FKEMX vs. SCHE
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Schwab Emerging Markets Equity ETF (SCHE).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. SCHE is a passively managed fund by Charles Schwab that tracks the performance of the FTSE All-World Emerging. It was launched on Jan 14, 2010.
Performance
FKEMX vs. SCHE - Performance Comparison
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FKEMX vs. SCHE - 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% |
SCHE Schwab Emerging Markets Equity ETF | 0.89% | 26.54% | 10.60% | 8.93% | -17.84% | -0.65% | 14.49% | 20.31% | -13.57% | 32.70% |
Returns By Period
In the year-to-date period, FKEMX achieves a 0.98% return, which is significantly higher than SCHE's 0.89% return. Over the past 10 years, FKEMX has outperformed SCHE with an annualized return of 10.08%, while SCHE has yielded a comparatively lower 7.71% 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%
SCHE
- 1D
- 0.27%
- 1M
- -5.17%
- YTD
- 0.89%
- 6M
- 1.12%
- 1Y
- 22.64%
- 3Y*
- 14.08%
- 5Y*
- 3.73%
- 10Y*
- 7.71%
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FKEMX vs. SCHE - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Return for Risk
FKEMX vs. SCHE — Risk / Return Rank
FKEMX
SCHE
FKEMX vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Schwab Emerging Markets Equity ETF (SCHE). 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 | SCHE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.25 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.36 | 1.78 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.92 | +0.44 |
Martin ratioReturn relative to average drawdown | 8.85 | 7.21 | +1.64 |
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 | SCHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.25 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.21 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.40 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.22 | -0.04 |
Correlation
The correlation between FKEMX and SCHE is 0.90, 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. SCHE - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than SCHE's 2.85% 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% |
SCHE Schwab Emerging Markets Equity ETF | 2.85% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
Drawdowns
FKEMX vs. SCHE - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for FKEMX and SCHE.
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Drawdown Indicators
| FKEMX | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -36.20% | -32.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -12.14% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -33.77% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -36.20% | -6.93% |
Current DrawdownCurrent decline from peak | -9.97% | -8.15% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -12.71% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.23% | +0.24% |
Volatility
FKEMX vs. SCHE - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.99% compared to Schwab Emerging Markets Equity ETF (SCHE) at 7.69%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 7.69% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 12.64% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 18.23% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 17.51% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 19.42% | -0.96% |