Correlation
The correlation between FGWMX and FNDE is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FGWMX vs. FNDE
Compare and contrast key facts about Fidelity Advisor New Markets Income Fund Class M (FGWMX) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).
FGWMX is managed by Fidelity. It was launched on Dec 4, 2018. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGWMX or FNDE.
Performance
FGWMX vs. FNDE - Performance Comparison
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Key characteristics
FGWMX:
1.12
FNDE:
0.54
FGWMX:
1.47
FNDE:
0.77
FGWMX:
1.20
FNDE:
1.10
FGWMX:
1.00
FNDE:
0.48
FGWMX:
3.71
FNDE:
1.30
FGWMX:
1.59%
FNDE:
6.85%
FGWMX:
5.71%
FNDE:
20.23%
FGWMX:
-26.50%
FNDE:
-43.55%
FGWMX:
-1.72%
FNDE:
-3.87%
Returns By Period
In the year-to-date period, FGWMX achieves a 2.07% return, which is significantly lower than FNDE's 8.12% return.
FGWMX
2.07%
0.87%
1.08%
5.91%
6.06%
2.70%
N/A
FNDE
8.12%
4.35%
6.90%
12.04%
9.31%
11.56%
6.00%
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FGWMX vs. FNDE - Expense Ratio Comparison
FGWMX has a 1.13% expense ratio, which is higher than FNDE's 0.39% expense ratio.
Risk-Adjusted Performance
FGWMX vs. FNDE — Risk-Adjusted Performance Rank
FGWMX
FNDE
FGWMX vs. FNDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Markets Income Fund Class M (FGWMX) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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
FGWMX vs. FNDE - Dividend Comparison
FGWMX's dividend yield for the trailing twelve months is around 4.10%, less than FNDE's 4.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGWMX Fidelity Advisor New Markets Income Fund Class M | 4.10% | 4.42% | 4.86% | 4.82% | 3.78% | 3.75% | 4.57% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 4.46% | 4.82% | 4.74% | 5.59% | 4.31% | 2.49% | 3.47% | 3.05% | 2.05% | 1.65% | 2.02% | 1.36% |
Drawdowns
FGWMX vs. FNDE - Drawdown Comparison
The maximum FGWMX drawdown since its inception was -26.50%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for FGWMX and FNDE.
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Volatility
FGWMX vs. FNDE - Volatility Comparison
The current volatility for Fidelity Advisor New Markets Income Fund Class M (FGWMX) is 1.32%, while Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a volatility of 4.09%. This indicates that FGWMX experiences smaller price fluctuations and is considered to be less risky than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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