FEMSX vs. FEDTX
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FEMSX vs. FEDTX - Performance Comparison
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FEMSX vs. FEDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 6.49% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 5.98% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
Returns By Period
In the year-to-date period, FEMSX achieves a 6.49% return, which is significantly higher than FEDTX's 5.98% return. Over the past 10 years, FEMSX has outperformed FEDTX with an annualized return of 10.99%, while FEDTX has yielded a comparatively lower 9.17% annualized return.
FEMSX
- 1D
- 1.00%
- 1M
- -2.60%
- YTD
- 6.49%
- 6M
- 10.96%
- 1Y
- 40.14%
- 3Y*
- 19.72%
- 5Y*
- 4.56%
- 10Y*
- 10.99%
FEDTX
- 1D
- 1.92%
- 1M
- -6.09%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 36.08%
- 3Y*
- 15.07%
- 5Y*
- 7.26%
- 10Y*
- 9.17%
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FEMSX vs. FEDTX - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
FEMSX vs. FEDTX — Risk / Return Rank
FEMSX
FEDTX
FEMSX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 2.59 | -0.48 |
Sortino ratioReturn per unit of downside risk | 2.72 | 3.22 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.62 | -0.57 |
Martin ratioReturn relative to average drawdown | 11.86 | 13.98 | -2.12 |
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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.59 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.52 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.59 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.02 |
Correlation
The correlation between FEMSX and FEDTX 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. FEDTX - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.30%, less than FEDTX's 4.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.30% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.06% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
FEMSX vs. FEDTX - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, roughly equal to the maximum FEDTX drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for FEMSX and FEDTX.
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Drawdown Indicators
| FEMSX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -43.70% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -9.94% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -27.91% | -13.73% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -43.70% | -0.46% |
Current DrawdownCurrent decline from peak | -9.45% | -7.89% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -9.26% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.58% | +0.87% |
Volatility
FEMSX vs. FEDTX - Volatility Comparison
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a higher volatility of 9.27% compared to Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) at 6.74%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMSX | FEDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 6.74% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 9.87% | +4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 14.41% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 13.98% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 15.65% | +3.48% |