FEDDX vs. VWO
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and Vanguard FTSE Emerging Markets ETF (VWO).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Performance
FEDDX vs. VWO - Performance Comparison
Loading graphics...
FEDDX vs. VWO - 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% |
VWO Vanguard FTSE Emerging Markets ETF | 0.54% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Returns By Period
In the year-to-date period, FEDDX achieves a 4.17% return, which is significantly higher than VWO's 0.54% return. Over the past 10 years, FEDDX has outperformed VWO with an annualized return of 9.53%, while VWO has yielded a comparatively lower 7.63% 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%
VWO
- 1D
- 3.11%
- 1M
- -6.97%
- YTD
- 0.54%
- 6M
- 1.72%
- 1Y
- 22.75%
- 3Y*
- 13.73%
- 5Y*
- 3.84%
- 10Y*
- 7.63%
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. VWO - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than VWO's 0.08% expense ratio.
Return for Risk
FEDDX vs. VWO — Risk / Return Rank
FEDDX
VWO
FEDDX vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.28 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.99 | 1.81 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.85 | +1.35 |
Martin ratioReturn relative to average drawdown | 12.68 | 7.12 | +5.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FEDDX | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.28 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.22 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.40 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.25 | +0.26 |
Correlation
The correlation between FEDDX and VWO is 0.83, 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. VWO - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 4.47%, more than VWO's 2.68% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Drawdowns
FEDDX vs. VWO - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FEDDX and VWO.
Loading graphics...
Drawdown Indicators
| FEDDX | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.95% | -67.68% | +24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -12.23% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -32.80% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -36.39% | -6.56% |
Current DrawdownCurrent decline from peak | -9.54% | -8.41% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -15.93% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.18% | -0.67% |
Volatility
FEDDX vs. VWO - Volatility Comparison
The current volatility for Fidelity Emerging Markets Discovery Fund (FEDDX) is 6.44%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 8.17%. This indicates that FEDDX experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FEDDX | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 8.17% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 12.26% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 17.83% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 17.21% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 19.18% | -3.53% |