FIDJX vs. FRDM

Last updated Jun 24, 2026

FIDJX (Fidelity SAI Sustainable Sector Fund) and FRDM (Freedom 100 Emerging Markets ETF) are both funds - FIDJX is a Large Cap Blend Equities fund actively managed by Fidelity, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. FIDJX is actively managed, while FRDM is passively managed. Over the past 3 years, FIDJX returned 23.32%/yr vs 35.26%/yr for FRDM. A 0.72 correlation means they provide meaningful diversification when combined. FIDJX charges 0.44%/yr vs 0.49%/yr for FRDM.

Performance

FIDJX vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Sustainable Sector Fund (FIDJX) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDJX achieves a 15.14% return, which is significantly lower than FRDM's 39.87% return.

FIDJX

• 1D: -0.32%
• 1M: 1.64%
• YTD: 15.14%
• 6M: 14.15%
• 1Y: 33.60%
• 3Y*: 23.32%
• 5Y*: —
• 10Y*: —

FRDM

• 1D: -6.27%
• 1M: 5.76%
• YTD: 39.87%
• 6M: 43.31%
• 1Y: 88.48%
• 3Y*: 35.26%
• 5Y*: 18.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIDJX vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FIDJX Fidelity SAI Sustainable Sector Fund	15.14%	17.55%	23.85%	31.66%	-10.52%
FRDM Freedom 100 Emerging Markets ETF	39.87%	61.27%	1.70%	22.77%	-9.59%

Correlation

The correlation between FIDJX and FRDM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022	0.72

The correlation between FIDJX and FRDM has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.

Return for Risk

FIDJX vs. FRDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIDJX

FIDJX Risk / Return Rank: 84
FIDJX Sharpe Ratio Rank: 85
FIDJX Sortino Ratio Rank: 78
FIDJX Omega Ratio Rank: 77
FIDJX Calmar Ratio Rank: 88
FIDJX Martin Ratio Rank: 94

FRDM

FRDM Risk / Return Rank: 90
FRDM Sharpe Ratio Rank: 93
FRDM Sortino Ratio Rank: 85
FRDM Omega Ratio Rank: 90
FRDM Calmar Ratio Rank: 90
FRDM Martin Ratio Rank: 91

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.

FIDJX vs. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable Sector Fund (FIDJX) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	FIDJX	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	2.58	3.18	-0.60
Sortino ratio: Return per unit of downside risk	3.41	3.62	-0.21
Omega ratio: Gain probability vs. loss probability	1.46	1.55	-0.09
Calmar ratio: Return relative to maximum drawdown	4.08	5.27	-1.20
Martin ratio: Return relative to average drawdown	18.97	20.25	-1.28

FIDJX vs. FRDM - Sharpe Ratio Comparison

The current FIDJX Sharpe Ratio is 2.58, which is comparable to the FRDM Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of FIDJX and FRDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIDJX vs. FRDM - Drawdown Comparison

The maximum FIDJX drawdown since its inception was -20.43%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for FIDJX and FRDM.

Drawdown Indicators

	FIDJX	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-20.43%	-40.49%	+20.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-16.87%	+8.24%
Max Drawdown (3Y) Largest decline over 3 years	-20.43%	-16.87%	-3.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.25%	—
Current Drawdown Current decline from peak	-0.80%	-6.27%	+5.47%
Average Drawdown Average peak-to-trough decline	-3.52%	-7.07%	+3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	4.38%	-2.53%

Volatility

FIDJX vs. FRDM - Volatility Comparison

The current volatility for Fidelity SAI Sustainable Sector Fund (FIDJX) is 5.47%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 15.75%. This indicates that FIDJX experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDJX	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	15.75%	-10.28%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	25.69%	-14.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	27.99%	-14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.20%	21.67%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	23.26%	-5.06%

FIDJX vs. FRDM - Expense Ratio Comparison

FIDJX has a 0.44% expense ratio, which is lower than FRDM's 0.49% expense ratio.

Dividends

FIDJX vs. FRDM - Dividend Comparison

FIDJX's dividend yield for the trailing twelve months is around 0.52%, less than FRDM's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FIDJX Fidelity SAI Sustainable Sector Fund	0.52%	0.60%	1.74%	0.52%	0.44%	0.00%	0.00%	0.00%
FRDM Freedom 100 Emerging Markets ETF	1.56%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%

Frequently Asked Questions

Can I hold both FIDJX and FRDM in my portfolio?

FIDJX and FRDM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDJX or FRDM?

FRDM has higher volatility (15.75%) compared to FIDJX (5.47%). In terms of maximum drawdown, FIDJX dropped -20.43% vs FRDM's -40.49%.

Which has better risk-adjusted returns?

FRDM currently has the higher Sharpe Ratio (3.18 vs 2.58), 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.