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JEMSX vs. FIQGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JEMSX vs. FIQGX

Last updated Apr 3, 2026

Compare and contrast key facts about JPMorgan Emerging Markets Equity Fund Class I (JEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX).

JEMSX is managed by JPMorgan. FIQGX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

JEMSX vs. FIQGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Equity Fund Class I (JEMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX). The values are adjusted to include any dividend payments, if applicable.

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JEMSX vs. FIQGX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JEMSX
JPMorgan Emerging Markets Equity Fund Class I		5.91%40.13%3.39%7.21%-25.77%-10.36%34.73%31.96%-0.92%
FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z		7.30%31.96%-3.54%20.94%-11.74%6.86%17.11%19.81%-1.18%

Returns By Period

In the year-to-date period, JEMSX achieves a 5.91% return, which is significantly lower than FIQGX's 7.30% return.

JEMSX

1D
1.68%
1M
-2.11%
YTD
5.91%
6M
10.14%
1Y
42.04%
3Y*
16.13%
5Y*
1.87%
10Y*
9.55%

FIQGX

1D
1.08%
1M
-1.58%
YTD
7.30%
6M
13.23%
1Y
37.53%
3Y*
16.21%
5Y*
8.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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JPMorgan Emerging Markets Equity Fund Class I

Fidelity Advisor Emerging Markets Discovery Fund Class Z

Often compared with JEMSX:
JEMSX vs. VEMAXJEMSX vs. VUGJEMSX vs. BBCPXJEMSX vs. CNWIXJEMSX vs. DEMAXJEMSX vs. EMFJEMSX vs. FEDAX
Often compared with FIQGX:
FIQGX vs. FEDDXFIQGX vs. FEDAXFIQGX vs. PZIEXFIQGX vs. JEMWXFIQGX vs. CNWIXFIQGX vs. ODVIXFIQGX vs. VEIEX

JEMSX vs. FIQGX - Expense Ratio Comparison

JEMSX has a 0.99% expense ratio, which is lower than FIQGX's 1.05% expense ratio.

FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z
JEMSX
JPMorgan Emerging Markets Equity Fund Class I

Return for Risk

JEMSX vs. FIQGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JEMSX
JEMSX Risk / Return Rank: 9292
Overall Rank
JEMSX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
JEMSX Sortino Ratio Rank: 9090
Sortino Ratio Rank
JEMSX Omega Ratio Rank: 8888
Omega Ratio Rank
JEMSX Calmar Ratio Rank: 9494
Calmar Ratio Rank
JEMSX Martin Ratio Rank: 9494
Martin Ratio Rank
FIQGX
FIQGX Risk / Return Rank: 9696
Overall Rank
FIQGX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FIQGX Sortino Ratio Rank: 9595
Sortino Ratio Rank
FIQGX Omega Ratio Rank: 9494
Omega Ratio Rank
FIQGX Calmar Ratio Rank: 9696
Calmar Ratio Rank
FIQGX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

JEMSX vs. FIQGX - 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 Z (FIQGX). 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.

JEMSXFIQGXDifference

Sharpe ratio

Return per unit of total volatility

2.13

2.67

-0.54

Sortino ratio

Return per unit of downside risk

2.74

3.31

-0.57

Omega ratio

Gain probability vs. loss probability

1.40

1.51

-0.10

Calmar ratio

Return relative to maximum drawdown

3.41

3.96

-0.55

Martin ratio

Return relative to average drawdown

13.46

15.23

-1.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEMSX vs. FIQGX - Sharpe Ratio Comparison

The current JEMSX Sharpe Ratio is 2.13, which is comparable to the FIQGX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of JEMSX and FIQGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JEMSXFIQGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

2.67

-0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.10

0.59

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.65

-0.38

Correlation

The correlation between JEMSX and FIQGX is 0.85, 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. FIQGX - Dividend Comparison

JEMSX's dividend yield for the trailing twelve months is around 1.19%, less than FIQGX's 4.54% yield.

TTM20252024202320222021202020192018201720162015
JEMSX
JPMorgan Emerging Markets Equity Fund Class I		1.19%1.26%1.41%1.45%0.37%3.80%0.09%0.76%0.87%0.39%0.66%0.67%
FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z		4.54%4.87%4.07%2.20%1.86%12.04%0.71%1.22%2.16%0.00%0.00%0.00%

Drawdowns

JEMSX vs. FIQGX - Drawdown Comparison

The maximum JEMSX drawdown since its inception was -62.07%, which is greater than FIQGX's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for JEMSX and FIQGX.

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Drawdown Indicators

JEMSXFIQGXDifference

Max Drawdown

Largest peak-to-trough decline

-62.07%

-38.41%

-23.66%

Max Drawdown (1Y)

Largest decline over 1 year

-12.57%

-9.55%

-3.02%

Max Drawdown (5Y)

Largest decline over 5 years

-44.92%

-27.36%

-17.56%

Max Drawdown (10Y)

Largest decline over 10 years

-49.59%

—

—

Current Drawdown

Current decline from peak

-8.28%

-6.84%

-1.44%

Average Drawdown

Average peak-to-trough decline

-21.79%

-7.02%

-14.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

2.59%

+0.60%

Volatility

JEMSX vs. FIQGX - Volatility Comparison

JPMorgan Emerging Markets Equity Fund Class I (JEMSX) has a higher volatility of 8.70% compared to Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) at 5.94%. This indicates that JEMSX's price experiences larger fluctuations and is considered to be riskier than FIQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JEMSXFIQGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.70%

5.94%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

14.80%

9.97%

+4.83%

Volatility (1Y)

Calculated over the trailing 1-year period

19.97%

14.45%

+5.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.91%

14.00%

+4.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.25%

16.77%

+2.48%