MEMEX vs. FPADX
Compare and contrast key facts about Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) and Fidelity Emerging Markets Index Fund (FPADX).
MEMEX is managed by Morgan Stanley. It was launched on Apr 30, 2017. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
MEMEX vs. FPADX - Performance Comparison
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MEMEX vs. FPADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | -0.28% | 32.98% | 7.82% | 11.90% | -25.14% | 2.99% | 14.40% | 19.61% | -17.46% | 26.45% |
FPADX Fidelity Emerging Markets Index Fund | 0.22% | 33.90% | 6.80% | 9.51% | -20.06% | -3.07% | 17.84% | 18.28% | -14.65% | 26.63% |
Returns By Period
In the year-to-date period, MEMEX achieves a -0.28% return, which is significantly lower than FPADX's 0.22% return.
MEMEX
- 1D
- -1.30%
- 1M
- -14.33%
- YTD
- -0.28%
- 6M
- 6.89%
- 1Y
- 30.98%
- 3Y*
- 15.93%
- 5Y*
- 3.84%
- 10Y*
- —
FPADX
- 1D
- -0.87%
- 1M
- -12.34%
- YTD
- 0.22%
- 6M
- 4.75%
- 1Y
- 29.14%
- 3Y*
- 14.61%
- 5Y*
- 3.41%
- 10Y*
- 7.51%
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MEMEX vs. FPADX - Expense Ratio Comparison
MEMEX has a 1.25% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Return for Risk
MEMEX vs. FPADX — Risk / Return Rank
MEMEX
FPADX
MEMEX vs. FPADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) 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.
| MEMEX | FPADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.64 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.18 | 2.18 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.98 | -0.12 |
Martin ratioReturn relative to average drawdown | 8.39 | 8.08 | +0.31 |
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
| MEMEX | FPADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.64 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.21 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.27 | +0.09 |
Correlation
The correlation between MEMEX and FPADX is 0.95, 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
MEMEX vs. FPADX - Dividend Comparison
MEMEX's dividend yield for the trailing twelve months is around 3.36%, more than FPADX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 3.36% | 3.35% | 1.38% | 3.26% | 13.18% | 0.86% | 2.57% | 7.81% | 0.52% | 0.00% | 0.00% | 0.00% |
FPADX Fidelity Emerging Markets Index Fund | 2.35% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
Drawdowns
MEMEX vs. FPADX - Drawdown Comparison
The maximum MEMEX drawdown since its inception was -39.90%, roughly equal to the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for MEMEX and FPADX.
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Drawdown Indicators
| MEMEX | FPADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.90% | -39.16% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.99% | -13.28% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -37.30% | -37.04% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.16% | — |
Current DrawdownCurrent decline from peak | -14.99% | -13.28% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -13.39% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 3.26% | +0.07% |
Volatility
MEMEX vs. FPADX - Volatility Comparison
Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) has a higher volatility of 9.66% compared to Fidelity Emerging Markets Index Fund (FPADX) at 8.84%. This indicates that MEMEX's price experiences larger fluctuations and is considered to be riskier than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEMEX | FPADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.66% | 8.84% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.28% | 13.29% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 17.59% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 16.64% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 17.60% | +0.43% |