FNMIX vs. VWOB
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and Vanguard Emerging Markets Government Bond ETF (VWOB).
FNMIX is managed by Fidelity. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNMIX or VWOB.
Correlation
The correlation between FNMIX and VWOB is 0.30, 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
FNMIX vs. VWOB - Performance Comparison
Key characteristics
FNMIX:
1.32
VWOB:
1.18
FNMIX:
1.85
VWOB:
1.68
FNMIX:
1.26
VWOB:
1.22
FNMIX:
1.30
VWOB:
0.75
FNMIX:
5.17
VWOB:
5.79
FNMIX:
1.47%
VWOB:
1.48%
FNMIX:
5.77%
VWOB:
7.29%
FNMIX:
-43.58%
VWOB:
-26.97%
FNMIX:
-2.40%
VWOB:
-3.05%
Returns By Period
In the year-to-date period, FNMIX achieves a 1.49% return, which is significantly lower than VWOB's 3.02% return. Both investments have delivered pretty close results over the past 10 years, with FNMIX having a 2.96% annualized return and VWOB not far behind at 2.85%.
FNMIX
1.49%
-1.04%
1.82%
7.62%
4.59%
2.96%
VWOB
3.02%
0.56%
2.21%
9.15%
3.33%
2.85%
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FNMIX vs. VWOB - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Risk-Adjusted Performance
FNMIX vs. VWOB — Risk-Adjusted Performance Rank
FNMIX
VWOB
FNMIX vs. VWOB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and Vanguard Emerging Markets Government Bond ETF (VWOB). 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
FNMIX vs. VWOB - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.80%, less than VWOB's 6.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.80% | 4.71% | 5.15% | 5.15% | 4.10% | 4.06% | 4.87% | 4.98% | 5.78% | 6.49% | 5.42% | 6.68% |
VWOB Vanguard Emerging Markets Government Bond ETF | 6.26% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% | 4.49% |
Drawdowns
FNMIX vs. VWOB - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -43.58%, which is greater than VWOB's maximum drawdown of -26.97%. Use the drawdown chart below to compare losses from any high point for FNMIX and VWOB. For additional features, visit the drawdowns tool.
Volatility
FNMIX vs. VWOB - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 3.56%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 4.49%. This indicates that FNMIX experiences smaller price fluctuations and is considered to be less risky than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.