FKEMX vs. VEMAX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. VEMAX is managed by Vanguard. It was launched on Jun 23, 2006.
Performance
FKEMX vs. VEMAX - Performance Comparison
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FKEMX vs. VEMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | -2.42% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -17.92% | 46.97% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | -2.51% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FKEMX having a -2.42% return and VEMAX slightly lower at -2.51%. Over the past 10 years, FKEMX has outperformed VEMAX with an annualized return of 9.70%, while VEMAX has yielded a comparatively lower 7.28% annualized return.
FKEMX
- 1D
- -0.90%
- 1M
- -11.42%
- YTD
- -2.42%
- 6M
- 1.57%
- 1Y
- 29.50%
- 3Y*
- 13.46%
- 5Y*
- 2.72%
- 10Y*
- 9.70%
VEMAX
- 1D
- -0.82%
- 1M
- -9.73%
- YTD
- -2.51%
- 6M
- -1.16%
- 1Y
- 19.13%
- 3Y*
- 12.46%
- 5Y*
- 3.36%
- 10Y*
- 7.28%
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FKEMX vs. VEMAX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is higher than VEMAX's 0.14% expense ratio.
Return for Risk
FKEMX vs. VEMAX — Risk / Return Rank
FKEMX
VEMAX
FKEMX vs. VEMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). 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 | VEMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.23 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.04 | 1.70 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.53 | +0.53 |
Martin ratioReturn relative to average drawdown | 7.52 | 5.69 | +1.83 |
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 | VEMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.23 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.22 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.45 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.26 | -0.09 |
Correlation
The correlation between FKEMX and VEMAX is 0.95, 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. VEMAX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than VEMAX's 2.73% 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% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.73% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
Drawdowns
FKEMX vs. VEMAX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, roughly equal to the maximum VEMAX drawdown of -66.45%. Use the drawdown chart below to compare losses from any high point for FKEMX and VEMAX.
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Drawdown Indicators
| FKEMX | VEMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -66.45% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -11.08% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -32.60% | -8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -36.11% | -7.02% |
Current DrawdownCurrent decline from peak | -13.00% | -11.05% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -16.25% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.99% | +0.58% |
Volatility
FKEMX vs. VEMAX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.16% compared to Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) at 6.36%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than VEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | VEMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 6.36% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 10.70% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 15.26% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 15.18% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 16.37% | +2.05% |