FEDDX vs. GQGPX
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and GQG Partners Emerging Markets Equity Fund (GQGPX).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. GQGPX is managed by GQG Partners Inc. It was launched on Dec 27, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEDDX or GQGPX.
Key characteristics
| FEDDX | GQGPX | |
|---|---|---|
| YTD Return | 2.62% | 11.37% |
| 1Y Return | 10.77% | 23.18% |
| 3Y Return (Ann) | 1.64% | 2.68% |
| 5Y Return (Ann) | 7.50% | 8.60% |
| Sharpe Ratio | 0.90 | 1.63 |
| Sortino Ratio | 1.31 | 2.17 |
| Omega Ratio | 1.16 | 1.32 |
| Calmar Ratio | 1.19 | 1.10 |
| Martin Ratio | 3.73 | 6.43 |
| Ulcer Index | 3.10% | 3.58% |
| Daily Std Dev | 12.81% | 14.10% |
| Max Drawdown | -42.95% | -34.66% |
| Current Drawdown | -4.96% | -7.34% |
Correlation
The correlation between FEDDX and GQGPX is 0.81, 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. GQGPX - Performance Comparison
In the year-to-date period, FEDDX achieves a 2.62% return, which is significantly lower than GQGPX's 11.37% 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. GQGPX - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is lower than GQGPX's 1.22% expense ratio.
Risk-Adjusted Performance
FEDDX vs. GQGPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and GQG Partners Emerging Markets Equity Fund (GQGPX). 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. GQGPX - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 2.00%, less than GQGPX's 2.27% 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% |
GQGPX GQG Partners Emerging Markets Equity Fund | 2.27% | 2.53% | 5.52% | 2.27% | 0.15% | 2.39% | 0.59% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEDDX vs. GQGPX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, which is greater than GQGPX's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for FEDDX and GQGPX. For additional features, visit the drawdowns tool.
Volatility
FEDDX vs. GQGPX - Volatility Comparison
Fidelity Emerging Markets Discovery Fund (FEDDX) and GQG Partners Emerging Markets Equity Fund (GQGPX) have volatilities of 2.89% and 2.81%, 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.