FPADX vs. GQGIX
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. GQGIX is managed by GQG Partners.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPADX or GQGIX.
Key characteristics
| FPADX | GQGIX | |
|---|---|---|
| YTD Return | 6.97% | 12.63% |
| 1Y Return | 12.14% | 24.14% |
| 3Y Return (Ann) | -4.23% | 2.94% |
| 5Y Return (Ann) | 3.55% | 9.48% |
| Sharpe Ratio | 0.87 | 1.64 |
| Daily Std Dev | 13.11% | 14.46% |
| Max Drawdown | -39.16% | -33.50% |
| Current Drawdown | -18.97% | -6.40% |
Correlation
The correlation between FPADX and GQGIX is 0.83, 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. GQGIX - Performance Comparison
In the year-to-date period, FPADX achieves a 6.97% return, which is significantly lower than GQGIX's 12.63% 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. GQGIX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is lower than GQGIX's 0.98% expense ratio.
Risk-Adjusted Performance
FPADX vs. GQGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). 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. GQGIX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.50%, more than GQGIX's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.50% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% | 2.15% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.41% | 2.71% | 5.67% | 3.91% | 0.24% | 1.16% | 0.81% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPADX vs. GQGIX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, which is greater than GQGIX's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FPADX and GQGIX. For additional features, visit the drawdowns tool.
Volatility
FPADX vs. GQGIX - Volatility Comparison
Fidelity Emerging Markets Index Fund (FPADX) has a higher volatility of 4.29% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 3.53%. This indicates that FPADX's price experiences larger fluctuations and is considered to be riskier than GQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.