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FPADX vs. VWO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FPADX and VWO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.7

Performance

FPADX vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Emerging Markets Index Fund (FPADX) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
55.46%
63.81%
FPADX
VWO

Key characteristics

Sharpe Ratio

FPADX:

0.63

VWO:

0.69

Sortino Ratio

FPADX:

1.00

VWO:

1.08

Omega Ratio

FPADX:

1.13

VWO:

1.14

Calmar Ratio

FPADX:

0.43

VWO:

0.66

Martin Ratio

FPADX:

1.94

VWO:

2.19

Ulcer Index

FPADX:

5.61%

VWO:

5.78%

Daily Std Dev

FPADX:

17.19%

VWO:

18.50%

Max Drawdown

FPADX:

-39.16%

VWO:

-67.68%

Current Drawdown

FPADX:

-16.00%

VWO:

-8.90%

Returns By Period

In the year-to-date period, FPADX achieves a 3.82% return, which is significantly higher than VWO's 2.33% return. Over the past 10 years, FPADX has underperformed VWO with an annualized return of 2.57%, while VWO has yielded a comparatively higher 3.02% annualized return.


FPADX

YTD

3.82%

1M

-2.25%

6M

-1.73%

1Y

9.36%

5Y*

6.85%

10Y*

2.57%

VWO

YTD

2.33%

1M

-2.28%

6M

-1.97%

1Y

11.41%

5Y*

8.42%

10Y*

3.02%

*Annualized

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FPADX vs. VWO - Expense Ratio Comparison

FPADX has a 0.08% expense ratio, which is lower than VWO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for VWO: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWO: 0.08%
Expense ratio chart for FPADX: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FPADX: 0.08%

Risk-Adjusted Performance

FPADX vs. VWO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPADX
The Risk-Adjusted Performance Rank of FPADX is 6262
Overall Rank
The Sharpe Ratio Rank of FPADX is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of FPADX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of FPADX is 6262
Omega Ratio Rank
The Calmar Ratio Rank of FPADX is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FPADX is 5858
Martin Ratio Rank

VWO
The Risk-Adjusted Performance Rank of VWO is 6969
Overall Rank
The Sharpe Ratio Rank of VWO is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of VWO is 7171
Sortino Ratio Rank
The Omega Ratio Rank of VWO is 6969
Omega Ratio Rank
The Calmar Ratio Rank of VWO is 7474
Calmar Ratio Rank
The Martin Ratio Rank of VWO is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FPADX vs. VWO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and Vanguard FTSE Emerging Markets ETF (VWO). 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.


The chart of Sharpe ratio for FPADX, currently valued at 0.63, compared to the broader market-1.000.001.002.003.00
FPADX: 0.63
VWO: 0.69
The chart of Sortino ratio for FPADX, currently valued at 1.00, compared to the broader market-2.000.002.004.006.008.00
FPADX: 1.00
VWO: 1.08
The chart of Omega ratio for FPADX, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.00
FPADX: 1.13
VWO: 1.14
The chart of Calmar ratio for FPADX, currently valued at 0.43, compared to the broader market0.002.004.006.008.0010.00
FPADX: 0.43
VWO: 0.66
The chart of Martin ratio for FPADX, currently valued at 1.94, compared to the broader market0.0010.0020.0030.0040.0050.00
FPADX: 1.94
VWO: 2.19

The current FPADX Sharpe Ratio is 0.63, which is comparable to the VWO Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of FPADX and VWO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.63
0.69
FPADX
VWO

Dividends

FPADX vs. VWO - Dividend Comparison

FPADX's dividend yield for the trailing twelve months is around 2.60%, less than VWO's 3.15% yield.


TTM20242023202220212020201920182017201620152014
FPADX
Fidelity Emerging Markets Index Fund
2.60%2.70%2.68%2.47%2.14%1.50%2.59%2.20%1.76%1.69%2.47%2.03%
VWO
Vanguard FTSE Emerging Markets ETF
3.15%3.20%3.52%4.11%2.63%1.91%3.24%2.88%2.30%2.52%3.26%2.86%

Drawdowns

FPADX vs. VWO - Drawdown Comparison

The maximum FPADX drawdown since its inception was -39.16%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FPADX and VWO. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-16.00%
-8.90%
FPADX
VWO

Volatility

FPADX vs. VWO - Volatility Comparison

The current volatility for Fidelity Emerging Markets Index Fund (FPADX) is 9.57%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 11.03%. This indicates that FPADX experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
9.57%
11.03%
FPADX
VWO