FEDAX vs. VEIEX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX).
FEDAX is managed by Fidelity. It was launched on Nov 1, 2011. VEIEX is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It was launched on May 4, 1994.
Performance
FEDAX vs. VEIEX - Performance Comparison
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FEDAX vs. VEIEX - 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% | 36.46% |
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -0.26% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
Returns By Period
In the year-to-date period, FEDAX achieves a 4.10% return, which is significantly higher than VEIEX's -0.26% return. Over the past 10 years, FEDAX has outperformed VEIEX with an annualized return of 9.23%, while VEIEX has yielded a comparatively lower 7.36% annualized return.
FEDAX
- 1D
- -0.75%
- 1M
- -7.86%
- YTD
- 4.10%
- 6M
- 9.54%
- 1Y
- 33.79%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
VEIEX
- 1D
- 2.35%
- 1M
- -6.43%
- YTD
- -0.26%
- 6M
- 0.31%
- 1Y
- 21.25%
- 3Y*
- 13.15%
- 5Y*
- 3.42%
- 10Y*
- 7.36%
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FEDAX vs. VEIEX - Expense Ratio Comparison
FEDAX has a 1.49% expense ratio, which is higher than VEIEX's 0.29% expense ratio.
Return for Risk
FEDAX vs. VEIEX — Risk / Return Rank
FEDAX
VEIEX
FEDAX vs. VEIEX - 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 Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX). 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 | VEIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.42 | +0.94 |
Sortino ratioReturn per unit of downside risk | 2.95 | 1.93 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.27 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.92 | +1.23 |
Martin ratioReturn relative to average drawdown | 12.43 | 7.00 | +5.43 |
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 | VEIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.42 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.23 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.45 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.31 | +0.18 |
Correlation
The correlation between FEDAX and VEIEX is 0.88, 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. VEIEX - Dividend Comparison
FEDAX's dividend yield for the trailing twelve months is around 4.39%, more than VEIEX's 2.55% 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% |
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.55% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
Drawdowns
FEDAX vs. VEIEX - Drawdown Comparison
The maximum FEDAX drawdown since its inception was -43.35%, smaller than the maximum VEIEX drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for FEDAX and VEIEX.
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Drawdown Indicators
| FEDAX | VEIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -66.47% | +23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -11.10% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -32.73% | +5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -36.30% | -7.05% |
Current DrawdownCurrent decline from peak | -9.58% | -8.97% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -17.29% | +8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.04% | -0.52% |
Volatility
FEDAX vs. VEIEX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) is 6.48%, while Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) has a volatility of 6.91%. This indicates that FEDAX experiences smaller price fluctuations and is considered to be less risky than VEIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDAX | VEIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 6.91% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 10.92% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 15.41% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 15.22% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 16.39% | -0.72% |