FPADX vs. FZILX
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and Fidelity ZERO International Index Fund (FZILX).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. FZILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPADX or FZILX.
Key characteristics
| FPADX | FZILX | |
|---|---|---|
| YTD Return | 13.93% | 11.47% |
| 1Y Return | 22.68% | 22.85% |
| 3Y Return (Ann) | -1.46% | 2.63% |
| 5Y Return (Ann) | 4.48% | 6.96% |
| Sharpe Ratio | 1.61 | 1.68 |
| Sortino Ratio | 2.30 | 2.41 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 0.70 | 1.28 |
| Martin Ratio | 8.77 | 10.53 |
| Ulcer Index | 2.57% | 2.17% |
| Daily Std Dev | 14.04% | 13.63% |
| Max Drawdown | -39.16% | -34.37% |
| Current Drawdown | -13.69% | -3.14% |
Correlation
The correlation between FPADX and FZILX 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.
Performance
FPADX vs. FZILX - Performance Comparison
In the year-to-date period, FPADX achieves a 13.93% return, which is significantly higher than FZILX's 11.47% 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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FPADX vs. FZILX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is higher than FZILX's 0.00% 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%.
Risk-Adjusted Performance
FPADX vs. FZILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and Fidelity ZERO International Index Fund (FZILX). 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. FZILX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.35%, less than FZILX's 2.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.35% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% | 2.15% |
FZILX Fidelity ZERO International Index Fund | 2.67% | 2.98% | 2.71% | 2.61% | 1.64% | 2.83% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPADX vs. FZILX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, which is greater than FZILX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FPADX and FZILX. For additional features, visit the drawdowns tool.
Volatility
FPADX vs. FZILX - Volatility Comparison
Fidelity Emerging Markets Index Fund (FPADX) has a higher volatility of 6.13% compared to Fidelity ZERO International Index Fund (FZILX) at 4.49%. This indicates that FPADX's price experiences larger fluctuations and is considered to be riskier than FZILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.