FEMSX vs. SPEM
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and SPDR Portfolio Emerging Markets ETF (SPEM).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMSX or SPEM.
Key characteristics
| FEMSX | SPEM | |
|---|---|---|
| YTD Return | 10.62% | 15.08% |
| 1Y Return | 18.97% | 22.76% |
| 3Y Return (Ann) | -3.37% | 0.11% |
| 5Y Return (Ann) | 4.28% | 5.41% |
| 10Y Return (Ann) | 5.57% | 4.41% |
| Sharpe Ratio | 1.23 | 1.59 |
| Sortino Ratio | 1.80 | 2.27 |
| Omega Ratio | 1.22 | 1.29 |
| Calmar Ratio | 0.59 | 1.02 |
| Martin Ratio | 5.87 | 8.93 |
| Ulcer Index | 3.23% | 2.64% |
| Daily Std Dev | 15.43% | 14.78% |
| Max Drawdown | -44.16% | -64.41% |
| Current Drawdown | -19.55% | -5.96% |
Correlation
The correlation between FEMSX and SPEM is 0.92, 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.
Performance
FEMSX vs. SPEM - Performance Comparison
In the year-to-date period, FEMSX achieves a 10.62% return, which is significantly lower than SPEM's 15.08% return. Over the past 10 years, FEMSX has outperformed SPEM with an annualized return of 5.57%, while SPEM has yielded a comparatively lower 4.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEMSX vs. SPEM - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than SPEM's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FEMSX vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and SPDR Portfolio Emerging Markets ETF (SPEM). 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.
Dividends
FEMSX vs. SPEM - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.55%, more than SPEM's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.55% | 2.82% | 2.39% | 3.26% | 1.33% | 2.41% | 2.47% | 1.81% | 1.24% | 1.27% | 0.83% | 1.97% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.48% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
Drawdowns
FEMSX vs. SPEM - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for FEMSX and SPEM. For additional features, visit the drawdowns tool.
Volatility
FEMSX vs. SPEM - Volatility Comparison
Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a higher volatility of 5.26% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 4.72%. This indicates that FEMSX's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.