FKEMX vs. FEDTX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FKEMX vs. FEDTX - Performance Comparison
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FKEMX vs. FEDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 0.98% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -17.92% | 46.97% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 5.98% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
Returns By Period
In the year-to-date period, FKEMX achieves a 0.98% return, which is significantly lower than FEDTX's 5.98% return. Over the past 10 years, FKEMX has outperformed FEDTX with an annualized return of 10.08%, while FEDTX has yielded a comparatively lower 9.17% annualized return.
FKEMX
- 1D
- 3.49%
- 1M
- -7.62%
- YTD
- 0.98%
- 6M
- 4.40%
- 1Y
- 33.13%
- 3Y*
- 14.76%
- 5Y*
- 3.11%
- 10Y*
- 10.08%
FEDTX
- 1D
- 1.92%
- 1M
- -6.09%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 36.08%
- 3Y*
- 15.07%
- 5Y*
- 7.26%
- 10Y*
- 9.17%
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FKEMX vs. FEDTX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
FKEMX vs. FEDTX — Risk / Return Rank
FKEMX
FEDTX
FKEMX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 2.59 | -0.84 |
Sortino ratioReturn per unit of downside risk | 2.36 | 3.22 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.62 | -1.26 |
Martin ratioReturn relative to average drawdown | 8.85 | 13.98 | -5.12 |
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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.59 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.52 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.59 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.49 | -0.31 |
Correlation
The correlation between FKEMX and FEDTX 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. FEDTX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than FEDTX's 4.06% 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.06% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
FKEMX vs. FEDTX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than FEDTX's maximum drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for FKEMX and FEDTX.
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Drawdown Indicators
| FKEMX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -43.70% | -25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.94% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -27.91% | -12.88% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -43.70% | +0.57% |
Current DrawdownCurrent decline from peak | -9.97% | -7.89% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -9.26% | -12.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.58% | +0.89% |
Volatility
FKEMX vs. FEDTX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.99% compared to Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) at 6.74%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | FEDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 6.74% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 9.87% | +4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 14.41% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 13.98% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 15.65% | +2.81% |