KF vs. FEDDX
KF (The Korea Fund Inc) and FEDDX (Fidelity Emerging Markets Discovery Fund) are both Emerging Markets Equities funds. Over the past 10 years, KF returned 18.06%/yr vs 11.09%/yr for FEDDX. A 0.67 correlation means they provide meaningful diversification when combined. KF charges 0.01%/yr vs 1.19%/yr for FEDDX.
Performance
KF vs. FEDDX - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 119.60% return, which is significantly higher than FEDDX's 21.51% return. Over the past 10 years, KF has outperformed FEDDX with an annualized return of 18.06%, while FEDDX has yielded a comparatively lower 11.09% annualized return.
KF
- 1D
- -0.36%
- 1M
- 20.74%
- YTD
- 119.60%
- 6M
- 124.41%
- 1Y
- 213.32%
- 3Y*
- 52.60%
- 5Y*
- 21.40%
- 10Y*
- 18.06%
FEDDX
- 1D
- 1.39%
- 1M
- 1.92%
- YTD
- 21.51%
- 6M
- 23.18%
- 1Y
- 41.02%
- 3Y*
- 17.95%
- 5Y*
- 9.28%
- 10Y*
- 11.09%
KF vs. FEDDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 119.60% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
FEDDX Fidelity Emerging Markets Discovery Fund | 21.51% | 31.90% | -3.68% | 20.76% | -11.83% | 6.65% | 16.96% | 19.60% | -18.90% | 36.59% |
Correlation
The correlation between KF and FEDDX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.67 |
The correlation between KF and FEDDX has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.
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Return for Risk
KF vs. FEDDX — Risk / Return Rank
KF
FEDDX
KF vs. FEDDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Fidelity Emerging Markets Discovery Fund (FEDDX). 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.
| KF | FEDDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.52 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 8.45 | 4.17 | +4.27 |
| Martin ratioReturn relative to average drawdown | 30.35 | 15.53 | +14.83 |
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Drawdowns
KF vs. FEDDX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than FEDDX's maximum drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for KF and FEDDX.
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Drawdown Indicators
| KF | FEDDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -42.95% | -42.30% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -9.54% | -15.88% |
Max Drawdown (3Y)Largest decline over 3 years | -28.04% | -17.29% | -10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -47.62% | -27.45% | -20.17% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -42.95% | -9.96% |
Current DrawdownCurrent decline from peak | -0.36% | -0.68% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -37.85% | -8.75% | -29.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 2.56% | +4.50% |
Volatility
KF vs. FEDDX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 23.31% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 6.23%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | FEDDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.31% | 6.23% | +17.08% |
Volatility (6M)Calculated over the trailing 6-month period | 40.70% | 11.80% | +28.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.46% | 14.11% | +30.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.77% | 14.29% | +14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.62% | 15.80% | +10.82% |
KF vs. FEDDX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than FEDDX's 1.19% expense ratio.
Dividends
KF vs. FEDDX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.55%, less than FEDDX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 3.83% | 4.65% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 1.50% | 1.36% | 0.81% |
KF The Korea Fund Inc | 0.55% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
Frequently Asked Questions
KF and FEDDX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (23.31%) compared to FEDDX (6.23%). In terms of maximum drawdown, KF dropped -85.25% vs FEDDX's -42.95%.
KF currently has the higher Sharpe Ratio (4.84 vs 2.82), 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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