FHKFX vs. VEMIX
Compare and contrast key facts about Fidelity Series Emerging Markets Fund (FHKFX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX).
FHKFX is managed by Fidelity. It was launched on Aug 29, 2018. VEMIX is managed by Vanguard. It was launched on Jun 22, 2000.
Performance
FHKFX vs. VEMIX - Performance Comparison
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FHKFX vs. VEMIX - 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% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | -2.51% | 24.80% | 11.38% | 8.85% | -17.75% | 0.91% | 15.26% | 20.35% | -9.06% |
Returns By Period
In the year-to-date period, FHKFX achieves a 4.00% return, which is significantly higher than VEMIX's -2.51% return.
FHKFX
- 1D
- -0.73%
- 1M
- -11.59%
- YTD
- 4.00%
- 6M
- 8.35%
- 1Y
- 36.95%
- 3Y*
- 17.32%
- 5Y*
- 3.63%
- 10Y*
- —
VEMIX
- 1D
- -0.84%
- 1M
- -9.72%
- YTD
- -2.51%
- 6M
- -1.15%
- 1Y
- 19.17%
- 3Y*
- 12.50%
- 5Y*
- 3.40%
- 10Y*
- 7.32%
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FHKFX vs. VEMIX - Expense Ratio Comparison
FHKFX has a 0.01% expense ratio, which is lower than VEMIX's 0.10% 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%.
Return for Risk
FHKFX vs. VEMIX — Risk / Return Rank
FHKFX
VEMIX
FHKFX vs. VEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX). 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 | VEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.24 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.44 | 1.70 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 1.53 | +1.15 |
Martin ratioReturn relative to average drawdown | 10.08 | 5.69 | +4.39 |
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 | VEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.24 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.23 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.33 | -0.07 |
Correlation
The correlation between FHKFX and VEMIX is 0.95, 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. VEMIX - Dividend Comparison
FHKFX's dividend yield for the trailing twelve months is around 2.29%, less than VEMIX's 2.76% 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% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.76% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
Drawdowns
FHKFX vs. VEMIX - Drawdown Comparison
The maximum FHKFX drawdown since its inception was -45.47%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for FHKFX and VEMIX.
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Drawdown Indicators
| FHKFX | VEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -66.43% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -11.09% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -32.56% | -9.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.04% | — |
Current DrawdownCurrent decline from peak | -12.54% | -11.05% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -16.08% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.99% | +0.34% |
Volatility
FHKFX vs. VEMIX - Volatility Comparison
Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 9.56% compared to Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) at 6.36%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than VEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKFX | VEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 6.36% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 10.71% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 15.25% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 15.18% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 16.37% | +3.17% |