VGEM.DE vs. FAFDX

Last updated Jun 5, 2026

VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and FAFDX (Fidelity Advisor Financial Services Fund Class A) are both funds - VGEM.DE is a Emerging Markets Bonds fund tracking the Bloomberg EM USD Sovereign + Quasi-Sov, while FAFDX is a Financials Equities fund managed by BlackRock. Over the past 5 years, VGEM.DE returned 2.73%/yr vs 11.17%/yr for FAFDX. At a 0.26 correlation, their price movements are largely independent. VGEM.DE charges 0.25%/yr vs 1.03%/yr for FAFDX.

Performance

VGEM.DE vs. FAFDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) and Fidelity Advisor Financial Services Fund Class A (FAFDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGEM.DE is traded in EUR, while FAFDX is traded in USD. To make them comparable, the FAFDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGEM.DE achieves a 2.34% return, which is significantly higher than FAFDX's -2.27% return.

VGEM.DE

• 1D: 0.20%
• 1M: 1.24%
• YTD: 2.34%
• 6M: 1.63%
• 1Y: 6.72%
• 3Y*: 5.24%
• 5Y*: 2.73%
• 10Y*: —

FAFDX

• 1D: -1.19%
• 1M: -1.39%
• YTD: -2.27%
• 6M: -0.15%
• 1Y: 5.82%
• 3Y*: 19.35%
• 5Y*: 11.17%
• 10Y*: 12.89%

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

VGEM.DE vs. FAFDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing	2.34%	-1.55%	12.06%	5.25%	-10.22%	5.82%	-3.91%	15.57%	0.84%	-1.87%
FAFDX Fidelity Advisor Financial Services Fund Class A	-2.27%	1.27%	48.19%	10.61%	-3.29%	42.84%	-8.47%	36.79%	-12.15%	1.31%

Correlation

The correlation between VGEM.DE and FAFDX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.26

Return for Risk

VGEM.DE vs. FAFDX — Risk / Return Rank

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

VGEM.DE

VGEM.DE Risk / Return Rank: 35
VGEM.DE Sharpe Ratio Rank: 32
VGEM.DE Sortino Ratio Rank: 31
VGEM.DE Omega Ratio Rank: 31
VGEM.DE Calmar Ratio Rank: 44
VGEM.DE Martin Ratio Rank: 38

FAFDX

FAFDX Risk / Return Rank: 6
FAFDX Sharpe Ratio Rank: 6
FAFDX Sortino Ratio Rank: 6
FAFDX Omega Ratio Rank: 6
FAFDX Calmar Ratio Rank: 6
FAFDX Martin Ratio Rank: 6

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.

VGEM.DE vs. FAFDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) and Fidelity Advisor Financial Services Fund Class A (FAFDX). 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.

	VGEM.DE	FAFDX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.30	+0.83
Sortino ratio: Return per unit of downside risk	1.65	0.49	+1.17
Omega ratio: Gain probability vs. loss probability	1.21	1.06	+0.14
Calmar ratio: Return relative to maximum drawdown	2.16	0.41	+1.75
Martin ratio: Return relative to average drawdown	5.71	1.09	+4.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGEM.DE vs. FAFDX - Sharpe Ratio Comparison

The current VGEM.DE Sharpe Ratio is 1.13, which is higher than the FAFDX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of VGEM.DE and FAFDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VGEM.DE	FAFDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	0.30	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.54	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.23	+0.06

Drawdowns

VGEM.DE vs. FAFDX - Drawdown Comparison

The maximum VGEM.DE drawdown since its inception was -19.64%, smaller than the maximum FAFDX drawdown of -71.89%. Use the drawdown chart below to compare losses from any high point for VGEM.DE and FAFDX.

Drawdown Indicators

	VGEM.DE	FAFDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-71.89%	+52.25%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-11.71%	+8.61%
Max Drawdown (3Y) Largest decline over 3 years	-11.98%	-23.75%	+11.77%
Max Drawdown (5Y) Largest decline over 5 years	-12.46%	-23.75%	+11.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.63%	—
Current Drawdown Current decline from peak	-2.18%	-7.43%	+5.25%
Average Drawdown Average peak-to-trough decline	-6.63%	-20.40%	+13.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	4.44%	-3.27%

Volatility

VGEM.DE vs. FAFDX - Volatility Comparison

The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) is 1.18%, while Fidelity Advisor Financial Services Fund Class A (FAFDX) has a volatility of 3.42%. This indicates that VGEM.DE experiences smaller price fluctuations and is considered to be less risky than FAFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGEM.DE	FAFDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	3.42%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	3.96%	11.92%	-7.96%
Volatility (1Y) Calculated over the trailing 1-year period	5.93%	16.41%	-10.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.89%	20.89%	-13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.77%	24.24%	-15.47%

VGEM.DE vs. FAFDX - Expense Ratio Comparison

VGEM.DE has a 0.25% expense ratio, which is lower than FAFDX's 1.03% expense ratio.

Dividends

VGEM.DE vs. FAFDX - Dividend Comparison

VGEM.DE's dividend yield for the trailing twelve months is around 5.06%, less than FAFDX's 7.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAFDX Fidelity Advisor Financial Services Fund Class A	7.18%	6.93%	9.59%	2.29%	5.93%	4.21%	2.47%	1.21%	4.00%	0.06%	0.21%	0.53%
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing	5.06%	5.60%	5.23%	5.14%	4.84%	3.16%	3.99%	3.87%	3.84%	0.68%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGEM.DE and FAFDX in my portfolio?

VGEM.DE and FAFDX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.