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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNMIX or EMB.
Correlation
The correlation between FNMIX and EMB is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNMIX vs. EMB - Performance Comparison
Key characteristics
FNMIX:
1.32
EMB:
1.07
FNMIX:
1.85
EMB:
1.56
FNMIX:
1.26
EMB:
1.20
FNMIX:
1.30
EMB:
0.63
FNMIX:
5.17
EMB:
5.32
FNMIX:
1.47%
EMB:
1.57%
FNMIX:
5.77%
EMB:
7.78%
FNMIX:
-43.58%
EMB:
-34.70%
FNMIX:
-2.40%
EMB:
-4.88%
Returns By Period
In the year-to-date period, FNMIX achieves a 1.49% return, which is significantly lower than EMB's 2.88% return. Over the past 10 years, FNMIX has outperformed EMB with an annualized return of 2.96%, while EMB has yielded a comparatively lower 2.52% annualized return.
FNMIX
1.49%
-1.04%
1.82%
7.62%
4.59%
2.96%
EMB
2.88%
0.54%
2.05%
8.99%
3.14%
2.52%
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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.
Risk-Adjusted Performance
FNMIX vs. EMB — Risk-Adjusted Performance Rank
FNMIX
EMB
FNMIX vs. EMB - Risk-Adjusted Performance 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.
Dividends
FNMIX vs. EMB - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.80%, less than EMB's 5.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.80% | 4.71% | 5.15% | 5.15% | 4.10% | 4.06% | 4.87% | 4.98% | 5.78% | 6.49% | 5.42% | 6.68% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.50% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% |
Drawdowns
FNMIX vs. EMB - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -43.58%, 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. For additional features, visit the drawdowns tool.
Volatility
FNMIX vs. EMB - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 3.56%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 4.75%. 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.