FKEMX vs. PZIEX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. PZIEX is an actively managed fund by Pzena. It was launched on Mar 31, 2014.
Performance
FKEMX vs. PZIEX - Performance Comparison
Loading graphics...
FKEMX vs. PZIEX - 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% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.56% | 35.49% | 4.54% | 20.73% | -5.67% | 6.65% | 8.43% | 13.57% | -10.23% | 29.98% |
Returns By Period
In the year-to-date period, FKEMX achieves a -2.42% return, which is significantly lower than PZIEX's 4.56% return. Over the past 10 years, FKEMX has underperformed PZIEX with an annualized return of 9.70%, while PZIEX has yielded a comparatively higher 11.43% 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%
PZIEX
- 1D
- -1.41%
- 1M
- -11.82%
- YTD
- 4.56%
- 6M
- 10.95%
- 1Y
- 33.26%
- 3Y*
- 18.81%
- 5Y*
- 10.19%
- 10Y*
- 11.43%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FKEMX vs. PZIEX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is lower than PZIEX's 1.08% expense ratio.
Return for Risk
FKEMX vs. PZIEX — Risk / Return Rank
FKEMX
PZIEX
FKEMX vs. PZIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX). 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 | PZIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.07 | -0.57 |
Sortino ratioReturn per unit of downside risk | 2.04 | 2.52 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.40 | -0.34 |
Martin ratioReturn relative to average drawdown | 7.52 | 9.28 | -1.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FKEMX | PZIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.07 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.71 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.75 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.57 | -0.40 |
Correlation
The correlation between FKEMX and PZIEX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FKEMX vs. PZIEX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than PZIEX's 4.60% 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% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.60% | 4.81% | 7.38% | 5.79% | 2.08% | 2.79% | 1.28% | 6.32% | 1.28% | 1.41% | 0.98% | 2.23% |
Drawdowns
FKEMX vs. PZIEX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than PZIEX's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for FKEMX and PZIEX.
Loading graphics...
Drawdown Indicators
| FKEMX | PZIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -44.59% | -24.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -12.73% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -25.38% | -15.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -44.59% | +1.46% |
Current DrawdownCurrent decline from peak | -13.00% | -12.73% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -9.64% | -11.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.29% | +0.28% |
Volatility
FKEMX vs. PZIEX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.16% compared to Pzena Emerging Markets Value Fund Institutional Class (PZIEX) at 7.69%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than PZIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FKEMX | PZIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 7.69% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 11.62% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 15.48% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 14.51% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 15.31% | +3.11% |