REEIX vs. FEMSX
REEIX (RBC Emerging Markets Equity Fund) and FEMSX (Fidelity Series Emerging Markets Opportunities Fund) are both Emerging Markets Equities funds. Over the past 10 years, REEIX returned 9.33%/yr vs 11.63%/yr for FEMSX. Their correlation of 0.93 means they have usually moved in the same direction. REEIX charges 0.88%/yr vs 0.01%/yr for FEMSX.
Performance
REEIX vs. FEMSX - Performance Comparison
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Returns By Period
In the year-to-date period, REEIX achieves a 18.93% return, which is significantly lower than FEMSX's 22.47% return. Over the past 10 years, REEIX has underperformed FEMSX with an annualized return of 9.33%, while FEMSX has yielded a comparatively higher 11.63% annualized return.
REEIX
- 1D
- 1.50%
- 1M
- -0.05%
- 6M
- 10.87%
- YTD
- 18.93%
- 1Y
- 40.60%
- 3Y*
- 18.82%
- 5Y*
- 9.77%
- 10Y*
- 9.33%
- ALL TIME*
- 8.39%
FEMSX
- 1D
- 1.68%
- 1M
- -1.85%
- 6M
- 11.77%
- YTD
- 22.47%
- 1Y
- 44.47%
- 3Y*
- 22.02%
- 5Y*
- 8.45%
- 10Y*
- 11.63%
- ALL TIME*
- 10.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
REEIX vs. FEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REEIX RBC Emerging Markets Equity Fund | 18.93% | 34.54% | 6.38% | 12.20% | -14.62% | -4.36% | 16.76% | 17.26% | -10.63% | 35.13% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 22.47% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
Correlation
The correlation between REEIX and FEMSX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.93 |
The correlation between REEIX and FEMSX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
REEIX vs. FEMSX — Risk / Return Rank
REEIX
FEMSX
REEIX vs. FEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Emerging Markets Equity Fund (REEIX) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX). 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.
| REEIX | FEMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.19 | -0.58 |
| Martin ratioReturn relative to average drawdown | 8.62 | 9.98 | -1.36 |
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Drawdowns
REEIX vs. FEMSX - Drawdown Comparison
The maximum REEIX drawdown since its inception was -35.90%, smaller than the maximum FEMSX drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for REEIX and FEMSX.
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Drawdown Indicators
| REEIX | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -44.16% | +8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -13.47% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -17.32% | -17.04% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -29.18% | -39.12% | +9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -35.90% | -44.16% | +8.26% |
Current DrawdownCurrent decline from peak | -7.69% | -8.38% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -13.34% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 4.30% | +0.25% |
Volatility
REEIX vs. FEMSX - Volatility Comparison
RBC Emerging Markets Equity Fund (REEIX) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX) have volatilities of 9.89% and 9.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REEIX | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 9.60% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 21.86% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.26% | 23.88% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 19.97% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 19.76% | -1.99% |
REEIX vs. FEMSX - Expense Ratio Comparison
REEIX has a 0.88% expense ratio, which is higher than FEMSX's 0.01% expense ratio.
Dividends
REEIX vs. FEMSX - Dividend Comparison
REEIX's dividend yield for the trailing twelve months is around 2.76%, more than FEMSX's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.00% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
REEIX RBC Emerging Markets Equity Fund | 2.76% | 3.29% | 1.52% | 1.59% | 1.35% | 2.81% | 1.00% | 3.11% | 8.35% | 0.90% | 1.18% | 2.51% |
Frequently Asked Questions
With a correlation of 0.94, REEIX and FEMSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
REEIX has higher volatility (9.89%) compared to FEMSX (9.60%). In terms of maximum drawdown, REEIX dropped -35.90% vs FEMSX's -44.16%.
FEMSX currently has the higher Sharpe Ratio (1.80 vs 1.62), 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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