FEDDX vs. ECOW
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. ECOW is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEDDX or ECOW.
Key characteristics
| FEDDX | ECOW | |
|---|---|---|
| YTD Return | 1.83% | 8.84% |
| 1Y Return | 10.77% | 19.50% |
| 3Y Return (Ann) | 1.00% | 1.05% |
| 5Y Return (Ann) | 7.31% | 2.41% |
| Sharpe Ratio | 0.77 | 1.14 |
| Sortino Ratio | 1.14 | 1.69 |
| Omega Ratio | 1.14 | 1.20 |
| Calmar Ratio | 1.03 | 0.91 |
| Martin Ratio | 3.17 | 4.72 |
| Ulcer Index | 3.15% | 4.00% |
| Daily Std Dev | 12.91% | 16.58% |
| Max Drawdown | -42.95% | -40.27% |
| Current Drawdown | -5.69% | -7.18% |
Correlation
The correlation between FEDDX and ECOW is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FEDDX vs. ECOW - Performance Comparison
In the year-to-date period, FEDDX achieves a 1.83% return, which is significantly lower than ECOW's 8.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEDDX vs. ECOW - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than ECOW's 0.70% expense ratio.
Risk-Adjusted Performance
FEDDX vs. ECOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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.
Dividends
FEDDX vs. ECOW - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 2.01%, less than ECOW's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 2.01% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% | 0.00% | 3.87% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 5.02% | 5.46% | 7.50% | 4.39% | 3.35% | 8.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEDDX vs. ECOW - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, which is greater than ECOW's maximum drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for FEDDX and ECOW. For additional features, visit the drawdowns tool.
Volatility
FEDDX vs. ECOW - Volatility Comparison
The current volatility for Fidelity Emerging Markets Discovery Fund (FEDDX) is 3.28%, while Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a volatility of 5.27%. This indicates that FEDDX experiences smaller price fluctuations and is considered to be less risky than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.