FGKPX vs. FEDIX
Compare and contrast key facts about Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX).
FGKPX is managed by Fidelity. It was launched on Jan 30, 2019. FEDIX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FGKPX vs. FEDIX - Performance Comparison
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FGKPX vs. FEDIX - 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% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.11% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 12.14% |
Returns By Period
In the year-to-date period, FGKPX achieves a -1.04% return, which is significantly lower than FEDIX's 4.11% return.
FGKPX
- 1D
- -0.52%
- 1M
- -5.86%
- YTD
- -1.04%
- 6M
- 0.80%
- 1Y
- 11.99%
- 3Y*
- 9.63%
- 5Y*
- 4.79%
- 10Y*
- —
FEDIX
- 1D
- -0.79%
- 1M
- -9.21%
- YTD
- 4.11%
- 6M
- 10.25%
- 1Y
- 35.20%
- 3Y*
- 14.92%
- 5Y*
- 7.71%
- 10Y*
- 9.53%
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FGKPX vs. FEDIX - Expense Ratio Comparison
FGKPX has a 0.23% expense ratio, which is lower than FEDIX's 1.19% expense ratio.
Return for Risk
FGKPX vs. FEDIX — Risk / Return Rank
FGKPX
FEDIX
FGKPX vs. FEDIX - 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 I (FEDIX). 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 | FEDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 2.39 | -1.19 |
Sortino ratioReturn per unit of downside risk | 1.67 | 3.00 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.46 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.17 | -1.81 |
Martin ratioReturn relative to average drawdown | 4.89 | 12.58 | -7.70 |
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 | FEDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.39 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.55 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.51 | -0.10 |
Correlation
The correlation between FGKPX and FEDIX 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. FEDIX - Dividend Comparison
FGKPX's dividend yield for the trailing twelve months is around 7.83%, more than FEDIX's 4.51% 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% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.51% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
Drawdowns
FGKPX vs. FEDIX - Drawdown Comparison
The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum FEDIX drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for FGKPX and FEDIX.
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Drawdown Indicators
| FGKPX | FEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -42.98% | +10.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -9.98% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -27.42% | +6.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.98% | — |
Current DrawdownCurrent decline from peak | -6.93% | -9.58% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -8.86% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.51% | -0.32% |
Volatility
FGKPX vs. FEDIX - 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 I (FEDIX) has a volatility of 6.44%. This indicates that FGKPX experiences smaller price fluctuations and is considered to be less risky than FEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGKPX | FEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 6.44% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 9.71% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 14.33% | -4.47% |
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% | 15.65% | -3.19% |