Correlation
The correlation between PRMSX and FPADX is 0.65, 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.
PRMSX vs. FPADX
Compare and contrast key facts about T. Rowe Price Emerging Markets Stock Fund (PRMSX) and Fidelity Emerging Markets Index Fund (FPADX).
PRMSX is managed by T. Rowe Price. It was launched on Mar 30, 1995. 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: PRMSX or FPADX.
Performance
PRMSX vs. FPADX - Performance Comparison
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Key characteristics
PRMSX:
0.33
FPADX:
0.64
PRMSX:
0.40
FPADX:
0.82
PRMSX:
1.05
FPADX:
1.10
PRMSX:
0.08
FPADX:
0.34
PRMSX:
0.52
FPADX:
1.51
PRMSX:
6.22%
FPADX:
5.64%
PRMSX:
16.38%
FPADX:
17.20%
PRMSX:
-71.13%
FPADX:
-39.16%
PRMSX:
-34.30%
FPADX:
-12.06%
Returns By Period
In the year-to-date period, PRMSX achieves a 5.51% return, which is significantly lower than FPADX's 8.70% return. Over the past 10 years, PRMSX has underperformed FPADX with an annualized return of 2.01%, while FPADX has yielded a comparatively higher 3.58% annualized return.
PRMSX
5.51%
2.29%
4.48%
6.53%
-1.05%
0.34%
2.01%
FPADX
8.70%
3.93%
7.73%
11.86%
4.85%
6.57%
3.58%
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PRMSX vs. FPADX - Expense Ratio Comparison
PRMSX has a 1.20% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Risk-Adjusted Performance
PRMSX vs. FPADX — Risk-Adjusted Performance Rank
PRMSX
FPADX
PRMSX vs. FPADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Stock Fund (PRMSX) 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.
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Dividends
PRMSX vs. FPADX - Dividend Comparison
PRMSX's dividend yield for the trailing twelve months is around 0.33%, less than FPADX's 2.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMSX T. Rowe Price Emerging Markets Stock Fund | 0.33% | 0.35% | 1.09% | 1.17% | 8.26% | 0.49% | 1.24% | 0.61% | 0.58% | 0.69% | 0.56% | 0.86% |
FPADX Fidelity Emerging Markets Index Fund | 2.48% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% |
Drawdowns
PRMSX vs. FPADX - Drawdown Comparison
The maximum PRMSX drawdown since its inception was -71.13%, which is greater than FPADX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for PRMSX and FPADX.
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Volatility
PRMSX vs. FPADX - Volatility Comparison
T. Rowe Price Emerging Markets Stock Fund (PRMSX) and Fidelity Emerging Markets Index Fund (FPADX) have volatilities of 3.78% and 3.74%, 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.
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