FGOMX vs. BKEM

Last updated Apr 2, 2026

Compare and contrast key facts about Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and BNY Mellon Emerging Markets Equity ETF (BKEM).

FGOMX is managed by Fidelity. It was launched on Oct 29, 2018. BKEM is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020.

Performance

FGOMX vs. BKEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and BNY Mellon Emerging Markets Equity ETF (BKEM). The values are adjusted to include any dividend payments, if applicable.

FGOMX vs. BKEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	5.03%	34.20%	7.88%	12.23%	-22.45%	-0.19%	50.97%
BKEM BNY Mellon Emerging Markets Equity ETF	6.61%	30.55%	7.53%	8.68%	-19.43%	-3.91%	47.53%

Returns By Period

In the year-to-date period, FGOMX achieves a 5.03% return, which is significantly lower than BKEM's 6.61% return.

FGOMX

• 1D: 3.27%
• 1M: -7.83%
• YTD: 5.03%
• 6M: 9.51%
• 1Y: 35.47%
• 3Y*: 17.52%
• 5Y*: 4.67%
• 10Y*: —

BKEM

• 1D: 0.74%
• 1M: -7.07%
• YTD: 6.61%
• 6M: 9.15%
• 1Y: 34.00%
• 3Y*: 16.18%
• 5Y*: 3.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGOMX vs. BKEM - Expense Ratio Comparison

FGOMX has a 0.25% expense ratio, which is higher than BKEM's 0.11% 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%.

FGOMX

Strategic Advisers Fidelity Emerging Markets Fund

BKEM

BNY Mellon Emerging Markets Equity ETF

Return for Risk

FGOMX vs. BKEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGOMX

FGOMX Risk / Return Rank: 92
FGOMX Sharpe Ratio Rank: 94
FGOMX Sortino Ratio Rank: 94
FGOMX Omega Ratio Rank: 91
FGOMX Calmar Ratio Rank: 92
FGOMX Martin Ratio Rank: 92

BKEM

BKEM Risk / Return Rank: 83
BKEM Sharpe Ratio Rank: 83
BKEM Sortino Ratio Rank: 83
BKEM Omega Ratio Rank: 82
BKEM Calmar Ratio Rank: 84
BKEM Martin Ratio Rank: 82

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.

FGOMX vs. BKEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and BNY Mellon Emerging Markets Equity ETF (BKEM). 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.

	FGOMX	BKEM	Difference
Sharpe ratio Return per unit of total volatility	2.15	1.70	+0.45
Sortino ratio Return per unit of downside risk	2.95	2.28	+0.67
Omega ratio Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio Return relative to maximum drawdown	2.80	2.64	+0.16
Martin ratio Return relative to average drawdown	11.09	9.80	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGOMX vs. BKEM - Sharpe Ratio Comparison

The current FGOMX Sharpe Ratio is 2.15, which is comparable to the BKEM Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of FGOMX and BKEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGOMX	BKEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.70	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.21	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.59	-0.11

Correlation

The correlation between FGOMX and BKEM is 0.92, 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

FGOMX vs. BKEM - Dividend Comparison

FGOMX's dividend yield for the trailing twelve months is around 2.06%, more than BKEM's 1.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	2.06%	2.17%	2.40%	2.83%	2.42%	4.63%	0.73%	2.13%
BKEM BNY Mellon Emerging Markets Equity ETF	1.77%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%	0.00%

Drawdowns

FGOMX vs. BKEM - Drawdown Comparison

The maximum FGOMX drawdown since its inception was -40.14%, roughly equal to the maximum BKEM drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for FGOMX and BKEM.

Drawdown Indicators

	FGOMX	BKEM	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-39.48%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-13.11%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-38.04%	-36.65%	-1.39%
Current Drawdown Current decline from peak	-9.91%	-9.29%	-0.62%
Average Drawdown Average peak-to-trough decline	-13.59%	-16.41%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	3.53%	+0.07%

Volatility

FGOMX vs. BKEM - Volatility Comparison

Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and BNY Mellon Emerging Markets Equity ETF (BKEM) have volatilities of 8.85% and 9.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGOMX	BKEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.85%	9.18%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	14.68%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	20.42%	20.08%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	18.31%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	18.87%	+0.29%