JEMSX vs. FEDGX
JEMSX (JPMorgan Emerging Markets Equity Fund Class I) and FEDGX (Fidelity Advisor Emerging Markets Discovery Fund Class C) are both Emerging Markets Equities funds. Over the past 10 years, JEMSX returned 10.20%/yr vs 9.02%/yr for FEDGX. Their correlation of 0.84 means they have usually moved in the same direction. JEMSX charges 0.99%/yr vs 2.25%/yr for FEDGX.
Performance
JEMSX vs. FEDGX - Performance Comparison
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Returns By Period
In the year-to-date period, JEMSX achieves a 26.47% return, which is significantly higher than FEDGX's 20.75% return. Over the past 10 years, JEMSX has outperformed FEDGX with an annualized return of 10.20%, while FEDGX has yielded a comparatively lower 9.02% annualized return.
JEMSX
- 1D
- 1.82%
- 1M
- -3.82%
- 6M
- 15.49%
- YTD
- 26.47%
- 1Y
- 49.84%
- 3Y*
- 22.40%
- 5Y*
- 5.78%
- 10Y*
- 10.20%
- ALL TIME*
- 6.06%
FEDGX
- 1D
- 2.05%
- 1M
- 0.00%
- 6M
- 10.62%
- YTD
- 20.75%
- 1Y
- 34.22%
- 3Y*
- 16.38%
- 5Y*
- 7.86%
- 10Y*
- 9.02%
- ALL TIME*
- 7.42%
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 |
JEMSX vs. FEDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 26.47% | 40.13% | 3.39% | 7.21% | -25.77% | -10.36% | 34.73% | 31.96% | -16.02% | 42.49% |
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 20.75% | 30.50% | -4.59% | 19.45% | -12.76% | 5.51% | 15.73% | 18.27% | -19.70% | 35.93% |
Correlation
The correlation between JEMSX and FEDGX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.84 |
The correlation between JEMSX and FEDGX has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
JEMSX vs. FEDGX — Risk / Return Rank
JEMSX
FEDGX
JEMSX vs. FEDGX - 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 C (FEDGX). 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.
| JEMSX | FEDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.67 | -0.30 |
| Martin ratioReturn relative to average drawdown | 11.67 | 12.31 | -0.65 |
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Drawdowns
JEMSX vs. FEDGX - Drawdown Comparison
The maximum JEMSX drawdown since its inception was -62.07%, which is greater than FEDGX's maximum drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for JEMSX and FEDGX.
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Drawdown Indicators
| JEMSX | FEDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.07% | -44.26% | -17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -9.66% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -17.77% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -43.40% | -28.29% | -15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -49.59% | -44.26% | -5.33% |
Current DrawdownCurrent decline from peak | -7.22% | -0.84% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -21.60% | -9.45% | -12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 2.87% | +1.41% |
Volatility
JEMSX vs. FEDGX - Volatility Comparison
JPMorgan Emerging Markets Equity Fund Class I (JEMSX) has a higher volatility of 9.97% compared to Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) at 5.70%. This indicates that JEMSX's price experiences larger fluctuations and is considered to be riskier than FEDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEMSX | FEDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 5.70% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 22.51% | 13.24% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 15.17% | +9.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 14.46% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 15.82% | +4.11% |
JEMSX vs. FEDGX - Expense Ratio Comparison
JEMSX has a 0.99% expense ratio, which is lower than FEDGX's 2.25% expense ratio.
Dividends
JEMSX vs. FEDGX - Dividend Comparison
JEMSX's dividend yield for the trailing twelve months is around 0.99%, less than FEDGX's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 3.15% | 3.81% | 3.01% | 1.09% | 0.57% | 10.88% | 0.00% | 0.00% | 0.49% | 1.54% | 0.58% | 0.00% |
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 0.99% | 1.26% | 1.41% | 1.45% | 0.37% | 3.80% | 0.09% | 0.76% | 0.87% | 0.39% | 0.66% | 0.67% |
Frequently Asked Questions
JEMSX and FEDGX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEMSX has higher volatility (9.97%) compared to FEDGX (5.70%). In terms of maximum drawdown, JEMSX dropped -62.07% vs FEDGX's -44.26%.
FEDGX currently has the higher Sharpe Ratio (2.34 vs 2.02), 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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