FITLX vs. FEDDX
Compare and contrast key facts about Fidelity US Sustainability Index Fund (FITLX) and Fidelity Emerging Markets Discovery Fund (FEDDX).
FITLX is managed by Fidelity. It was launched on May 9, 2017. FEDDX is managed by Fidelity. It was launched on Nov 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FITLX or FEDDX.
Key characteristics
| FITLX | FEDDX | |
|---|---|---|
| YTD Return | 18.64% | 1.22% |
| 1Y Return | 27.91% | 8.35% |
| 3Y Return (Ann) | 9.84% | 0.64% |
| 5Y Return (Ann) | 15.59% | 7.67% |
| Sharpe Ratio | 1.93 | 0.73 |
| Daily Std Dev | 14.10% | 12.76% |
| Max Drawdown | -34.35% | -42.95% |
| Current Drawdown | -1.29% | -3.76% |
Correlation
The correlation between FITLX and FEDDX is 0.64, 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.
Performance
FITLX vs. FEDDX - Performance Comparison
In the year-to-date period, FITLX achieves a 18.64% return, which is significantly higher than FEDDX's 1.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FITLX vs. FEDDX - Expense Ratio Comparison
FITLX has a 0.11% expense ratio, which is lower than FEDDX's 1.19% expense ratio.
Risk-Adjusted Performance
FITLX vs. FEDDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Sustainability Index Fund (FITLX) and Fidelity Emerging Markets Discovery Fund (FEDDX). 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
FITLX vs. FEDDX - Dividend Comparison
FITLX's dividend yield for the trailing twelve months is around 0.95%, less than FEDDX's 2.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITLX Fidelity US Sustainability Index Fund | 0.95% | 1.12% | 1.49% | 0.99% | 1.01% | 1.41% | 1.58% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
FEDDX Fidelity Emerging Markets Discovery Fund | 2.03% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 2.24% | 1.36% | 0.81% | 0.00% | 3.87% |
Drawdowns
FITLX vs. FEDDX - Drawdown Comparison
The maximum FITLX drawdown since its inception was -34.35%, smaller than the maximum FEDDX drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for FITLX and FEDDX. For additional features, visit the drawdowns tool.
Volatility
FITLX vs. FEDDX - Volatility Comparison
Fidelity US Sustainability Index Fund (FITLX) has a higher volatility of 5.01% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 3.90%. This indicates that FITLX's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.