FMILX vs. FEMKX
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Fidelity Emerging Markets (FEMKX).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. FEMKX is managed by Fidelity. It was launched on Nov 1, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or FEMKX.
Key characteristics
| FMILX | FEMKX | |
|---|---|---|
| YTD Return | 30.55% | 15.96% |
| 1Y Return | 37.55% | 24.54% |
| 3Y Return (Ann) | 12.10% | -2.63% |
| 5Y Return (Ann) | 11.70% | 6.73% |
| 10Y Return (Ann) | 6.05% | 6.74% |
| Sharpe Ratio | 2.63 | 1.60 |
| Sortino Ratio | 3.42 | 2.32 |
| Omega Ratio | 1.49 | 1.29 |
| Calmar Ratio | 3.71 | 0.81 |
| Martin Ratio | 15.48 | 7.90 |
| Ulcer Index | 2.44% | 3.10% |
| Daily Std Dev | 14.42% | 15.35% |
| Max Drawdown | -56.03% | -71.06% |
| Current Drawdown | 0.00% | -12.87% |
Correlation
The correlation between FMILX and FEMKX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FMILX vs. FEMKX - Performance Comparison
In the year-to-date period, FMILX achieves a 30.55% return, which is significantly higher than FEMKX's 15.96% return. Over the past 10 years, FMILX has underperformed FEMKX with an annualized return of 6.05%, while FEMKX has yielded a comparatively higher 6.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMILX vs. FEMKX - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is lower than FEMKX's 0.88% expense ratio.
Risk-Adjusted Performance
FMILX vs. FEMKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Fidelity Emerging Markets (FEMKX). 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.
Dividends
FMILX vs. FEMKX - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 0.23%, less than FEMKX's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.23% | 0.30% | 1.63% | 2.04% | 1.59% | 0.97% | 1.25% | 0.90% | 1.18% | 1.03% | 9.39% | 5.63% |
FEMKX Fidelity Emerging Markets | 0.95% | 1.11% | 0.77% | 1.06% | 0.20% | 1.71% | 0.81% | 0.49% | 0.67% | 0.51% | 1.24% | 0.08% |
Drawdowns
FMILX vs. FEMKX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, smaller than the maximum FEMKX drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for FMILX and FEMKX. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. FEMKX - Volatility Comparison
The current volatility for Fidelity New Millennium Fund (FMILX) is 4.13%, while Fidelity Emerging Markets (FEMKX) has a volatility of 4.52%. This indicates that FMILX experiences smaller price fluctuations and is considered to be less risky than FEMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.