FEDDX vs. MSMLX
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and Matthews Emerging Markets Small Companies Fund (MSMLX).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. MSMLX is managed by Matthews Asia Funds. It was launched on Sep 14, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEDDX or MSMLX.
Correlation
The correlation between FEDDX and MSMLX is 0.57, 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. MSMLX - Performance Comparison
Key characteristics
FEDDX:
0.10
MSMLX:
-0.29
FEDDX:
0.24
MSMLX:
-0.28
FEDDX:
1.03
MSMLX:
0.97
FEDDX:
0.08
MSMLX:
-0.14
FEDDX:
0.22
MSMLX:
-0.52
FEDDX:
6.96%
MSMLX:
9.62%
FEDDX:
14.99%
MSMLX:
17.16%
FEDDX:
-42.98%
MSMLX:
-45.68%
FEDDX:
-10.41%
MSMLX:
-28.94%
Returns By Period
In the year-to-date period, FEDDX achieves a 3.54% return, which is significantly higher than MSMLX's -0.87% return. Over the past 10 years, FEDDX has outperformed MSMLX with an annualized return of 3.79%, while MSMLX has yielded a comparatively lower 0.51% annualized return.
FEDDX
3.54%
-0.69%
-2.58%
-0.45%
9.45%
3.79%
MSMLX
-0.87%
-1.89%
-8.20%
-7.41%
7.85%
0.51%
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FEDDX vs. MSMLX - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is lower than MSMLX's 1.37% expense ratio.
Risk-Adjusted Performance
FEDDX vs. MSMLX — Risk-Adjusted Performance Rank
FEDDX
MSMLX
FEDDX vs. MSMLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Matthews Emerging Markets Small Companies Fund (MSMLX). 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. MSMLX - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 3.85%, more than MSMLX's 3.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 3.85% | 3.99% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% | 0.00% |
MSMLX Matthews Emerging Markets Small Companies Fund | 3.33% | 3.31% | 1.59% | 0.39% | 0.00% | 0.21% | 0.51% | 0.49% | 0.43% | 0.43% | 0.13% | 0.39% |
Drawdowns
FEDDX vs. MSMLX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.98%, smaller than the maximum MSMLX drawdown of -45.68%. Use the drawdown chart below to compare losses from any high point for FEDDX and MSMLX. For additional features, visit the drawdowns tool.
Volatility
FEDDX vs. MSMLX - Volatility Comparison
Fidelity Emerging Markets Discovery Fund (FEDDX) and Matthews Emerging Markets Small Companies Fund (MSMLX) have volatilities of 8.55% and 8.61%, 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.