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VGAVX vs. FEDCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VGAVX and FEDCX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

VGAVX vs. FEDCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) and Fidelity Series Emerging Markets Debt Fund (FEDCX). The values are adjusted to include any dividend payments, if applicable.

38.00%40.00%42.00%44.00%46.00%48.00%NovemberDecember2025FebruaryMarchApril
41.88%
45.26%
VGAVX
FEDCX

Key characteristics

Sharpe Ratio

VGAVX:

1.64

FEDCX:

1.59

Sortino Ratio

VGAVX:

2.41

FEDCX:

2.28

Omega Ratio

VGAVX:

1.31

FEDCX:

1.31

Calmar Ratio

VGAVX:

0.75

FEDCX:

1.59

Martin Ratio

VGAVX:

6.60

FEDCX:

6.20

Ulcer Index

VGAVX:

1.30%

FEDCX:

1.42%

Daily Std Dev

VGAVX:

5.23%

FEDCX:

5.55%

Max Drawdown

VGAVX:

-26.77%

FEDCX:

-24.92%

Current Drawdown

VGAVX:

-3.10%

FEDCX:

-2.08%

Returns By Period

In the year-to-date period, VGAVX achieves a 2.19% return, which is significantly higher than FEDCX's 1.42% return. Over the past 10 years, VGAVX has underperformed FEDCX with an annualized return of 2.86%, while FEDCX has yielded a comparatively higher 3.63% annualized return.


VGAVX

YTD

2.19%

1M

0.16%

6M

1.64%

1Y

9.16%

5Y*

3.32%

10Y*

2.86%

FEDCX

YTD

1.42%

1M

-0.60%

6M

1.93%

1Y

8.81%

5Y*

5.16%

10Y*

3.63%

*Annualized

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VGAVX vs. FEDCX - Expense Ratio Comparison

VGAVX has a 0.20% expense ratio, which is higher than FEDCX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for VGAVX: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VGAVX: 0.20%
Expense ratio chart for FEDCX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FEDCX: 0.00%

Risk-Adjusted Performance

VGAVX vs. FEDCX — Risk-Adjusted Performance Rank

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

VGAVX
The Risk-Adjusted Performance Rank of VGAVX is 8787
Overall Rank
The Sharpe Ratio Rank of VGAVX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of VGAVX is 8989
Sortino Ratio Rank
The Omega Ratio Rank of VGAVX is 8888
Omega Ratio Rank
The Calmar Ratio Rank of VGAVX is 7979
Calmar Ratio Rank
The Martin Ratio Rank of VGAVX is 8989
Martin Ratio Rank

FEDCX
The Risk-Adjusted Performance Rank of FEDCX is 8989
Overall Rank
The Sharpe Ratio Rank of FEDCX is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of FEDCX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of FEDCX is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FEDCX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FEDCX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VGAVX vs. FEDCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) and Fidelity Series Emerging Markets Debt Fund (FEDCX). 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.


The chart of Sharpe ratio for VGAVX, currently valued at 1.77, compared to the broader market-1.000.001.002.003.00
VGAVX: 1.77
FEDCX: 1.59
The chart of Sortino ratio for VGAVX, currently valued at 2.59, compared to the broader market-2.000.002.004.006.008.0010.00
VGAVX: 2.59
FEDCX: 2.28
The chart of Omega ratio for VGAVX, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.00
VGAVX: 1.34
FEDCX: 1.31
The chart of Calmar ratio for VGAVX, currently valued at 0.82, compared to the broader market0.002.004.006.008.0010.00
VGAVX: 0.82
FEDCX: 1.59
The chart of Martin ratio for VGAVX, currently valued at 7.02, compared to the broader market0.0010.0020.0030.0040.0050.00
VGAVX: 7.02
FEDCX: 6.20

The current VGAVX Sharpe Ratio is 1.64, which is comparable to the FEDCX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VGAVX and FEDCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
1.77
1.59
VGAVX
FEDCX

Dividends

VGAVX vs. FEDCX - Dividend Comparison

VGAVX's dividend yield for the trailing twelve months is around 6.27%, more than FEDCX's 5.77% yield.


TTM20242023202220212020201920182017201620152014
VGAVX
Vanguard Emerging Markets Government Bond Index Fund Admiral Shares
6.27%6.05%5.50%5.29%4.07%4.20%4.60%4.54%4.62%4.73%4.94%4.50%
FEDCX
Fidelity Series Emerging Markets Debt Fund
5.77%5.66%6.03%5.74%4.53%4.99%5.89%6.08%7.35%6.16%6.57%6.74%

Drawdowns

VGAVX vs. FEDCX - Drawdown Comparison

The maximum VGAVX drawdown since its inception was -26.77%, which is greater than FEDCX's maximum drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for VGAVX and FEDCX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.10%
-2.08%
VGAVX
FEDCX

Volatility

VGAVX vs. FEDCX - Volatility Comparison

The current volatility for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) is 2.82%, while Fidelity Series Emerging Markets Debt Fund (FEDCX) has a volatility of 3.40%. This indicates that VGAVX experiences smaller price fluctuations and is considered to be less risky than FEDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.82%
3.40%
VGAVX
FEDCX