VMMSX vs. FHKAX
Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and Fidelity Advisor China Region Fund Class A (FHKAX).
VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. FHKAX is managed by Fidelity. It was launched on May 9, 2008.
Performance
VMMSX vs. FHKAX - Performance Comparison
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VMMSX vs. FHKAX - 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% |
FHKAX Fidelity Advisor China Region Fund Class A | 5.42% | 42.19% | 22.84% | -0.60% | -24.09% | -13.95% | 47.37% | 34.71% | -17.67% | 51.46% |
Returns By Period
In the year-to-date period, VMMSX achieves a 0.57% return, which is significantly lower than FHKAX's 5.42% return. Over the past 10 years, VMMSX has underperformed FHKAX with an annualized return of 8.74%, while FHKAX has yielded a comparatively higher 11.83% 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%
FHKAX
- 1D
- -0.67%
- 1M
- -9.06%
- YTD
- 5.42%
- 6M
- 6.13%
- 1Y
- 43.43%
- 3Y*
- 19.54%
- 5Y*
- 2.51%
- 10Y*
- 11.83%
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VMMSX vs. FHKAX - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is lower than FHKAX's 1.21% expense ratio.
Return for Risk
VMMSX vs. FHKAX — Risk / Return Rank
VMMSX
FHKAX
VMMSX vs. FHKAX - 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 China Region Fund Class A (FHKAX). 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 | FHKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.85 | -0.21 |
Sortino ratioReturn per unit of downside risk | 2.16 | 2.39 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.48 | -0.51 |
Martin ratioReturn relative to average drawdown | 7.99 | 9.62 | -1.63 |
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 | FHKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.85 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.11 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.54 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.31 | -0.05 |
Correlation
The correlation between VMMSX and FHKAX is 0.85, 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. FHKAX - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 2.30%, more than FHKAX's 1.51% 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% |
FHKAX Fidelity Advisor China Region Fund Class A | 1.51% | 1.59% | 1.22% | 1.58% | 0.59% | 10.80% | 4.71% | 0.38% | 0.39% | 0.21% | 0.99% | 15.33% |
Drawdowns
VMMSX vs. FHKAX - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, smaller than the maximum FHKAX drawdown of -58.62%. Use the drawdown chart below to compare losses from any high point for VMMSX and FHKAX.
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Drawdown Indicators
| VMMSX | FHKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -58.62% | +19.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -15.97% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.39% | -54.04% | +16.65% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -58.62% | +19.80% |
Current DrawdownCurrent decline from peak | -13.46% | -10.83% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -19.15% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 4.12% | -0.80% |
Volatility
VMMSX vs. FHKAX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Select Stock Fund (VMMSX) is 8.14%, while Fidelity Advisor China Region Fund Class A (FHKAX) has a volatility of 9.26%. This indicates that VMMSX experiences smaller price fluctuations and is considered to be less risky than FHKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMMSX | FHKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 9.26% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 16.44% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 23.16% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 23.95% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 22.09% | -3.82% |