FERGX vs. PEPFX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity SAI Emerging Markets Index Fund (FERGX) and PIMCO RAE Emerging Markets Fund (PEPFX).

FERGX is managed by Fidelity. It was launched on Jan 4, 2016. PEPFX is managed by PIMCO. It was launched on Jun 4, 2015.

Performance

FERGX vs. PEPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Emerging Markets Index Fund (FERGX) and PIMCO RAE Emerging Markets Fund (PEPFX). The values are adjusted to include any dividend payments, if applicable.

FERGX vs. PEPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FERGX Fidelity SAI Emerging Markets Index Fund	0.11%	33.86%	6.59%	9.41%	-20.19%	-3.05%	17.46%	18.22%	-14.52%	33.62%
PEPFX PIMCO RAE Emerging Markets Fund	6.55%	20.60%	2.45%	22.46%	-10.50%	15.79%	9.76%	13.56%	-12.62%	26.45%

Returns By Period

In the year-to-date period, FERGX achieves a 0.11% return, which is significantly lower than PEPFX's 6.55% return.

FERGX

• 1D: -0.90%
• 1M: -12.37%
• YTD: 0.11%
• 6M: 4.61%
• 1Y: 28.95%
• 3Y*: 14.47%
• 5Y*: 3.29%
• 10Y*: —

PEPFX

• 1D: 0.08%
• 1M: -8.61%
• YTD: 6.55%
• 6M: 8.38%
• 1Y: 24.77%
• 3Y*: 15.73%
• 5Y*: 8.50%
• 10Y*: 10.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FERGX vs. PEPFX - Expense Ratio Comparison

FERGX has a 0.08% expense ratio, which is lower than PEPFX's 0.85% expense ratio.

PEPFX

PIMCO RAE Emerging Markets Fund

FERGX

Fidelity SAI Emerging Markets Index Fund

Return for Risk

FERGX vs. PEPFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FERGX

FERGX Risk / Return Rank: 82
FERGX Sharpe Ratio Rank: 85
FERGX Sortino Ratio Rank: 84
FERGX Omega Ratio Rank: 81
FERGX Calmar Ratio Rank: 83
FERGX Martin Ratio Rank: 79

PEPFX

PEPFX Risk / Return Rank: 79
PEPFX Sharpe Ratio Rank: 83
PEPFX Sortino Ratio Rank: 79
PEPFX Omega Ratio Rank: 80
PEPFX Calmar Ratio Rank: 76
PEPFX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FERGX vs. PEPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Emerging Markets Index Fund (FERGX) and PIMCO RAE Emerging Markets Fund (PEPFX). 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.

	FERGX	PEPFX	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.58	+0.04
Sortino ratio Return per unit of downside risk	2.15	2.00	+0.16
Omega ratio Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio Return relative to maximum drawdown	2.01	1.77	+0.24
Martin ratio Return relative to average drawdown	7.77	7.22	+0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FERGX vs. PEPFX - Sharpe Ratio Comparison

The current FERGX Sharpe Ratio is 1.62, which is comparable to the PEPFX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FERGX and PEPFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FERGX	PEPFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.58	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.57	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.47	-0.06

Correlation

The correlation between FERGX and PEPFX is 0.86, 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

FERGX vs. PEPFX - Dividend Comparison

FERGX's dividend yield for the trailing twelve months is around 2.67%, less than PEPFX's 2.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FERGX Fidelity SAI Emerging Markets Index Fund	2.67%	2.67%	2.40%	2.67%	2.51%	2.90%	1.49%	2.49%	2.58%	0.58%	0.00%	0.00%
PEPFX PIMCO RAE Emerging Markets Fund	2.73%	2.91%	1.99%	4.05%	11.30%	9.12%	9.73%	2.21%	11.05%	8.06%	2.74%	2.46%

Drawdowns

FERGX vs. PEPFX - Drawdown Comparison

The maximum FERGX drawdown since its inception was -39.27%, smaller than the maximum PEPFX drawdown of -46.88%. Use the drawdown chart below to compare losses from any high point for FERGX and PEPFX.

Drawdown Indicators

	FERGX	PEPFX	Difference
Max Drawdown Largest peak-to-trough decline	-39.27%	-46.88%	+7.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.32%	-12.12%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-37.18%	-28.31%	-8.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.88%	—
Current Drawdown Current decline from peak	-13.32%	-9.41%	-3.91%
Average Drawdown Average peak-to-trough decline	-14.56%	-11.24%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	3.20%	+0.25%

Volatility

FERGX vs. PEPFX - Volatility Comparison

Fidelity SAI Emerging Markets Index Fund (FERGX) has a higher volatility of 8.90% compared to PIMCO RAE Emerging Markets Fund (PEPFX) at 5.62%. This indicates that FERGX's price experiences larger fluctuations and is considered to be riskier than PEPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FERGX	PEPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.90%	5.62%	+3.28%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	11.24%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	15.57%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	14.90%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	17.39%	+0.43%