FEMSX vs. FEDAX
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FEMSX vs. FEDAX - Performance Comparison
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FEMSX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 5.44% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, FEMSX achieves a 5.44% return, which is significantly higher than FEDAX's 4.10% return. Over the past 10 years, FEMSX has outperformed FEDAX with an annualized return of 10.88%, while FEDAX has yielded a comparatively lower 9.23% annualized return.
FEMSX
- 1D
- 3.55%
- 1M
- -8.32%
- YTD
- 5.44%
- 6M
- 10.54%
- 1Y
- 38.82%
- 3Y*
- 19.32%
- 5Y*
- 4.35%
- 10Y*
- 10.88%
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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FEMSX vs. FEDAX - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
FEMSX vs. FEDAX — Risk / Return Rank
FEMSX
FEDAX
FEMSX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| FEMSX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 2.36 | -0.28 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.95 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.15 | -0.26 |
Martin ratioReturn relative to average drawdown | 11.41 | 12.43 | -1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEMSX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.36 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.53 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.01 |
Correlation
The correlation between FEMSX and FEDAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FEMSX vs. FEDAX - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.32%, less than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.32% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
FEMSX vs. FEDAX - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, roughly equal to the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for FEMSX and FEDAX.
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Drawdown Indicators
| FEMSX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -43.35% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -9.95% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -27.68% | -13.96% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -43.35% | -0.81% |
Current DrawdownCurrent decline from peak | -10.35% | -9.58% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -9.06% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.52% | +0.88% |
Volatility
FEMSX vs. FEDAX - Volatility Comparison
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a higher volatility of 10.41% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMSX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 6.48% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 9.76% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 14.38% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 13.98% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 15.67% | +3.46% |