VEIEX vs. FHKFX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Fidelity Series Emerging Markets Fund (FHKFX).
VEIEX is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It was launched on May 4, 1994. FHKFX is managed by Fidelity. It was launched on Aug 29, 2018.
Performance
VEIEX vs. FHKFX - Performance Comparison
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VEIEX vs. FHKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -0.26% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -9.13% |
FHKFX Fidelity Series Emerging Markets Fund | 7.41% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
Returns By Period
In the year-to-date period, VEIEX achieves a -0.26% return, which is significantly lower than FHKFX's 7.41% return.
VEIEX
- 1D
- 2.35%
- 1M
- -6.43%
- YTD
- -0.26%
- 6M
- 0.31%
- 1Y
- 21.25%
- 3Y*
- 13.15%
- 5Y*
- 3.42%
- 10Y*
- 7.36%
FHKFX
- 1D
- 3.28%
- 1M
- -7.69%
- YTD
- 7.41%
- 6M
- 10.84%
- 1Y
- 40.51%
- 3Y*
- 18.59%
- 5Y*
- 4.00%
- 10Y*
- —
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VEIEX vs. FHKFX - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is higher than FHKFX's 0.01% expense ratio.
Return for Risk
VEIEX vs. FHKFX — Risk / Return Rank
VEIEX
FHKFX
VEIEX vs. FHKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Fidelity Series Emerging Markets Fund (FHKFX). 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.
| VEIEX | FHKFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 2.14 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.74 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.23 | -1.31 |
Martin ratioReturn relative to average drawdown | 7.00 | 11.96 | -4.96 |
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
| VEIEX | FHKFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.14 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.21 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.28 | +0.03 |
Correlation
The correlation between VEIEX and FHKFX 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
VEIEX vs. FHKFX - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.55%, more than FHKFX's 2.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.55% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
FHKFX Fidelity Series Emerging Markets Fund | 2.21% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% | 0.00% |
Drawdowns
VEIEX vs. FHKFX - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -66.47%, which is greater than FHKFX's maximum drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for VEIEX and FHKFX.
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Drawdown Indicators
| VEIEX | FHKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -45.47% | -21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -12.54% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -42.10% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | — | — |
Current DrawdownCurrent decline from peak | -8.97% | -9.67% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -17.29% | -17.58% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.39% | -0.35% |
Volatility
VEIEX vs. FHKFX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is 6.91%, while Fidelity Series Emerging Markets Fund (FHKFX) has a volatility of 10.26%. This indicates that VEIEX experiences smaller price fluctuations and is considered to be less risky than FHKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEIEX | FHKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 10.26% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 14.93% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 19.51% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 18.75% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 19.57% | -3.18% |