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EMGAX vs. FERGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMGAX vs. FERGX

Last updated Apr 2, 2026

Compare and contrast key facts about Allspring Emerging Markets Equity Fund (EMGAX) and Fidelity SAI Emerging Markets Index Fund (FERGX).

EMGAX is managed by Allspring Global Investments. It was launched on Sep 5, 1994. FERGX is managed by Fidelity. It was launched on Jan 4, 2016.

Performance

EMGAX vs. FERGX - Performance Comparison

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

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EMGAX vs. FERGX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMGAX
Allspring Emerging Markets Equity Fund		0.96%36.30%3.38%8.37%-19.74%-12.13%20.86%27.57%-16.09%35.33%
FERGX
Fidelity SAI Emerging Markets Index Fund		3.35%33.86%6.59%9.41%-20.19%-3.05%17.46%18.22%-14.52%33.62%

Returns By Period

In the year-to-date period, EMGAX achieves a 0.96% return, which is significantly lower than FERGX's 3.35% return.

EMGAX

1D
2.16%
1M
-9.62%
YTD
0.96%
6M
4.62%
1Y
30.73%
3Y*
13.87%
5Y*
0.85%
10Y*
7.34%

FERGX

1D
3.23%
1M
-8.17%
YTD
3.35%
6M
7.00%
1Y
32.37%
3Y*
15.69%
5Y*
3.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Allspring Emerging Markets Equity Fund

Fidelity SAI Emerging Markets Index Fund

Often compared with EMGAX:
EMGAX vs. EEMEMGAX vs. VWOEMGAX vs. VISVXEMGAX vs. DEMIXEMGAX vs. ESCIXEMGAX vs. SADIXEMGAX vs. SSHIX
Often compared with FERGX:
FERGX vs. FGOMXFERGX vs. EEMFERGX vs. FPADXFERGX vs. VWOFERGX vs. FSISXFERGX vs. IEMGFERGX vs. VFINX

EMGAX vs. FERGX - Expense Ratio Comparison

EMGAX has a 1.43% expense ratio, which is higher than FERGX's 0.08% expense ratio.

EMGAX
Allspring Emerging Markets Equity Fund
FERGX
Fidelity SAI Emerging Markets Index Fund

Return for Risk

EMGAX vs. FERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMGAX
EMGAX Risk / Return Rank: 8484
Overall Rank
EMGAX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EMGAX Sortino Ratio Rank: 8585
Sortino Ratio Rank
EMGAX Omega Ratio Rank: 8383
Omega Ratio Rank
EMGAX Calmar Ratio Rank: 8585
Calmar Ratio Rank
EMGAX Martin Ratio Rank: 8181
Martin Ratio Rank
FERGX
FERGX Risk / Return Rank: 8686
Overall Rank
FERGX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FERGX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FERGX Omega Ratio Rank: 8585
Omega Ratio Rank
FERGX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FERGX Martin Ratio Rank: 8585
Martin Ratio Rank
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.

EMGAX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Emerging Markets Equity Fund (EMGAX) 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.

EMGAXFERGXDifference

Sharpe ratio

Return per unit of total volatility

1.77

1.86

-0.09

Sortino ratio

Return per unit of downside risk

2.32

2.45

-0.13

Omega ratio

Gain probability vs. loss probability

1.35

1.36

-0.01

Calmar ratio

Return relative to maximum drawdown

2.26

2.27

-0.01

Martin ratio

Return relative to average drawdown

8.68

9.03

-0.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMGAX vs. FERGX - Sharpe Ratio Comparison

The current EMGAX Sharpe Ratio is 1.77, which is comparable to the FERGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of EMGAX and FERGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EMGAXFERGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.77

1.86

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.22

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.43

-0.10

Correlation

The correlation between EMGAX and FERGX is 0.94, 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.

Dividends

EMGAX vs. FERGX - Dividend Comparison

EMGAX's dividend yield for the trailing twelve months is around 1.79%, less than FERGX's 2.59% yield.

TTM20252024202320222021202020192018201720162015
EMGAX
Allspring Emerging Markets Equity Fund		1.79%1.80%1.06%0.92%0.78%0.24%0.06%0.67%0.36%1.49%0.67%0.59%
FERGX
Fidelity SAI Emerging Markets Index Fund		2.59%2.67%2.40%2.67%2.51%2.90%1.49%2.49%2.58%0.58%0.00%0.00%

Drawdowns

EMGAX vs. FERGX - Drawdown Comparison

The maximum EMGAX drawdown since its inception was -61.83%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for EMGAX and FERGX.

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Drawdown Indicators

EMGAXFERGXDifference

Max Drawdown

Largest peak-to-trough decline

-61.83%

-39.27%

-22.56%

Max Drawdown (1Y)

Largest decline over 1 year

-13.59%

-13.32%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-43.48%

-37.18%

-6.30%

Max Drawdown (10Y)

Largest decline over 10 years

-45.89%

—

—

Current Drawdown

Current decline from peak

-11.73%

-10.52%

-1.21%

Average Drawdown

Average peak-to-trough decline

-17.28%

-14.56%

-2.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.55%

3.35%

+0.20%

Volatility

EMGAX vs. FERGX - Volatility Comparison

The current volatility for Allspring Emerging Markets Equity Fund (EMGAX) is 8.61%, while Fidelity SAI Emerging Markets Index Fund (FERGX) has a volatility of 9.62%. This indicates that EMGAX experiences smaller price fluctuations and is considered to be less risky than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMGAXFERGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.61%

9.62%

-1.01%

Volatility (6M)

Calculated over the trailing 6-month period

13.10%

13.68%

-0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

17.74%

17.94%

-0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.56%

16.84%

+0.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

17.85%

+0.16%