FHKFX vs. FEDTX
Compare and contrast key facts about Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
FHKFX is managed by Fidelity. It was launched on Aug 29, 2018. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FHKFX vs. FEDTX - Performance Comparison
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FHKFX vs. FEDTX - 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 5.98% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -9.48% |
Returns By Period
In the year-to-date period, FHKFX achieves a 7.41% return, which is significantly higher than FEDTX's 5.98% return.
FHKFX
- 1D
- 3.28%
- 1M
- -7.69%
- YTD
- 7.41%
- 6M
- 10.84%
- 1Y
- 40.51%
- 3Y*
- 18.59%
- 5Y*
- 4.00%
- 10Y*
- —
FEDTX
- 1D
- 1.92%
- 1M
- -6.09%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 36.08%
- 3Y*
- 15.07%
- 5Y*
- 7.26%
- 10Y*
- 9.17%
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FHKFX vs. FEDTX - Expense Ratio Comparison
FHKFX has a 0.01% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
FHKFX vs. FEDTX — Risk / Return Rank
FHKFX
FEDTX
FHKFX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 2.59 | -0.45 |
Sortino ratioReturn per unit of downside risk | 2.74 | 3.22 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.62 | -0.39 |
Martin ratioReturn relative to average drawdown | 11.96 | 13.98 | -2.02 |
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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.59 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.52 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.49 | -0.20 |
Correlation
The correlation between FHKFX and FEDTX 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. FEDTX - Dividend Comparison
FHKFX's dividend yield for the trailing twelve months is around 2.21%, less than FEDTX's 4.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.06% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
FHKFX vs. FEDTX - Drawdown Comparison
The maximum FHKFX drawdown since its inception was -45.47%, roughly equal to the maximum FEDTX drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for FHKFX and FEDTX.
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Drawdown Indicators
| FHKFX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -43.70% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -9.94% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -27.91% | -14.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.70% | — |
Current DrawdownCurrent decline from peak | -9.67% | -7.89% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -9.26% | -8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.58% | +0.81% |
Volatility
FHKFX vs. FEDTX - Volatility Comparison
Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 10.26% compared to Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) at 6.74%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKFX | FEDTX | 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% | 9.87% | +5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 14.41% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 13.98% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 15.65% | +3.92% |