MSMLX vs. FEDDX
Compare and contrast key facts about Matthews Emerging Markets Small Companies Fund (MSMLX) and Fidelity Emerging Markets Discovery Fund (FEDDX).
MSMLX is managed by Matthews Asia Funds. It was launched on Sep 14, 2008. FEDDX is managed by Fidelity. It was launched on Nov 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSMLX or FEDDX.
Key characteristics
| MSMLX | FEDDX | |
|---|---|---|
| YTD Return | 2.55% | 1.83% |
| 1Y Return | 5.81% | 9.00% |
| 3Y Return (Ann) | 0.93% | 0.84% |
| 5Y Return (Ann) | 13.37% | 7.86% |
| 10Y Return (Ann) | 6.86% | 5.08% |
| Sharpe Ratio | 0.31 | 0.71 |
| Daily Std Dev | 18.60% | 12.75% |
| Max Drawdown | -36.40% | -42.95% |
| Current Drawdown | -4.15% | -3.18% |
Correlation
The correlation between MSMLX and FEDDX is 0.78, 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
MSMLX vs. FEDDX - Performance Comparison
In the year-to-date period, MSMLX achieves a 2.55% return, which is significantly higher than FEDDX's 1.83% return. Over the past 10 years, MSMLX has outperformed FEDDX with an annualized return of 6.86%, while FEDDX has yielded a comparatively lower 5.08% annualized return. 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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MSMLX vs. FEDDX - Expense Ratio Comparison
MSMLX has a 1.37% expense ratio, which is higher than FEDDX's 1.19% expense ratio.
Risk-Adjusted Performance
MSMLX vs. FEDDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Small Companies Fund (MSMLX) and Fidelity Emerging Markets Discovery Fund (FEDDX). 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
MSMLX vs. FEDDX - Dividend Comparison
MSMLX's dividend yield for the trailing twelve months is around 8.16%, more than FEDDX's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | 8.16% | 8.36% | 8.04% | 5.83% | 0.28% | 0.51% | 21.31% | 8.12% | 0.43% | 0.13% | 0.39% | 0.48% |
FEDDX Fidelity Emerging Markets Discovery Fund | 2.01% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 2.24% | 1.36% | 0.81% | 0.00% | 3.87% |
Drawdowns
MSMLX vs. FEDDX - Drawdown Comparison
The maximum MSMLX drawdown since its inception was -36.40%, smaller than the maximum FEDDX drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for MSMLX and FEDDX. For additional features, visit the drawdowns tool.
Volatility
MSMLX vs. FEDDX - Volatility Comparison
Matthews Emerging Markets Small Companies Fund (MSMLX) has a higher volatility of 4.40% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 3.83%. This indicates that MSMLX's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.