FHKFX vs. COBYX
FHKFX (Fidelity Series Emerging Markets Fund) and COBYX (The Cook & Bynum Fund) are both Emerging Markets Equities funds. Over the past 5 years, FHKFX returned 7.54%/yr vs 9.02%/yr for COBYX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. FHKFX charges 0.01%/yr vs 1.49%/yr for COBYX.
Performance
FHKFX vs. COBYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FHKFX achieves a 20.27% return, which is significantly higher than COBYX's 11.82% return.
FHKFX
- 1D
- 4.05%
- 1M
- -3.49%
- 6M
- 8.95%
- YTD
- 20.27%
- 1Y
- 41.07%
- 3Y*
- 20.31%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 6.80%
COBYX
- 1D
- 0.46%
- 1M
- 0.41%
- 6M
- 8.19%
- YTD
- 11.82%
- 1Y
- 20.62%
- 3Y*
- 7.48%
- 5Y*
- 9.02%
- 10Y*
- 4.78%
- ALL TIME*
- 4.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHKFX vs. COBYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 20.27% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
COBYX The Cook & Bynum Fund | 11.82% | 20.50% | -10.32% | 16.73% | 9.28% | 9.05% | -10.97% | 9.40% | -10.67% |
Correlation
The correlation between FHKFX and COBYX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018 | 0.50 |
Over the past year, the correlation between FHKFX and COBYX has dropped to 0.26 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHKFX vs. COBYX — Risk / Return Rank
FHKFX
COBYX
FHKFX vs. COBYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) and The Cook & Bynum Fund (COBYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHKFX | COBYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.17 | +0.50 |
| Martin ratioReturn relative to average drawdown | 8.71 | 7.33 | +1.38 |
Loading charts...
Drawdowns
FHKFX vs. COBYX - Drawdown Comparison
The maximum FHKFX drawdown since its inception was -45.47%, which is greater than COBYX's maximum drawdown of -34.18%. Use the drawdown chart below to compare losses from any high point for FHKFX and COBYX.
Loading charts...
Drawdown Indicators
| FHKFX | COBYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -34.18% | -11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -8.95% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -16.29% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -39.01% | -17.10% | -21.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.18% | — |
Current DrawdownCurrent decline from peak | -11.03% | -0.15% | -10.88% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -6.74% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.68% | +1.75% |
Volatility
FHKFX vs. COBYX - Volatility Comparison
Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 9.54% compared to The Cook & Bynum Fund (COBYX) at 3.16%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than COBYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FHKFX | COBYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 3.16% | +6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.41% | 9.77% | +11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.69% | 11.82% | +11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.95% | 13.96% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 13.67% | +6.51% |
FHKFX vs. COBYX - Expense Ratio Comparison
FHKFX has a 0.01% expense ratio, which is lower than COBYX's 1.49% expense ratio.
Dividends
FHKFX vs. COBYX - Dividend Comparison
FHKFX's dividend yield for the trailing twelve months is around 1.98%, more than COBYX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COBYX The Cook & Bynum Fund | 1.05% | 1.18% | 0.00% | 1.01% | 1.16% | 2.18% | 0.32% | 0.69% | 12.60% | 1.88% | 5.09% |
FHKFX Fidelity Series Emerging Markets Fund | 1.98% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% |
Frequently Asked Questions
FHKFX and COBYX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHKFX has higher volatility (9.54%) compared to COBYX (3.16%). In terms of maximum drawdown, FHKFX dropped -45.47% vs COBYX's -34.18%.
COBYX currently has the higher Sharpe Ratio (1.64 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FHKFX and COBYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer