FGOMX vs. EEM
Compare and contrast key facts about Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and iShares MSCI Emerging Markets ETF (EEM).
FGOMX is managed by Fidelity. It was launched on Oct 29, 2018. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Performance
FGOMX vs. EEM - Performance Comparison
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FGOMX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGOMX Strategic Advisers Fidelity Emerging Markets Fund | 5.03% | 34.20% | 7.88% | 12.23% | -22.45% | -0.19% | 22.10% | 22.25% | -4.83% |
EEM iShares MSCI Emerging Markets ETF | 4.61% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -3.14% |
Returns By Period
In the year-to-date period, FGOMX achieves a 5.03% return, which is significantly higher than EEM's 4.61% return.
FGOMX
- 1D
- 3.27%
- 1M
- -7.83%
- YTD
- 5.03%
- 6M
- 9.51%
- 1Y
- 35.47%
- 3Y*
- 17.52%
- 5Y*
- 4.67%
- 10Y*
- —
EEM
- 1D
- 0.77%
- 1M
- -6.94%
- YTD
- 4.61%
- 6M
- 7.86%
- 1Y
- 33.69%
- 3Y*
- 16.02%
- 5Y*
- 3.61%
- 10Y*
- 7.66%
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FGOMX vs. EEM - Expense Ratio Comparison
FGOMX has a 0.25% expense ratio, which is lower than EEM's 0.72% expense ratio.
Return for Risk
FGOMX vs. EEM — Risk / Return Rank
FGOMX
EEM
FGOMX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) and iShares MSCI Emerging Markets ETF (EEM). 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 | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 1.67 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.95 | 2.26 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.33 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.52 | +0.27 |
Martin ratioReturn relative to average drawdown | 11.09 | 9.62 | +1.47 |
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
| FGOMX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.67 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.20 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.35 | +0.13 |
Correlation
The correlation between FGOMX and EEM is 0.93, 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. EEM - Dividend Comparison
FGOMX's dividend yield for the trailing twelve months is around 2.06%, less than EEM's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOMX Strategic Advisers Fidelity Emerging Markets Fund | 2.06% | 2.17% | 2.40% | 2.83% | 2.42% | 4.63% | 0.73% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 2.12% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
FGOMX vs. EEM - Drawdown Comparison
The maximum FGOMX drawdown since its inception was -40.14%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for FGOMX and EEM.
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Drawdown Indicators
| FGOMX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -66.43% | +26.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -13.52% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -38.04% | -37.82% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.82% | — |
Current DrawdownCurrent decline from peak | -9.91% | -9.60% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -13.59% | -16.12% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.55% | +0.05% |
Volatility
FGOMX vs. EEM - Volatility Comparison
The current volatility for Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) is 8.85%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 9.51%. This indicates that FGOMX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOMX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 9.51% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 15.13% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 20.24% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 18.43% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 20.32% | -1.16% |