FEDDX vs. EEM
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and iShares MSCI Emerging Markets ETF (EEM).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEDDX or EEM.
Key characteristics
| FEDDX | EEM | |
|---|---|---|
| YTD Return | 2.62% | 12.16% |
| 1Y Return | 10.77% | 18.74% |
| 3Y Return (Ann) | 1.64% | -1.87% |
| 5Y Return (Ann) | 7.50% | 2.82% |
| 10Y Return (Ann) | 5.77% | 3.06% |
| Sharpe Ratio | 0.90 | 1.21 |
| Sortino Ratio | 1.31 | 1.78 |
| Omega Ratio | 1.16 | 1.22 |
| Calmar Ratio | 1.19 | 0.60 |
| Martin Ratio | 3.73 | 6.25 |
| Ulcer Index | 3.10% | 2.97% |
| Daily Std Dev | 12.81% | 15.33% |
| Max Drawdown | -42.95% | -66.44% |
| Current Drawdown | -4.96% | -16.61% |
Correlation
The correlation between FEDDX and EEM is 0.84, 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.
Performance
FEDDX vs. EEM - Performance Comparison
In the year-to-date period, FEDDX achieves a 2.62% return, which is significantly lower than EEM's 12.16% return. Over the past 10 years, FEDDX has outperformed EEM with an annualized return of 5.77%, while EEM has yielded a comparatively lower 3.06% annualized 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. EEM - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
FEDDX vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and iShares MSCI Emerging Markets ETF (EEM). 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. EEM - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 2.00%, less than EEM's 2.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 2.00% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% | 0.00% | 3.87% |
EEM iShares MSCI Emerging Markets ETF | 2.32% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% | 2.06% |
Drawdowns
FEDDX vs. EEM - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, smaller than the maximum EEM drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for FEDDX and EEM. For additional features, visit the drawdowns tool.
Volatility
FEDDX vs. EEM - Volatility Comparison
The current volatility for Fidelity Emerging Markets Discovery Fund (FEDDX) is 2.89%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 3.70%. This indicates that FEDDX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.