VMMSX vs. FEDAX
Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
VMMSX vs. FEDAX - Performance Comparison
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VMMSX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 0.57% | 35.68% | 5.91% | 10.58% | -18.15% | -1.40% | 15.79% | 21.42% | -12.53% | 32.01% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, VMMSX achieves a 0.57% return, which is significantly lower than FEDAX's 4.10% return. Over the past 10 years, VMMSX has underperformed FEDAX with an annualized return of 8.74%, while FEDAX has yielded a comparatively higher 9.23% annualized return.
VMMSX
- 1D
- -1.12%
- 1M
- -12.19%
- YTD
- 0.57%
- 6M
- 5.25%
- 1Y
- 29.49%
- 3Y*
- 14.96%
- 5Y*
- 4.13%
- 10Y*
- 8.74%
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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VMMSX vs. FEDAX - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
VMMSX vs. FEDAX — Risk / Return Rank
VMMSX
FEDAX
VMMSX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Select Stock Fund (VMMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| VMMSX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 2.36 | -0.72 |
Sortino ratioReturn per unit of downside risk | 2.16 | 2.95 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.15 | -1.18 |
Martin ratioReturn relative to average drawdown | 7.99 | 12.43 | -4.45 |
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
| VMMSX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.36 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.53 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.59 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.49 | -0.23 |
Correlation
The correlation between VMMSX and FEDAX is 0.89, 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
VMMSX vs. FEDAX - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 2.30%, less than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.30% | 2.32% | 3.33% | 3.05% | 3.71% | 6.80% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
VMMSX vs. FEDAX - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, smaller than the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for VMMSX and FEDAX.
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Drawdown Indicators
| VMMSX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -43.35% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -9.95% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.39% | -27.68% | -9.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -43.35% | +4.53% |
Current DrawdownCurrent decline from peak | -13.46% | -9.58% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -9.06% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.52% | +0.80% |
Volatility
VMMSX vs. FEDAX - Volatility Comparison
Vanguard Emerging Markets Select Stock Fund (VMMSX) has a higher volatility of 8.14% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that VMMSX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMMSX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 6.48% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 9.76% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 14.38% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 13.98% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 15.67% | +2.60% |