FKEMX vs. SPY
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and SPDR S&P 500 ETF (SPY).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKEMX or SPY.
Correlation
The correlation between FKEMX and SPY is 0.71, 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.
Performance
FKEMX vs. SPY - Performance Comparison
Key characteristics
FKEMX:
0.65
SPY:
1.88
FKEMX:
1.02
SPY:
2.53
FKEMX:
1.13
SPY:
1.35
FKEMX:
0.37
SPY:
2.83
FKEMX:
2.27
SPY:
11.74
FKEMX:
4.59%
SPY:
2.02%
FKEMX:
15.98%
SPY:
12.64%
FKEMX:
-69.07%
SPY:
-55.19%
FKEMX:
-19.34%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FKEMX achieves a 4.62% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, FKEMX has underperformed SPY with an annualized return of 5.69%, while SPY has yielded a comparatively higher 13.18% annualized return.
FKEMX
4.62%
1.92%
0.96%
10.95%
3.55%
5.69%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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FKEMX vs. SPY - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FKEMX vs. SPY — Risk-Adjusted Performance Rank
FKEMX
SPY
FKEMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FKEMX vs. SPY - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.75%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 0.75% | 0.78% | 1.24% | 0.89% | 1.23% | 0.27% | 1.85% | 0.99% | 0.61% | 0.84% | 0.70% | 1.67% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FKEMX vs. SPY - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FKEMX and SPY. For additional features, visit the drawdowns tool.
Volatility
FKEMX vs. SPY - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 5.35% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.