FPADX vs. AVEM
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and Avantis Emerging Markets Equity ETF (AVEM).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. AVEM is a passively managed fund by American Century Investments that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPADX or AVEM.
Key characteristics
| FPADX | AVEM | |
|---|---|---|
| YTD Return | 4.18% | 6.15% |
| 1Y Return | 11.71% | 18.51% |
| 3Y Return (Ann) | -5.35% | -1.14% |
| Sharpe Ratio | 0.85 | 1.23 |
| Daily Std Dev | 13.68% | 14.64% |
| Max Drawdown | -39.16% | -36.05% |
| Current Drawdown | -21.08% | -7.61% |
Correlation
The correlation between FPADX and AVEM is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FPADX vs. AVEM - Performance Comparison
In the year-to-date period, FPADX achieves a 4.18% return, which is significantly lower than AVEM's 6.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPADX vs. AVEM - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is lower than AVEM's 0.33% expense ratio.
Risk-Adjusted Performance
FPADX vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and Avantis Emerging Markets Equity ETF (AVEM). 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.
Dividends
FPADX vs. AVEM - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.57%, less than AVEM's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.57% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% | 2.15% |
AVEM Avantis Emerging Markets Equity ETF | 2.88% | 3.06% | 2.77% | 2.61% | 1.60% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPADX vs. AVEM - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for FPADX and AVEM. For additional features, visit the drawdowns tool.
Volatility
FPADX vs. AVEM - Volatility Comparison
The current volatility for Fidelity Emerging Markets Index Fund (FPADX) is 4.39%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 4.91%. This indicates that FPADX experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.