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.
Correlation
The correlation between MSMLX and FEDDX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSMLX vs. FEDDX - Performance Comparison
Key characteristics
MSMLX:
-0.18
FEDDX:
0.17
MSMLX:
-0.13
FEDDX:
0.34
MSMLX:
0.98
FEDDX:
1.04
MSMLX:
-0.09
FEDDX:
0.13
MSMLX:
-0.32
FEDDX:
0.37
MSMLX:
9.58%
FEDDX:
6.94%
MSMLX:
17.19%
FEDDX:
15.02%
MSMLX:
-45.68%
FEDDX:
-42.98%
MSMLX:
-28.29%
FEDDX:
-10.41%
Returns By Period
In the year-to-date period, MSMLX achieves a 0.04% return, which is significantly lower than FEDDX's 3.54% return. Over the past 10 years, MSMLX has underperformed FEDDX with an annualized return of 0.68%, while FEDDX has yielded a comparatively higher 3.75% annualized return.
MSMLX
0.04%
-1.03%
-7.97%
-5.34%
8.38%
0.68%
FEDDX
3.54%
-0.63%
-2.98%
0.59%
9.77%
3.75%
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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 Rank
MSMLX
FEDDX
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 3.30%, less than FEDDX's 3.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | 3.30% | 3.31% | 1.59% | 0.39% | 0.00% | 0.21% | 0.51% | 0.49% | 0.43% | 0.43% | 0.13% | 0.39% |
FEDDX Fidelity Emerging Markets Discovery Fund | 3.85% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 2.24% | 1.36% | 0.81% | 0.00% |
Drawdowns
MSMLX vs. FEDDX - Drawdown Comparison
The maximum MSMLX drawdown since its inception was -45.68%, which is greater than FEDDX's maximum drawdown of -42.98%. 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) and Fidelity Emerging Markets Discovery Fund (FEDDX) have volatilities of 8.59% and 8.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.