FGKPX vs. EAD
FGKPX (Fidelity SAI Emerging Markets Low Volatility Index Fund) and EAD (Emerging Markets Dividend Fund) are both Emerging Markets Equities funds. Over the past 5 years, FGKPX returned 7.34%/yr vs 2.40%/yr for EAD. Their 0.40 correlation means their historical movements had little consistent relationship. FGKPX charges 0.23%/yr vs 0.04%/yr for EAD.
Performance
FGKPX vs. EAD - Performance Comparison
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Returns By Period
In the year-to-date period, FGKPX achieves a 15.44% return, which is significantly higher than EAD's -0.12% return.
FGKPX
- 1D
- 1.37%
- 1M
- 1.99%
- 6M
- 12.04%
- YTD
- 15.44%
- 1Y
- 17.68%
- 3Y*
- 13.13%
- 5Y*
- 7.34%
- 10Y*
- —
- ALL TIME*
- 7.05%
EAD
- 1D
- 0.16%
- 1M
- -0.87%
- 6M
- -2.20%
- YTD
- -0.12%
- 1Y
- -0.32%
- 3Y*
- 9.99%
- 5Y*
- 2.40%
- 10Y*
- 6.69%
- ALL TIME*
- 6.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.32M | $1.93M | $1.58M | |
| $0.00 | $0.00 | $0.00 |
FGKPX vs. EAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 15.44% | 12.56% | 5.96% | 15.28% | -12.98% | 10.75% | 5.22% | 3.48% |
EAD Emerging Markets Dividend Fund | -0.12% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 17.90% |
Correlation
The correlation between FGKPX and EAD is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.40 |
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Return for Risk
FGKPX vs. EAD — Risk / Return Rank
FGKPX
EAD
FGKPX vs. EAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Emerging Markets Dividend Fund (EAD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FGKPX | EAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | -0.04 | +2.75 |
| Martin ratioReturn relative to average drawdown | 6.94 | -0.13 | +7.07 |
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Drawdowns
FGKPX vs. EAD - Drawdown Comparison
The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum EAD drawdown of -67.37%. Use the drawdown chart below to compare losses from any high point for FGKPX and EAD.
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Drawdown Indicators
| FGKPX | EAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -67.37% | +35.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -8.16% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.67% | -12.65% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -29.44% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.54% | — |
Current DrawdownCurrent decline from peak | -2.06% | -2.82% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -7.12% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.43% | +0.27% |
Volatility
FGKPX vs. EAD - Volatility Comparison
Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) has a higher volatility of 4.49% compared to Emerging Markets Dividend Fund (EAD) at 2.03%. This indicates that FGKPX's price experiences larger fluctuations and is considered to be riskier than EAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGKPX | EAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 2.03% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 7.61% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 8.98% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 13.57% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 16.09% | -3.42% |
FGKPX vs. EAD - Expense Ratio Comparison
FGKPX has a 0.23% expense ratio, which is higher than EAD's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FGKPX vs. EAD - Dividend Comparison
FGKPX's dividend yield for the trailing twelve months is around 6.71%, less than EAD's 10.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | 10.03% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 6.71% | 7.75% | 5.07% | 2.91% | 1.88% | 2.30% | 1.77% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FGKPX and EAD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGKPX has higher volatility (4.49%) compared to EAD (2.03%). In terms of maximum drawdown, FGKPX dropped -32.05% vs EAD's -67.37%.
FGKPX currently has the higher Sharpe Ratio (1.59 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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