FHKFX vs. FEDGX
Compare and contrast key facts about Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX).
FHKFX is managed by Fidelity. It was launched on Aug 29, 2018. FEDGX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FHKFX vs. FEDGX - Performance Comparison
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FHKFX vs. FEDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 7.41% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 5.82% | 30.50% | -4.59% | 19.45% | -12.76% | 5.51% | 15.73% | 18.27% | -9.52% |
Returns By Period
In the year-to-date period, FHKFX achieves a 7.41% return, which is significantly higher than FEDGX's 5.82% return.
FHKFX
- 1D
- 3.28%
- 1M
- -7.69%
- YTD
- 7.41%
- 6M
- 10.84%
- 1Y
- 40.51%
- 3Y*
- 18.59%
- 5Y*
- 4.00%
- 10Y*
- —
FEDGX
- 1D
- 1.87%
- 1M
- -6.17%
- YTD
- 5.82%
- 6M
- 11.14%
- 1Y
- 35.35%
- 3Y*
- 14.48%
- 5Y*
- 6.72%
- 10Y*
- 8.65%
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FHKFX vs. FEDGX - Expense Ratio Comparison
FHKFX has a 0.01% expense ratio, which is lower than FEDGX's 2.25% expense ratio.
Return for Risk
FHKFX vs. FEDGX — Risk / Return Rank
FHKFX
FEDGX
FHKFX vs. FEDGX - 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 C (FEDGX). 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 | FEDGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 2.53 | -0.39 |
Sortino ratioReturn per unit of downside risk | 2.74 | 3.15 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.48 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.54 | -0.31 |
Martin ratioReturn relative to average drawdown | 11.96 | 13.63 | -1.67 |
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 | FEDGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.53 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.48 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.45 | -0.17 |
Correlation
The correlation between FHKFX and FEDGX 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. FEDGX - Dividend Comparison
FHKFX's dividend yield for the trailing twelve months is around 2.21%, less than FEDGX's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 2.21% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% |
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 3.60% | 3.81% | 3.01% | 1.09% | 0.57% | 10.88% | 0.00% | 0.00% | 0.49% | 1.54% | 0.58% |
Drawdowns
FHKFX vs. FEDGX - Drawdown Comparison
The maximum FHKFX drawdown since its inception was -45.47%, roughly equal to the maximum FEDGX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FHKFX and FEDGX.
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Drawdown Indicators
| FHKFX | FEDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -44.26% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -9.97% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -28.29% | -13.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.26% | — |
Current DrawdownCurrent decline from peak | -9.67% | -7.97% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -9.62% | -7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.59% | +0.80% |
Volatility
FHKFX vs. FEDGX - Volatility Comparison
Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 10.26% compared to Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) at 6.74%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than FEDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKFX | FEDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 6.74% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 9.91% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 14.46% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 14.00% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 15.65% | +3.92% |