JEMWX vs. FHKFX
JEMWX (JPMorgan Emerging Markets Equity Fund Class R6) and FHKFX (Fidelity Series Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, JEMWX returned 5.77%/yr vs 7.54%/yr for FHKFX. Their correlation of 0.93 means they have usually moved in the same direction. JEMWX charges 0.74%/yr vs 0.01%/yr for FHKFX.
Performance
JEMWX vs. FHKFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JEMWX having a 21.14% return and FHKFX slightly lower at 20.27%.
JEMWX
- 1D
- 4.26%
- 1M
- -4.50%
- 6M
- 9.88%
- YTD
- 21.14%
- 1Y
- 45.84%
- 3Y*
- 19.69%
- 5Y*
- 5.77%
- 10Y*
- 10.03%
- ALL TIME*
- 8.08%
FHKFX
- 1D
- 4.05%
- 1M
- -3.49%
- 6M
- 8.95%
- YTD
- 20.27%
- 1Y
- 41.07%
- 3Y*
- 20.31%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 6.80%
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 |
JEMWX vs. FHKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 21.14% | 40.40% | 3.61% | 7.42% | -25.61% | -10.20% | 35.00% | 32.20% | -8.94% |
FHKFX Fidelity Series Emerging Markets Fund | 20.27% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
Correlation
The correlation between JEMWX and FHKFX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018 | 0.93 |
The correlation between JEMWX and FHKFX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
JEMWX vs. FHKFX — Risk / Return Rank
JEMWX
FHKFX
JEMWX vs. FHKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) 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.
| JEMWX | FHKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.67 | +0.25 |
| Martin ratioReturn relative to average drawdown | 10.38 | 8.71 | +1.67 |
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Drawdowns
JEMWX vs. FHKFX - Drawdown Comparison
The maximum JEMWX drawdown since its inception was -49.42%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for JEMWX and FHKFX.
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Drawdown Indicators
| JEMWX | FHKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.42% | -45.47% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -14.49% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -16.71% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -43.28% | -39.01% | -4.27% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | — | — |
Current DrawdownCurrent decline from peak | -11.22% | -11.03% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -17.01% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 4.43% | -0.26% |
Volatility
JEMWX vs. FHKFX - Volatility Comparison
JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) has a higher volatility of 10.64% compared to Fidelity Series Emerging Markets Fund (FHKFX) at 9.54%. This indicates that JEMWX's price experiences larger fluctuations and is considered to be riskier than FHKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEMWX | FHKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.64% | 9.54% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 22.39% | 21.41% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 23.69% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.23% | 19.95% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 20.18% | -0.28% |
JEMWX vs. FHKFX - Expense Ratio Comparison
JEMWX has a 0.74% expense ratio, which is higher than FHKFX's 0.01% expense ratio.
Dividends
JEMWX vs. FHKFX - Dividend Comparison
JEMWX's dividend yield for the trailing twelve months is around 1.17%, less than FHKFX's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 1.98% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% | 0.00% |
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 1.17% | 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 0.94, JEMWX 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.
JEMWX has higher volatility (10.64%) compared to FHKFX (9.54%). In terms of maximum drawdown, JEMWX dropped -49.42% vs FHKFX's -45.47%.
JEMWX currently has the higher Sharpe Ratio (1.75 vs 1.63), 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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