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FGKPX vs. FPADX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FGKPX vs. FPADX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Fidelity Emerging Markets Index Fund (FPADX).

FGKPX is managed by Fidelity. It was launched on Jan 30, 2019. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.

Performance

FGKPX vs. FPADX - 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 Fidelity Emerging Markets Index Fund (FPADX). The values are adjusted to include any dividend payments, if applicable.

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FGKPX vs. FPADX - 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%
FPADX
Fidelity Emerging Markets Index Fund		3.44%33.90%6.80%9.51%-20.06%-3.07%17.84%9.55%

Returns By Period

In the year-to-date period, FGKPX achieves a 0.61% return, which is significantly lower than FPADX's 3.44% return.

FGKPX

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

FPADX

1D
3.21%
1M
-8.18%
YTD
3.44%
6M
7.16%
1Y
32.67%
3Y*
15.83%
5Y*
3.78%
10Y*
7.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity SAI Emerging Markets Low Volatility Index Fund

Fidelity Emerging Markets Index Fund

Often compared with FGKPX:
FGKPX vs. FHKFXFGKPX vs. VOOFGKPX vs. VMMSXFGKPX vs. EDIVFGKPX vs. DEMFGKPX vs. DFCEXFGKPX vs. JEMWX
Often compared with FPADX:
FPADX vs. FSPSXFPADX vs. VWOFPADX vs. VEMAXFPADX vs. FZILXFPADX vs. FSGGXFPADX vs. FXAIXFPADX vs. FEM

FGKPX vs. FPADX - Expense Ratio Comparison

FGKPX has a 0.23% expense ratio, which is higher than FPADX's 0.08% 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%.

FGKPX
Fidelity SAI Emerging Markets Low Volatility Index Fund
FPADX
Fidelity Emerging Markets Index Fund

Return for Risk

FGKPX vs. FPADX — 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
FPADX
FPADX Risk / Return Rank: 8888
Overall Rank
FPADX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FPADX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FPADX Omega Ratio Rank: 8686
Omega Ratio Rank
FPADX Calmar Ratio Rank: 8989
Calmar Ratio Rank
FPADX Martin Ratio Rank: 8989
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. FPADX - 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 Emerging Markets Index Fund (FPADX). 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.

FGKPXFPADXDifference

Sharpe ratio

Return per unit of total volatility

1.40

1.88

-0.47

Sortino ratio

Return per unit of downside risk

1.93

2.47

-0.54

Omega ratio

Gain probability vs. loss probability

1.27

1.36

-0.09

Calmar ratio

Return relative to maximum drawdown

1.68

2.47

-0.78

Martin ratio

Return relative to average drawdown

5.61

9.85

-4.24

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. FPADX - Sharpe Ratio Comparison

The current FGKPX Sharpe Ratio is 1.40, which is comparable to the FPADX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FGKPX and FPADX, 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

FGKPXFPADXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.40

1.88

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.23

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.45

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.28

+0.15

Correlation

The correlation between FGKPX and FPADX is 0.88, 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. FPADX - Dividend Comparison

FGKPX's dividend yield for the trailing twelve months is around 7.70%, more than FPADX's 2.28% 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%
FPADX
Fidelity Emerging Markets Index Fund		2.28%2.35%2.70%2.68%2.47%2.14%1.50%2.59%2.20%0.12%1.69%2.47%

Drawdowns

FGKPX vs. FPADX - Drawdown Comparison

The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FGKPX and FPADX.

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Drawdown Indicators

FGKPXFPADXDifference

Max Drawdown

Largest peak-to-trough decline

-32.05%

-39.16%

+7.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.14%

-13.28%

+6.14%

Max Drawdown (5Y)

Largest decline over 5 years

-20.69%

-37.04%

+16.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.16%

—

Current Drawdown

Current decline from peak

-5.38%

-10.50%

+5.12%

Average Drawdown

Average peak-to-trough decline

-5.41%

-13.39%

+7.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

3.33%

-1.19%

Volatility

FGKPX vs. FPADX - Volatility Comparison

The current volatility for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) is 4.76%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 9.56%. This indicates that FGKPX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FGKPXFPADXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.76%

9.56%

-4.80%

Volatility (6M)

Calculated over the trailing 6-month period

6.59%

13.61%

-7.02%

Volatility (1Y)

Calculated over the trailing 1-year period

9.98%

17.83%

-7.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.08%

16.70%

-6.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.47%

17.63%

-5.16%