GQGIX vs. FEDAX
Compare and contrast key facts about GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
GQGIX is managed by GQG Partners. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
GQGIX vs. FEDAX - Performance Comparison
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GQGIX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 0.45% | 9.92% | 6.19% | 28.81% | -20.85% | -2.37% | 33.98% | 21.08% | -14.70% | 30.20% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 35.39% |
Returns By Period
In the year-to-date period, GQGIX achieves a 0.45% return, which is significantly lower than FEDAX's 4.10% return.
GQGIX
- 1D
- -0.61%
- 1M
- -7.74%
- YTD
- 0.45%
- 6M
- 4.06%
- 1Y
- 10.75%
- 3Y*
- 13.55%
- 5Y*
- 3.40%
- 10Y*
- —
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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GQGIX vs. FEDAX - Expense Ratio Comparison
GQGIX has a 0.98% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
GQGIX vs. FEDAX — Risk / Return Rank
GQGIX
FEDAX
GQGIX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| GQGIX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 2.36 | -1.51 |
Sortino ratioReturn per unit of downside risk | 1.23 | 2.95 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.15 | -2.12 |
Martin ratioReturn relative to average drawdown | 3.60 | 12.43 | -8.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GQGIX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 2.36 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.53 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.03 |
Correlation
The correlation between GQGIX and FEDAX is 0.80, 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.
Dividends
GQGIX vs. FEDAX - Dividend Comparison
GQGIX's dividend yield for the trailing twelve months is around 2.12%, less than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.12% | 2.13% | 1.70% | 2.71% | 5.67% | 3.91% | 0.24% | 1.16% | 0.81% | 0.25% | 0.00% | 0.00% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
GQGIX vs. FEDAX - Drawdown Comparison
The maximum GQGIX drawdown since its inception was -33.50%, smaller than the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for GQGIX and FEDAX.
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Drawdown Indicators
| GQGIX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -43.35% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -9.95% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | -27.68% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.35% | — |
Current DrawdownCurrent decline from peak | -8.96% | -9.58% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -9.06% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.52% | +0.08% |
Volatility
GQGIX vs. FEDAX - Volatility Comparison
The current volatility for GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) is 5.75%, while Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) has a volatility of 6.48%. This indicates that GQGIX experiences smaller price fluctuations and is considered to be less risky than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQGIX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 6.48% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 9.76% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 14.38% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 13.98% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 15.67% | +0.32% |