FKEMX vs. FEDDX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Fidelity Emerging Markets Discovery Fund (FEDDX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. FEDDX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FKEMX vs. FEDDX - Performance Comparison
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FKEMX vs. FEDDX - 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% |
FEDDX Fidelity Emerging Markets Discovery Fund | 4.17% | 31.90% | -3.68% | 20.76% | -11.83% | 6.65% | 16.96% | 19.60% | -18.90% | 36.59% |
Returns By Period
In the year-to-date period, FKEMX achieves a -2.42% return, which is significantly lower than FEDDX's 4.17% return. Both investments have delivered pretty close results over the past 10 years, with FKEMX having a 9.70% annualized return and FEDDX not far behind at 9.53%.
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%
FEDDX
- 1D
- -0.74%
- 1M
- -9.17%
- YTD
- 4.17%
- 6M
- 10.32%
- 1Y
- 35.27%
- 3Y*
- 14.96%
- 5Y*
- 7.72%
- 10Y*
- 9.53%
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FKEMX vs. FEDDX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is lower than FEDDX's 1.19% expense ratio.
Return for Risk
FKEMX vs. FEDDX — Risk / Return Rank
FKEMX
FEDDX
FKEMX vs. FEDDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Fidelity Emerging Markets Discovery Fund (FEDDX). 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 | FEDDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.39 | -0.90 |
Sortino ratioReturn per unit of downside risk | 2.04 | 2.99 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.20 | -1.13 |
Martin ratioReturn relative to average drawdown | 7.52 | 12.68 | -5.17 |
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 | FEDDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.39 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.55 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.61 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.51 | -0.34 |
Correlation
The correlation between FKEMX and FEDDX 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. FEDDX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than FEDDX's 4.47% 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% |
FEDDX Fidelity Emerging Markets Discovery Fund | 4.46% | 4.65% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 1.50% | 1.36% | 0.81% |
Drawdowns
FKEMX vs. FEDDX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than FEDDX's maximum drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for FKEMX and FEDDX.
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Drawdown Indicators
| FKEMX | FEDDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -42.95% | -26.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.94% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -27.45% | -13.34% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -42.95% | -0.18% |
Current DrawdownCurrent decline from peak | -13.00% | -9.54% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -8.86% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.51% | +1.06% |
Volatility
FKEMX vs. FEDDX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.16% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 6.44%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | FEDDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 6.44% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 9.73% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 14.37% | +4.98% |
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% | 15.65% | +2.77% |