FSAMX vs. IEMG
Compare and contrast key facts about Strategic Advisers Emerging Markets Fund (FSAMX) and iShares Core MSCI Emerging Markets ETF (IEMG).
FSAMX is managed by Fidelity. It was launched on Sep 29, 2010. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012.
Performance
FSAMX vs. IEMG - Performance Comparison
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FSAMX vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAMX Strategic Advisers Emerging Markets Fund | 1.25% | 34.09% | 8.34% | 11.94% | -22.32% | -2.15% | 20.39% | 21.87% | -17.13% | 38.40% |
IEMG iShares Core MSCI Emerging Markets ETF | 3.76% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Returns By Period
In the year-to-date period, FSAMX achieves a 1.25% return, which is significantly lower than IEMG's 3.76% return. Both investments have delivered pretty close results over the past 10 years, with FSAMX having a 8.37% annualized return and IEMG not far behind at 8.23%.
FSAMX
- 1D
- -1.22%
- 1M
- -12.42%
- YTD
- 1.25%
- 6M
- 6.24%
- 1Y
- 31.93%
- 3Y*
- 15.98%
- 5Y*
- 3.91%
- 10Y*
- 8.37%
IEMG
- 1D
- 3.61%
- 1M
- -9.13%
- YTD
- 3.76%
- 6M
- 7.65%
- 1Y
- 33.09%
- 3Y*
- 16.07%
- 5Y*
- 4.37%
- 10Y*
- 8.23%
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FSAMX vs. IEMG - Expense Ratio Comparison
FSAMX has a 0.33% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Return for Risk
FSAMX vs. IEMG — Risk / Return Rank
FSAMX
IEMG
FSAMX vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Emerging Markets Fund (FSAMX) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| FSAMX | IEMG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.68 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.27 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.48 | -0.04 |
Martin ratioReturn relative to average drawdown | 9.86 | 9.61 | +0.25 |
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
| FSAMX | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.68 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.25 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.42 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.28 | -0.03 |
Correlation
The correlation between FSAMX and IEMG is 0.92, 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
FSAMX vs. IEMG - Dividend Comparison
FSAMX's dividend yield for the trailing twelve months is around 2.35%, less than IEMG's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAMX Strategic Advisers Emerging Markets Fund | 2.35% | 2.38% | 2.53% | 2.57% | 2.64% | 3.04% | 0.99% | 2.09% | 1.67% | 1.30% | 1.22% | 1.35% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.65% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Drawdowns
FSAMX vs. IEMG - Drawdown Comparison
The maximum FSAMX drawdown since its inception was -40.87%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for FSAMX and IEMG.
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Drawdown Indicators
| FSAMX | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.87% | -38.71% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -13.21% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -38.64% | -35.93% | -2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -40.87% | -38.71% | -2.16% |
Current DrawdownCurrent decline from peak | -13.04% | -10.08% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -13.11% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.41% | +0.12% |
Volatility
FSAMX vs. IEMG - Volatility Comparison
The current volatility for Strategic Advisers Emerging Markets Fund (FSAMX) is 8.20%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 10.48%. This indicates that FSAMX experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAMX | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 10.48% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 14.67% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 19.78% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 17.91% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 19.84% | -2.12% |