FNMIX vs. EMB
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
FNMIX is managed by Fidelity. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007.
Performance
FNMIX vs. EMB - Performance Comparison
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FNMIX vs. EMB - 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% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | -1.61% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Returns By Period
In the year-to-date period, FNMIX achieves a -1.02% return, which is significantly higher than EMB's -1.61% return. Over the past 10 years, FNMIX has outperformed EMB with an annualized return of 3.90%, while EMB has yielded a comparatively lower 3.18% annualized return.
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%
EMB
- 1D
- 0.88%
- 1M
- -3.49%
- YTD
- -1.61%
- 6M
- 1.15%
- 1Y
- 9.10%
- 3Y*
- 8.35%
- 5Y*
- 1.77%
- 10Y*
- 3.18%
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FNMIX vs. EMB - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than EMB's 0.39% expense ratio.
Return for Risk
FNMIX vs. EMB — Risk / Return Rank
FNMIX
EMB
FNMIX vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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 | EMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.32 | +0.76 |
Sortino ratioReturn per unit of downside risk | 2.89 | 1.86 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.07 | +0.05 |
Martin ratioReturn relative to average drawdown | 9.40 | 8.46 | +0.94 |
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 | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.32 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.18 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.32 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.42 | +0.37 |
Correlation
The correlation between FNMIX and EMB 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. EMB - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.66%, less than EMB's 5.09% 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% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.09% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Drawdowns
FNMIX vs. EMB - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -42.76%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FNMIX and EMB.
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Drawdown Indicators
| FNMIX | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -34.70% | -8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -4.51% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -27.16% | -28.74% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -28.74% | +1.58% |
Current DrawdownCurrent decline from peak | -3.85% | -3.50% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -5.10% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.10% | +0.06% |
Volatility
FNMIX vs. EMB - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 1.70%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 3.12%. This indicates that FNMIX experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMIX | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.12% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 4.01% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 6.95% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 9.75% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.94% | -3.00% |