FEMSX vs. FEDIX
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. FEDIX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FEMSX vs. FEDIX - Performance Comparison
Loading graphics...
FEMSX vs. FEDIX - 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% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 6.08% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 19.64% | -18.89% | 36.50% |
Returns By Period
In the year-to-date period, FEMSX achieves a 5.44% return, which is significantly lower than FEDIX's 6.08% return. Over the past 10 years, FEMSX has outperformed FEDIX with an annualized return of 10.88%, while FEDIX has yielded a comparatively lower 9.73% 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%
FEDIX
- 1D
- 1.90%
- 1M
- -6.08%
- YTD
- 6.08%
- 6M
- 11.75%
- 1Y
- 36.71%
- 3Y*
- 15.64%
- 5Y*
- 7.83%
- 10Y*
- 9.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FEMSX vs. FEDIX - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than FEDIX's 1.19% expense ratio.
Return for Risk
FEMSX vs. FEDIX — Risk / Return Rank
FEMSX
FEDIX
FEMSX vs. FEDIX - 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 I (FEDIX). 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 | FEDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 2.64 | -0.56 |
Sortino ratioReturn per unit of downside risk | 2.68 | 3.28 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.50 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.67 | -0.78 |
Martin ratioReturn relative to average drawdown | 11.41 | 14.30 | -2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FEMSX | FEDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.64 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.56 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.52 | -0.02 |
Correlation
The correlation between FEMSX and FEDIX 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. FEDIX - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.32%, less than FEDIX's 4.43% 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% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.43% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
Drawdowns
FEMSX vs. FEDIX - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, roughly equal to the maximum FEDIX drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for FEMSX and FEDIX.
Loading graphics...
Drawdown Indicators
| FEMSX | FEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -42.98% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -9.98% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -27.42% | -14.22% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -42.98% | -1.18% |
Current DrawdownCurrent decline from peak | -10.35% | -7.86% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -8.86% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.56% | +0.84% |
Volatility
FEMSX vs. FEDIX - 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 I (FEDIX) at 6.74%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than FEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FEMSX | FEDIX | 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% | 9.87% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 14.41% | +4.75% |
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% | 15.66% | +3.47% |