Fidelity Emerging Correlations

FEMC Etf

5.40 0.04 0.74%

The current 90-days correlation between Fidelity Emerging Markets and Amundi Treasury Bond is -0.03 (i.e., Good diversification). The correlation of Fidelity Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fidelity Emerging Correlation With Market

Poor diversification

The correlation between Fidelity Emerging Markets and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fidelity Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Emerging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Emerging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Emerging Markets to buy it.

Moving together with Fidelity Etf

0.97	IEEM	iShares MSCI EM	Pair Corr
0.91	VFEM	Vanguard FTSE Emerging	Pair Corr
0.97	EMMUSA	UBSFund Solutions MSCI	Pair Corr
0.97	EMMUKD	UBSFund Solutions MSCI	Pair Corr
0.98	XMME	Xtrackers MSCI Emerging	Pair Corr
0.96	LYLEM	Lyxor MSCI Emerging	Pair Corr
0.96	MXFS	Invesco MSCI Emerging	Pair Corr
0.97	SEMA	iShares MSCI EM	Pair Corr
0.96	IEDY	iShares V PLC	Pair Corr
0.97	AUEM	Amundi Index Solutions	Pair Corr
0.8	GDXJ	VanEck Junior Gold	Pair Corr
0.82	AUCO	LG Gold Mining	Pair Corr
0.83	ESGO	AuAg Gold Mining	Pair Corr
0.96	HKOR	HSBC MSCI KOREA	Pair Corr
0.78	ZSILUS	ZKB Silver ETF	Pair Corr
0.83	GDX	VanEck Gold Miners	Pair Corr
0.81	GGMUSY	UBS ETF plc	Pair Corr
0.84	IAUP	iShares Gold Producers	Pair Corr
0.78	SVUSA	UBS ETF Silver	Pair Corr
0.88	VJPN	Vanguard FTSE Japan	Pair Corr
0.89	JPNC	Lyxor Japan UCITS	Pair Corr
0.68	USGBPA	UBS ETF plc	Pair Corr
0.8	RBOT	iShares Automation	Pair Corr
0.83	SCITY	Amundi Index Solutions	Pair Corr
0.91	PSRW	Invesco FTSE RAFI	Pair Corr
0.9	SMHV	VanEck Semiconductor	Pair Corr
0.9	SJPA	iShares Core MSCI	Pair Corr
0.82	STWX	SPDR MSCI Europe	Pair Corr
0.88	VUKE	Vanguard FTSE 100	Pair Corr
0.77	ZSIL	ZKB Silver ETF	Pair Corr
0.88	IJPN	iShares MSCI Japan	Pair Corr
0.87	SMCX	SPDR MSCI Europe	Pair Corr
0.93	SXLI	SPDR SP Industrials	Pair Corr
0.86	LCEU	BNP Paribas Easy	Pair Corr
0.91	WOPA	UBS ETF plc	Pair Corr

Moving against Fidelity Etf

0.61

XRPL

CoinShares Physical XRP

Pair Corr

Related Correlations Analysis

	IGIL	CSGOLD	IU0A	IFFF	INAA	LYHLTW	ISWD	US3
IGIL		0.92	0.87	0.86	0.75	0.67	0.91	0.53	IGIL
CSGOLD	0.92		0.89	0.92	0.74	0.69	0.91	0.47	CSGOLD
IU0A	0.87	0.89		0.8	0.72	0.79	0.85	0.64	IU0A
IFFF	0.86	0.92	0.8		0.74	0.55	0.89	0.43	IFFF
INAA	0.75	0.74	0.72	0.74		0.65	0.88	0.44	INAA
LYHLTW	0.67	0.69	0.79	0.55	0.65		0.66	0.7	LYHLTW
ISWD	0.91	0.91	0.85	0.89	0.88	0.66		0.47	ISWD
US3	0.53	0.47	0.64	0.43	0.44	0.7	0.47		US3
	IGIL	CSGOLD	IU0A	IFFF	INAA	LYHLTW	ISWD	US3

Fidelity Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Fidelity Etf performing well and Fidelity Emerging ETF 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
IGIL	0.22	0.04	(0.09)	(0.33)	0.17	(0.24)	0.56	(0.41)	1.35
CSGOLD	1.17	0.35	0.13	3.83	1.39	(1.56)	2.73	(2.77)	9.58
IU0A	0.13	0.02	(0.20)	(0.60)	0.00	(0.21)	0.35	(0.18)	0.71
IFFF	0.84	0.18	0.07	1.22	1.19	(0.98)	1.89	(1.46)	7.67
INAA	0.49	0.01	(0.05)	0.13	0.78	(0.54)	0.98	(1.42)	4.33
LYHLTW	0.61	0.12	0.12	0.46	0.30	(0.97)	1.45	(1.02)	6.12
ISWD	0.70	0.08	0.01	(2.54)	1.13	(0.63)	1.47	(1.90)	5.63
US3	0.13	0.01	(0.34)	0.38	0.00	(0.14)	0.32	(0.22)	0.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fidelity Emerging without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run FinTech Suite Now

FinTech Suite

Use AI to screen and filter profitable investment opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC