Correlation
The correlation between FKEMX and SPY is 0.70, 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.
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.
Performance
FKEMX vs. SPY - Performance Comparison
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Key characteristics
FKEMX:
0.28
SPY:
0.70
FKEMX:
0.38
SPY:
1.02
FKEMX:
1.05
SPY:
1.15
FKEMX:
0.12
SPY:
0.68
FKEMX:
0.52
SPY:
2.57
FKEMX:
6.42%
SPY:
4.93%
FKEMX:
19.67%
SPY:
20.42%
FKEMX:
-69.07%
SPY:
-55.19%
FKEMX:
-14.94%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FKEMX achieves a 5.17% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FKEMX has underperformed SPY with an annualized return of 6.46%, while SPY has yielded a comparatively higher 12.73% annualized return.
FKEMX
5.17%
4.82%
3.60%
6.33%
5.71%
6.61%
6.46%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
FKEMX vs. SPY - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.74%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 0.74% | 0.78% | 1.24% | 0.89% | 6.18% | 1.46% | 1.85% | 1.00% | 0.69% | 0.84% | 0.70% | 0.90% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
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Volatility
FKEMX vs. SPY - Volatility Comparison
The current volatility for Fidelity Emerging Markets K (FKEMX) is 4.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that FKEMX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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