SOL-USD vs. FEMKX
SOL-USD (Solana) is a cryptocurrency, while FEMKX (Fidelity Emerging Markets) is Emerging Markets Equities fund managed by Fidelity. Over the past 5 years, SOL-USD returned 12.17%/yr vs 6.21%/yr for FEMKX. At a 0.23 correlation, their price movements are largely independent.
Performance
SOL-USD vs. FEMKX - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -44.76% return, which is significantly lower than FEMKX's 21.74% return.
SOL-USD
- 1D
- 0.85%
- 1M
- -25.39%
- YTD
- -44.76%
- 6M
- -48.38%
- 1Y
- -53.76%
- 3Y*
- 68.07%
- 5Y*
- 12.17%
- 10Y*
- —
FEMKX
- 1D
- 5.11%
- 1M
- -0.90%
- YTD
- 21.74%
- 6M
- 24.81%
- 1Y
- 47.25%
- 3Y*
- 20.93%
- 5Y*
- 6.21%
- 10Y*
- 11.98%
SOL-USD vs. FEMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SOL-USD Solana | -44.76% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
FEMKX Fidelity Emerging Markets | 21.74% | 31.02% | 7.12% | 15.16% | -27.48% | 1.25% | 56.88% |
Correlation
The correlation between SOL-USD and FEMKX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.23 |
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Return for Risk
SOL-USD vs. FEMKX — Risk / Return Rank
SOL-USD
FEMKX
SOL-USD vs. FEMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) and Fidelity Emerging Markets (FEMKX). 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.
| SOL-USD | FEMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.40 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.46 | -4.17 |
| Martin ratioReturn relative to average drawdown | -1.16 | 12.40 | -13.56 |
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Drawdowns
SOL-USD vs. FEMKX - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than FEMKX's maximum drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for SOL-USD and FEMKX.
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Drawdown Indicators
| SOL-USD | FEMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -71.14% | -25.13% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -13.00% | -61.89% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -19.13% | -57.15% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -40.88% | -55.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.24% | — |
Current DrawdownCurrent decline from peak | -73.76% | -5.05% | -68.71% |
Average DrawdownAverage peak-to-trough decline | -51.42% | -25.93% | -25.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.06% | 3.62% | +49.44% |
Volatility
SOL-USD vs. FEMKX - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 17.62% compared to Fidelity Emerging Markets (FEMKX) at 11.94%. This indicates that SOL-USD's price experiences larger fluctuations and is considered to be riskier than FEMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOL-USD | FEMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.62% | 11.94% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 46.90% | 18.90% | +28.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.08% | 21.23% | +38.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.35% | 19.38% | +62.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.82% | 18.91% | +80.91% |
Frequently Asked Questions
SOL-USD and FEMKX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (17.62%) compared to FEMKX (11.94%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs FEMKX's -71.14%.
FEMKX currently has the higher Sharpe Ratio (2.12 vs -0.74), 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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