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.
Performance
FGWMX vs. FNDE - Performance Comparison
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FGWMX vs. FNDE - 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% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 6.10% | 29.46% | 12.10% | 14.99% | -15.58% | 14.41% | -2.77% | 19.75% | -3.61% |
Returns By Period
In the year-to-date period, FGWMX achieves a -0.99% return, which is significantly lower than FNDE's 6.10% return.
FGWMX
- 1D
- -0.07%
- 1M
- -3.70%
- YTD
- -0.99%
- 6M
- 2.62%
- 1Y
- 10.33%
- 3Y*
- 10.57%
- 5Y*
- 3.25%
- 10Y*
- —
FNDE
- 1D
- 2.71%
- 1M
- -5.06%
- YTD
- 6.10%
- 6M
- 9.65%
- 1Y
- 29.56%
- 3Y*
- 18.98%
- 5Y*
- 9.51%
- 10Y*
- 10.24%
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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.
Return for Risk
FGWMX vs. FNDE — Risk / Return Rank
FGWMX
FNDE
FGWMX vs. FNDE - 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 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.
| FGWMX | FNDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 1.67 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.87 | 2.25 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.34 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.16 | -0.12 |
Martin ratioReturn relative to average drawdown | 9.06 | 9.71 | -0.66 |
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 | FNDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.67 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.57 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.34 | +0.15 |
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.
Dividends
FGWMX vs. FNDE - Dividend Comparison
FGWMX's dividend yield for the trailing twelve months is around 4.40%, more than FNDE's 3.94% 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% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.94% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
Drawdowns
FGWMX vs. FNDE - Drawdown Comparison
The maximum FGWMX drawdown since its inception was -27.35%, 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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Drawdown Indicators
| FGWMX | FNDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -43.55% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -13.72% | +8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -29.44% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.93% | — |
Current DrawdownCurrent decline from peak | -3.80% | -6.41% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -11.84% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.06% | -1.89% |
Volatility
FGWMX vs. FNDE - Volatility Comparison
The current volatility for Fidelity Advisor New Markets Income Fund Class M (FGWMX) is 1.77%, while Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a volatility of 7.66%. 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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Volatility by Period
| FGWMX | FNDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 7.66% | -5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 11.93% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 17.79% | -12.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 16.87% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 19.41% | -12.11% |