GQGIX vs. FPADX
Compare and contrast key facts about GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) and Fidelity Emerging Markets Index Fund (FPADX).
GQGIX is managed by GQG Partners. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQGIX or FPADX.
Key characteristics
| GQGIX | FPADX | |
|---|---|---|
| YTD Return | 8.33% | 8.46% |
| 1Y Return | 17.10% | 13.70% |
| 3Y Return (Ann) | 1.58% | -3.09% |
| 5Y Return (Ann) | 8.41% | 2.92% |
| Sharpe Ratio | 1.33 | 1.14 |
| Sortino Ratio | 1.80 | 1.66 |
| Omega Ratio | 1.26 | 1.21 |
| Calmar Ratio | 1.02 | 0.56 |
| Martin Ratio | 4.99 | 5.72 |
| Ulcer Index | 3.77% | 2.83% |
| Daily Std Dev | 14.19% | 14.20% |
| Max Drawdown | -34.47% | -39.16% |
| Current Drawdown | -9.97% | -17.84% |
Correlation
The correlation between GQGIX and FPADX is 0.83, 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
GQGIX vs. FPADX - Performance Comparison
The year-to-date returns for both investments are quite close, with GQGIX having a 8.33% return and FPADX slightly higher at 8.46%. 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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GQGIX vs. FPADX - Expense Ratio Comparison
GQGIX has a 0.98% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Risk-Adjusted Performance
GQGIX vs. FPADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) and Fidelity Emerging Markets Index Fund (FPADX). 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
GQGIX vs. FPADX - Dividend Comparison
GQGIX's dividend yield for the trailing twelve months is around 2.50%, more than FPADX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.50% | 2.71% | 5.67% | 2.41% | 0.24% | 1.16% | 0.80% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
FPADX Fidelity Emerging Markets Index Fund | 2.47% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.76% | 1.69% | 2.47% | 2.03% | 2.15% |
Drawdowns
GQGIX vs. FPADX - Drawdown Comparison
The maximum GQGIX drawdown since its inception was -34.47%, smaller than the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for GQGIX and FPADX. For additional features, visit the drawdowns tool.
Volatility
GQGIX vs. FPADX - Volatility Comparison
The current volatility for GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) is 2.53%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 4.51%. This indicates that GQGIX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.