PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VMMSX vs. FIQGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VMMSX vs. FIQGX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX).

VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. FIQGX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

VMMSX vs. FIQGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Select Stock Fund (VMMSX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

VMMSX vs. FIQGX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VMMSX
Vanguard Emerging Markets Select Stock Fund		3.63%35.68%5.91%10.58%-18.15%-1.40%15.79%21.42%-1.41%
FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z		6.15%31.96%-3.54%20.94%-11.74%6.86%17.11%19.81%-1.18%

Returns By Period

In the year-to-date period, VMMSX achieves a 3.63% return, which is significantly lower than FIQGX's 6.15% return.

VMMSX

1D
3.05%
1M
-8.67%
YTD
3.63%
6M
7.87%
1Y
33.08%
3Y*
16.11%
5Y*
4.53%
10Y*
9.07%

FIQGX

1D
1.90%
1M
-6.09%
YTD
6.15%
6M
11.78%
1Y
36.85%
3Y*
15.79%
5Y*
7.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Emerging Markets Select Stock Fund

Fidelity Advisor Emerging Markets Discovery Fund Class Z

Often compared with VMMSX:
VMMSX vs. VEMIXVMMSX vs. FEMKXVMMSX vs. VAIGXVMMSX vs. AVEMVMMSX vs. GSYVMMSX vs. VTSAXVMMSX vs. XEMD.DE
Often compared with FIQGX:
FIQGX vs. FEDDXFIQGX vs. FEDAXFIQGX vs. PZIEXFIQGX vs. JEMWXFIQGX vs. CNWIXFIQGX vs. ODVIXFIQGX vs. VEIEX

VMMSX vs. FIQGX - Expense Ratio Comparison

VMMSX has a 0.84% expense ratio, which is lower than FIQGX's 1.05% expense ratio.

FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z
VMMSX
Vanguard Emerging Markets Select Stock Fund

Return for Risk

VMMSX vs. FIQGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMMSX
VMMSX Risk / Return Rank: 8888
Overall Rank
VMMSX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VMMSX Sortino Ratio Rank: 8888
Sortino Ratio Rank
VMMSX Omega Ratio Rank: 8787
Omega Ratio Rank
VMMSX Calmar Ratio Rank: 8888
Calmar Ratio Rank
VMMSX Martin Ratio Rank: 8888
Martin Ratio Rank
FIQGX
FIQGX Risk / Return Rank: 9696
Overall Rank
FIQGX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FIQGX Sortino Ratio Rank: 9595
Sortino Ratio Rank
FIQGX Omega Ratio Rank: 9494
Omega Ratio Rank
FIQGX Calmar Ratio Rank: 9696
Calmar Ratio Rank
FIQGX Martin Ratio Rank: 9595
Martin Ratio Rank
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.

VMMSX vs. FIQGX - 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 Z (FIQGX). 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.

VMMSXFIQGXDifference

Sharpe ratio

Return per unit of total volatility

1.87

2.64

-0.77

Sortino ratio

Return per unit of downside risk

2.44

3.28

-0.84

Omega ratio

Gain probability vs. loss probability

1.37

1.50

-0.13

Calmar ratio

Return relative to maximum drawdown

2.44

3.70

-1.26

Martin ratio

Return relative to average drawdown

9.66

14.41

-4.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMMSX vs. FIQGX - Sharpe Ratio Comparison

The current VMMSX Sharpe Ratio is 1.87, which is comparable to the FIQGX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of VMMSX and FIQGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

VMMSXFIQGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.64

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.57

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.64

-0.37

Correlation

The correlation between VMMSX and FIQGX is 0.90, 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. FIQGX - Dividend Comparison

VMMSX's dividend yield for the trailing twelve months is around 2.24%, less than FIQGX's 4.59% yield.

TTM20252024202320222021202020192018201720162015
VMMSX
Vanguard Emerging Markets Select Stock Fund		2.24%2.32%3.33%3.05%3.71%6.80%1.04%2.04%2.53%1.54%1.44%1.87%
FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z		4.59%4.87%4.07%2.20%1.86%12.04%0.71%1.22%2.16%0.00%0.00%0.00%

Drawdowns

VMMSX vs. FIQGX - Drawdown Comparison

The maximum VMMSX drawdown since its inception was -39.28%, roughly equal to the maximum FIQGX drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for VMMSX and FIQGX.

Loading graphics...

Drawdown Indicators

VMMSXFIQGXDifference

Max Drawdown

Largest peak-to-trough decline

-39.28%

-38.41%

-0.87%

Max Drawdown (1Y)

Largest decline over 1 year

-13.46%

-9.94%

-3.52%

Max Drawdown (5Y)

Largest decline over 5 years

-37.39%

-27.36%

-10.03%

Max Drawdown (10Y)

Largest decline over 10 years

-38.82%

—

—

Current Drawdown

Current decline from peak

-10.82%

-7.83%

-2.99%

Average Drawdown

Average peak-to-trough decline

-13.53%

-7.02%

-6.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.39%

2.55%

+0.84%

Volatility

VMMSX vs. FIQGX - Volatility Comparison

Vanguard Emerging Markets Select Stock Fund (VMMSX) has a higher volatility of 8.89% compared to Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) at 6.78%. This indicates that VMMSX's price experiences larger fluctuations and is considered to be riskier than FIQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

VMMSXFIQGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.89%

6.78%

+2.11%

Volatility (6M)

Calculated over the trailing 6-month period

13.07%

9.92%

+3.15%

Volatility (1Y)

Calculated over the trailing 1-year period

17.95%

14.45%

+3.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

14.01%

+3.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

16.77%

+1.52%