FSEDX vs. EIDOX
Compare and contrast key facts about Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX).
FSEDX is managed by Fidelity. It was launched on Jan 24, 2021. EIDOX is a passively managed fund by Eaton Vance that tracks the performance of the J.P. Morgan EMB (JEMB) Hard Currency / Local Currency 50-50 Index. It was launched on Sep 3, 2015.
Performance
FSEDX vs. EIDOX - Performance Comparison
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FSEDX vs. EIDOX - 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% |
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 1.43% | 15.59% | 14.78% | 11.40% | -6.25% | 1.52% | 3.27% |
Returns By Period
In the year-to-date period, FSEDX achieves a -2.63% return, which is significantly lower than EIDOX's 1.43% return.
FSEDX
- 1D
- -0.22%
- 1M
- -6.00%
- YTD
- -2.63%
- 6M
- 0.78%
- 1Y
- 11.39%
- 3Y*
- 7.02%
- 5Y*
- 3.04%
- 10Y*
- —
EIDOX
- 1D
- -0.65%
- 1M
- -3.19%
- YTD
- 1.43%
- 6M
- 6.73%
- 1Y
- 14.99%
- 3Y*
- 13.64%
- 5Y*
- 7.66%
- 10Y*
- 7.71%
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FSEDX vs. EIDOX - Expense Ratio Comparison
FSEDX has a 0.00% expense ratio, which is lower than EIDOX's 0.79% expense ratio.
Return for Risk
FSEDX vs. EIDOX — Risk / Return Rank
FSEDX
EIDOX
FSEDX vs. EIDOX - 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 Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX). 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 | EIDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 4.16 | -2.18 |
Sortino ratioReturn per unit of downside risk | 2.71 | 5.72 | -3.02 |
Omega ratioGain probability vs. loss probability | 1.38 | 2.03 | -0.65 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.85 | -1.96 |
Martin ratioReturn relative to average drawdown | 8.62 | 15.67 | -7.04 |
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 | EIDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 4.16 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.67 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.65 | -1.38 |
Correlation
The correlation between FSEDX and EIDOX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSEDX vs. EIDOX - Dividend Comparison
FSEDX's dividend yield for the trailing twelve months is around 7.76%, less than EIDOX's 11.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 11.13% | 9.41% | 8.52% | 8.97% | 9.13% | 7.82% | 7.66% | 7.81% | 8.10% | 7.85% | 4.10% |
Drawdowns
FSEDX vs. EIDOX - Drawdown Comparison
The maximum FSEDX drawdown since its inception was -24.77%, which is greater than EIDOX's maximum drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for FSEDX and EIDOX.
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Drawdown Indicators
| FSEDX | EIDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -19.06% | -5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -3.56% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -17.42% | -5.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.06% | — |
Current DrawdownCurrent decline from peak | -6.10% | -3.56% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -2.50% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.88% | +0.46% |
Volatility
FSEDX vs. EIDOX - Volatility Comparison
Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) has a higher volatility of 3.26% compared to Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) at 1.85%. This indicates that FSEDX's price experiences larger fluctuations and is considered to be riskier than EIDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEDX | EIDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 1.85% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 2.69% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 3.59% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 4.61% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 4.76% | +2.90% |