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FHKFX vs. EAD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FHKFX vs. EAD

Last updated Jul 15, 2026
Documentation

FHKFX (Fidelity Series Emerging Markets Fund) and EAD (Emerging Markets Dividend Fund) are both Emerging Markets Equities funds. Over the past 5 years, FHKFX returned 6.74%/yr vs 3.33%/yr for EAD. At a 0.40 correlation, their price movements are largely independent. FHKFX charges 0.01%/yr vs 0.04%/yr for EAD.

Performance

FHKFX vs. EAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Emerging Markets Fund (FHKFX) and Emerging Markets Dividend Fund (EAD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FHKFX achieves a 22.66% return, which is significantly higher than EAD's 0.35% return.

FHKFX

1D
-3.42%
1M
-5.26%
6M
15.76%
YTD
22.66%
1Y
44.29%
3Y*
21.94%
5Y*
6.74%
10Y*
—

EAD

1D
0.47%
1M
0.99%
6M
-0.73%
YTD
0.35%
1Y
-0.13%
3Y*
9.88%
5Y*
3.33%
10Y*
6.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FHKFX vs. EAD - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FHKFX
Fidelity Series Emerging Markets Fund		22.66%38.51%5.42%12.10%-24.50%-4.15%17.85%9.64%-8.52%
EAD
Emerging Markets Dividend Fund		0.35%8.05%15.86%11.94%-23.08%21.62%6.35%27.22%-7.32%

Correlation

The correlation between FHKFX and EAD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Aug 29, 2018

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Series Emerging Markets Fund

Emerging Markets Dividend Fund

Often compared with FHKFX:
FHKFX vs. FGKPXFHKFX vs. VEMAXFHKFX vs. FHKTXFHKFX vs. VOOFHKFX vs. DEMAXFHKFX vs. JEMWXFHKFX vs. PEAFX
Often compared with EAD:
EAD vs. ERCEAD vs. KFEAD vs. IFNEAD vs. CNWIXEAD vs. FGKPXEAD vs. FEDIXEAD vs. SIVLX

Return for Risk

FHKFX vs. EAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHKFX
FHKFX Risk / Return Rank: 7777
Overall Rank
FHKFX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
FHKFX Sortino Ratio Rank: 6363
Sortino Ratio Rank
FHKFX Omega Ratio Rank: 7575
Omega Ratio Rank
FHKFX Calmar Ratio Rank: 8989
Calmar Ratio Rank
FHKFX Martin Ratio Rank: 8383
Martin Ratio Rank
EAD
EAD Risk / Return Rank: 33
Overall Rank
EAD Sharpe Ratio Rank: 33
Sharpe Ratio Rank
EAD Sortino Ratio Rank: 33
Sortino Ratio Rank
EAD Omega Ratio Rank: 33
Omega Ratio Rank
EAD Calmar Ratio Rank: 33
Calmar Ratio Rank
EAD Martin Ratio Rank: 33
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.

FHKFX vs. EAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) and Emerging Markets Dividend Fund (EAD). 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.

FHKFXEADDifference
Sharpe ratioReturn per unit of total volatility
1.97
-0.01

+1.98

Sortino ratioReturn per unit of downside risk
2.47
0.05

+2.43

Omega ratioGain probability vs. loss probability

1.36

1.01

+0.36

Calmar ratioReturn relative to maximum drawdown

3.55

-0.02

+3.57

Martin ratioReturn relative to average drawdown

11.71

-0.06

+11.77

FHKFX vs. EAD - Sharpe Ratio Comparison

The current FHKFX Sharpe Ratio is 1.97, which is higher than the EAD Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of FHKFX and EAD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FHKFX vs. EAD - Drawdown Comparison

The maximum FHKFX drawdown since its inception was -45.47%, smaller than the maximum EAD drawdown of -67.37%. Use the drawdown chart below to compare losses from any high point for FHKFX and EAD.

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Drawdown Indicators

FHKFXEADDifference

Max Drawdown

Largest peak-to-trough decline

-45.47%

-67.37%

+21.90%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-8.16%

-4.38%

Max Drawdown (3Y)

Largest decline over 3 years

-16.71%

-12.65%

-4.06%

Max Drawdown (5Y)

Largest decline over 5 years

-39.58%

-29.44%

-10.14%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.54%

—

Current Drawdown

Current decline from peak

-9.26%

-2.36%

-6.90%

Average Drawdown

Average peak-to-trough decline

-17.06%

-7.13%

-9.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

2.26%

+1.53%

Volatility

FHKFX vs. EAD - Volatility Comparison

Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 10.62% compared to Emerging Markets Dividend Fund (EAD) at 1.99%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than EAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FHKFXEADDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.62%

1.99%

+8.63%

Volatility (6M)

Calculated over the trailing 6-month period

20.41%

7.54%

+12.87%

Volatility (1Y)

Calculated over the trailing 1-year period

22.65%

9.39%

+13.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.82%

13.61%

+6.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.07%

16.11%

+3.96%

FHKFX vs. EAD - Expense Ratio Comparison

FHKFX has a 0.01% expense ratio, which is lower than EAD's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FHKFX vs. EAD - Dividend Comparison

FHKFX's dividend yield for the trailing twelve months is around 1.94%, less than EAD's 9.98% yield.

PositionTTM20252024202320222021202020192018201720162015
EAD
Emerging Markets Dividend Fund		9.98%9.47%9.08%9.07%10.97%7.59%8.51%8.44%9.11%8.58%9.62%10.95%
FHKFX
Fidelity Series Emerging Markets Fund		1.94%2.38%2.86%2.43%2.56%3.46%1.38%2.28%0.42%0.00%0.00%0.00%

Frequently Asked Questions

FHKFX and EAD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHKFX has higher volatility (10.62%) compared to EAD (1.99%). In terms of maximum drawdown, FHKFX dropped -45.47% vs EAD's -67.37%.

FHKFX currently has the higher Sharpe Ratio (1.97 vs -0.01), 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.

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