FIMKX vs. BTMKX
FIMKX (Fidelity Advisor Focused Emerging Markets Fund Class I) and BTMKX (iShares MSCI EAFE International Index Fund) are both mutual funds - FIMKX is a Emerging Markets Equities fund managed by Fidelity, while BTMKX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, FIMKX returned 13.12%/yr vs 9.67%/yr for BTMKX. A 0.74 correlation means they provide meaningful diversification when combined. FIMKX charges 1.03%/yr vs 0.05%/yr for BTMKX.
Performance
FIMKX vs. BTMKX - Performance Comparison
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Returns By Period
In the year-to-date period, FIMKX achieves a 31.48% return, which is significantly higher than BTMKX's 10.68% return. Over the past 10 years, FIMKX has outperformed BTMKX with an annualized return of 13.12%, while BTMKX has yielded a comparatively lower 9.67% annualized return.
FIMKX
- 1D
- 2.42%
- 1M
- 6.44%
- YTD
- 31.48%
- 6M
- 33.21%
- 1Y
- 64.75%
- 3Y*
- 26.26%
- 5Y*
- 9.86%
- 10Y*
- 13.12%
BTMKX
- 1D
- 0.80%
- 1M
- 2.00%
- YTD
- 10.68%
- 6M
- 11.08%
- 1Y
- 25.47%
- 3Y*
- 16.39%
- 5Y*
- 9.52%
- 10Y*
- 9.67%
FIMKX vs. BTMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 31.48% | 40.06% | 9.31% | 8.44% | -19.82% | -2.63% | 30.43% | 29.75% | -18.06% | 46.67% |
BTMKX iShares MSCI EAFE International Index Fund | 10.68% | 31.70% | 3.70% | 18.37% | -14.04% | 11.30% | 8.07% | 21.96% | -13.38% | 25.17% |
Correlation
The correlation between FIMKX and BTMKX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.74 |
The correlation between FIMKX and BTMKX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
FIMKX vs. BTMKX — Risk / Return Rank
FIMKX
BTMKX
FIMKX vs. BTMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) and iShares MSCI EAFE International Index Fund (BTMKX). 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.
| FIMKX | BTMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.28 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 2.17 | +2.45 |
| Martin ratioReturn relative to average drawdown | 17.78 | 8.11 | +9.66 |
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Drawdowns
FIMKX vs. BTMKX - Drawdown Comparison
The maximum FIMKX drawdown since its inception was -69.98%, which is greater than BTMKX's maximum drawdown of -33.92%. Use the drawdown chart below to compare losses from any high point for FIMKX and BTMKX.
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Drawdown Indicators
| FIMKX | BTMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.98% | -33.92% | -36.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.72% | -11.30% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -13.66% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | -29.23% | -10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | -33.92% | -7.93% |
Current DrawdownCurrent decline from peak | -1.69% | 0.00% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -19.82% | -7.74% | -12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.02% | +0.54% |
Volatility
FIMKX vs. BTMKX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) has a higher volatility of 10.65% compared to iShares MSCI EAFE International Index Fund (BTMKX) at 4.99%. This indicates that FIMKX's price experiences larger fluctuations and is considered to be riskier than BTMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIMKX | BTMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 4.99% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 12.94% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 15.58% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 16.25% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 16.67% | +2.33% |
FIMKX vs. BTMKX - Expense Ratio Comparison
FIMKX has a 1.03% expense ratio, which is higher than BTMKX's 0.05% expense ratio.
Dividends
FIMKX vs. BTMKX - Dividend Comparison
FIMKX's dividend yield for the trailing twelve months is around 1.20%, less than BTMKX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 3.38% | 3.74% | 3.43% | 3.19% | 2.80% | 3.06% | 1.99% | 3.34% | 4.58% | 2.45% | 2.85% | 2.42% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 1.20% | 1.57% | 1.20% | 1.60% | 1.14% | 5.19% | 2.09% | 10.86% | 0.61% | 0.10% | 0.45% | 0.19% |
Frequently Asked Questions
FIMKX and BTMKX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIMKX has higher volatility (10.65%) compared to BTMKX (4.99%). In terms of maximum drawdown, FIMKX dropped -69.98% vs BTMKX's -33.92%.
FIMKX currently has the higher Sharpe Ratio (3.16 vs 1.57), 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.
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