FTMKX vs. FIMKX

Last updated Jun 5, 2026

FTMKX (Fidelity Advisor Focused Emerging Markets Fund Class M) and FIMKX (Fidelity Advisor Focused Emerging Markets Fund Class I) are both Emerging Markets Equities funds from Fidelity. Over the past 10 years, FTMKX returned 12.52%/yr vs 13.12%/yr for FIMKX. With a 1.00 correlation, they move nearly in lockstep. FTMKX charges 1.61%/yr vs 1.03%/yr for FIMKX.

Performance

FTMKX vs. FIMKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Focused Emerging Markets Fund Class M (FTMKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FTMKX having a 31.43% return and FIMKX slightly higher at 31.72%. Both investments have delivered pretty close results over the past 10 years, with FTMKX having a 12.52% annualized return and FIMKX not far ahead at 13.12%.

FTMKX

• 1D: -1.52%
• 1M: 10.07%
• YTD: 31.43%
• 6M: 34.88%
• 1Y: 65.33%
• 3Y*: 27.79%
• 5Y*: 8.48%
• 10Y*: 12.52%

FIMKX

• 1D: -1.51%
• 1M: 10.11%
• YTD: 31.72%
• 6M: 35.22%
• 1Y: 66.16%
• 3Y*: 28.45%
• 5Y*: 9.07%
• 10Y*: 13.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTMKX vs. FIMKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTMKX Fidelity Advisor Focused Emerging Markets Fund Class M	31.43%	39.38%	8.73%	7.84%	-20.29%	-3.19%	29.65%	28.95%	-18.56%	46.33%
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I	31.72%	40.06%	9.31%	8.44%	-19.82%	-2.63%	30.43%	29.75%	-18.06%	46.67%

Correlation

The correlation between FTMKX and FIMKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 31, 2004	1.00

The correlation between FTMKX and FIMKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FTMKX vs. FIMKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTMKX

FTMKX Risk / Return Rank: 93
FTMKX Sharpe Ratio Rank: 98
FTMKX Sortino Ratio Rank: 92
FTMKX Omega Ratio Rank: 91
FTMKX Calmar Ratio Rank: 92
FTMKX Martin Ratio Rank: 93

FIMKX

FIMKX Risk / Return Rank: 93
FIMKX Sharpe Ratio Rank: 97
FIMKX Sortino Ratio Rank: 92
FIMKX Omega Ratio Rank: 91
FIMKX Calmar Ratio Rank: 92
FIMKX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTMKX vs. FIMKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class M (FTMKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). 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.

	FTMKX	FIMKX	Difference
Sharpe ratio: Return per unit of total volatility	3.73	3.77	-0.05
Sortino ratio: Return per unit of downside risk	4.64	4.69	-0.05
Omega ratio: Gain probability vs. loss probability	1.68	1.69	-0.01
Calmar ratio: Return relative to maximum drawdown	4.90	4.97	-0.07
Martin ratio: Return relative to average drawdown	19.97	20.28	-0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTMKX vs. FIMKX - Sharpe Ratio Comparison

The current FTMKX Sharpe Ratio is 3.73, which is comparable to the FIMKX Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of FTMKX and FIMKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTMKX	FIMKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.73	3.77	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.48	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.70	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.46	-0.03

Drawdowns

FTMKX vs. FIMKX - Drawdown Comparison

The maximum FTMKX drawdown since its inception was -70.17%, roughly equal to the maximum FIMKX drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for FTMKX and FIMKX.

Drawdown Indicators

	FTMKX	FIMKX	Difference
Max Drawdown Largest peak-to-trough decline	-70.17%	-69.98%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-13.72%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.94%	-18.75%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-40.98%	-40.49%	-0.49%
Max Drawdown (10Y) Largest decline over 10 years	-42.43%	-41.85%	-0.58%
Current Drawdown Current decline from peak	-1.52%	-1.51%	-0.01%
Average Drawdown Average peak-to-trough decline	-20.98%	-19.85%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.35%	+0.01%

Volatility

FTMKX vs. FIMKX - Volatility Comparison

Fidelity Advisor Focused Emerging Markets Fund Class M (FTMKX) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) have volatilities of 8.16% and 8.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTMKX	FIMKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	8.16%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	15.53%	15.55%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	18.06%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	18.94%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	18.82%	+0.01%

FTMKX vs. FIMKX - Expense Ratio Comparison

FTMKX has a 1.61% expense ratio, which is higher than FIMKX's 1.03% expense ratio.

Dividends

FTMKX vs. FIMKX - Dividend Comparison

FTMKX's dividend yield for the trailing twelve months is around 0.79%, less than FIMKX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I	1.19%	1.57%	1.20%	1.60%	1.14%	5.19%	2.09%	10.86%	0.61%	0.10%	0.45%	0.19%
FTMKX Fidelity Advisor Focused Emerging Markets Fund Class M	0.79%	1.04%	0.78%	0.98%	0.47%	4.58%	1.62%	10.48%	0.00%	0.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTMKX and FIMKX in my portfolio?

With a correlation of 1.00, FTMKX and FIMKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTMKX or FIMKX?

FIMKX has higher volatility (8.16%) compared to FTMKX (8.16%). In terms of maximum drawdown, FTMKX dropped -70.17% vs FIMKX's -69.98%.

Which has better risk-adjusted returns?

FIMKX currently has the higher Sharpe Ratio (3.77 vs 3.73), 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.