LOTIX vs. FPADX

Last updated Jun 4, 2026

LOTIX (LoCorr Market Trend Fund) and FPADX (Fidelity Emerging Markets Index Fund) are both mutual funds - LOTIX is a Systematic Trend fund managed by LoCorr Funds, while FPADX is a Emerging Markets Diversified fund managed by Fidelity. Over the past 10 years, LOTIX returned 5.15%/yr vs 10.42%/yr for FPADX. At a 0.13 correlation, their price movements are largely independent. LOTIX charges 1.75%/yr vs 0.07%/yr for FPADX.

Performance

LOTIX vs. FPADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Market Trend Fund (LOTIX) and Fidelity Emerging Markets Index Fund (FPADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOTIX achieves a 25.32% return, which is significantly lower than FPADX's 30.04% return. Over the past 10 years, LOTIX has underperformed FPADX with an annualized return of 5.15%, while FPADX has yielded a comparatively higher 10.42% annualized return.

LOTIX

• 1D: 0.51%
• 1M: 2.73%
• YTD: 25.32%
• 6M: 26.83%
• 1Y: 41.82%
• 3Y*: 7.86%
• 5Y*: 8.25%
• 10Y*: 5.15%

FPADX

• 1D: 1.25%
• 1M: 10.70%
• YTD: 30.04%
• 6M: 32.95%
• 1Y: 58.94%
• 3Y*: 24.97%
• 5Y*: 7.99%
• 10Y*: 10.42%

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

LOTIX vs. FPADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LOTIX LoCorr Market Trend Fund	25.32%	4.07%	5.74%	-10.95%	29.93%	1.03%	4.81%	18.53%	-13.44%	3.84%
FPADX Fidelity Emerging Markets Index Fund	30.04%	33.90%	6.80%	9.51%	-20.06%	-3.07%	17.84%	18.28%	-14.65%	35.16%

Correlation

The correlation between LOTIX and FPADX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014	0.13

Over the past year, LOTIX and FPADX have become more correlated (0.41) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

LOTIX vs. FPADX — Risk / Return Rank

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

LOTIX

LOTIX Risk / Return Rank: 95
LOTIX Sharpe Ratio Rank: 97
LOTIX Sortino Ratio Rank: 94
LOTIX Omega Ratio Rank: 89
LOTIX Calmar Ratio Rank: 98
LOTIX Martin Ratio Rank: 98

FPADX

FPADX Risk / Return Rank: 90
FPADX Sharpe Ratio Rank: 95
FPADX Sortino Ratio Rank: 88
FPADX Omega Ratio Rank: 89
FPADX Calmar Ratio Rank: 89
FPADX Martin Ratio Rank: 89

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.

LOTIX vs. FPADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Market Trend Fund (LOTIX) and Fidelity Emerging Markets Index Fund (FPADX). 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.

	LOTIX	FPADX	Difference
Sharpe ratio Return per unit of total volatility	3.61	3.34	+0.27
Sortino ratio Return per unit of downside risk	4.89	4.23	+0.66
Omega ratio Gain probability vs. loss probability	1.63	1.62	+0.01
Calmar ratio Return relative to maximum drawdown	9.40	4.48	+4.92
Martin ratio Return relative to average drawdown	29.25	17.77	+11.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOTIX vs. FPADX - Sharpe Ratio Comparison

The current LOTIX Sharpe Ratio is 3.61, which is comparable to the FPADX Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of LOTIX and FPADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LOTIX	FPADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	3.34	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.47	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.59	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.37	+0.11

Drawdowns

LOTIX vs. FPADX - Drawdown Comparison

The maximum LOTIX drawdown since its inception was -28.32%, smaller than the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for LOTIX and FPADX.

Drawdown Indicators

	LOTIX	FPADX	Difference
Max Drawdown Largest peak-to-trough decline	-28.32%	-39.16%	+10.84%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-13.28%	+8.81%
Max Drawdown (3Y) Largest decline over 3 years	-20.20%	-16.09%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	-37.00%	+14.83%
Max Drawdown (10Y) Largest decline over 10 years	-25.83%	-39.16%	+13.33%
Current Drawdown Current decline from peak	-0.86%	0.00%	-0.86%
Average Drawdown Average peak-to-trough decline	-10.79%	-13.26%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	3.34%	-1.91%

Volatility

LOTIX vs. FPADX - Volatility Comparison

The current volatility for LoCorr Market Trend Fund (LOTIX) is 3.24%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 7.57%. This indicates that LOTIX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOTIX	FPADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	7.57%	-4.33%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	15.40%	-6.82%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	17.80%	-6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	17.11%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	17.82%	-4.62%

LOTIX vs. FPADX - Expense Ratio Comparison

LOTIX has a 1.75% expense ratio, which is higher than FPADX's 0.08% expense ratio.

Dividends

LOTIX vs. FPADX - Dividend Comparison

LOTIX's dividend yield for the trailing twelve months is around 2.09%, more than FPADX's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPADX Fidelity Emerging Markets Index Fund	1.81%	2.35%	2.70%	2.68%	2.47%	2.14%	1.50%	2.59%	2.20%	0.12%	1.69%	2.47%
LOTIX LoCorr Market Trend Fund	2.09%	2.62%	5.66%	2.73%	17.57%	3.62%	0.24%	1.33%	0.00%	0.00%	1.89%	0.93%

Frequently Asked Questions

Can I hold both LOTIX and FPADX in my portfolio?

LOTIX and FPADX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOTIX or FPADX?

FPADX has higher volatility (7.57%) compared to LOTIX (3.24%). In terms of maximum drawdown, LOTIX dropped -28.32% vs FPADX's -39.16%.

Which has better risk-adjusted returns?

LOTIX currently has the higher Sharpe Ratio (3.61 vs 3.34), 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.