FGKPX vs. FEDAX
Compare and contrast key facts about Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
FGKPX is managed by Fidelity. It was launched on Jan 30, 2019. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FGKPX vs. FEDAX - Performance Comparison
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FGKPX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | -1.04% | 12.56% | 5.96% | 15.28% | -12.98% | 10.75% | 5.22% | 3.48% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 11.78% |
Returns By Period
In the year-to-date period, FGKPX achieves a -1.04% return, which is significantly lower than FEDAX's 4.10% return.
FGKPX
- 1D
- -0.52%
- 1M
- -5.86%
- YTD
- -1.04%
- 6M
- 0.80%
- 1Y
- 11.99%
- 3Y*
- 9.63%
- 5Y*
- 4.79%
- 10Y*
- —
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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FGKPX vs. FEDAX - Expense Ratio Comparison
FGKPX has a 0.23% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
FGKPX vs. FEDAX — Risk / Return Rank
FGKPX
FEDAX
FGKPX vs. FEDAX - 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 Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| FGKPX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 2.36 | -1.15 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.95 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.45 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.15 | -1.79 |
Martin ratioReturn relative to average drawdown | 4.89 | 12.43 | -7.54 |
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
| FGKPX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.36 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.53 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.49 | -0.08 |
Correlation
The correlation between FGKPX and FEDAX is 0.84, 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. FEDAX - Dividend Comparison
FGKPX's dividend yield for the trailing twelve months is around 7.83%, more than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 7.83% | 7.75% | 5.07% | 2.91% | 1.88% | 2.30% | 1.77% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
FGKPX vs. FEDAX - Drawdown Comparison
The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for FGKPX and FEDAX.
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Drawdown Indicators
| FGKPX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -43.35% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -9.95% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -27.68% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.35% | — |
Current DrawdownCurrent decline from peak | -6.93% | -9.58% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -9.06% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.52% | -0.33% |
Volatility
FGKPX vs. FEDAX - Volatility Comparison
The current volatility for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) is 4.58%, while Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) has a volatility of 6.48%. This indicates that FGKPX experiences smaller price fluctuations and is considered to be less risky than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGKPX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 6.48% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 9.76% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 14.38% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.05% | 13.98% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.46% | 15.67% | -3.21% |