FMCKX vs. FIMKX
FMCKX (Fidelity Advisor Focused Emerging Markets Fund Class C) and FIMKX (Fidelity Advisor Focused Emerging Markets Fund Class I) are both Emerging Markets Equities funds from Fidelity. Over the past 10 years, FMCKX returned 10.58%/yr vs 11.73%/yr for FIMKX. Their 1.00 correlation means they have historically moved very closely together. FMCKX charges 2.11%/yr vs 1.03%/yr for FIMKX.
Performance
FMCKX vs. FIMKX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FMCKX having a 23.12% return and FIMKX slightly higher at 23.86%. Over the past 10 years, FMCKX has underperformed FIMKX with an annualized return of 10.58%, while FIMKX has yielded a comparatively higher 11.73% annualized return.
FMCKX
- 1D
- 1.70%
- 1M
- -3.36%
- 6M
- 11.20%
- YTD
- 23.12%
- 1Y
- 41.83%
- 3Y*
- 23.03%
- 5Y*
- 8.39%
- 10Y*
- 10.58%
- ALL TIME*
- 8.34%
FIMKX
- 1D
- 1.70%
- 1M
- -3.31%
- 6M
- 11.74%
- YTD
- 23.86%
- 1Y
- 43.23%
- 3Y*
- 24.26%
- 5Y*
- 9.52%
- 10Y*
- 11.73%
- ALL TIME*
- 9.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMCKX vs. FIMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCKX Fidelity Advisor Focused Emerging Markets Fund Class C | 23.12% | 38.72% | 8.19% | 7.32% | -20.72% | -3.67% | 29.01% | 28.31% | -18.95% | 45.62% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 23.86% | 40.06% | 9.31% | 8.44% | -19.82% | -2.63% | 30.43% | 29.75% | -18.06% | 46.67% |
Correlation
The correlation between FMCKX and FIMKX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2004 | 1.00 |
The correlation between FMCKX and FIMKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FMCKX vs. FIMKX — Risk / Return Rank
FMCKX
FIMKX
FMCKX vs. FIMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class C (FMCKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMCKX | FIMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.25 | -0.12 |
| Martin ratioReturn relative to average drawdown | 9.30 | 9.70 | -0.40 |
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Drawdowns
FMCKX vs. FIMKX - Drawdown Comparison
The maximum FMCKX drawdown since its inception was -70.33%, roughly equal to the maximum FIMKX drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for FMCKX and FIMKX.
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Drawdown Indicators
| FMCKX | FIMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -69.98% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.79% | -13.72% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -18.75% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -37.54% | -36.74% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -42.90% | -41.85% | -1.05% |
Current DrawdownCurrent decline from peak | -7.54% | -7.39% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -19.76% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 4.58% | +0.04% |
Volatility
FMCKX vs. FIMKX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class C (FMCKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) have volatilities of 8.37% and 8.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCKX | FIMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 8.38% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 20.24% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 22.32% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 19.72% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 19.19% | +0.01% |
FMCKX vs. FIMKX - Expense Ratio Comparison
FMCKX has a 2.11% expense ratio, which is higher than FIMKX's 1.03% expense ratio.
Dividends
FMCKX vs. FIMKX - Dividend Comparison
FMCKX's dividend yield for the trailing twelve months is around 0.57%, less than FIMKX's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 1.27% | 1.57% | 1.20% | 1.60% | 1.14% | 5.19% | 2.09% | 10.86% | 0.61% | 0.10% | 0.45% | 0.19% |
FMCKX Fidelity Advisor Focused Emerging Markets Fund Class C | 0.57% | 0.70% | 0.11% | 0.53% | 0.00% | 4.23% | 1.27% | 11.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, FMCKX and FIMKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIMKX has higher volatility (8.38%) compared to FMCKX (8.37%). In terms of maximum drawdown, FMCKX dropped -70.33% vs FIMKX's -69.98%.
FIMKX currently has the higher Sharpe Ratio (2.00 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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