FSSGX vs. EDGE
FSSGX (Fidelity SAI Sustainable Emerging Markets Equity Fund) and EDGE (MRBL Enhanced Equity ETF) are both funds - FSSGX is a Emerging Markets Diversified fund actively managed by Fidelity, while EDGE is a Derivative Income fund actively managed by MRBL. Both are actively managed. Over the past year, FSSGX returned 61.93% vs 28.21% for EDGE. A 0.62 correlation means they provide meaningful diversification when combined. FSSGX charges 0.95%/yr vs 0.74%/yr for EDGE.
Performance
FSSGX vs. EDGE - Performance Comparison
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Returns By Period
In the year-to-date period, FSSGX achieves a 32.93% return, which is significantly higher than EDGE's 9.18% return.
FSSGX
- 1D
- 3.32%
- 1M
- 5.66%
- YTD
- 32.93%
- 6M
- 34.95%
- 1Y
- 61.93%
- 3Y*
- 25.47%
- 5Y*
- —
- 10Y*
- —
EDGE
- 1D
- -0.36%
- 1M
- 1.38%
- YTD
- 9.18%
- 6M
- 9.25%
- 1Y
- 28.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSSGX vs. EDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund | 32.93% | 36.61% |
EDGE MRBL Enhanced Equity ETF | 9.18% | 12.94% |
Correlation
The correlation between FSSGX and EDGE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.62 |
The correlation between FSSGX and EDGE has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
FSSGX vs. EDGE — Risk / Return Rank
FSSGX
EDGE
FSSGX vs. EDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and MRBL Enhanced Equity ETF (EDGE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSSGX | EDGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.48 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 3.14 | +1.42 |
| Martin ratioReturn relative to average drawdown | 16.54 | 16.36 | +0.18 |
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Drawdowns
FSSGX vs. EDGE - Drawdown Comparison
The maximum FSSGX drawdown since its inception was -24.11%, which is greater than EDGE's maximum drawdown of -20.66%. Use the drawdown chart below to compare losses from any high point for FSSGX and EDGE.
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Drawdown Indicators
| FSSGX | EDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.11% | -20.66% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -9.01% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.66% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -2.79% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.73% | +1.98% |
Volatility
FSSGX vs. EDGE - Volatility Comparison
Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) has a higher volatility of 11.31% compared to MRBL Enhanced Equity ETF (EDGE) at 4.35%. This indicates that FSSGX's price experiences larger fluctuations and is considered to be riskier than EDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSSGX | EDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.31% | 4.35% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 9.90% | +9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 11.92% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 16.05% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 16.05% | +3.69% |
FSSGX vs. EDGE - Expense Ratio Comparison
FSSGX has a 0.95% expense ratio, which is higher than EDGE's 0.74% expense ratio.
Dividends
FSSGX vs. EDGE - Dividend Comparison
FSSGX's dividend yield for the trailing twelve months is around 2.16%, while EDGE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EDGE MRBL Enhanced Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund | 2.16% | 2.87% | 3.83% | 1.01% | 0.88% |
Frequently Asked Questions
FSSGX and EDGE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSSGX has higher volatility (11.31%) compared to EDGE (4.35%). In terms of maximum drawdown, FSSGX dropped -24.11% vs EDGE's -20.66%.
FSSGX currently has the higher Sharpe Ratio (2.82 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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