FSEAX vs. EWY
Compare and contrast key facts about Fidelity Emerging Asia Fund (FSEAX) and iShares MSCI South Korea ETF (EWY).
FSEAX is managed by Fidelity. It was launched on Apr 19, 1993. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000.
Performance
FSEAX vs. EWY - Performance Comparison
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FSEAX vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSEAX Fidelity Emerging Asia Fund | 0.63% | 36.43% | 21.80% | 13.58% | -31.26% | -14.91% | 73.43% | 30.97% | -15.08% | 45.13% |
EWY iShares MSCI South Korea ETF | 26.53% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Returns By Period
In the year-to-date period, FSEAX achieves a 0.63% return, which is significantly lower than EWY's 26.53% return. Over the past 10 years, FSEAX has outperformed EWY with an annualized return of 12.43%, while EWY has yielded a comparatively lower 11.06% annualized return.
FSEAX
- 1D
- -1.14%
- 1M
- -12.47%
- YTD
- 0.63%
- 6M
- 2.04%
- 1Y
- 33.51%
- 3Y*
- 20.81%
- 5Y*
- 2.18%
- 10Y*
- 12.43%
EWY
- 1D
- 5.65%
- 1M
- -18.74%
- YTD
- 26.53%
- 6M
- 57.02%
- 1Y
- 132.74%
- 3Y*
- 29.24%
- 5Y*
- 8.53%
- 10Y*
- 11.06%
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FSEAX vs. EWY - Expense Ratio Comparison
FSEAX has a 1.02% expense ratio, which is higher than EWY's 0.59% expense ratio.
Return for Risk
FSEAX vs. EWY — Risk / Return Rank
FSEAX
EWY
FSEAX vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Asia Fund (FSEAX) and iShares MSCI South Korea ETF (EWY). 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 | EWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 3.68 | -2.07 |
Sortino ratioReturn per unit of downside risk | 2.15 | 3.87 | -1.72 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.55 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 5.61 | -3.38 |
Martin ratioReturn relative to average drawdown | 8.05 | 22.88 | -14.83 |
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 | EWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 3.68 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.32 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.42 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.27 | +0.12 |
Correlation
The correlation between FSEAX and EWY is 0.72, 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
FSEAX vs. EWY - Dividend Comparison
FSEAX's dividend yield for the trailing twelve months is around 0.21%, less than EWY's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEAX Fidelity Emerging Asia Fund | 0.21% | 0.22% | 0.00% | 0.08% | 0.00% | 14.14% | 14.10% | 6.15% | 3.44% | 0.05% | 1.26% | 0.44% |
EWY iShares MSCI South Korea ETF | 1.66% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
Drawdowns
FSEAX vs. EWY - Drawdown Comparison
The maximum FSEAX drawdown since its inception was -65.59%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for FSEAX and EWY.
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Drawdown Indicators
| FSEAX | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -74.14% | +8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -23.08% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -53.64% | -48.55% | -5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -58.07% | -49.73% | -8.34% |
Current DrawdownCurrent decline from peak | -13.42% | -18.74% | +5.32% |
Average DrawdownAverage peak-to-trough decline | -24.80% | -20.23% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 5.66% | -1.95% |
Volatility
FSEAX vs. EWY - Volatility Comparison
The current volatility for Fidelity Emerging Asia Fund (FSEAX) is 9.42%, while iShares MSCI South Korea ETF (EWY) has a volatility of 22.66%. This indicates that FSEAX experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEAX | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 22.66% | -13.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 31.11% | -16.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 36.32% | -16.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 26.61% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 26.19% | -5.44% |