FPADX vs. CWGIX
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and American Funds Capital World Growth and Income Fund Class A (CWGIX).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. CWGIX is managed by American Funds. It was launched on Mar 26, 1993.
Performance
FPADX vs. CWGIX - Performance Comparison
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FPADX vs. CWGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 0.22% | 33.90% | 6.80% | 9.51% | -20.06% | -3.07% | 17.84% | 18.28% | -14.65% | 35.16% |
CWGIX American Funds Capital World Growth and Income Fund Class A | -4.19% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 25.32% | -10.60% | 24.55% |
Returns By Period
In the year-to-date period, FPADX achieves a 0.22% return, which is significantly higher than CWGIX's -4.19% return. Over the past 10 years, FPADX has underperformed CWGIX with an annualized return of 7.51%, while CWGIX has yielded a comparatively higher 10.27% annualized return.
FPADX
- 1D
- -0.87%
- 1M
- -12.34%
- YTD
- 0.22%
- 6M
- 4.75%
- 1Y
- 29.14%
- 3Y*
- 14.61%
- 5Y*
- 3.41%
- 10Y*
- 7.51%
CWGIX
- 1D
- -0.47%
- 1M
- -9.84%
- YTD
- -4.19%
- 6M
- -0.07%
- 1Y
- 19.60%
- 3Y*
- 15.56%
- 5Y*
- 8.31%
- 10Y*
- 10.27%
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FPADX vs. CWGIX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is lower than CWGIX's 0.75% expense ratio.
Return for Risk
FPADX vs. CWGIX — Risk / Return Rank
FPADX
CWGIX
FPADX vs. CWGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and American Funds Capital World Growth and Income Fund Class A (CWGIX). 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.
| FPADX | CWGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.23 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.78 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.57 | +0.41 |
Martin ratioReturn relative to average drawdown | 8.08 | 6.75 | +1.33 |
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
| FPADX | CWGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.23 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.56 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.65 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.65 | -0.38 |
Correlation
The correlation between FPADX and CWGIX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPADX vs. CWGIX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.35%, less than CWGIX's 11.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.35% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 11.03% | 10.54% | 7.88% | 3.20% | 2.09% | 6.82% | 1.23% | 2.44% | 7.00% | 6.63% | 4.96% | 3.78% |
Drawdowns
FPADX vs. CWGIX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, smaller than the maximum CWGIX drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for FPADX and CWGIX.
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Drawdown Indicators
| FPADX | CWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -54.47% | +15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -11.08% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.04% | -27.18% | -9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -32.00% | -7.16% |
Current DrawdownCurrent decline from peak | -13.28% | -10.52% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -7.16% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.58% | +0.68% |
Volatility
FPADX vs. CWGIX - Volatility Comparison
Fidelity Emerging Markets Index Fund (FPADX) has a higher volatility of 8.84% compared to American Funds Capital World Growth and Income Fund Class A (CWGIX) at 5.20%. This indicates that FPADX's price experiences larger fluctuations and is considered to be riskier than CWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPADX | CWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.84% | 5.20% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 10.06% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 15.77% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 14.98% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 15.94% | +1.66% |