FKEMX vs. FSPSX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Fidelity International Index Fund (FSPSX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FKEMX vs. FSPSX - Performance Comparison
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FKEMX vs. FSPSX - 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% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FKEMX achieves a -2.42% return, which is significantly lower than FSPSX's -1.94% return. Over the past 10 years, FKEMX has outperformed FSPSX with an annualized return of 9.70%, while FSPSX has yielded a comparatively lower 8.65% annualized return.
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%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FKEMX vs. FSPSX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FKEMX vs. FSPSX — Risk / Return Rank
FKEMX
FSPSX
FKEMX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Fidelity International Index Fund (FSPSX). 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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.11 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.04 | 1.56 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.54 | +0.52 |
Martin ratioReturn relative to average drawdown | 7.52 | 5.93 | +1.59 |
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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.11 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.51 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.46 | -0.29 |
Correlation
The correlation between FKEMX and FSPSX is 0.75, 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. FSPSX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than FSPSX's 3.22% 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% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FKEMX vs. FSPSX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FKEMX and FSPSX.
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Drawdown Indicators
| FKEMX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -33.69% | -35.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -11.39% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -29.41% | -11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -33.69% | -9.44% |
Current DrawdownCurrent decline from peak | -13.00% | -10.86% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -6.59% | -14.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.96% | +0.61% |
Volatility
FKEMX vs. FSPSX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.16% compared to Fidelity International Index Fund (FSPSX) at 7.04%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 7.04% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 10.63% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 16.79% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 15.77% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 16.47% | +1.95% |