FTKFX vs. EMXC
FTKFX (Fidelity Total Bond K6 Fund) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both funds - FTKFX is a Total Bond Market fund managed by Fidelity, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, FTKFX returned 0.63%/yr vs 12.14%/yr for EMXC. At a 0.11 correlation, their price movements are largely independent. FTKFX charges 0.30%/yr vs 0.49%/yr for EMXC.
Performance
FTKFX vs. EMXC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTKFX achieves a 0.69% return, which is significantly lower than EMXC's 37.25% return.
FTKFX
- 1D
- 0.57%
- 1M
- 1.30%
- YTD
- 0.69%
- 6M
- 1.27%
- 1Y
- 5.52%
- 3Y*
- 4.74%
- 5Y*
- 0.63%
- 10Y*
- —
EMXC
- 1D
- 0.55%
- 1M
- 6.57%
- YTD
- 37.25%
- 6M
- 42.23%
- 1Y
- 67.80%
- 3Y*
- 26.47%
- 5Y*
- 12.14%
- 10Y*
- —
FTKFX vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTKFX Fidelity Total Bond K6 Fund | 0.69% | 7.53% | 2.36% | 6.65% | -13.23% | -0.46% | 8.75% | 10.03% | -0.75% | 1.24% |
EMXC iShares MSCI Emerging Markets ex China ETF | 37.25% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
Correlation
The correlation between FTKFX and EMXC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.11 |
The correlation between FTKFX and EMXC shifts across timeframes, from 0.11 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTKFX vs. EMXC — Risk / Return Rank
FTKFX
EMXC
FTKFX vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond K6 Fund (FTKFX) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTKFX | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.55 | -2.58 |
| Martin ratioReturn relative to average drawdown | 5.65 | 17.51 | -11.86 |
Loading charts...
Drawdowns
FTKFX vs. EMXC - Drawdown Comparison
The maximum FTKFX drawdown since its inception was -17.81%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FTKFX and EMXC.
Loading charts...
Drawdown Indicators
| FTKFX | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -42.81% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -14.41% | +11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -19.12% | +13.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -28.91% | +11.10% |
Current DrawdownCurrent decline from peak | -1.22% | -4.12% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -10.17% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.74% | -2.76% |
Volatility
FTKFX vs. EMXC - Volatility Comparison
The current volatility for Fidelity Total Bond K6 Fund (FTKFX) is 1.38%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 12.83%. This indicates that FTKFX experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTKFX | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 12.83% | -11.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 21.90% | -18.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 23.90% | -19.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 18.00% | -12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 20.07% | -15.15% |
FTKFX vs. EMXC - Expense Ratio Comparison
FTKFX has a 0.30% expense ratio, which is lower than EMXC's 0.49% expense ratio.
Dividends
FTKFX vs. EMXC - Dividend Comparison
FTKFX's dividend yield for the trailing twelve months is around 4.61%, more than EMXC's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.05% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
FTKFX Fidelity Total Bond K6 Fund | 4.61% | 4.61% | 4.76% | 3.86% | 2.53% | 2.24% | 5.51% | 3.26% | 2.94% | 1.63% |
Frequently Asked Questions
FTKFX and EMXC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (12.83%) compared to FTKFX (1.38%). In terms of maximum drawdown, FTKFX dropped -17.81% vs EMXC's -42.81%.
EMXC currently has the higher Sharpe Ratio (2.74 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FTKFX and EMXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer