Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX)

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

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Emerging Markets Discovery Fund Class Z, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) has returned 4.17% so far this year and 35.33% over the past 12 months.

Based on dividend-adjusted daily data since Oct 17, 2018, FIQGX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, your investment would double in approximately 6.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +11.1%, while the worst month was Mar 2020 at -22.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FIQGX closed higher 54% 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 -11.0%.

Fidelity Advisor Emerging Markets Discovery Fund Class Z has an annualized alpha of 3.30%, beta of 0.63, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since October 18, 2018.

• This fund participated in 79.36% of S&P 500 Index downside but only 76.80% of its upside — more exposed to losses than it benefited from rallies.
• This fund generated an annualized alpha of 3.30% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FIQGX has a high expense ratio of 1.05%, indicating above-average management fees.

FIQGX 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 Markets Discovery Fund Class Z (FIQGX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Advisor Emerging Markets Discovery Fund Class Z provided a 4.68% dividend yield over the last twelve months, with an annual payout of $0.94 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 Z. 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 Z. 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 Z was 38.41%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current Fidelity Advisor Emerging Markets Discovery Fund Class Z drawdown is 9.55%.

The chart below shows the rolling one-month volatility.