FEDAX vs. GQGIX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX).
FEDAX is managed by Fidelity. It was launched on Nov 1, 2011. GQGIX is managed by GQG Partners.
Performance
FEDAX vs. GQGIX - Performance Comparison
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FEDAX vs. GQGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 35.39% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 0.45% | 9.92% | 6.19% | 28.81% | -20.85% | -2.37% | 33.98% | 21.08% | -14.70% | 30.20% |
Returns By Period
In the year-to-date period, FEDAX achieves a 4.10% return, which is significantly higher than GQGIX's 0.45% return.
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
GQGIX
- 1D
- -0.61%
- 1M
- -7.74%
- YTD
- 0.45%
- 6M
- 4.06%
- 1Y
- 10.75%
- 3Y*
- 13.55%
- 5Y*
- 3.40%
- 10Y*
- —
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FEDAX vs. GQGIX - Expense Ratio Comparison
FEDAX has a 1.49% expense ratio, which is higher than GQGIX's 0.98% expense ratio.
Return for Risk
FEDAX vs. GQGIX — Risk / Return Rank
FEDAX
GQGIX
FEDAX vs. GQGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). 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.
| FEDAX | GQGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 0.85 | +1.51 |
Sortino ratioReturn per unit of downside risk | 2.95 | 1.23 | +1.73 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.16 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.03 | +2.12 |
Martin ratioReturn relative to average drawdown | 12.43 | 3.60 | +8.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEDAX | GQGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 0.85 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.23 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.53 | -0.03 |
Correlation
The correlation between FEDAX and GQGIX is 0.80, 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
FEDAX vs. GQGIX - Dividend Comparison
FEDAX's dividend yield for the trailing twelve months is around 4.39%, more than GQGIX's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.12% | 2.13% | 1.70% | 2.71% | 5.67% | 3.91% | 0.24% | 1.16% | 0.81% | 0.25% | 0.00% | 0.00% |
Drawdowns
FEDAX vs. GQGIX - Drawdown Comparison
The maximum FEDAX drawdown since its inception was -43.35%, which is greater than GQGIX's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FEDAX and GQGIX.
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Drawdown Indicators
| FEDAX | GQGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -33.50% | -9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -9.11% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -29.89% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | — | — |
Current DrawdownCurrent decline from peak | -9.58% | -8.96% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -11.54% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.60% | -0.08% |
Volatility
FEDAX vs. GQGIX - Volatility Comparison
Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) has a higher volatility of 6.48% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 5.75%. This indicates that FEDAX's price experiences larger fluctuations and is considered to be riskier than GQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDAX | GQGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 5.75% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 8.87% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 12.51% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 14.72% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 15.99% | -0.32% |