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FGKPX vs. EDIV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FGKPX vs. EDIV

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and SPDR S&P Emerging Markets Dividend ETF (EDIV).

FGKPX is managed by Fidelity. It was launched on Jan 30, 2019. EDIV is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Dividend Opportunities Index. It was launched on Feb 23, 2011.

Performance

FGKPX vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

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FGKPX vs. EDIV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FGKPX
Fidelity SAI Emerging Markets Low Volatility Index Fund		0.61%12.56%5.96%15.28%-12.98%10.75%5.22%3.48%
EDIV
SPDR S&P Emerging Markets Dividend ETF		1.86%16.45%12.75%41.91%-15.31%11.21%-9.95%4.26%

Returns By Period

In the year-to-date period, FGKPX achieves a 0.61% return, which is significantly lower than EDIV's 1.86% return.

FGKPX

1D
1.67%
1M
-2.77%
YTD
0.61%
6M
2.22%
1Y
13.45%
3Y*
10.23%
5Y*
5.04%
10Y*
—

EDIV

1D
0.20%
1M
-5.30%
YTD
1.86%
6M
3.56%
1Y
15.65%
3Y*
20.17%
5Y*
10.65%
10Y*
8.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity SAI Emerging Markets Low Volatility Index Fund

SPDR S&P Emerging Markets Dividend ETF

Often compared with FGKPX:
FGKPX vs. FHKFXFGKPX vs. VOOFGKPX vs. FPADXFGKPX vs. VMMSXFGKPX vs. DEMFGKPX vs. DFCEXFGKPX vs. JEMWX
Often compared with EDIV:
EDIV vs. VWOEDIV vs. EEMSEDIV vs. VOOEDIV vs. EYLDEDIV vs. EEMEDIV vs. XCEMEDIV vs. FEMS

FGKPX vs. EDIV - Expense Ratio Comparison

FGKPX has a 0.23% expense ratio, which is lower than EDIV's 0.49% expense ratio.

EDIV
SPDR S&P Emerging Markets Dividend ETF
FGKPX
Fidelity SAI Emerging Markets Low Volatility Index Fund

Return for Risk

FGKPX vs. EDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FGKPX
FGKPX Risk / Return Rank: 6868
Overall Rank
FGKPX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FGKPX Sortino Ratio Rank: 7474
Sortino Ratio Rank
FGKPX Omega Ratio Rank: 6969
Omega Ratio Rank
FGKPX Calmar Ratio Rank: 6868
Calmar Ratio Rank
FGKPX Martin Ratio Rank: 5454
Martin Ratio Rank
EDIV
EDIV Risk / Return Rank: 6060
Overall Rank
EDIV Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
EDIV Sortino Ratio Rank: 6161
Sortino Ratio Rank
EDIV Omega Ratio Rank: 6161
Omega Ratio Rank
EDIV Calmar Ratio Rank: 5959
Calmar Ratio Rank
EDIV Martin Ratio Rank: 5656
Martin Ratio Rank
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.

FGKPX vs. EDIV - 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 SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

FGKPXEDIVDifference

Sharpe ratio

Return per unit of total volatility

1.40

1.14

+0.26

Sortino ratio

Return per unit of downside risk

1.93

1.61

+0.32

Omega ratio

Gain probability vs. loss probability

1.27

1.23

+0.04

Calmar ratio

Return relative to maximum drawdown

1.68

1.57

+0.11

Martin ratio

Return relative to average drawdown

5.61

5.68

-0.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGKPX vs. EDIV - Sharpe Ratio Comparison

The current FGKPX Sharpe Ratio is 1.40, which is comparable to the EDIV Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FGKPX and EDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FGKPXEDIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.40

1.14

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.77

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.15

+0.28

Correlation

The correlation between FGKPX and EDIV is 0.78, 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

FGKPX vs. EDIV - Dividend Comparison

FGKPX's dividend yield for the trailing twelve months is around 7.70%, more than EDIV's 4.70% yield.

TTM20252024202320222021202020192018201720162015
FGKPX
Fidelity SAI Emerging Markets Low Volatility Index Fund		7.70%7.75%5.07%2.91%1.88%2.30%1.77%1.88%0.00%0.00%0.00%0.00%
EDIV
SPDR S&P Emerging Markets Dividend ETF		4.70%4.69%3.94%4.26%4.94%3.84%3.52%3.83%3.41%2.99%4.94%5.33%

Drawdowns

FGKPX vs. EDIV - Drawdown Comparison

The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for FGKPX and EDIV.

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Drawdown Indicators

FGKPXEDIVDifference

Max Drawdown

Largest peak-to-trough decline

-32.05%

-53.36%

+21.31%

Max Drawdown (1Y)

Largest decline over 1 year

-7.14%

-10.36%

+3.22%

Max Drawdown (5Y)

Largest decline over 5 years

-20.69%

-28.32%

+7.63%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.76%

—

Current Drawdown

Current decline from peak

-5.38%

-8.17%

+2.79%

Average Drawdown

Average peak-to-trough decline

-5.41%

-19.53%

+14.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

2.87%

-0.73%

Volatility

FGKPX vs. EDIV - Volatility Comparison

The current volatility for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) is 4.76%, while SPDR S&P Emerging Markets Dividend ETF (EDIV) has a volatility of 5.79%. This indicates that FGKPX experiences smaller price fluctuations and is considered to be less risky than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FGKPXEDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.76%

5.79%

-1.03%

Volatility (6M)

Calculated over the trailing 6-month period

6.59%

9.12%

-2.53%

Volatility (1Y)

Calculated over the trailing 1-year period

9.98%

13.76%

-3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.08%

13.81%

-3.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.47%

17.58%

-5.11%