GTDDX vs. FHKFX

Last updated Aug 4, 2026

GTDDX (Invesco EQV Emerging Markets All Cap Fd) and FHKFX (Fidelity Series Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, GTDDX returned 7.97%/yr vs 7.88%/yr for FHKFX. Their correlation of 0.89 means they have usually moved in the same direction. GTDDX charges 1.39%/yr vs 0.01%/yr for FHKFX.

Performance

GTDDX vs. FHKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco EQV Emerging Markets All Cap Fd (GTDDX) and Fidelity Series Emerging Markets Fund (FHKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTDDX achieves a 33.29% return, which is significantly higher than FHKFX's 22.15% return.

GTDDX

• 1D: 2.21%
• 1M: -4.43%
• 6M: 20.94%
• YTD: 33.29%
• 1Y: 57.22%
• 3Y*: 18.79%
• 5Y*: 7.97%
• 10Y*: 8.46%
• ALL TIME*: 6.11%

FHKFX

• 1D: 1.56%
• 1M: -1.98%
• 6M: 10.56%
• YTD: 22.15%
• 1Y: 43.27%
• 3Y*: 21.30%
• 5Y*: 7.88%
• 10Y*: —
• ALL TIME*: 7.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHKFX Fidelity Series Emerging Markets Fund	$0.00	$0.00	$0.00
GTDDX Invesco EQV Emerging Markets All Cap Fd	$0.00	$0.00	$0.00

GTDDX vs. FHKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTDDX Invesco EQV Emerging Markets All Cap Fd	33.29%	29.88%	-0.66%	8.82%	-17.70%	-7.00%	17.19%	29.99%	-4.24%
FHKFX Fidelity Series Emerging Markets Fund	22.15%	38.51%	5.42%	12.10%	-24.50%	-4.15%	17.85%	9.64%	-8.52%

Correlation

The correlation between GTDDX and FHKFX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018	0.89

The correlation between GTDDX and FHKFX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

GTDDX vs. FHKFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTDDX

GTDDX Risk / Return Rank: 86
GTDDX Sharpe Ratio Rank: 91
GTDDX Sortino Ratio Rank: 81
GTDDX Omega Ratio Rank: 84
GTDDX Calmar Ratio Rank: 89
GTDDX Martin Ratio Rank: 85

FHKFX

FHKFX Risk / Return Rank: 71
FHKFX Sharpe Ratio Rank: 72
FHKFX Sortino Ratio Rank: 60
FHKFX Omega Ratio Rank: 70
FHKFX Calmar Ratio Rank: 83
FHKFX Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTDDX vs. FHKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Emerging Markets All Cap Fd (GTDDX) and Fidelity Series Emerging Markets Fund (FHKFX). 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.

	GTDDX	FHKFX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.76	+0.54
Sortino ratio: Return per unit of downside risk	2.88	2.28	+0.61
Omega ratio: Gain probability vs. loss probability	1.41	1.32	+0.09
Calmar ratio: Return relative to maximum drawdown	3.39	2.88	+0.51
Martin ratio: Return relative to average drawdown	11.29	9.33	+1.97

GTDDX vs. FHKFX - Sharpe Ratio Comparison

The current GTDDX Sharpe Ratio is 2.31, which is higher than the FHKFX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of GTDDX and FHKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GTDDX vs. FHKFX - Drawdown Comparison

The maximum GTDDX drawdown since its inception was -62.89%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for GTDDX and FHKFX.

Drawdown Indicators

	GTDDX	FHKFX	Difference
Max Drawdown Largest peak-to-trough decline	-62.89%	-45.47%	-17.42%
Max Drawdown (1Y) Largest decline over 1 year	-16.30%	-14.49%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-16.71%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-34.81%	-39.01%	+4.20%
Max Drawdown (10Y) Largest decline over 10 years	-39.58%	—	—
Current Drawdown Current decline from peak	-11.12%	-9.64%	-1.48%
Average Drawdown Average peak-to-trough decline	-18.69%	-17.01%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	4.47%	+0.41%

Volatility

GTDDX vs. FHKFX - Volatility Comparison

Invesco EQV Emerging Markets All Cap Fd (GTDDX) and Fidelity Series Emerging Markets Fund (FHKFX) have volatilities of 9.41% and 9.49%, 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

	GTDDX	FHKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	9.49%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	22.12%	21.46%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	24.00%	23.72%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	19.95%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	20.18%	-2.76%

GTDDX vs. FHKFX - Expense Ratio Comparison

GTDDX has a 1.39% expense ratio, which is higher than FHKFX's 0.01% expense ratio.

Dividends

GTDDX vs. FHKFX - Dividend Comparison

GTDDX's dividend yield for the trailing twelve months is around 15.85%, more than FHKFX's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKFX Fidelity Series Emerging Markets Fund	1.95%	2.38%	2.86%	2.43%	2.56%	3.46%	1.38%	2.28%	0.42%	0.00%	0.00%	0.00%
GTDDX Invesco EQV Emerging Markets All Cap Fd	15.85%	21.13%	1.16%	1.51%	1.17%	4.46%	5.05%	1.49%	1.53%	0.71%	0.86%	0.99%

Frequently Asked Questions

Can I hold both GTDDX and FHKFX in my portfolio?

With a correlation of 0.92, GTDDX and FHKFX 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, GTDDX or FHKFX?

FHKFX has higher volatility (9.49%) compared to GTDDX (9.41%). In terms of maximum drawdown, GTDDX dropped -62.89% vs FHKFX's -45.47%.

Which has better risk-adjusted returns?

GTDDX currently has the higher Sharpe Ratio (2.31 vs 1.76), 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.