FEDDX vs. VEMRX
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. VEMRX is managed by Vanguard. It was launched on Dec 15, 2010.
Performance
FEDDX vs. VEMRX - Performance Comparison
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FEDDX vs. VEMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 4.17% | 31.90% | -3.68% | 20.76% | -11.83% | 6.65% | 16.96% | 19.60% | -18.90% | 36.59% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | -2.49% | 24.84% | 11.40% | 8.88% | -17.74% | 0.92% | 15.29% | 20.39% | -14.55% | 31.44% |
Returns By Period
In the year-to-date period, FEDDX achieves a 4.17% return, which is significantly higher than VEMRX's -2.49% return. Over the past 10 years, FEDDX has outperformed VEMRX with an annualized return of 9.53%, while VEMRX has yielded a comparatively lower 7.34% annualized return.
FEDDX
- 1D
- -0.74%
- 1M
- -9.17%
- YTD
- 4.17%
- 6M
- 10.32%
- 1Y
- 35.27%
- 3Y*
- 14.96%
- 5Y*
- 7.72%
- 10Y*
- 9.53%
VEMRX
- 1D
- -0.83%
- 1M
- -9.72%
- YTD
- -2.49%
- 6M
- -1.14%
- 1Y
- 19.19%
- 3Y*
- 12.53%
- 5Y*
- 3.42%
- 10Y*
- 7.34%
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FEDDX vs. VEMRX - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than VEMRX's 0.08% expense ratio.
Return for Risk
FEDDX vs. VEMRX — Risk / Return Rank
FEDDX
VEMRX
FEDDX vs. VEMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX). 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.
| FEDDX | VEMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.24 | +1.15 |
Sortino ratioReturn per unit of downside risk | 2.99 | 1.71 | +1.28 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.24 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.54 | +1.66 |
Martin ratioReturn relative to average drawdown | 12.68 | 5.71 | +6.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEDDX | VEMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.24 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.23 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.45 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.21 | +0.31 |
Correlation
The correlation between FEDDX and VEMRX is 0.88, 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.
Dividends
FEDDX vs. VEMRX - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 4.47%, more than VEMRX's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 4.46% | 4.65% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 1.50% | 1.36% | 0.81% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 2.77% | 2.79% | 3.19% | 3.53% | 4.11% | 2.63% | 1.92% | 3.26% | 2.92% | 2.35% | 2.56% | 3.31% |
Drawdowns
FEDDX vs. VEMRX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, which is greater than VEMRX's maximum drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for FEDDX and VEMRX.
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Drawdown Indicators
| FEDDX | VEMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.95% | -36.01% | -6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -11.07% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -32.54% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -36.01% | -6.94% |
Current DrawdownCurrent decline from peak | -9.54% | -11.04% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -12.95% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.98% | -0.47% |
Volatility
FEDDX vs. VEMRX - Volatility Comparison
Fidelity Emerging Markets Discovery Fund (FEDDX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) have volatilities of 6.44% and 6.36%, 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.
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Volatility by Period
| FEDDX | VEMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 6.36% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 10.69% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.25% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 15.18% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 16.37% | -0.72% |