POGRX vs. FPADX

Last updated Jun 23, 2026

POGRX (PrimeCap Odyssey Growth Fund) and FPADX (Fidelity Emerging Markets Index Fund) are both mutual funds - POGRX is a Large Cap Growth Equities fund managed by PRIMECAP Odyssey Funds, while FPADX is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index. Over the past 10 years, POGRX returned 17.99%/yr vs 10.38%/yr for FPADX. A 0.66 correlation means they provide meaningful diversification when combined. POGRX charges 0.65%/yr vs 0.07%/yr for FPADX.

Performance

POGRX vs. FPADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PrimeCap Odyssey Growth Fund (POGRX) and Fidelity Emerging Markets Index Fund (FPADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with POGRX at 29.75% and FPADX at 29.75%. Over the past 10 years, POGRX has outperformed FPADX with an annualized return of 17.99%, while FPADX has yielded a comparatively lower 10.38% annualized return.

POGRX

• 1D: 2.81%
• 1M: 7.74%
• YTD: 29.75%
• 6M: 27.90%
• 1Y: 67.31%
• 3Y*: 28.60%
• 5Y*: 16.63%
• 10Y*: 17.99%

FPADX

• 1D: 3.20%
• 1M: 7.38%
• YTD: 29.75%
• 6M: 31.68%
• 1Y: 55.46%
• 3Y*: 23.15%
• 5Y*: 8.35%
• 10Y*: 10.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

POGRX vs. FPADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POGRX PrimeCap Odyssey Growth Fund	29.75%	32.99%	13.09%	23.85%	-14.61%	18.81%	17.05%	23.98%	-4.56%	32.07%
FPADX Fidelity Emerging Markets Index Fund	29.75%	33.90%	6.80%	9.51%	-20.06%	-3.07%	17.84%	18.28%	-14.65%	35.16%

Correlation

The correlation between POGRX and FPADX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011	0.66

The correlation between POGRX and FPADX has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

Return for Risk

POGRX vs. FPADX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

POGRX

POGRX Risk / Return Rank: 93
POGRX Sharpe Ratio Rank: 97
POGRX Sortino Ratio Rank: 93
POGRX Omega Ratio Rank: 90
POGRX Calmar Ratio Rank: 92
POGRX Martin Ratio Rank: 94

FPADX

FPADX Risk / Return Rank: 85
FPADX Sharpe Ratio Rank: 89
FPADX Sortino Ratio Rank: 78
FPADX Omega Ratio Rank: 84
FPADX Calmar Ratio Rank: 88
FPADX Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

POGRX vs. FPADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PrimeCap Odyssey Growth Fund (POGRX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	POGRX	FPADX	Difference
Sharpe ratio: Return per unit of total volatility	3.42	2.72	+0.70
Sortino ratio: Return per unit of downside risk	4.43	3.40	+1.03
Omega ratio: Gain probability vs. loss probability	1.60	1.52	+0.08
Calmar ratio: Return relative to maximum drawdown	4.63	4.13	+0.50
Martin ratio: Return relative to average drawdown	19.52	15.52	+4.00

POGRX vs. FPADX - Sharpe Ratio Comparison

The current POGRX Sharpe Ratio is 3.42, which is comparable to the FPADX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of POGRX and FPADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

POGRX vs. FPADX - Drawdown Comparison

The maximum POGRX drawdown since its inception was -51.63%, which is greater than FPADX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for POGRX and FPADX.

Drawdown Indicators

	POGRX	FPADX	Difference
Max Drawdown Largest peak-to-trough decline	-51.63%	-39.16%	-12.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-13.28%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-22.13%	-16.09%	-6.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.85%	-36.86%	+10.01%
Max Drawdown (10Y) Largest decline over 10 years	-35.29%	-39.16%	+3.87%
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-7.12%	-13.23%	+6.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.52%	-0.11%

Volatility

POGRX vs. FPADX - Volatility Comparison

The current volatility for PrimeCap Odyssey Growth Fund (POGRX) is 8.95%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 10.91%. This indicates that POGRX 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.

Volatility by Period

	POGRX	FPADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.95%	10.91%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	16.45%	18.17%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	19.47%	20.14%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	17.63%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	18.05%	+2.56%

POGRX vs. FPADX - Expense Ratio Comparison

POGRX has a 0.65% expense ratio, which is higher than FPADX's 0.08% expense ratio.

Dividends

POGRX vs. FPADX - Dividend Comparison

POGRX's dividend yield for the trailing twelve months is around 19.18%, more than FPADX's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPADX Fidelity Emerging Markets Index Fund	1.81%	2.35%	2.70%	2.68%	2.47%	2.14%	1.50%	2.59%	2.20%	0.12%	1.69%	2.47%
POGRX PrimeCap Odyssey Growth Fund	19.18%	24.89%	20.79%	13.28%	12.36%	13.68%	12.50%	5.13%	2.45%	1.54%	5.83%	1.29%

Frequently Asked Questions

Can I hold both POGRX and FPADX in my portfolio?

POGRX and FPADX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POGRX or FPADX?

FPADX has higher volatility (10.91%) compared to POGRX (8.95%). In terms of maximum drawdown, POGRX dropped -51.63% vs FPADX's -39.16%.

Which has better risk-adjusted returns?

POGRX currently has the higher Sharpe Ratio (3.42 vs 2.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.