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MADCX vs. FERGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MADCX vs. FERGX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Emerging Markets Fund, Inc. (MADCX) and Fidelity SAI Emerging Markets Index Fund (FERGX).

MADCX is managed by BlackRock. It was launched on Aug 31, 1989. FERGX is managed by Fidelity. It was launched on Jan 4, 2016.

Performance

MADCX vs. FERGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Emerging Markets Fund, Inc. (MADCX) and Fidelity SAI Emerging Markets Index Fund (FERGX). The values are adjusted to include any dividend payments, if applicable.

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MADCX vs. FERGX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MADCX
BlackRock Emerging Markets Fund, Inc.		1.43%30.47%-1.09%10.77%-24.12%-1.14%24.53%26.47%-10.73%40.07%
FERGX
Fidelity SAI Emerging Markets Index Fund		3.35%33.86%6.59%9.41%-20.19%-3.05%17.46%18.22%-14.52%33.62%

Returns By Period

In the year-to-date period, MADCX achieves a 1.43% return, which is significantly lower than FERGX's 3.35% return.

MADCX

1D
2.72%
1M
-10.92%
YTD
1.43%
6M
6.19%
1Y
31.88%
3Y*
11.43%
5Y*
0.21%
10Y*
8.65%

FERGX

1D
3.23%
1M
-8.17%
YTD
3.35%
6M
7.00%
1Y
32.37%
3Y*
15.69%
5Y*
3.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BlackRock Emerging Markets Fund, Inc.

Fidelity SAI Emerging Markets Index Fund

Often compared with MADCX:
MADCX vs. VOOMADCX vs. EEMVMADCX vs. EEMMADCX vs. SCHDMADCX vs. MADVXMADCX vs. VWOMADCX vs. SSKEX
Often compared with FERGX:
FERGX vs. FGOMXFERGX vs. EEMFERGX vs. FPADXFERGX vs. VWOFERGX vs. FSISXFERGX vs. IEMGFERGX vs. VFINX

MADCX vs. FERGX - Expense Ratio Comparison

MADCX has a 0.86% expense ratio, which is higher than FERGX's 0.08% expense ratio.

MADCX
BlackRock Emerging Markets Fund, Inc.
FERGX
Fidelity SAI Emerging Markets Index Fund

Return for Risk

MADCX vs. FERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MADCX
MADCX Risk / Return Rank: 8181
Overall Rank
MADCX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
MADCX Sortino Ratio Rank: 8080
Sortino Ratio Rank
MADCX Omega Ratio Rank: 7979
Omega Ratio Rank
MADCX Calmar Ratio Rank: 8080
Calmar Ratio Rank
MADCX Martin Ratio Rank: 8181
Martin Ratio Rank
FERGX
FERGX Risk / Return Rank: 8686
Overall Rank
FERGX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FERGX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FERGX Omega Ratio Rank: 8585
Omega Ratio Rank
FERGX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FERGX Martin Ratio Rank: 8585
Martin Ratio Rank
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.

MADCX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Emerging Markets Fund, Inc. (MADCX) and Fidelity SAI Emerging Markets Index Fund (FERGX). 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.

MADCXFERGXDifference

Sharpe ratio

Return per unit of total volatility

1.63

1.86

-0.23

Sortino ratio

Return per unit of downside risk

2.13

2.45

-0.32

Omega ratio

Gain probability vs. loss probability

1.32

1.36

-0.04

Calmar ratio

Return relative to maximum drawdown

2.03

2.27

-0.24

Martin ratio

Return relative to average drawdown

8.51

9.03

-0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MADCX vs. FERGX - Sharpe Ratio Comparison

The current MADCX Sharpe Ratio is 1.63, which is comparable to the FERGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of MADCX and FERGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

MADCXFERGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.63

1.86

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

0.22

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.43

-0.09

Correlation

The correlation between MADCX and FERGX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MADCX vs. FERGX - Dividend Comparison

MADCX's dividend yield for the trailing twelve months is around 4.20%, more than FERGX's 2.59% yield.

TTM20252024202320222021202020192018201720162015
MADCX
BlackRock Emerging Markets Fund, Inc.		4.20%4.26%1.90%1.67%2.22%5.72%0.97%1.53%0.98%0.48%1.82%1.34%
FERGX
Fidelity SAI Emerging Markets Index Fund		2.59%2.67%2.40%2.67%2.51%2.90%1.49%2.49%2.58%0.58%0.00%0.00%

Drawdowns

MADCX vs. FERGX - Drawdown Comparison

The maximum MADCX drawdown since its inception was -66.58%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for MADCX and FERGX.

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Drawdown Indicators

MADCXFERGXDifference

Max Drawdown

Largest peak-to-trough decline

-66.58%

-39.27%

-27.31%

Max Drawdown (1Y)

Largest decline over 1 year

-15.57%

-13.32%

-2.25%

Max Drawdown (5Y)

Largest decline over 5 years

-40.70%

-37.18%

-3.52%

Max Drawdown (10Y)

Largest decline over 10 years

-43.82%

—

—

Current Drawdown

Current decline from peak

-13.27%

-10.52%

-2.75%

Average Drawdown

Average peak-to-trough decline

-18.45%

-14.56%

-3.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.72%

3.35%

+0.37%

Volatility

MADCX vs. FERGX - Volatility Comparison

BlackRock Emerging Markets Fund, Inc. (MADCX) has a higher volatility of 10.96% compared to Fidelity SAI Emerging Markets Index Fund (FERGX) at 9.62%. This indicates that MADCX's price experiences larger fluctuations and is considered to be riskier than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MADCXFERGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.96%

9.62%

+1.34%

Volatility (6M)

Calculated over the trailing 6-month period

15.88%

13.68%

+2.20%

Volatility (1Y)

Calculated over the trailing 1-year period

20.16%

17.94%

+2.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

16.84%

+0.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.27%

17.85%

+0.42%