FIDELITY EMERGING Competition
| FSEAX Fund | USD 68.64 -2.68 -3.76% |
FIDELITY EMERGING and VANGUARD OHIO Correlation View
Very poor diversification
Across the chosen horizon, FSEAX and VOHIX show a correlation of 0.84 and fall into the Very poor diversification bucket. Used correctly, the chart supports evaluation of whether adding the second position genuinely diversifies the first.
Moving together with FIDELITY Mutual Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FIDELITY EMERGING's price to converge to an average value over time is called mean reversion.
FIDELITY EMERGING Competition Correlation Matrix
Competition correlation for Fidelity Emerging Asia matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between FIDELITY Mutual Fund performing well and FIDELITY EMERGING Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FIDELITY EMERGING's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIUIX | 0.77 | 0.08 | 0.14 | -2.08 | 1.06 | 1.50 | 5.96 | |||
| FDVIX | 0.87 | -0.03 | 0.00 | -0.24 | 0.00 | 1.55 | 6.05 | |||
| GTMUX | 0.95 | -0.04 | 0.00 | 0.20 | 0.00 | 1.63 | 7.91 | |||
| FSCOX | 0.64 | -0.03 | 0.00 | -0.19 | 0.00 | 1.05 | 4.62 | |||
| HILVX | 0.55 | -0.08 | 0.00 | 0.84 | 0.00 | 1.16 | 2.94 | |||
| CVMIX | 1.02 | 0.10 | 0.10 | 0.41 | 1.58 | 2.06 | 8.20 | |||
| PREFX | 0.75 | -0.17 | 0.00 | -1.99 | 0.00 | 1.22 | 4.37 | |||
| USSCX | 1.02 | -0.17 | 0.00 | -1.58 | 0.00 | 1.80 | 5.69 | |||
| VOHIX | 0.12 | 0.00 | 0.00 | -0.17 | 0.00 | 0.26 | 1.20 |
FIDELITY EMERGING Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
FIDELITY EMERGING Competition Peer Performance Charts
How to Analyze FIDELITY EMERGING Against Peers
FIDELITY EMERGING's peer analysis compares FIDELITY EMERGING with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether FIDELITY EMERGING trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where FIDELITY EMERGING leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Analyzing FIDELITY EMERGING's peers expands diversification context, relative positioning, and sector theme understanding. Valuation premiums or discounts for FIDELITY EMERGING become more meaningful when measured against the peer group rather than in isolation. Relative comparison helps show where FIDELITY EMERGING is stronger or weaker against peers.
Unless otherwise specified, data for Fidelity Emerging Asia is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.