FSEAX vs. EEMA
FSEAX (Fidelity Emerging Asia Fund) and EEMA (iShares MSCI Emerging Markets Asia ETF) are both Asia Pacific Equities funds. Over the past 10 years, FSEAX returned 16.05%/yr vs 10.66%/yr for EEMA. Their correlation of 0.86 suggests significant overlap in exposure. FSEAX charges 1.02%/yr vs 0.50%/yr for EEMA.
Performance
FSEAX vs. EEMA - Performance Comparison
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Returns By Period
In the year-to-date period, FSEAX achieves a 38.36% return, which is significantly higher than EEMA's 26.70% return. Over the past 10 years, FSEAX has outperformed EEMA with an annualized return of 16.05%, while EEMA has yielded a comparatively lower 10.66% annualized return.
FSEAX
- 1D
- -0.87%
- 1M
- 9.24%
- YTD
- 38.36%
- 6M
- 43.07%
- 1Y
- 71.11%
- 3Y*
- 34.86%
- 5Y*
- 8.30%
- 10Y*
- 16.05%
EEMA
- 1D
- -0.85%
- 1M
- 6.12%
- YTD
- 26.70%
- 6M
- 30.29%
- 1Y
- 53.35%
- 3Y*
- 23.94%
- 5Y*
- 6.86%
- 10Y*
- 10.66%
FSEAX vs. EEMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSEAX Fidelity Emerging Asia Fund | 38.36% | 36.43% | 21.80% | 13.58% | -31.26% | -14.91% | 73.43% | 30.97% | -15.08% | 45.13% |
EEMA iShares MSCI Emerging Markets Asia ETF | 26.70% | 33.27% | 10.23% | 6.57% | -21.49% | -4.22% | 25.17% | 18.60% | -15.76% | 43.41% |
Correlation
The correlation between FSEAX and EEMA is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2012 | 0.86 |
The correlation between FSEAX and EEMA has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
FSEAX vs. EEMA — Risk / Return Rank
FSEAX
EEMA
FSEAX vs. EEMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Asia Fund (FSEAX) and iShares MSCI Emerging Markets Asia ETF (EEMA). 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.
| FSEAX | EEMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.48 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.49 | 3.75 | +1.75 |
| Martin ratioReturn relative to average drawdown | 20.02 | 14.12 | +5.91 |
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
| FSEAX | EEMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.76 | 2.63 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.34 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.51 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.37 | +0.06 |
Drawdowns
FSEAX vs. EEMA - Drawdown Comparison
The maximum FSEAX drawdown since its inception was -65.59%, which is greater than EEMA's maximum drawdown of -44.18%. Use the drawdown chart below to compare losses from any high point for FSEAX and EEMA.
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Drawdown Indicators
| FSEAX | EEMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -44.18% | -21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -14.30% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -20.23% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -53.64% | -40.67% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -58.07% | -44.18% | -13.89% |
Current DrawdownCurrent decline from peak | -0.87% | -2.01% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -24.68% | -13.97% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.79% | -0.12% |
Volatility
FSEAX vs. EEMA - Volatility Comparison
Fidelity Emerging Asia Fund (FSEAX) and iShares MSCI Emerging Markets Asia ETF (EEMA) have volatilities of 8.49% and 8.48%, 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
| FSEAX | EEMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 8.48% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.46% | 17.43% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 20.42% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.86% | 20.41% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 20.87% | +0.15% |
FSEAX vs. EEMA - Expense Ratio Comparison
FSEAX has a 1.02% expense ratio, which is higher than EEMA's 0.50% expense ratio.
Dividends
FSEAX vs. EEMA - Dividend Comparison
FSEAX's dividend yield for the trailing twelve months is around 0.16%, less than EEMA's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMA iShares MSCI Emerging Markets Asia ETF | 1.17% | 1.48% | 1.74% | 2.02% | 1.78% | 2.19% | 1.15% | 1.86% | 2.17% | 1.74% | 1.74% | 2.44% |
FSEAX Fidelity Emerging Asia Fund | 0.16% | 0.22% | 0.00% | 0.08% | 0.00% | 14.14% | 14.10% | 6.15% | 3.44% | 0.05% | 1.26% | 0.44% |
Frequently Asked Questions
FSEAX and EEMA have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSEAX has higher volatility (8.49%) compared to EEMA (8.48%). In terms of maximum drawdown, FSEAX dropped -65.59% vs EEMA's -44.18%.
FSEAX currently has the higher Sharpe Ratio (3.76 vs 2.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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