GQGIX vs. FEDTX
Compare and contrast key facts about GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
GQGIX is managed by GQG Partners. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
GQGIX vs. FEDTX - Performance Comparison
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GQGIX vs. FEDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.19% | 9.92% | 6.19% | 28.81% | -20.85% | -2.37% | 33.98% | 21.08% | -14.70% | 30.20% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 5.98% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 35.46% |
Returns By Period
In the year-to-date period, GQGIX achieves a 2.19% return, which is significantly lower than FEDTX's 5.98% return.
GQGIX
- 1D
- 1.73%
- 1M
- -4.61%
- YTD
- 2.19%
- 6M
- 5.33%
- 1Y
- 12.60%
- 3Y*
- 14.20%
- 5Y*
- 3.39%
- 10Y*
- —
FEDTX
- 1D
- 1.92%
- 1M
- -6.09%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 36.08%
- 3Y*
- 15.07%
- 5Y*
- 7.26%
- 10Y*
- 9.17%
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GQGIX vs. FEDTX - Expense Ratio Comparison
GQGIX has a 0.98% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
GQGIX vs. FEDTX — Risk / Return Rank
GQGIX
FEDTX
GQGIX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 2.59 | -1.58 |
Sortino ratioReturn per unit of downside risk | 1.44 | 3.22 | -1.78 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.49 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.62 | -2.24 |
Martin ratioReturn relative to average drawdown | 4.75 | 13.98 | -9.23 |
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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.59 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.52 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.49 | +0.05 |
Correlation
The correlation between GQGIX and FEDTX 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. FEDTX - Dividend Comparison
GQGIX's dividend yield for the trailing twelve months is around 2.08%, less than FEDTX's 4.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.08% | 2.13% | 1.70% | 2.71% | 5.67% | 3.91% | 0.24% | 1.16% | 0.81% | 0.25% | 0.00% | 0.00% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.06% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
GQGIX vs. FEDTX - Drawdown Comparison
The maximum GQGIX drawdown since its inception was -33.50%, smaller than the maximum FEDTX drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for GQGIX and FEDTX.
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Drawdown Indicators
| GQGIX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -43.70% | +10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -9.94% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | -27.91% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.70% | — |
Current DrawdownCurrent decline from peak | -7.38% | -7.89% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -9.26% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.58% | +0.06% |
Volatility
GQGIX vs. FEDTX - Volatility Comparison
The current volatility for GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) is 5.96%, while Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) has a volatility of 6.74%. This indicates that GQGIX experiences smaller price fluctuations and is considered to be less risky than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQGIX | FEDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 6.74% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 9.87% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 14.41% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 13.98% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 15.65% | +0.35% |