FPADX vs. FSGGX
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and Fidelity Global ex U.S. Index Fund (FSGGX).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPADX or FSGGX.
Performance
FPADX vs. FSGGX - Performance Comparison
Returns By Period
In the year-to-date period, FPADX achieves a 7.46% return, which is significantly higher than FSGGX's 6.04% return. Over the past 10 years, FPADX has underperformed FSGGX with an annualized return of 3.07%, while FSGGX has yielded a comparatively higher 4.58% annualized return.
FPADX
7.46%
-5.68%
-0.92%
12.20%
2.73%
3.07%
FSGGX
6.04%
-4.96%
-1.97%
13.34%
5.05%
4.58%
Key characteristics
| FPADX | FSGGX | |
|---|---|---|
| Sharpe Ratio | 0.82 | 1.07 |
| Sortino Ratio | 1.23 | 1.54 |
| Omega Ratio | 1.15 | 1.19 |
| Calmar Ratio | 0.40 | 1.09 |
| Martin Ratio | 3.93 | 5.50 |
| Ulcer Index | 2.93% | 2.36% |
| Daily Std Dev | 14.03% | 12.13% |
| Max Drawdown | -39.16% | -34.76% |
| Current Drawdown | -18.59% | -7.78% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FPADX vs. FSGGX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is higher than FSGGX's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FPADX and FSGGX is 0.87, 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.
Risk-Adjusted Performance
FPADX vs. FSGGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and Fidelity Global ex U.S. Index Fund (FSGGX). 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
FPADX vs. FSGGX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.49%, less than FSGGX's 2.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.49% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.76% | 1.69% | 2.47% | 2.03% | 2.15% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.79% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.09% | 2.06% | 2.44% | 2.61% | 3.42% |
Drawdowns
FPADX vs. FSGGX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, which is greater than FSGGX's maximum drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FPADX and FSGGX. For additional features, visit the drawdowns tool.
Volatility
FPADX vs. FSGGX - Volatility Comparison
Fidelity Emerging Markets Index Fund (FPADX) has a higher volatility of 4.42% compared to Fidelity Global ex U.S. Index Fund (FSGGX) at 3.72%. This indicates that FPADX's price experiences larger fluctuations and is considered to be riskier than FSGGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.