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.
Key characteristics
| FKEMX | SPY | |
|---|---|---|
| YTD Return | 16.07% | 26.49% |
| 1Y Return | 24.73% | 38.06% |
| 3Y Return (Ann) | -2.50% | 9.93% |
| 5Y Return (Ann) | 6.86% | 15.84% |
| 10Y Return (Ann) | 6.91% | 13.32% |
| Sharpe Ratio | 1.60 | 3.11 |
| Sortino Ratio | 2.33 | 4.14 |
| Omega Ratio | 1.29 | 1.58 |
| Calmar Ratio | 0.82 | 4.54 |
| Martin Ratio | 7.97 | 20.57 |
| Ulcer Index | 3.10% | 1.86% |
| Daily Std Dev | 15.37% | 12.29% |
| Max Drawdown | -69.07% | -55.19% |
| Current Drawdown | -12.47% | 0.00% |
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
In the year-to-date period, FKEMX achieves a 16.07% return, which is significantly lower than SPY's 26.49% return. Over the past 10 years, FKEMX has underperformed SPY with an annualized return of 6.91%, while SPY has yielded a comparatively higher 13.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.07%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 1.07% | 1.24% | 0.89% | 1.23% | 0.27% | 1.85% | 0.99% | 0.61% | 0.84% | 0.70% | 1.67% | 0.16% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 4.50% compared to SPDR S&P 500 ETF (SPY) at 3.95%. 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.