Fidelity Advisor Emerging Asia Fund Class I (FERIX)

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Fidelity Advisor Emerging Asia Fund Class I (FERIX) is up 40.2% since the beginning of the year. FERIX is currently trading at $94 per share. Investors who bought $1,000 worth of FERIX shares 5 years ago would now be looking at an investment worth $1,533.

Fidelity Advisor Emerging Asia Fund Class I (FERIX) has returned 40.20% so far this year and 76.07% over the past 12 months. Looking at the last ten years, FERIX has achieved an annualized return of 16.39%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.

Based on dividend-adjusted daily data since Mar 31, 1994, FERIX's average daily return is +0.04%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jun 1999 with a return of +51.7%, while the worst month was Jan 1999 at -41.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FERIX closed higher 44% of trading days. The best single day was Jun 15, 1999 with a return of +42.0%, while the worst single day was Jan 29, 1999 at -41.8%.

Fidelity Advisor Emerging Asia Fund Class I has an annualized alpha of 4.81%, beta of 0.62, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since April 04, 1994.

• This fund participated in 89.88% of S&P 500 Index downside but only 89.39% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.62 may look defensive, but with R2 of 0.26 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 0.26 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FERIX has a high expense ratio of 0.94%, indicating above-average management fees.

FERIX ranks 94 for risk / return — in the top 94% 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 Asia Fund Class I (FERIX) and compare them to S&P 500 Index.

Fidelity Advisor Emerging Asia Fund Class I provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Emerging Asia 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 Asia 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 Asia Fund Class I was 60.82%, occurring on Oct 27, 2008. Recovery took 508 trading sessions.

The chart below shows the rolling one-month volatility.