FKEMX vs. FEDAX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FKEMX vs. FEDAX - Performance Comparison
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FKEMX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | -2.42% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -17.92% | 46.97% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, FKEMX achieves a -2.42% return, which is significantly lower than FEDAX's 4.10% return. Both investments have delivered pretty close results over the past 10 years, with FKEMX having a 9.70% annualized return and FEDAX not far behind at 9.23%.
FKEMX
- 1D
- -0.90%
- 1M
- -11.42%
- YTD
- -2.42%
- 6M
- 1.57%
- 1Y
- 29.50%
- 3Y*
- 13.46%
- 5Y*
- 2.72%
- 10Y*
- 9.70%
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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FKEMX vs. FEDAX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
FKEMX vs. FEDAX — Risk / Return Rank
FKEMX
FEDAX
FKEMX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| FKEMX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.36 | -0.86 |
Sortino ratioReturn per unit of downside risk | 2.04 | 2.95 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.15 | -1.09 |
Martin ratioReturn relative to average drawdown | 7.52 | 12.43 | -4.92 |
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
| FKEMX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.36 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.53 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.59 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.49 | -0.33 |
Correlation
The correlation between FKEMX and FEDAX is 0.87, 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
FKEMX vs. FEDAX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 0.07% | 0.07% | 0.78% | 1.24% | 0.89% | 6.18% | 1.46% | 1.85% | 1.00% | 0.08% | 0.84% | 0.70% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
FKEMX vs. FEDAX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than FEDAX's maximum drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for FKEMX and FEDAX.
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Drawdown Indicators
| FKEMX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -43.35% | -25.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.95% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -27.68% | -13.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -43.35% | +0.22% |
Current DrawdownCurrent decline from peak | -13.00% | -9.58% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -9.06% | -12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.52% | +1.05% |
Volatility
FKEMX vs. FEDAX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.16% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 6.48% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 9.76% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 14.38% | +4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 13.98% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 15.67% | +2.75% |