FPBFX vs. FEMKX
Compare and contrast key facts about Fidelity Pacific Basin Fund (FPBFX) and Fidelity Emerging Markets (FEMKX).
FPBFX is managed by Fidelity. It was launched on Oct 1, 1986. FEMKX is managed by Fidelity. It was launched on Nov 1, 1990.
Performance
FPBFX vs. FEMKX - Performance Comparison
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FPBFX vs. FEMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPBFX Fidelity Pacific Basin Fund | 4.80% | 37.15% | 9.26% | 14.07% | -23.71% | 2.28% | 32.92% | 32.21% | -18.08% | 40.06% |
FEMKX Fidelity Emerging Markets | 0.94% | 31.02% | 7.12% | 15.16% | -27.48% | 1.25% | 32.56% | 33.67% | -18.03% | 46.92% |
Returns By Period
In the year-to-date period, FPBFX achieves a 4.80% return, which is significantly higher than FEMKX's 0.94% return. Over the past 10 years, FPBFX has outperformed FEMKX with an annualized return of 11.36%, while FEMKX has yielded a comparatively lower 9.95% annualized return.
FPBFX
- 1D
- 4.02%
- 1M
- -6.88%
- YTD
- 4.80%
- 6M
- 4.92%
- 1Y
- 38.92%
- 3Y*
- 17.67%
- 5Y*
- 6.30%
- 10Y*
- 11.36%
FEMKX
- 1D
- 3.47%
- 1M
- -7.65%
- YTD
- 0.94%
- 6M
- 4.32%
- 1Y
- 32.96%
- 3Y*
- 14.61%
- 5Y*
- 2.97%
- 10Y*
- 9.95%
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FPBFX vs. FEMKX - Expense Ratio Comparison
FPBFX has a 1.04% expense ratio, which is higher than FEMKX's 0.88% expense ratio.
Return for Risk
FPBFX vs. FEMKX — Risk / Return Rank
FPBFX
FEMKX
FPBFX vs. FEMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Pacific Basin Fund (FPBFX) 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.
| FPBFX | FEMKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.74 | +0.10 |
Sortino ratioReturn per unit of downside risk | 2.40 | 2.35 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.53 | +0.33 |
Martin ratioReturn relative to average drawdown | 10.85 | 9.48 | +1.37 |
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
| FPBFX | FEMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.74 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.16 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.54 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.30 | +0.12 |
Correlation
The correlation between FPBFX and FEMKX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPBFX vs. FEMKX - Dividend Comparison
FPBFX's dividend yield for the trailing twelve months is around 7.82%, more than FEMKX's 0.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPBFX Fidelity Pacific Basin Fund | 7.82% | 8.19% | 5.99% | 5.36% | 8.76% | 14.97% | 4.45% | 0.75% | 10.88% | 4.36% | 2.38% | 3.61% |
FEMKX Fidelity Emerging Markets | 0.05% | 0.05% | 0.65% | 1.11% | 0.77% | 6.00% | 1.39% | 1.71% | 0.83% | 0.08% | 0.67% | 0.51% |
Drawdowns
FPBFX vs. FEMKX - Drawdown Comparison
The maximum FPBFX drawdown since its inception was -69.06%, roughly equal to the maximum FEMKX drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for FPBFX and FEMKX.
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Drawdown Indicators
| FPBFX | FEMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.06% | -71.14% | +2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -13.00% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -37.97% | -40.88% | +2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -39.85% | -43.24% | +3.39% |
Current DrawdownCurrent decline from peak | -8.72% | -9.98% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -26.06% | +8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.47% | +0.02% |
Volatility
FPBFX vs. FEMKX - Volatility Comparison
Fidelity Pacific Basin Fund (FPBFX) and Fidelity Emerging Markets (FEMKX) have volatilities of 10.35% and 10.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPBFX | FEMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 10.00% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 14.52% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 19.57% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 18.53% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 18.44% | -0.94% |