FNMIX vs. DLENX
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX).
FNMIX is managed by Fidelity. DLENX is an actively managed fund by DoubleLine. It was launched on Apr 6, 2010.
Performance
FNMIX vs. DLENX - Performance Comparison
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FNMIX vs. DLENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | -1.02% | 14.86% | 6.80% | 14.00% | -16.09% | -2.42% | 4.62% | 10.93% | -7.77% | 10.16% |
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | -1.03% | 8.11% | 7.92% | 9.36% | -15.50% | 1.71% | 4.66% | 11.71% | -3.54% | 8.31% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FNMIX having a -1.02% return and DLENX slightly lower at -1.03%. Both investments have delivered pretty close results over the past 10 years, with FNMIX having a 3.90% annualized return and DLENX not far behind at 3.78%.
FNMIX
- 1D
- -0.15%
- 1M
- -3.77%
- YTD
- -1.02%
- 6M
- 2.67%
- 1Y
- 10.54%
- 3Y*
- 10.89%
- 5Y*
- 3.53%
- 10Y*
- 3.90%
DLENX
- 1D
- 0.00%
- 1M
- -1.75%
- YTD
- -1.03%
- 6M
- -0.92%
- 1Y
- 4.35%
- 3Y*
- 7.54%
- 5Y*
- 1.65%
- 10Y*
- 3.78%
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FNMIX vs. DLENX - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is lower than DLENX's 1.18% expense ratio.
Return for Risk
FNMIX vs. DLENX — Risk / Return Rank
FNMIX
DLENX
FNMIX vs. DLENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX). 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.
| FNMIX | DLENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.65 | +0.44 |
Sortino ratioReturn per unit of downside risk | 2.89 | 2.07 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.53 | +0.59 |
Martin ratioReturn relative to average drawdown | 9.40 | 6.64 | +2.76 |
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
| FNMIX | DLENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.65 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.36 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.81 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.92 | -0.13 |
Correlation
The correlation between FNMIX and DLENX is 0.66, 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.
Dividends
FNMIX vs. DLENX - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.66%, less than DLENX's 4.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.66% | 5.07% | 4.71% | 5.15% | 3.93% | 3.48% | 4.06% | 4.87% | 4.98% | 5.77% | 6.93% | 4.95% |
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | 4.88% | 5.33% | 5.71% | 5.29% | 4.49% | 3.74% | 4.11% | 4.49% | 3.57% | 4.07% | 4.29% | 4.94% |
Drawdowns
FNMIX vs. DLENX - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -42.76%, which is greater than DLENX's maximum drawdown of -25.64%. Use the drawdown chart below to compare losses from any high point for FNMIX and DLENX.
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Drawdown Indicators
| FNMIX | DLENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -25.64% | -17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -2.77% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.16% | -25.64% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -25.64% | -1.52% |
Current DrawdownCurrent decline from peak | -3.85% | -1.83% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -3.65% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.64% | +0.52% |
Volatility
FNMIX vs. DLENX - Volatility Comparison
Fidelity New Markets Income Fund (FNMIX) has a higher volatility of 1.70% compared to DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) at 0.64%. This indicates that FNMIX's price experiences larger fluctuations and is considered to be riskier than DLENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMIX | DLENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.64% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 1.36% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 2.59% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 4.56% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 4.66% | +2.28% |