REMSX vs. FHKFX
REMSX (Russell Investments Emerging Markets Fund) and FHKFX (Fidelity Series Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, REMSX returned 6.56%/yr vs 7.54%/yr for FHKFX. Their correlation of 0.92 means they have usually moved in the same direction. REMSX charges 1.19%/yr vs 0.01%/yr for FHKFX.
Performance
REMSX vs. FHKFX - Performance Comparison
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Returns By Period
In the year-to-date period, REMSX achieves a 16.06% return, which is significantly lower than FHKFX's 20.27% return.
REMSX
- 1D
- 3.01%
- 1M
- -4.52%
- 6M
- 5.98%
- YTD
- 16.06%
- 1Y
- 34.48%
- 3Y*
- 17.76%
- 5Y*
- 6.56%
- 10Y*
- 7.63%
- ALL TIME*
- 5.05%
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 | |
| $0.00 | $0.00 | $0.00 |
REMSX vs. FHKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
REMSX Russell Investments Emerging Markets Fund | 16.06% | 33.98% | 8.16% | 8.37% | -22.59% | 0.75% | 9.85% | 19.11% | -10.34% |
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 REMSX and FHKFX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018 | 0.92 |
The correlation between REMSX and FHKFX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
REMSX vs. FHKFX — Risk / Return Rank
REMSX
FHKFX
REMSX vs. FHKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Emerging Markets Fund (REMSX) 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.
| REMSX | FHKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.67 | -0.43 |
| Martin ratioReturn relative to average drawdown | 6.96 | 8.71 | -1.74 |
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Drawdowns
REMSX vs. FHKFX - Drawdown Comparison
The maximum REMSX drawdown since its inception was -66.80%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for REMSX and FHKFX.
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Drawdown Indicators
| REMSX | FHKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.80% | -45.47% | -21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -14.49% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -16.71% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -39.01% | +4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -41.09% | — | — |
Current DrawdownCurrent decline from peak | -11.26% | -11.03% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -19.28% | -17.01% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 4.43% | +0.02% |
Volatility
REMSX vs. FHKFX - Volatility Comparison
Russell Investments Emerging Markets Fund (REMSX) and Fidelity Series Emerging Markets Fund (FHKFX) have volatilities of 9.44% and 9.54%, 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
| REMSX | FHKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 9.54% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.68% | 21.41% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 23.69% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 19.95% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 20.18% | -2.47% |
REMSX vs. FHKFX - Expense Ratio Comparison
REMSX has a 1.19% expense ratio, which is higher than FHKFX's 0.01% expense ratio.
Dividends
REMSX vs. FHKFX - Dividend Comparison
REMSX's dividend yield for the trailing twelve months is around 1.70%, 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% |
REMSX Russell Investments Emerging Markets Fund | 1.70% | 1.97% | 2.58% | 2.42% | 2.17% | 14.04% | 0.59% | 2.51% | 4.57% | 1.10% | 1.08% | 0.13% |
Frequently Asked Questions
REMSX and FHKFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHKFX has higher volatility (9.54%) compared to REMSX (9.44%). In terms of maximum drawdown, REMSX dropped -66.80% vs FHKFX's -45.47%.
FHKFX currently has the higher Sharpe Ratio (1.63 vs 1.44), 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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