FSEDX vs. EMD
Compare and contrast key facts about Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and Western Asset Emerging Markets Debt Fund Inc (EMD).
FSEDX is managed by Fidelity. It was launched on Jan 24, 2021. EMD is managed by Franklin Templeton. It was launched on Jan 1, 2004.
Performance
FSEDX vs. EMD - Performance Comparison
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FSEDX vs. EMD - 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% |
EMD Western Asset Emerging Markets Debt Fund Inc | -5.14% | 23.41% | 16.23% | 12.23% | -20.78% | -0.32% | 3.87% |
Returns By Period
In the year-to-date period, FSEDX achieves a -2.63% return, which is significantly higher than EMD's -5.14% return.
FSEDX
- 1D
- -0.22%
- 1M
- -6.00%
- YTD
- -2.63%
- 6M
- 0.78%
- 1Y
- 11.39%
- 3Y*
- 7.02%
- 5Y*
- 3.04%
- 10Y*
- —
EMD
- 1D
- 2.08%
- 1M
- -10.21%
- YTD
- -5.14%
- 6M
- 0.38%
- 1Y
- 10.85%
- 3Y*
- 16.45%
- 5Y*
- 4.01%
- 10Y*
- 5.88%
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FSEDX vs. EMD - Expense Ratio Comparison
FSEDX has a 0.00% expense ratio, which is lower than EMD's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FSEDX vs. EMD — Risk / Return Rank
FSEDX
EMD
FSEDX vs. EMD - 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 Western Asset Emerging Markets Debt Fund Inc (EMD). 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 | EMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 0.76 | +1.22 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.04 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.15 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 0.88 | +1.01 |
Martin ratioReturn relative to average drawdown | 8.62 | 3.35 | +5.27 |
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 | EMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 0.76 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.25 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.34 | -0.07 |
Correlation
The correlation between FSEDX and EMD is 0.35, 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. EMD - Dividend Comparison
FSEDX's dividend yield for the trailing twelve months is around 7.76%, less than EMD's 11.51% 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% |
EMD Western Asset Emerging Markets Debt Fund Inc | 11.51% | 10.44% | 10.57% | 9.97% | 11.09% | 8.44% | 8.45% | 8.41% | 9.76% | 7.78% | 9.99% | 9.54% |
Drawdowns
FSEDX vs. EMD - Drawdown Comparison
The maximum FSEDX drawdown since its inception was -24.77%, smaller than the maximum EMD drawdown of -48.26%. Use the drawdown chart below to compare losses from any high point for FSEDX and EMD.
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Drawdown Indicators
| FSEDX | EMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -48.26% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -13.33% | +7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -40.43% | +17.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.44% | — |
Current DrawdownCurrent decline from peak | -6.10% | -11.53% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -8.83% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.51% | -2.17% |
Volatility
FSEDX vs. EMD - Volatility Comparison
The current volatility for Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) is 3.26%, while Western Asset Emerging Markets Debt Fund Inc (EMD) has a volatility of 6.05%. This indicates that FSEDX experiences smaller price fluctuations and is considered to be less risky than EMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEDX | EMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 6.05% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 9.65% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 14.38% | -8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 16.24% | -8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 18.29% | -10.63% |