FMCKX vs. JEMWX
FMCKX (Fidelity Advisor Focused Emerging Markets Fund Class C) and JEMWX (JPMorgan Emerging Markets Equity Fund Class R6) are both Emerging Markets Equities funds. Over the past 10 years, FMCKX returned 10.58%/yr vs 10.43%/yr for JEMWX. Their correlation of 0.93 means they have usually moved in the same direction. FMCKX charges 2.11%/yr vs 0.74%/yr for JEMWX.
Performance
FMCKX vs. JEMWX - Performance Comparison
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Returns By Period
In the year-to-date period, FMCKX achieves a 23.12% return, which is significantly lower than JEMWX's 26.61% return. Both investments have delivered pretty close results over the past 10 years, with FMCKX having a 10.58% annualized return and JEMWX not far behind at 10.43%.
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%
JEMWX
- 1D
- 1.81%
- 1M
- -3.81%
- 6M
- 15.59%
- YTD
- 26.61%
- 1Y
- 50.13%
- 3Y*
- 22.64%
- 5Y*
- 5.99%
- 10Y*
- 10.43%
- ALL TIME*
- 8.45%
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. JEMWX - 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% |
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 26.61% | 40.40% | 3.61% | 7.42% | -25.61% | -10.20% | 35.00% | 32.20% | -15.82% | 42.84% |
Correlation
The correlation between FMCKX and JEMWX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.93 |
The correlation between FMCKX and JEMWX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
FMCKX vs. JEMWX — Risk / Return Rank
FMCKX
JEMWX
FMCKX vs. JEMWX - 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 JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX). 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 | JEMWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.39 | -0.26 |
| Martin ratioReturn relative to average drawdown | 9.30 | 11.76 | -2.45 |
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Drawdowns
FMCKX vs. JEMWX - Drawdown Comparison
The maximum FMCKX drawdown since its inception was -70.33%, which is greater than JEMWX's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for FMCKX and JEMWX.
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Drawdown Indicators
| FMCKX | JEMWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -49.42% | -20.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.79% | -14.85% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -15.01% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.54% | -43.28% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -42.90% | -49.42% | +6.52% |
Current DrawdownCurrent decline from peak | -7.54% | -7.21% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -17.27% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 4.27% | +0.35% |
Volatility
FMCKX vs. JEMWX - Volatility Comparison
The current volatility for Fidelity Advisor Focused Emerging Markets Fund Class C (FMCKX) is 8.37%, while JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) has a volatility of 9.99%. This indicates that FMCKX experiences smaller price fluctuations and is considered to be less risky than JEMWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCKX | JEMWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 9.99% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 22.52% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 24.85% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 20.26% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 19.92% | -0.72% |
FMCKX vs. JEMWX - Expense Ratio Comparison
FMCKX has a 2.11% expense ratio, which is higher than JEMWX's 0.74% expense ratio.
Dividends
FMCKX vs. JEMWX - Dividend Comparison
FMCKX's dividend yield for the trailing twelve months is around 0.57%, less than JEMWX's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 1.12% | 1.42% | 1.63% | 1.67% | 0.67% | 4.01% | 0.18% | 0.88% | 1.05% | 0.55% | 0.89% | 1.13% |
Frequently Asked Questions
With a correlation of 0.90, FMCKX and JEMWX 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.
JEMWX has higher volatility (9.99%) compared to FMCKX (8.37%). In terms of maximum drawdown, FMCKX dropped -70.33% vs JEMWX's -49.42%.
JEMWX currently has the higher Sharpe Ratio (2.03 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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