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.
Key characteristics
| FEDDX | MSMLX | |
|---|---|---|
| YTD Return | -0.37% | -2.98% |
| 1Y Return | 8.17% | -3.55% |
| 3Y Return (Ann) | 0.53% | -9.04% |
| 5Y Return (Ann) | 7.03% | 7.32% |
| 10Y Return (Ann) | 5.47% | 1.78% |
| Sharpe Ratio | 0.62 | -0.22 |
| Sortino Ratio | 0.93 | -0.20 |
| Omega Ratio | 1.11 | 0.98 |
| Calmar Ratio | 0.84 | -0.13 |
| Martin Ratio | 2.50 | -0.78 |
| Ulcer Index | 3.21% | 4.42% |
| Daily Std Dev | 13.00% | 15.56% |
| Max Drawdown | -42.95% | -45.68% |
| Current Drawdown | -7.72% | -25.48% |
Correlation
The correlation between FEDDX and MSMLX is 0.78, 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. MSMLX - Performance Comparison
In the year-to-date period, FEDDX achieves a -0.37% return, which is significantly higher than MSMLX's -2.98% return. Over the past 10 years, FEDDX has outperformed MSMLX with an annualized return of 5.47%, while MSMLX has yielded a comparatively lower 1.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 2.06%, more than MSMLX's 1.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 2.06% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% | 0.00% | 3.87% |
MSMLX Matthews Emerging Markets Small Companies Fund | 1.64% | 1.59% | 0.39% | 0.00% | 0.21% | 0.51% | 0.49% | 0.43% | 0.43% | 0.13% | 0.39% | 0.48% |
Drawdowns
FEDDX vs. MSMLX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, 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
The current volatility for Fidelity Emerging Markets Discovery Fund (FEDDX) is 3.54%, while Matthews Emerging Markets Small Companies Fund (MSMLX) has a volatility of 4.25%. This indicates that FEDDX experiences smaller price fluctuations and is considered to be less risky than MSMLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.