FSEDX vs. AGEYX
Compare and contrast key facts about Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and American Beacon Developing World Income Fund Class Y (AGEYX).
FSEDX is managed by Fidelity. It was launched on Jan 24, 2021. AGEYX is a passively managed fund by American Beacon that tracks the performance of the JPMorgan® EMBI Global Diversified Index. It was launched on Feb 25, 2014.
Performance
FSEDX vs. AGEYX - Performance Comparison
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FSEDX vs. AGEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSEDX Fidelity Series Emerging Markets Debt Local Currency Fund | -2.63% | 19.49% | -2.54% | 13.58% | -7.94% | -9.28% | 3.54% |
AGEYX American Beacon Developing World Income Fund Class Y | 1.59% | 19.15% | 15.85% | 13.10% | -12.62% | 6.91% | 2.83% |
Returns By Period
In the year-to-date period, FSEDX achieves a -2.63% return, which is significantly lower than AGEYX's 1.59% return.
FSEDX
- 1D
- -0.22%
- 1M
- -6.00%
- YTD
- -2.63%
- 6M
- 0.78%
- 1Y
- 11.39%
- 3Y*
- 7.02%
- 5Y*
- 3.04%
- 10Y*
- —
AGEYX
- 1D
- -0.53%
- 1M
- -3.02%
- YTD
- 1.59%
- 6M
- 7.64%
- 1Y
- 18.64%
- 3Y*
- 16.31%
- 5Y*
- 8.13%
- 10Y*
- 7.77%
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FSEDX vs. AGEYX - Expense Ratio Comparison
FSEDX has a 0.00% expense ratio, which is lower than AGEYX's 1.14% expense ratio.
Return for Risk
FSEDX vs. AGEYX — Risk / Return Rank
FSEDX
AGEYX
FSEDX vs. AGEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and American Beacon Developing World Income Fund Class Y (AGEYX). 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.
| FSEDX | AGEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 3.96 | -1.99 |
Sortino ratioReturn per unit of downside risk | 2.71 | 5.44 | -2.73 |
Omega ratioGain probability vs. loss probability | 1.38 | 2.04 | -0.66 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 4.15 | -2.26 |
Martin ratioReturn relative to average drawdown | 8.62 | 21.19 | -12.57 |
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
| FSEDX | AGEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 3.96 | -1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.60 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.31 | -1.04 |
Correlation
The correlation between FSEDX and AGEYX is 0.40, 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.
Dividends
FSEDX vs. AGEYX - Dividend Comparison
FSEDX's dividend yield for the trailing twelve months is around 7.76%, less than AGEYX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEDX Fidelity Series Emerging Markets Debt Local Currency Fund | 7.76% | 6.97% | 6.92% | 5.14% | 0.00% | 3.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGEYX American Beacon Developing World Income Fund Class Y | 9.85% | 9.99% | 12.16% | 9.64% | 7.50% | 7.90% | 7.34% | 8.61% | 9.88% | 7.30% | 8.43% | 7.03% |
Drawdowns
FSEDX vs. AGEYX - Drawdown Comparison
The maximum FSEDX drawdown since its inception was -24.77%, which is greater than AGEYX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for FSEDX and AGEYX.
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Drawdown Indicators
| FSEDX | AGEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -22.24% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -4.14% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -22.24% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.24% | — |
Current DrawdownCurrent decline from peak | -6.10% | -3.15% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -3.59% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.86% | +0.48% |
Volatility
FSEDX vs. AGEYX - Volatility Comparison
Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) has a higher volatility of 3.26% compared to American Beacon Developing World Income Fund Class Y (AGEYX) at 1.74%. This indicates that FSEDX's price experiences larger fluctuations and is considered to be riskier than AGEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEDX | AGEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 1.74% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 2.84% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 4.65% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 5.12% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 5.00% | +2.66% |