FKEMX vs. FZILX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Fidelity ZERO International Index Fund (FZILX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. FZILX is managed by Fidelity.
Performance
FKEMX vs. FZILX - Performance Comparison
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FKEMX vs. FZILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 0.98% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -8.32% |
FZILX Fidelity ZERO International Index Fund | 2.17% | 33.52% | 5.32% | 16.28% | -15.96% | 8.19% | 11.06% | 21.69% | -9.38% |
Returns By Period
In the year-to-date period, FKEMX achieves a 0.98% return, which is significantly lower than FZILX's 2.17% 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%
FZILX
- 1D
- 3.01%
- 1M
- -6.87%
- YTD
- 2.17%
- 6M
- 6.45%
- 1Y
- 27.85%
- 3Y*
- 16.00%
- 5Y*
- 7.70%
- 10Y*
- —
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FKEMX vs. FZILX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is higher than FZILX's 0.00% expense ratio.
Return for Risk
FKEMX vs. FZILX — Risk / Return Rank
FKEMX
FZILX
FKEMX vs. FZILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Fidelity ZERO International Index Fund (FZILX). 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 | FZILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.74 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.36 | 2.32 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.44 | -0.08 |
Martin ratioReturn relative to average drawdown | 8.85 | 9.45 | -0.60 |
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 | FZILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.74 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.51 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.49 | -0.32 |
Correlation
The correlation between FKEMX and FZILX is 0.86, 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. FZILX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than FZILX's 2.62% 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% |
FZILX Fidelity ZERO International Index Fund | 2.62% | 2.67% | 3.00% | 2.98% | 2.71% | 2.61% | 1.64% | 2.37% | 0.02% | 0.00% | 0.00% | 0.00% |
Drawdowns
FKEMX vs. FZILX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than FZILX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FKEMX and FZILX.
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Drawdown Indicators
| FKEMX | FZILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -34.37% | -34.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -11.24% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -29.87% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | — | — |
Current DrawdownCurrent decline from peak | -9.97% | -8.57% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -6.80% | -14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.90% | +0.57% |
Volatility
FKEMX vs. FZILX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.99% compared to Fidelity ZERO International Index Fund (FZILX) at 7.90%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than FZILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | FZILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 7.90% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 11.25% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 16.44% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 15.33% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 17.30% | +1.16% |