FHKFX vs. FEDAX
Compare and contrast key facts about Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
FHKFX is managed by Fidelity. It was launched on Aug 29, 2018. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FHKFX vs. FEDAX - Performance Comparison
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FHKFX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 4.00% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -9.42% |
Returns By Period
The year-to-date returns for both investments are quite close, with FHKFX having a 4.00% return and FEDAX slightly higher at 4.10%.
FHKFX
- 1D
- -0.73%
- 1M
- -11.59%
- YTD
- 4.00%
- 6M
- 8.35%
- 1Y
- 36.95%
- 3Y*
- 17.32%
- 5Y*
- 3.63%
- 10Y*
- —
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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FHKFX vs. FEDAX - Expense Ratio Comparison
FHKFX has a 0.01% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
FHKFX vs. FEDAX — Risk / Return Rank
FHKFX
FEDAX
FHKFX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| FHKFX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 2.36 | -0.48 |
Sortino ratioReturn per unit of downside risk | 2.44 | 2.95 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.45 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.15 | -0.47 |
Martin ratioReturn relative to average drawdown | 10.08 | 12.43 | -2.35 |
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
| FHKFX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.36 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.53 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.49 | -0.23 |
Correlation
The correlation between FHKFX and FEDAX 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
FHKFX vs. FEDAX - Dividend Comparison
FHKFX's dividend yield for the trailing twelve months is around 2.29%, less than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 2.29% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% | 0.00% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
FHKFX vs. FEDAX - Drawdown Comparison
The maximum FHKFX drawdown since its inception was -45.47%, roughly equal to the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for FHKFX and FEDAX.
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Drawdown Indicators
| FHKFX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -43.35% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -9.95% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -27.68% | -14.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.35% | — |
Current DrawdownCurrent decline from peak | -12.54% | -9.58% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -9.06% | -8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.52% | +0.81% |
Volatility
FHKFX vs. FEDAX - Volatility Comparison
Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 9.56% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKFX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 6.48% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 9.76% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 14.38% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 13.98% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 15.67% | +3.87% |