JEMSX vs. FEDAX
Compare and contrast key facts about JPMorgan Emerging Markets Equity Fund Class I (JEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
JEMSX is managed by JPMorgan. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
JEMSX vs. FEDAX - Performance Comparison
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JEMSX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 4.16% | 40.13% | 3.39% | 7.21% | -25.77% | -10.36% | 34.73% | 31.96% | -16.02% | 42.49% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 6.04% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, JEMSX achieves a 4.16% return, which is significantly lower than FEDAX's 6.04% return. Both investments have delivered pretty close results over the past 10 years, with JEMSX having a 9.37% annualized return and FEDAX not far ahead at 9.43%.
JEMSX
- 1D
- 3.16%
- 1M
- -8.45%
- YTD
- 4.16%
- 6M
- 9.01%
- 1Y
- 39.91%
- 3Y*
- 15.49%
- 5Y*
- 1.53%
- 10Y*
- 9.37%
FEDAX
- 1D
- 1.87%
- 1M
- -6.14%
- YTD
- 6.04%
- 6M
- 11.58%
- 1Y
- 36.29%
- 3Y*
- 15.34%
- 5Y*
- 7.53%
- 10Y*
- 9.43%
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JEMSX vs. FEDAX - Expense Ratio Comparison
JEMSX has a 0.99% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
JEMSX vs. FEDAX — Risk / Return Rank
JEMSX
FEDAX
JEMSX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund Class I (JEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| JEMSX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.60 | -0.56 |
Sortino ratioReturn per unit of downside risk | 2.65 | 3.23 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.49 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.64 | -0.46 |
Martin ratioReturn relative to average drawdown | 12.72 | 14.09 | -1.37 |
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
| JEMSX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.60 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.54 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.60 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.50 | -0.23 |
Correlation
The correlation between JEMSX and FEDAX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JEMSX vs. FEDAX - Dividend Comparison
JEMSX's dividend yield for the trailing twelve months is around 1.21%, less than FEDAX's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 1.21% | 1.26% | 1.41% | 1.45% | 0.37% | 3.80% | 0.09% | 0.76% | 0.87% | 0.39% | 0.66% | 0.67% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.31% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
JEMSX vs. FEDAX - Drawdown Comparison
The maximum JEMSX drawdown since its inception was -62.07%, which is greater than FEDAX's maximum drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for JEMSX and FEDAX.
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Drawdown Indicators
| JEMSX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.07% | -43.35% | -18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -9.95% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -44.92% | -27.68% | -17.24% |
Max Drawdown (10Y)Largest decline over 10 years | -49.59% | -43.35% | -6.24% |
Current DrawdownCurrent decline from peak | -9.80% | -7.90% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -9.06% | -12.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.57% | +0.57% |
Volatility
JEMSX vs. FEDAX - Volatility Comparison
JPMorgan Emerging Markets Equity Fund Class I (JEMSX) has a higher volatility of 9.78% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.78%. This indicates that JEMSX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEMSX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 6.78% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 9.91% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.92% | 14.46% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 14.01% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 15.68% | +3.56% |