.