FSEDX vs. ELD
Compare and contrast key facts about Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and WisdomTree Emerging Markets Local Debt Fund (ELD).
FSEDX is managed by Fidelity. It was launched on Jan 24, 2021. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010.
Performance
FSEDX vs. ELD - Performance Comparison
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FSEDX vs. ELD - 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% |
ELD WisdomTree Emerging Markets Local Debt Fund | -3.30% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 4.16% |
Returns By Period
In the year-to-date period, FSEDX achieves a -2.63% return, which is significantly higher than ELD's -3.30% return.
FSEDX
- 1D
- -0.22%
- 1M
- -6.00%
- YTD
- -2.63%
- 6M
- 0.78%
- 1Y
- 11.39%
- 3Y*
- 7.02%
- 5Y*
- 3.04%
- 10Y*
- —
ELD
- 1D
- 0.47%
- 1M
- -6.54%
- YTD
- -3.30%
- 6M
- -0.28%
- 1Y
- 10.08%
- 3Y*
- 6.57%
- 5Y*
- 2.35%
- 10Y*
- 2.39%
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FSEDX vs. ELD - Expense Ratio Comparison
FSEDX has a 0.00% expense ratio, which is lower than ELD's 0.55% expense ratio.
Return for Risk
FSEDX vs. ELD — Risk / Return Rank
FSEDX
ELD
FSEDX vs. ELD - 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 WisdomTree Emerging Markets Local Debt Fund (ELD). 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 | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 1.07 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.55 | +1.16 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.73 | +0.16 |
Martin ratioReturn relative to average drawdown | 8.62 | 7.27 | +1.35 |
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 | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.07 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.22 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.10 | +0.17 |
Correlation
The correlation between FSEDX and ELD is 0.74, 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
FSEDX vs. ELD - Dividend Comparison
FSEDX's dividend yield for the trailing twelve months is around 7.76%, more than ELD's 5.86% 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% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Drawdowns
FSEDX vs. ELD - Drawdown Comparison
The maximum FSEDX drawdown since its inception was -24.77%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for FSEDX and ELD.
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Drawdown Indicators
| FSEDX | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -31.92% | +7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -7.15% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -23.56% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -6.10% | -6.64% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -13.43% | +5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.70% | -0.36% |
Volatility
FSEDX vs. ELD - Volatility Comparison
The current volatility for Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) is 3.26%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 4.06%. This indicates that FSEDX experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEDX | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 4.06% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 5.92% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 9.66% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 10.83% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 11.27% | -3.61% |