FEMSX vs. FEDGX
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. FEDGX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FEMSX vs. FEDGX - Performance Comparison
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FEMSX vs. FEDGX - 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% |
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 5.82% | 30.50% | -4.59% | 19.45% | -12.76% | 5.51% | 15.73% | 18.27% | -19.70% | 35.93% |
Returns By Period
In the year-to-date period, FEMSX achieves a 5.44% return, which is significantly lower than FEDGX's 5.82% return. Over the past 10 years, FEMSX has outperformed FEDGX with an annualized return of 10.88%, while FEDGX has yielded a comparatively lower 8.65% 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%
FEDGX
- 1D
- 1.87%
- 1M
- -6.17%
- YTD
- 5.82%
- 6M
- 11.14%
- 1Y
- 35.35%
- 3Y*
- 14.48%
- 5Y*
- 6.72%
- 10Y*
- 8.65%
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FEMSX vs. FEDGX - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than FEDGX's 2.25% expense ratio.
Return for Risk
FEMSX vs. FEDGX — Risk / Return Rank
FEMSX
FEDGX
FEMSX vs. FEDGX - 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 C (FEDGX). 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 | FEDGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 2.53 | -0.45 |
Sortino ratioReturn per unit of downside risk | 2.68 | 3.15 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.48 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.54 | -0.64 |
Martin ratioReturn relative to average drawdown | 11.41 | 13.63 | -2.22 |
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 | FEDGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.53 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.48 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.55 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.05 |
Correlation
The correlation between FEMSX and FEDGX 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. FEDGX - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.32%, less than FEDGX's 3.60% 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% |
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 3.60% | 3.81% | 3.01% | 1.09% | 0.57% | 10.88% | 0.00% | 0.00% | 0.49% | 1.54% | 0.58% | 0.00% |
Drawdowns
FEMSX vs. FEDGX - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, roughly equal to the maximum FEDGX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FEMSX and FEDGX.
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Drawdown Indicators
| FEMSX | FEDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -44.26% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -9.97% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -28.29% | -13.35% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -44.26% | +0.10% |
Current DrawdownCurrent decline from peak | -10.35% | -7.97% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -9.62% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.59% | +0.81% |
Volatility
FEMSX vs. FEDGX - 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 C (FEDGX) at 6.74%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than FEDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMSX | FEDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 6.74% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 9.91% | +4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 14.46% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 14.00% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 15.65% | +3.48% |