FGWMX vs. AGEYX
Compare and contrast key facts about Fidelity Advisor New Markets Income Fund Class M (FGWMX) and American Beacon Developing World Income Fund Class Y (AGEYX).
FGWMX is managed by Fidelity. It was launched on Dec 4, 2018. AGEYX is a passively managed fund by American Beacon that tracks the performance of the JPMorgan® EMBI Global Diversified Index. It was launched on Feb 25, 2014.
Performance
FGWMX vs. AGEYX - Performance Comparison
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FGWMX vs. AGEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGWMX Fidelity Advisor New Markets Income Fund Class M | -0.99% | 14.45% | 6.57% | 13.55% | -16.26% | -2.61% | 4.21% | 10.65% | 0.12% |
AGEYX American Beacon Developing World Income Fund Class Y | 1.59% | 19.15% | 15.85% | 13.10% | -12.62% | 6.91% | 2.54% | 13.49% | 0.28% |
Returns By Period
In the year-to-date period, FGWMX achieves a -0.99% return, which is significantly lower than AGEYX's 1.59% return.
FGWMX
- 1D
- -0.07%
- 1M
- -3.70%
- YTD
- -0.99%
- 6M
- 2.62%
- 1Y
- 10.33%
- 3Y*
- 10.57%
- 5Y*
- 3.25%
- 10Y*
- —
AGEYX
- 1D
- -0.53%
- 1M
- -3.02%
- YTD
- 1.59%
- 6M
- 7.64%
- 1Y
- 18.64%
- 3Y*
- 16.31%
- 5Y*
- 8.13%
- 10Y*
- 7.77%
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FGWMX vs. AGEYX - Expense Ratio Comparison
FGWMX has a 1.13% expense ratio, which is lower than AGEYX's 1.14% expense ratio.
Return for Risk
FGWMX vs. AGEYX — Risk / Return Rank
FGWMX
AGEYX
FGWMX vs. AGEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Markets Income Fund Class M (FGWMX) and American Beacon Developing World Income Fund Class Y (AGEYX). 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.
| FGWMX | AGEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 3.96 | -1.90 |
Sortino ratioReturn per unit of downside risk | 2.87 | 5.44 | -2.57 |
Omega ratioGain probability vs. loss probability | 1.44 | 2.04 | -0.60 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.15 | -2.11 |
Martin ratioReturn relative to average drawdown | 9.06 | 21.19 | -12.13 |
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
| FGWMX | AGEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 3.96 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.60 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.31 | -0.82 |
Correlation
The correlation between FGWMX and AGEYX is 0.67, 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.
Dividends
FGWMX vs. AGEYX - Dividend Comparison
FGWMX's dividend yield for the trailing twelve months is around 4.40%, less than AGEYX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGWMX Fidelity Advisor New Markets Income Fund Class M | 4.40% | 4.80% | 4.42% | 4.86% | 3.69% | 3.21% | 3.76% | 4.56% | 0.40% | 0.00% | 0.00% | 0.00% |
AGEYX American Beacon Developing World Income Fund Class Y | 9.85% | 9.99% | 12.16% | 9.64% | 7.50% | 7.90% | 7.34% | 8.61% | 9.88% | 7.30% | 8.43% | 7.03% |
Drawdowns
FGWMX vs. AGEYX - Drawdown Comparison
The maximum FGWMX drawdown since its inception was -27.35%, which is greater than AGEYX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for FGWMX and AGEYX.
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Drawdown Indicators
| FGWMX | AGEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -22.24% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -4.14% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -22.24% | -5.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.24% | — |
Current DrawdownCurrent decline from peak | -3.80% | -3.15% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -3.59% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.86% | +0.31% |
Volatility
FGWMX vs. AGEYX - Volatility Comparison
Fidelity Advisor New Markets Income Fund Class M (FGWMX) and American Beacon Developing World Income Fund Class Y (AGEYX) have volatilities of 1.77% and 1.74%, 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
| FGWMX | AGEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.74% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.84% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 4.65% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 5.12% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 5.00% | +2.30% |