Correlation
The correlation between FGWMX and SCHE 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. SCHE
Compare and contrast key facts about Fidelity Advisor New Markets Income Fund Class M (FGWMX) and Schwab Emerging Markets Equity ETF (SCHE).
FGWMX is managed by Fidelity. It was launched on Dec 4, 2018. SCHE is a passively managed fund by Charles Schwab that tracks the performance of the FTSE All-World Emerging. It was launched on Jan 14, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGWMX or SCHE.
Performance
FGWMX vs. SCHE - Performance Comparison
Loading data...
Key characteristics
FGWMX:
1.12
SCHE:
0.65
FGWMX:
1.47
SCHE:
0.93
FGWMX:
1.20
SCHE:
1.12
FGWMX:
1.00
SCHE:
0.52
FGWMX:
3.71
SCHE:
1.78
FGWMX:
1.59%
SCHE:
5.90%
FGWMX:
5.71%
SCHE:
18.80%
FGWMX:
-26.50%
SCHE:
-36.16%
FGWMX:
-1.72%
SCHE:
-6.47%
Returns By Period
In the year-to-date period, FGWMX achieves a 2.07% return, which is significantly lower than SCHE's 7.47% return.
FGWMX
2.07%
0.87%
1.08%
5.91%
6.06%
2.70%
N/A
SCHE
7.47%
3.51%
6.32%
13.07%
6.07%
7.65%
4.12%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGWMX vs. SCHE - Expense Ratio Comparison
FGWMX has a 1.13% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Risk-Adjusted Performance
FGWMX vs. SCHE — Risk-Adjusted Performance Rank
FGWMX
SCHE
FGWMX vs. SCHE - 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 Emerging Markets Equity ETF (SCHE). 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.
Loading data...
Dividends
FGWMX vs. SCHE - Dividend Comparison
FGWMX's dividend yield for the trailing twelve months is around 4.10%, more than SCHE's 2.82% 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% |
SCHE Schwab Emerging Markets Equity ETF | 2.82% | 3.03% | 3.83% | 2.87% | 2.86% | 2.09% | 3.27% | 2.69% | 2.31% | 2.26% | 2.50% | 2.86% |
Drawdowns
FGWMX vs. SCHE - Drawdown Comparison
The maximum FGWMX drawdown since its inception was -26.50%, smaller than the maximum SCHE drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for FGWMX and SCHE.
Loading data...
Volatility
FGWMX vs. SCHE - Volatility Comparison
The current volatility for Fidelity Advisor New Markets Income Fund Class M (FGWMX) is 1.32%, while Schwab Emerging Markets Equity ETF (SCHE) has a volatility of 4.43%. This indicates that FGWMX experiences smaller price fluctuations and is considered to be less risky than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...