FKEMX vs. SIVLX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Seafarer Overseas Value Fund Institutional Class (SIVLX).

FKEMX is managed by Fidelity. It was launched on May 9, 2008. SIVLX is an actively managed fund by Seafarer. It was launched on May 31, 2016.

Performance

FKEMX vs. SIVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Emerging Markets K (FKEMX) and Seafarer Overseas Value Fund Institutional Class (SIVLX). The values are adjusted to include any dividend payments, if applicable.

FKEMX vs. SIVLX - 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%	46.11%
SIVLX Seafarer Overseas Value Fund Institutional Class	3.00%	37.79%	-3.34%	13.38%	-0.74%	10.05%	4.05%	21.98%	-13.91%	23.02%

Returns By Period

In the year-to-date period, FKEMX achieves a 0.98% return, which is significantly lower than SIVLX's 3.00% 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%

SIVLX

• 1D: 1.63%
• 1M: -9.66%
• YTD: 3.00%
• 6M: 7.86%
• 1Y: 33.96%
• 3Y*: 14.01%
• 5Y*: 9.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FKEMX vs. SIVLX - Expense Ratio Comparison

FKEMX has a 0.77% expense ratio, which is lower than SIVLX's 1.05% expense ratio.

SIVLX

Seafarer Overseas Value Fund Institutional Class

FKEMX

Fidelity Emerging Markets K

Return for Risk

FKEMX vs. SIVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FKEMX

FKEMX Risk / Return Rank: 85
FKEMX Sharpe Ratio Rank: 87
FKEMX Sortino Ratio Rank: 86
FKEMX Omega Ratio Rank: 82
FKEMX Calmar Ratio Rank: 87
FKEMX Martin Ratio Rank: 84

SIVLX

SIVLX Risk / Return Rank: 93
SIVLX Sharpe Ratio Rank: 98
SIVLX Sortino Ratio Rank: 96
SIVLX Omega Ratio Rank: 96
SIVLX Calmar Ratio Rank: 89
SIVLX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FKEMX vs. SIVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Seafarer Overseas Value Fund Institutional Class (SIVLX). 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	SIVLX	Difference
Sharpe ratio Return per unit of total volatility	1.75	2.82	-1.06
Sortino ratio Return per unit of downside risk	2.36	3.40	-1.04
Omega ratio Gain probability vs. loss probability	1.34	1.56	-0.22
Calmar ratio Return relative to maximum drawdown	2.36	2.68	-0.32
Martin ratio Return relative to average drawdown	8.85	10.66	-1.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FKEMX vs. SIVLX - Sharpe Ratio Comparison

The current FKEMX Sharpe Ratio is 1.75, which is lower than the SIVLX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of FKEMX and SIVLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FKEMX	SIVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.82	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.84	-0.67
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	0.75	-0.57

Correlation

The correlation between FKEMX and SIVLX is 0.70, 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. SIVLX - Dividend Comparison

FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than SIVLX's 4.90% 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%
SIVLX Seafarer Overseas Value Fund Institutional Class	4.90%	5.05%	4.23%	2.93%	1.70%	3.56%	1.38%	3.06%	3.30%	3.41%	0.00%	0.00%

Drawdowns

FKEMX vs. SIVLX - Drawdown Comparison

The maximum FKEMX drawdown since its inception was -69.07%, which is greater than SIVLX's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for FKEMX and SIVLX.

Drawdown Indicators

	FKEMX	SIVLX	Difference
Max Drawdown Largest peak-to-trough decline	-69.07%	-33.09%	-35.98%
Max Drawdown (1Y) Largest decline over 1 year	-13.00%	-12.51%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	-40.79%	-16.39%	-24.40%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	—	—
Current Drawdown Current decline from peak	-9.97%	-11.08%	+1.11%
Average Drawdown Average peak-to-trough decline	-21.49%	-5.60%	-15.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.15%	+0.32%

Volatility

FKEMX vs. SIVLX - Volatility Comparison

Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.99% compared to Seafarer Overseas Value Fund Institutional Class (SIVLX) at 6.54%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than SIVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKEMX	SIVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.99%	6.54%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	14.56%	9.18%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	12.64%	+6.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	11.51%	+7.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	12.56%	+5.90%