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.
Performance
FPADX vs. GQGIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FPADX having a 7.46% return and GQGIX slightly higher at 7.83%.
FPADX
7.46%
-5.68%
-0.92%
12.20%
2.73%
3.07%
GQGIX
7.83%
-4.69%
-5.37%
16.17%
8.30%
N/A
Key characteristics
| FPADX | GQGIX | |
|---|---|---|
| Sharpe Ratio | 0.82 | 1.14 |
| Sortino Ratio | 1.23 | 1.57 |
| Omega Ratio | 1.15 | 1.22 |
| Calmar Ratio | 0.40 | 0.87 |
| Martin Ratio | 3.93 | 4.14 |
| Ulcer Index | 2.93% | 3.88% |
| Daily Std Dev | 14.03% | 14.13% |
| Max Drawdown | -39.16% | -34.47% |
| Current Drawdown | -18.59% | -10.39% |
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. GQGIX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is lower than GQGIX's 0.98% expense ratio.
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.
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 2.49%, which matches GQGIX's 2.51% 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% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.51% | 2.71% | 5.67% | 2.41% | 0.24% | 1.16% | 0.80% | 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 -34.47%. 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 4.42% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 2.51%. 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.