Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX)

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Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) is up 20.0% since the beginning of the year. FEDIX is currently trading at $23 per share. Investors who bought $1,000 worth of FEDIX shares 5 years ago would now be looking at an investment worth $1,522.

Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) has returned 20.02% so far this year and 40.71% over the past 12 months. Over the last ten years, FEDIX has returned 10.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Nov 2, 2011, FEDIX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +11.0%, while the worst month was Mar 2020 at -22.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FEDIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -10.9%.

Fidelity Advisor Emerging Markets Discovery Fund Class I has an annualized alpha of 0.42%, beta of 0.64, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since November 03, 2011.

• This fund participated in 83.27% of S&P 500 Index downside but only 69.15% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.64 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

FEDIX has a high expense ratio of 1.19%, indicating above-average management fees.

FEDIX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) and compare them to S&P 500 Index.

Fidelity Advisor Emerging Markets Discovery Fund Class I provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.90 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity Advisor Emerging Markets Discovery Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Advisor Emerging Markets Discovery Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Emerging Markets Discovery Fund Class I was 42.98%, occurring on Mar 23, 2020. Recovery took 180 trading sessions.

The current Fidelity Advisor Emerging Markets Discovery Fund Class I drawdown is 1.11%.

The chart below shows the rolling one-month volatility.