FTMKX vs. JEMWX
FTMKX (Fidelity Advisor Focused Emerging Markets Fund Class M) and JEMWX (JPMorgan Emerging Markets Equity Fund Class R6) are both Emerging Markets Equities funds. Over the past 10 years, FTMKX returned 11.13%/yr vs 10.43%/yr for JEMWX. Their correlation of 0.92 means they have usually moved in the same direction. FTMKX charges 1.61%/yr vs 0.74%/yr for JEMWX.
Performance
FTMKX vs. JEMWX - Performance Comparison
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Returns By Period
In the year-to-date period, FTMKX achieves a 23.48% return, which is significantly lower than JEMWX's 26.61% return. Over the past 10 years, FTMKX has outperformed JEMWX with an annualized return of 11.13%, while JEMWX has yielded a comparatively lower 10.43% annualized return.
FTMKX
- 1D
- 1.69%
- 1M
- -3.34%
- 6M
- 11.46%
- YTD
- 23.48%
- 1Y
- 42.51%
- 3Y*
- 23.64%
- 5Y*
- 8.93%
- 10Y*
- 11.13%
- ALL TIME*
- 8.87%
JEMWX
- 1D
- 1.81%
- 1M
- -3.81%
- 6M
- 15.59%
- YTD
- 26.61%
- 1Y
- 50.13%
- 3Y*
- 22.64%
- 5Y*
- 5.99%
- 10Y*
- 10.43%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FTMKX vs. JEMWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTMKX Fidelity Advisor Focused Emerging Markets Fund Class M | 23.48% | 39.38% | 8.73% | 7.84% | -20.29% | -3.19% | 29.65% | 28.95% | -18.56% | 46.33% |
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 26.61% | 40.40% | 3.61% | 7.42% | -25.61% | -10.20% | 35.00% | 32.20% | -15.82% | 42.84% |
Correlation
The correlation between FTMKX and JEMWX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.92 |
The correlation between FTMKX and JEMWX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
FTMKX vs. JEMWX — Risk / Return Rank
FTMKX
JEMWX
FTMKX vs. JEMWX - 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 JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX). 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.
| FTMKX | JEMWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.39 | -0.20 |
| Martin ratioReturn relative to average drawdown | 9.50 | 11.76 | -2.26 |
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Drawdowns
FTMKX vs. JEMWX - Drawdown Comparison
The maximum FTMKX drawdown since its inception was -70.17%, which is greater than JEMWX's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for FTMKX and JEMWX.
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Drawdown Indicators
| FTMKX | JEMWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.17% | -49.42% | -20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -14.85% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -15.01% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -37.17% | -43.28% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -42.43% | -49.42% | +6.99% |
Current DrawdownCurrent decline from peak | -7.47% | -7.21% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -17.27% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 4.27% | +0.33% |
Volatility
FTMKX vs. JEMWX - Volatility Comparison
The current volatility for Fidelity Advisor Focused Emerging Markets Fund Class M (FTMKX) is 8.38%, while JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) has a volatility of 9.99%. This indicates that FTMKX experiences smaller price fluctuations and is considered to be less risky than JEMWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTMKX | JEMWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 9.99% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 22.52% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 24.85% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 20.26% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 19.92% | -0.72% |
FTMKX vs. JEMWX - Expense Ratio Comparison
FTMKX has a 1.61% expense ratio, which is higher than JEMWX's 0.74% expense ratio.
Dividends
FTMKX vs. JEMWX - Dividend Comparison
FTMKX's dividend yield for the trailing twelve months is around 0.84%, less than JEMWX's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTMKX Fidelity Advisor Focused Emerging Markets Fund Class M | 0.84% | 1.04% | 0.78% | 0.98% | 0.47% | 4.58% | 1.62% | 10.48% | 0.00% | 0.08% | 0.00% | 0.00% |
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 1.12% | 1.42% | 1.63% | 1.67% | 0.67% | 4.01% | 0.18% | 0.88% | 1.05% | 0.55% | 0.89% | 1.13% |
Frequently Asked Questions
With a correlation of 0.90, FTMKX and JEMWX 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.
JEMWX has higher volatility (9.99%) compared to FTMKX (8.38%). In terms of maximum drawdown, FTMKX dropped -70.17% vs JEMWX's -49.42%.
JEMWX currently has the higher Sharpe Ratio (2.03 vs 1.96), 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.
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