FEMSX vs. ODVIX
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Invesco Developing Markets Fund Class R6 (ODVIX).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. ODVIX is managed by Invesco. It was launched on Dec 29, 2011.
Performance
FEMSX vs. ODVIX - Performance Comparison
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FEMSX vs. ODVIX - 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% |
ODVIX Invesco Developing Markets Fund Class R6 | 3.09% | 28.84% | -0.98% | 11.55% | -24.85% | -7.17% | 17.66% | 24.58% | -11.78% | 35.33% |
Returns By Period
In the year-to-date period, FEMSX achieves a 5.44% return, which is significantly higher than ODVIX's 3.09% return. Over the past 10 years, FEMSX has outperformed ODVIX with an annualized return of 10.88%, while ODVIX has yielded a comparatively lower 6.48% 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%
ODVIX
- 1D
- 3.00%
- 1M
- -8.11%
- YTD
- 3.09%
- 6M
- 7.50%
- 1Y
- 29.09%
- 3Y*
- 9.63%
- 5Y*
- -0.06%
- 10Y*
- 6.48%
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FEMSX vs. ODVIX - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than ODVIX's 0.88% expense ratio.
Return for Risk
FEMSX vs. ODVIX — Risk / Return Rank
FEMSX
ODVIX
FEMSX vs. ODVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Invesco Developing Markets Fund Class R6 (ODVIX). 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 | ODVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.71 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.25 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.22 | +0.67 |
Martin ratioReturn relative to average drawdown | 11.41 | 8.70 | +2.71 |
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 | ODVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.71 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.00 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.37 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.32 | +0.18 |
Correlation
The correlation between FEMSX and ODVIX is 0.93, 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. ODVIX - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.32%, less than ODVIX's 42.34% 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% |
ODVIX Invesco Developing Markets Fund Class R6 | 42.34% | 43.65% | 0.42% | 0.95% | 1.18% | 5.56% | 0.35% | 2.61% | 0.80% | 0.73% | 0.72% | 0.99% |
Drawdowns
FEMSX vs. ODVIX - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, roughly equal to the maximum ODVIX drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for FEMSX and ODVIX.
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Drawdown Indicators
| FEMSX | ODVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -45.88% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -12.05% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -45.17% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -45.88% | +1.72% |
Current DrawdownCurrent decline from peak | -10.35% | -9.42% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -14.72% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.08% | +0.32% |
Volatility
FEMSX vs. ODVIX - Volatility Comparison
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a higher volatility of 10.41% compared to Invesco Developing Markets Fund Class R6 (ODVIX) at 8.44%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than ODVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMSX | ODVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 8.44% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 12.90% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 17.51% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 17.60% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 17.75% | +1.38% |