Correlation
The correlation between FEMVX and QLVE is 0.63, 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.
FEMVX vs. QLVE
Compare and contrast key facts about Fidelity SAI Emerging Markets Value Index Fund (FEMVX) and FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE).
FEMVX is managed by Fidelity. It was launched on May 11, 2020. QLVE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Emerging Markets Quality Low Volatility Index. It was launched on Jul 15, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMVX or QLVE.
Performance
FEMVX vs. QLVE - Performance Comparison
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Key characteristics
FEMVX:
0.50
QLVE:
0.90
FEMVX:
0.83
QLVE:
1.19
FEMVX:
1.11
QLVE:
1.15
FEMVX:
0.55
QLVE:
0.76
FEMVX:
1.73
QLVE:
2.04
FEMVX:
4.98%
QLVE:
4.99%
FEMVX:
16.61%
QLVE:
13.35%
FEMVX:
-31.94%
QLVE:
-29.96%
FEMVX:
-0.84%
QLVE:
-1.36%
Returns By Period
In the year-to-date period, FEMVX achieves a 8.10% return, which is significantly higher than QLVE's 7.18% return.
FEMVX
8.10%
5.60%
7.44%
9.78%
9.12%
10.32%
N/A
QLVE
7.18%
3.91%
6.06%
11.87%
6.08%
6.51%
N/A
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FEMVX vs. QLVE - Expense Ratio Comparison
FEMVX has a 0.22% expense ratio, which is lower than QLVE's 0.40% expense ratio.
Risk-Adjusted Performance
FEMVX vs. QLVE — Risk-Adjusted Performance Rank
FEMVX
QLVE
FEMVX vs. QLVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Emerging Markets Value Index Fund (FEMVX) and FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE). 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.
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Dividends
FEMVX vs. QLVE - Dividend Comparison
FEMVX's dividend yield for the trailing twelve months is around 3.44%, more than QLVE's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FEMVX Fidelity SAI Emerging Markets Value Index Fund | 3.44% | 3.72% | 4.73% | 4.87% | 5.50% | 1.42% | 0.00% |
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 3.23% | 3.11% | 3.00% | 2.48% | 2.57% | 1.66% | 1.27% |
Drawdowns
FEMVX vs. QLVE - Drawdown Comparison
The maximum FEMVX drawdown since its inception was -31.94%, which is greater than QLVE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for FEMVX and QLVE.
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Volatility
FEMVX vs. QLVE - Volatility Comparison
Fidelity SAI Emerging Markets Value Index Fund (FEMVX) has a higher volatility of 3.43% compared to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) at 3.01%. This indicates that FEMVX's price experiences larger fluctuations and is considered to be riskier than QLVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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