TEDMX vs. FERGX

Last updated Jun 4, 2026

TEDMX (Templeton Developing Markets Trust) and FERGX (Fidelity SAI Emerging Markets Index Fund) are both Emerging Markets Diversified funds. Over the past 5 years, TEDMX returned 11.45%/yr vs 7.84%/yr for FERGX. Their correlation of 0.94 suggests significant overlap in exposure. TEDMX charges 1.38%/yr vs 0.07%/yr for FERGX.

Performance

TEDMX vs. FERGX - Performance Comparison

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

Returns By Period

In the year-to-date period, TEDMX achieves a 44.70% return, which is significantly higher than FERGX's 29.74% return.

TEDMX

• 1D: 0.90%
• 1M: 17.40%
• YTD: 44.70%
• 6M: 48.60%
• 1Y: 85.58%
• 3Y*: 33.21%
• 5Y*: 11.45%
• 10Y*: 13.61%

FERGX

• 1D: 1.24%
• 1M: 10.65%
• YTD: 29.74%
• 6M: 32.65%
• 1Y: 58.65%
• 3Y*: 24.80%
• 5Y*: 7.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEDMX vs. FERGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEDMX Templeton Developing Markets Trust	44.70%	44.71%	8.14%	12.28%	-22.17%	-5.82%	18.65%	26.39%	-16.21%	39.33%
FERGX Fidelity SAI Emerging Markets Index Fund	29.74%	33.86%	6.59%	9.41%	-20.19%	-3.05%	17.46%	18.22%	-14.52%	33.62%

Correlation

The correlation between TEDMX and FERGX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.94

The correlation between TEDMX and FERGX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

TEDMX vs. FERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEDMX

TEDMX Risk / Return Rank: 96
TEDMX Sharpe Ratio Rank: 99
TEDMX Sortino Ratio Rank: 94
TEDMX Omega Ratio Rank: 95
TEDMX Calmar Ratio Rank: 95
TEDMX Martin Ratio Rank: 96

FERGX

FERGX Risk / Return Rank: 90
FERGX Sharpe Ratio Rank: 95
FERGX Sortino Ratio Rank: 88
FERGX Omega Ratio Rank: 89
FERGX Calmar Ratio Rank: 89
FERGX Martin Ratio Rank: 89

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.

TEDMX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Developing Markets Trust (TEDMX) 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.

	TEDMX	FERGX	Difference
Sharpe ratio: Return per unit of total volatility	4.22	3.32	+0.90
Sortino ratio: Return per unit of downside risk	4.92	4.20	+0.72
Omega ratio: Gain probability vs. loss probability	1.77	1.62	+0.14
Calmar ratio: Return relative to maximum drawdown	5.78	4.46	+1.33
Martin ratio: Return relative to average drawdown	23.57	17.57	+6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEDMX vs. FERGX - Sharpe Ratio Comparison

The current TEDMX Sharpe Ratio is 4.22, which is comparable to the FERGX Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of TEDMX and FERGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEDMX	FERGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.22	3.32	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.46	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.57	-0.14

Drawdowns

TEDMX vs. FERGX - Drawdown Comparison

The maximum TEDMX drawdown since its inception was -64.97%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for TEDMX and FERGX.

Drawdown Indicators

	TEDMX	FERGX	Difference
Max Drawdown Largest peak-to-trough decline	-64.97%	-39.27%	-25.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-13.32%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-16.20%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-42.15%	-37.11%	-5.04%
Max Drawdown (10Y) Largest decline over 10 years	-44.36%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-19.45%	-14.33%	-5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.36%	+0.26%

Volatility

TEDMX vs. FERGX - Volatility Comparison

Templeton Developing Markets Trust (TEDMX) has a higher volatility of 8.86% compared to Fidelity SAI Emerging Markets Index Fund (FERGX) at 7.58%. This indicates that TEDMX'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.

Volatility by Period

	TEDMX	FERGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.86%	7.58%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	17.58%	15.44%	+2.14%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	17.88%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	17.25%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	17.99%	+1.13%

TEDMX vs. FERGX - Expense Ratio Comparison

TEDMX has a 1.38% expense ratio, which is higher than FERGX's 0.08% expense ratio.

Dividends

TEDMX vs. FERGX - Dividend Comparison

TEDMX's dividend yield for the trailing twelve months is around 1.83%, less than FERGX's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FERGX Fidelity SAI Emerging Markets Index Fund	2.06%	2.67%	2.40%	2.67%	2.51%	2.90%	1.49%	2.49%	2.58%	0.58%	0.00%	0.00%
TEDMX Templeton Developing Markets Trust	1.83%	2.64%	3.30%	3.44%	5.25%	6.76%	2.40%	4.54%	1.35%	0.90%	1.20%	1.02%

Frequently Asked Questions

Can I hold both TEDMX and FERGX in my portfolio?

With a correlation of 0.95, TEDMX and FERGX 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.

Which is riskier, TEDMX or FERGX?

TEDMX has higher volatility (8.86%) compared to FERGX (7.58%). In terms of maximum drawdown, TEDMX dropped -64.97% vs FERGX's -39.27%.

Which has better risk-adjusted returns?

TEDMX currently has the higher Sharpe Ratio (4.22 vs 3.32), 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.