EMSQX vs. FPADX

Last updated Apr 2, 2026

Compare and contrast key facts about Shelton Emerging Markets Fund (EMSQX) and Fidelity Emerging Markets Index Fund (FPADX).

EMSQX is managed by Shelton Capital Management. It was launched on Mar 19, 1997. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.

Performance

EMSQX vs. FPADX - Performance Comparison

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

EMSQX vs. FPADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMSQX Shelton Emerging Markets Fund	3.82%	32.98%	3.45%	15.43%	-14.33%	0.77%	44.90%
FPADX Fidelity Emerging Markets Index Fund	3.44%	33.90%	6.80%	9.51%	-20.06%	-3.07%	30.30%

Returns By Period

In the year-to-date period, EMSQX achieves a 3.82% return, which is significantly higher than FPADX's 3.44% return.

EMSQX

• 1D: 2.53%
• 1M: -9.27%
• YTD: 3.82%
• 6M: 7.05%
• 1Y: 33.61%
• 3Y*: 14.47%
• 5Y*: 7.02%
• 10Y*: —

FPADX

• 1D: 3.21%
• 1M: -8.18%
• YTD: 3.44%
• 6M: 7.16%
• 1Y: 32.67%
• 3Y*: 15.83%
• 5Y*: 3.78%
• 10Y*: 7.85%

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

EMSQX vs. FPADX - Expense Ratio Comparison

EMSQX has a 1.77% expense ratio, which is higher than FPADX's 0.08% expense ratio.

EMSQX

Shelton Emerging Markets Fund

FPADX

Fidelity Emerging Markets Index Fund

Return for Risk

EMSQX vs. FPADX — Risk / Return Rank

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

EMSQX

EMSQX Risk / Return Rank: 85
EMSQX Sharpe Ratio Rank: 88
EMSQX Sortino Ratio Rank: 86
EMSQX Omega Ratio Rank: 81
EMSQX Calmar Ratio Rank: 85
EMSQX Martin Ratio Rank: 83

FPADX

FPADX Risk / Return Rank: 88
FPADX Sharpe Ratio Rank: 90
FPADX Sortino Ratio Rank: 88
FPADX Omega Ratio Rank: 86
FPADX Calmar Ratio Rank: 89
FPADX 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.

EMSQX vs. FPADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Emerging Markets Fund (EMSQX) and Fidelity Emerging Markets Index Fund (FPADX). 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.

	EMSQX	FPADX	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.88	+0.02
Sortino ratio Return per unit of downside risk	2.45	2.47	-0.02
Omega ratio Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio Return relative to maximum drawdown	2.40	2.47	-0.07
Martin ratio Return relative to average drawdown	9.39	9.85	-0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMSQX vs. FPADX - Sharpe Ratio Comparison

The current EMSQX Sharpe Ratio is 1.89, which is comparable to the FPADX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of EMSQX and FPADX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMSQX	FPADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.88	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.23	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.28	+0.54

Correlation

The correlation between EMSQX and FPADX is 0.79, 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

EMSQX vs. FPADX - Dividend Comparison

EMSQX's dividend yield for the trailing twelve months is around 15.76%, more than FPADX's 2.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMSQX Shelton Emerging Markets Fund	15.76%	16.36%	7.85%	10.06%	1.52%	1.94%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
FPADX Fidelity Emerging Markets Index Fund	2.28%	2.35%	2.70%	2.68%	2.47%	2.14%	1.50%	2.59%	2.20%	0.12%	1.69%	2.47%

Drawdowns

EMSQX vs. FPADX - Drawdown Comparison

The maximum EMSQX drawdown since its inception was -29.96%, smaller than the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for EMSQX and FPADX.

Drawdown Indicators

	EMSQX	FPADX	Difference
Max Drawdown Largest peak-to-trough decline	-29.96%	-39.16%	+9.20%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-13.28%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-37.04%	+9.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.16%	—
Current Drawdown Current decline from peak	-11.42%	-10.50%	-0.92%
Average Drawdown Average peak-to-trough decline	-8.16%	-13.39%	+5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.33%	+0.15%

Volatility

EMSQX vs. FPADX - Volatility Comparison

The current volatility for Shelton Emerging Markets Fund (EMSQX) is 8.37%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 9.56%. This indicates that EMSQX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMSQX	FPADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	9.56%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	13.61%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	17.83%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	16.70%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	17.63%	-1.15%