FSEAX vs. EWY
Compare and contrast key facts about Fidelity Emerging Asia Fund (FSEAX) and iShares MSCI South Korea ETF (EWY).
FSEAX is managed by Fidelity. It was launched on Apr 19, 1993. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSEAX or EWY.
Key characteristics
| FSEAX | EWY | |
|---|---|---|
| YTD Return | 8.74% | 0.24% |
| 1Y Return | 19.17% | 9.51% |
| 3Y Return (Ann) | -10.12% | -9.40% |
| 5Y Return (Ann) | 7.61% | 4.51% |
| 10Y Return (Ann) | 7.89% | 2.29% |
| Sharpe Ratio | 1.20 | 0.44 |
| Daily Std Dev | 16.10% | 21.32% |
| Max Drawdown | -65.12% | -74.14% |
| Current Drawdown | -38.46% | -27.59% |
Correlation
The correlation between FSEAX and EWY is 0.72, 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
FSEAX vs. EWY - Performance Comparison
In the year-to-date period, FSEAX achieves a 8.74% return, which is significantly higher than EWY's 0.24% return. Over the past 10 years, FSEAX has outperformed EWY with an annualized return of 7.89%, while EWY has yielded a comparatively lower 2.29% annualized 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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FSEAX vs. EWY - Expense Ratio Comparison
FSEAX has a 1.02% expense ratio, which is higher than EWY's 0.59% expense ratio.
Risk-Adjusted Performance
FSEAX vs. EWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Asia Fund (FSEAX) and iShares MSCI South Korea ETF (EWY). 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
FSEAX vs. EWY - Dividend Comparison
FSEAX's dividend yield for the trailing twelve months is around 0.07%, less than EWY's 2.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEAX Fidelity Emerging Asia Fund | 0.07% | 0.08% | 0.00% | 14.14% | 14.10% | 6.15% | 3.44% | 0.87% | 1.26% | 0.44% | 0.90% | 1.26% |
EWY iShares MSCI South Korea ETF | 2.51% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% | 1.20% | 1.39% |
Drawdowns
FSEAX vs. EWY - Drawdown Comparison
The maximum FSEAX drawdown since its inception was -65.12%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for FSEAX and EWY. For additional features, visit the drawdowns tool.
Volatility
FSEAX vs. EWY - Volatility Comparison
The current volatility for Fidelity Emerging Asia Fund (FSEAX) is 6.42%, while iShares MSCI South Korea ETF (EWY) has a volatility of 7.71%. This indicates that FSEAX experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.