- ISIN
- US3159204391
- Issuer
- Fidelity
- Inception Date
- Jun 15, 1999
- Category
- Asia Pacific Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FERCX Performance Chart
Fidelity Advisor Emerging Asia Fund Class C (FERCX) is up 40.9% since the beginning of the year. FERCX is currently trading at $76 per share. Investors who bought $1,000 worth of FERCX shares 5 years ago would now be looking at an investment worth $1,446.
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Returns By Period
Fidelity Advisor Emerging Asia Fund Class C (FERCX) has returned 40.92% so far this year and 70.14% over the past 12 months. Looking at the last ten years, FERCX has achieved an annualized return of 15.63%, outperforming the S&P 500 Index benchmark, which averaged 13.71% per year.
Fidelity Advisor Emerging Asia Fund Class C
- 1D
- 0.81%
- 1M
- 9.34%
- YTD
- 40.92%
- 6M
- 42.75%
- 1Y
- 70.14%
- 3Y*
- 34.51%
- 5Y*
- 7.66%
- 10Y*
- 15.63%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FERCX Monthly Returns History
Based on dividend-adjusted daily data since Jun 15, 1999, FERCX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +20.3%, while the worst month was Oct 2008 at -20.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FERCX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +13.2%, while the worst single day was Sep 17, 2001 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.00% | 5.66% | -10.19% | 17.95% | 9.91% | 5.10% | 40.92% | ||||||
| 2025 | -0.61% | 3.66% | -0.29% | 0.02% | 4.52% | 7.76% | 3.56% | 3.12% | 8.36% | 2.43% | -4.59% | 3.63% | 35.65% |
| 2024 | -5.69% | 7.67% | 2.71% | 0.26% | 2.29% | 3.08% | 0.63% | 0.16% | 12.58% | -2.20% | 0.59% | -2.70% | 19.76% |
| 2023 | 12.71% | -7.95% | 3.78% | -4.08% | -0.53% | 4.45% | 4.73% | -4.82% | -2.58% | -2.52% | 8.09% | 2.61% | 12.64% |
| 2022 | -7.33% | -8.14% | -6.99% | -9.61% | 1.31% | 2.91% | -2.76% | -2.65% | -12.53% | -4.44% | 20.31% | -3.26% | -31.29% |
| 2021 | 5.94% | 0.11% | -6.11% | 2.76% | -1.74% | 4.60% | -10.71% | 2.26% | -3.13% | 1.13% | -4.72% | -6.03% | -15.75% |
Benchmark Metrics
Fidelity Advisor Emerging Asia Fund Class C has an annualized alpha of 5.84%, beta of 0.69, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since June 15, 1999.
- This fund captured 105.51% of S&P 500 Index gains but only 92.54% of its losses - a favorable profile for investors.
- Beta of 0.69 may look defensive, but with R2 of 0.39 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.84%
- Beta
- 0.69
- R²
- 0.39
- Upside Capture
- 105.51%
- Downside Capture
- 92.54%
Expense Ratio
FERCX has a high expense ratio of 1.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FERCX ranks 91 for risk / return — in the top 91% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class C (FERCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FERCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.32 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | 2.46 | +2.83 |
| Martin ratioReturn relative to average drawdown | 18.05 | 10.92 | +7.13 |
Dividends
Dividend History
Fidelity Advisor Emerging Asia Fund Class C provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.36 | $4.07 | $1.87 | $1.93 | $0.01 | $0.14 | $0.23 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 14.89% | 7.03% | 5.13% | 6.53% | 0.03% | 0.56% | 0.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Emerging Asia Fund Class C. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.36 | $6.36 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Emerging Asia Fund Class C. 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 Asia Fund Class C was 61.15%, occurring on Nov 20, 2008. Recovery took 492 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.15%Nov 2008 | 1y 20d | 1y 11mo | 3y 4dNov 2007 - Nov 2010 |
Dot-com crash2000–2002 | -60.18%Sep 2001 | 1y 7mo | 4y 3mo | 5y 10moFeb 2000 - Jan 2006 |
Bear market2022 | -58.44%Oct 2022 | 1y 8mo | 3y 3mo | 4y 12moFeb 2021 - Feb 2026 |
2016 bear market2016 | -30.38%Jan 2016 | 8mo 27d | 1y 4mo | 2y 24dApr 2015 - May 2017 |
2011 bear market2011 | -28.74%Oct 2011 | 5mo 3d | 2y 8mo | 3y 1moMay 2011 - Jun 2014 |
Drawdown Indicators
| FERCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -56.78% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.62% | -9.10% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -18.90% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -53.94% | -25.43% | -28.51% |
Max Drawdown (10Y)Largest decline over 10 years | -58.44% | -33.92% | -24.52% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -21.18% | -10.71% | -10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.04% | +1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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