JFEAX vs. FFEM

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Developed International Value Fund Class A (JFEAX) and Fidelity Fundamental Emerging Markets ETF (FFEM).

JFEAX is an actively managed fund by JPMorgan. It was launched on Sep 28, 2001. FFEM is managed by Fidelity.

Performance

JFEAX vs. FFEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Developed International Value Fund Class A (JFEAX) and Fidelity Fundamental Emerging Markets ETF (FFEM). The values are adjusted to include any dividend payments, if applicable.

JFEAX vs. FFEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JFEAX JPMorgan Developed International Value Fund Class A	1.92%	48.02%	-0.19%
FFEM Fidelity Fundamental Emerging Markets ETF	6.04%	40.03%	-2.27%

Returns By Period

In the year-to-date period, JFEAX achieves a 1.92% return, which is significantly lower than FFEM's 6.04% return.

JFEAX

• 1D: 0.55%
• 1M: -9.54%
• YTD: 1.92%
• 6M: 10.65%
• 1Y: 33.15%
• 3Y*: 22.80%
• 5Y*: 14.22%
• 10Y*: 9.78%

FFEM

• 1D: 4.43%
• 1M: -8.84%
• YTD: 6.04%
• 6M: 12.60%
• 1Y: 41.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JFEAX vs. FFEM - Expense Ratio Comparison

JFEAX has a 1.00% expense ratio, which is higher than FFEM's 0.60% expense ratio.

JFEAX

JPMorgan Developed International Value Fund Class A

FFEM

Fidelity Fundamental Emerging Markets ETF

Return for Risk

JFEAX vs. FFEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JFEAX

JFEAX Risk / Return Rank: 90
JFEAX Sharpe Ratio Rank: 92
JFEAX Sortino Ratio Rank: 89
JFEAX Omega Ratio Rank: 89
JFEAX Calmar Ratio Rank: 90
JFEAX Martin Ratio Rank: 91

FFEM

FFEM Risk / Return Rank: 89
FFEM Sharpe Ratio Rank: 89
FFEM Sortino Ratio Rank: 89
FFEM Omega Ratio Rank: 89
FFEM Calmar Ratio Rank: 90
FFEM Martin Ratio Rank: 90

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.

JFEAX vs. FFEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Developed International Value Fund Class A (JFEAX) and Fidelity Fundamental Emerging Markets ETF (FFEM). 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.

	JFEAX	FFEM	Difference
Sharpe ratio Return per unit of total volatility	1.98	1.90	+0.08
Sortino ratio Return per unit of downside risk	2.47	2.53	-0.06
Omega ratio Gain probability vs. loss probability	1.39	1.37	+0.02
Calmar ratio Return relative to maximum drawdown	2.55	3.04	-0.49
Martin ratio Return relative to average drawdown	10.41	11.69	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JFEAX vs. FFEM - Sharpe Ratio Comparison

The current JFEAX Sharpe Ratio is 1.98, which is comparable to the FFEM Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JFEAX and FFEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JFEAX	FFEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.90	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.52	-1.18

Correlation

The correlation between JFEAX and FFEM is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JFEAX vs. FFEM - Dividend Comparison

JFEAX's dividend yield for the trailing twelve months is around 2.71%, more than FFEM's 1.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFEAX JPMorgan Developed International Value Fund Class A	2.71%	2.76%	4.26%	4.94%	3.68%	4.79%	2.75%	3.96%	4.12%	2.14%	5.75%	1.11%
FFEM Fidelity Fundamental Emerging Markets ETF	1.54%	1.59%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JFEAX vs. FFEM - Drawdown Comparison

The maximum JFEAX drawdown since its inception was -62.44%, which is greater than FFEM's maximum drawdown of -16.29%. Use the drawdown chart below to compare losses from any high point for JFEAX and FFEM.

Drawdown Indicators

	JFEAX	FFEM	Difference
Max Drawdown Largest peak-to-trough decline	-62.44%	-16.29%	-46.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-13.57%	+2.19%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.74%	—	—
Current Drawdown Current decline from peak	-9.54%	-9.74%	+0.20%
Average Drawdown Average peak-to-trough decline	-14.97%	-2.44%	-12.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.53%	-0.58%

Volatility

JFEAX vs. FFEM - Volatility Comparison

The current volatility for JPMorgan Developed International Value Fund Class A (JFEAX) is 6.67%, while Fidelity Fundamental Emerging Markets ETF (FFEM) has a volatility of 11.96%. This indicates that JFEAX experiences smaller price fluctuations and is considered to be less risky than FFEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFEAX	FFEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	11.96%	-5.29%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	16.75%	-6.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	22.16%	-6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	21.13%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	21.13%	-3.14%