KF vs. FHKFX
KF (The Korea Fund Inc) and FHKFX (Fidelity Series Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, KF returned 13.63%/yr vs 7.54%/yr for FHKFX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. KF charges 0.01%/yr vs 0.01%/yr for FHKFX.
Performance
KF vs. FHKFX - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 52.92% return, which is significantly higher than FHKFX's 20.27% return.
KF
- 1D
- -2.46%
- 1M
- -18.91%
- 6M
- 19.78%
- YTD
- 52.92%
- 1Y
- 109.71%
- 3Y*
- 33.59%
- 5Y*
- 13.63%
- 10Y*
- 12.77%
- ALL TIME*
- 7.03%
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 | |
| $1.71M | $1.51M | $1.67M |
KF vs. FHKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 52.92% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -9.57% |
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 KF and FHKFX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018 | 0.70 |
The correlation between KF and FHKFX shifts across timeframes, from 0.69 (5 years) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KF vs. FHKFX — Risk / Return Rank
KF
FHKFX
KF vs. FHKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) 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.
| KF | FHKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.67 | +0.26 |
| Martin ratioReturn relative to average drawdown | 10.48 | 8.71 | +1.77 |
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Drawdowns
KF vs. FHKFX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for KF and FHKFX.
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Drawdown Indicators
| KF | FHKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -45.47% | -39.78% |
Max Drawdown (1Y)Largest decline over 1 year | -35.19% | -14.49% | -20.70% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -16.71% | -18.48% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | -39.01% | -7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | — | — |
Current DrawdownCurrent decline from peak | -30.62% | -11.03% | -19.59% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -17.01% | -20.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.82% | 4.43% | +5.39% |
Volatility
KF vs. FHKFX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 18.84% compared to Fidelity Series Emerging Markets Fund (FHKFX) at 9.54%. This indicates that KF'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
| KF | FHKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.84% | 9.54% | +9.30% |
Volatility (6M)Calculated over the trailing 6-month period | 46.99% | 21.41% | +25.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.38% | 23.69% | +26.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 19.95% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 20.18% | +7.40% |
KF vs. FHKFX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is higher than FHKFX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
KF vs. FHKFX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.79%, 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% |
KF The Korea Fund Inc | 0.79% | 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 FHKFX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (18.84%) compared to FHKFX (9.54%). In terms of maximum drawdown, KF dropped -85.25% vs FHKFX's -45.47%.
KF currently has the higher Sharpe Ratio (2.05 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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