FKEMX vs. VWO
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Vanguard FTSE Emerging Markets ETF (VWO).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Performance
FKEMX vs. VWO - Performance Comparison
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FKEMX vs. VWO - 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% | 46.97% |
VWO Vanguard FTSE Emerging Markets ETF | 0.84% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Returns By Period
In the year-to-date period, FKEMX achieves a 0.98% return, which is significantly higher than VWO's 0.84% return. Over the past 10 years, FKEMX has outperformed VWO with an annualized return of 10.08%, while VWO has yielded a comparatively lower 7.66% annualized 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%
VWO
- 1D
- 0.30%
- 1M
- -5.29%
- YTD
- 0.84%
- 6M
- 1.39%
- 1Y
- 22.71%
- 3Y*
- 13.84%
- 5Y*
- 3.90%
- 10Y*
- 7.66%
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FKEMX vs. VWO - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is higher than VWO's 0.08% expense ratio.
Return for Risk
FKEMX vs. VWO — Risk / Return Rank
FKEMX
VWO
FKEMX vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) and Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.28 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.36 | 1.80 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.89 | +0.47 |
Martin ratioReturn relative to average drawdown | 8.85 | 7.18 | +1.67 |
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 | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.28 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.23 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.40 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.25 | -0.07 |
Correlation
The correlation between FKEMX and VWO is 0.90, 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. VWO - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, less than VWO's 2.68% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Drawdowns
FKEMX vs. VWO - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, roughly equal to the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FKEMX and VWO.
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Drawdown Indicators
| FKEMX | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -67.68% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -12.23% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -32.80% | -7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -36.39% | -6.74% |
Current DrawdownCurrent decline from peak | -9.97% | -8.13% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -15.93% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.22% | +0.25% |
Volatility
FKEMX vs. VWO - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) has a higher volatility of 9.99% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 7.41%. This indicates that FKEMX's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKEMX | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 7.41% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 12.26% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 17.83% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 17.21% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 19.18% | -0.72% |