RLEMX vs. FMCKX
RLEMX (Lazard Emerging Markets Equity Portfolio Class R6) and FMCKX (Fidelity Advisor Focused Emerging Markets Fund Class C) are both Emerging Markets Equities funds. Over the past 10 years, RLEMX returned 9.76%/yr vs 9.93%/yr for FMCKX. Their correlation of 0.87 means they have usually moved in the same direction. RLEMX charges 1.38%/yr vs 2.11%/yr for FMCKX.
Performance
RLEMX vs. FMCKX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RLEMX achieves a 21.51% return, which is significantly higher than FMCKX's 15.03% return. Both investments have delivered pretty close results over the past 10 years, with RLEMX having a 9.76% annualized return and FMCKX not far ahead at 9.93%.
RLEMX
- 1D
- -0.92%
- 1M
- -0.76%
- 6M
- 9.55%
- YTD
- 21.51%
- 1Y
- 40.39%
- 3Y*
- 24.35%
- 5Y*
- 13.86%
- 10Y*
- 9.76%
- ALL TIME*
- 11.34%
FMCKX
- 1D
- -1.50%
- 1M
- -9.76%
- 6M
- 1.70%
- YTD
- 15.03%
- 1Y
- 32.70%
- 3Y*
- 18.91%
- 5Y*
- 7.28%
- 10Y*
- 9.93%
- ALL TIME*
- 8.02%
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 |
RLEMX vs. FMCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 21.51% | 41.38% | 7.60% | 22.42% | -14.86% | 5.43% | -0.02% | 17.99% | -18.11% | 28.02% |
FMCKX Fidelity Advisor Focused Emerging Markets Fund Class C | 15.03% | 38.72% | 8.19% | 7.32% | -20.72% | -3.67% | 29.01% | 28.31% | -18.95% | 45.62% |
Correlation
The correlation between RLEMX and FMCKX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.87 |
The correlation between RLEMX and FMCKX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RLEMX vs. FMCKX — Risk / Return Rank
RLEMX
FMCKX
RLEMX vs. FMCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) and Fidelity Advisor Focused Emerging Markets Fund Class C (FMCKX). 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.
| RLEMX | FMCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.28 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.34 | +1.56 |
| Martin ratioReturn relative to average drawdown | 13.19 | 7.17 | +6.02 |
Loading charts...
Drawdowns
RLEMX vs. FMCKX - Drawdown Comparison
The maximum RLEMX drawdown since its inception was -44.12%, smaller than the maximum FMCKX drawdown of -70.33%. Use the drawdown chart below to compare losses from any high point for RLEMX and FMCKX.
Loading charts...
Drawdown Indicators
| RLEMX | FMCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.12% | -70.33% | +26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -13.79% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -19.15% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.17% | -37.54% | +8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -44.12% | -42.90% | -1.22% |
Current DrawdownCurrent decline from peak | -4.28% | -13.61% | +9.33% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -21.88% | +11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 4.48% | -1.41% |
Volatility
RLEMX vs. FMCKX - Volatility Comparison
The current volatility for Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) is 4.68%, while Fidelity Advisor Focused Emerging Markets Fund Class C (FMCKX) has a volatility of 8.09%. This indicates that RLEMX experiences smaller price fluctuations and is considered to be less risky than FMCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RLEMX | FMCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 8.09% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 19.91% | -7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 21.95% | -7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 19.65% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 19.15% | -2.77% |
RLEMX vs. FMCKX - Expense Ratio Comparison
RLEMX has a 1.38% expense ratio, which is lower than FMCKX's 2.11% expense ratio.
Dividends
RLEMX vs. FMCKX - Dividend Comparison
RLEMX's dividend yield for the trailing twelve months is around 1.68%, more than FMCKX's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMCKX Fidelity Advisor Focused Emerging Markets Fund Class C | 0.61% | 0.70% | 0.11% | 0.53% | 0.00% | 4.23% | 1.27% | 11.09% | 0.00% | 0.00% | 0.00% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 1.68% | 2.05% | 3.10% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% |
Frequently Asked Questions
RLEMX and FMCKX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCKX has higher volatility (8.09%) compared to RLEMX (4.68%). In terms of maximum drawdown, RLEMX dropped -44.12% vs FMCKX's -70.33%.
RLEMX currently has the higher Sharpe Ratio (2.75 vs 1.47), 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.
Find the right allocation for RLEMX and FMCKX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer