FEDAX vs. VEMRX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX).
FEDAX is managed by Fidelity. It was launched on Nov 1, 2011. VEMRX is managed by Vanguard. It was launched on Dec 15, 2010.
Performance
FEDAX vs. VEMRX - Performance Comparison
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FEDAX vs. VEMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 6.04% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | -0.20% | 24.84% | 11.40% | 8.88% | -17.74% | 0.92% | 15.29% | 20.39% | -14.55% | 31.44% |
Returns By Period
In the year-to-date period, FEDAX achieves a 6.04% return, which is significantly higher than VEMRX's -0.20% return. Over the past 10 years, FEDAX has outperformed VEMRX with an annualized return of 9.43%, while VEMRX has yielded a comparatively lower 7.59% annualized return.
FEDAX
- 1D
- 1.87%
- 1M
- -6.14%
- YTD
- 6.04%
- 6M
- 11.58%
- 1Y
- 36.29%
- 3Y*
- 15.34%
- 5Y*
- 7.53%
- 10Y*
- 9.43%
VEMRX
- 1D
- 2.35%
- 1M
- -6.40%
- YTD
- -0.20%
- 6M
- 0.42%
- 1Y
- 21.52%
- 3Y*
- 13.40%
- 5Y*
- 3.64%
- 10Y*
- 7.59%
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FEDAX vs. VEMRX - Expense Ratio Comparison
FEDAX has a 1.49% expense ratio, which is higher than VEMRX's 0.08% expense ratio.
Return for Risk
FEDAX vs. VEMRX — Risk / Return Rank
FEDAX
VEMRX
FEDAX vs. VEMRX - 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 Index Fund Institutional Plus Shares (VEMRX). 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 | VEMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.60 | 1.44 | +1.17 |
Sortino ratioReturn per unit of downside risk | 3.23 | 1.96 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.27 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.95 | +1.69 |
Martin ratioReturn relative to average drawdown | 14.09 | 7.11 | +6.99 |
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 | VEMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.44 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.24 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.46 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.21 | +0.29 |
Correlation
The correlation between FEDAX and VEMRX 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. VEMRX - Dividend Comparison
FEDAX's dividend yield for the trailing twelve months is around 4.31%, more than VEMRX's 2.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.31% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 2.71% | 2.79% | 3.19% | 3.53% | 4.11% | 2.63% | 1.92% | 3.26% | 2.92% | 2.35% | 2.56% | 3.31% |
Drawdowns
FEDAX vs. VEMRX - Drawdown Comparison
The maximum FEDAX drawdown since its inception was -43.35%, which is greater than VEMRX's maximum drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for FEDAX and VEMRX.
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Drawdown Indicators
| FEDAX | VEMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -36.01% | -7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -11.07% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -32.54% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -36.01% | -7.34% |
Current DrawdownCurrent decline from peak | -7.90% | -8.95% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -12.94% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 3.04% | -0.47% |
Volatility
FEDAX vs. VEMRX - Volatility Comparison
Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) have volatilities of 6.78% and 6.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDAX | VEMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 6.88% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 10.91% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 15.39% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 15.22% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 16.39% | -0.71% |