VEIEX vs. FPADX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Fidelity Emerging Markets Index Fund (FPADX).
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. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
VEIEX vs. FPADX - Performance Comparison
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VEIEX vs. FPADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -2.56% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
FPADX Fidelity Emerging Markets Index Fund | 0.22% | 33.90% | 6.80% | 9.51% | -20.06% | -3.07% | 17.84% | 18.28% | -14.65% | 35.16% |
Returns By Period
In the year-to-date period, VEIEX achieves a -2.56% return, which is significantly lower than FPADX's 0.22% return. Over the past 10 years, VEIEX has underperformed FPADX with an annualized return of 7.11%, while FPADX has yielded a comparatively higher 7.51% annualized return.
VEIEX
- 1D
- -0.84%
- 1M
- -9.75%
- YTD
- -2.56%
- 6M
- -1.25%
- 1Y
- 18.92%
- 3Y*
- 12.28%
- 5Y*
- 3.20%
- 10Y*
- 7.11%
FPADX
- 1D
- -0.87%
- 1M
- -12.34%
- YTD
- 0.22%
- 6M
- 4.75%
- 1Y
- 29.14%
- 3Y*
- 14.61%
- 5Y*
- 3.41%
- 10Y*
- 7.51%
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VEIEX vs. FPADX - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Return for Risk
VEIEX vs. FPADX — Risk / Return Rank
VEIEX
FPADX
VEIEX vs. FPADX - 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 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.
| VEIEX | FPADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.64 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.18 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.98 | -0.47 |
Martin ratioReturn relative to average drawdown | 5.60 | 8.08 | -2.48 |
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 | FPADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.64 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.21 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.43 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.27 | +0.04 |
Correlation
The correlation between VEIEX and FPADX is 0.97, 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. FPADX - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.61%, more than FPADX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.61% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
FPADX Fidelity Emerging Markets Index Fund | 2.35% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
Drawdowns
VEIEX vs. FPADX - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -66.47%, which is greater than FPADX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for VEIEX and FPADX.
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Drawdown Indicators
| VEIEX | FPADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -39.16% | -27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -13.28% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -37.04% | +4.31% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -39.16% | +2.86% |
Current DrawdownCurrent decline from peak | -11.06% | -13.28% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -17.29% | -13.39% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.26% | -0.27% |
Volatility
VEIEX vs. FPADX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is 6.39%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 8.84%. This indicates that VEIEX 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.
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Volatility by Period
| VEIEX | FPADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 8.84% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 13.29% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 17.59% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.64% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 17.60% | -1.23% |