FGWMX vs. VWO
Compare and contrast key facts about Fidelity Advisor New Markets Income Fund Class M (FGWMX) and Vanguard FTSE Emerging Markets ETF (VWO).
FGWMX is managed by Fidelity. It was launched on Dec 4, 2018. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGWMX or VWO.
Correlation
The correlation between FGWMX and VWO is 0.36, 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.
Performance
FGWMX vs. VWO - Performance Comparison
Key characteristics
FGWMX:
2.19
VWO:
1.24
FGWMX:
3.30
VWO:
1.80
FGWMX:
1.42
VWO:
1.23
FGWMX:
1.34
VWO:
0.89
FGWMX:
9.59
VWO:
3.83
FGWMX:
1.19%
VWO:
4.75%
FGWMX:
5.21%
VWO:
14.61%
FGWMX:
-26.50%
VWO:
-67.68%
FGWMX:
-0.23%
VWO:
-7.26%
Returns By Period
In the year-to-date period, FGWMX achieves a 2.93% return, which is significantly lower than VWO's 4.18% return.
FGWMX
2.93%
2.61%
2.81%
11.40%
1.00%
N/A
VWO
4.18%
4.75%
4.29%
15.24%
4.03%
3.97%
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FGWMX vs. VWO - Expense Ratio Comparison
FGWMX has a 1.13% expense ratio, which is higher than VWO's 0.08% expense ratio.
Risk-Adjusted Performance
FGWMX vs. VWO — Risk-Adjusted Performance Rank
FGWMX
VWO
FGWMX vs. VWO - 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 Vanguard FTSE Emerging Markets ETF (VWO). 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.
Dividends
FGWMX vs. VWO - Dividend Comparison
FGWMX's dividend yield for the trailing twelve months is around 4.39%, more than VWO's 3.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGWMX Fidelity Advisor New Markets Income Fund Class M | 4.39% | 4.42% | 4.86% | 4.82% | 3.49% | 3.68% | 4.57% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 3.07% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% |
Drawdowns
FGWMX vs. VWO - Drawdown Comparison
The maximum FGWMX drawdown since its inception was -26.50%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FGWMX and VWO. For additional features, visit the drawdowns tool.
Volatility
FGWMX vs. VWO - Volatility Comparison
The current volatility for Fidelity Advisor New Markets Income Fund Class M (FGWMX) is 1.43%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 3.58%. This indicates that FGWMX experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.