- ISIN
- US31618H2913
- Issuer
- Fidelity
- Inception Date
- Oct 2, 2018
- Category
- Europe Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FIQHX Performance Chart
Fidelity Advisor Europe Fund Class Z (FIQHX) is up 8.6% since the beginning of the year. FIQHX is currently trading at $50 per share. Investors who bought $1,000 worth of FIQHX shares 5 years ago would now be looking at an investment worth $1,373.
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Returns By Period
Fidelity Advisor Europe Fund Class Z (FIQHX) has returned 8.56% so far this year and 21.78% over the past 12 months.
Fidelity Advisor Europe Fund Class Z
- 1D
- 0.84%
- 1M
- 1.94%
- YTD
- 8.56%
- 6M
- 9.37%
- 1Y
- 21.78%
- 3Y*
- 16.59%
- 5Y*
- 6.55%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FIQHX Monthly Returns History
Based on dividend-adjusted daily data since Oct 17, 2018, FIQHX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FIQHX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +8.0%, while the worst single day was Mar 12, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.25% | 1.14% | -7.89% | 7.52% | 2.70% | 1.23% | 8.56% | ||||||
| 2025 | 6.72% | 4.31% | -0.18% | 4.92% | 5.96% | 3.52% | -1.70% | 2.79% | 3.07% | -0.65% | 0.55% | 3.49% | 37.68% |
| 2024 | 0.67% | 3.08% | 3.89% | -2.90% | 4.86% | -1.76% | 2.38% | 4.13% | -1.52% | -5.45% | -0.55% | -2.02% | 4.31% |
| 2023 | 7.54% | -1.67% | 2.44% | 3.34% | -4.90% | 3.83% | 0.77% | -3.90% | -4.63% | -2.40% | 8.81% | 4.96% | 13.79% |
| 2022 | -6.15% | -7.02% | 0.27% | -6.20% | -0.41% | -8.47% | 5.96% | -7.17% | -8.88% | 6.31% | 12.81% | -1.16% | -20.52% |
| 2021 | -1.02% | 1.96% | 2.56% | 4.85% | 2.95% | -1.31% | 1.65% | -0.25% | -5.66% | 3.28% | -6.09% | 4.37% | 6.76% |
Benchmark Metrics
Fidelity Advisor Europe Fund Class Z has an annualized alpha of -0.12%, beta of 0.75, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since October 17, 2018.
- This fund participated in 92.25% of S&P 500 Index downside but only 78.97% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.12%
- Beta
- 0.75
- R²
- 0.62
- Upside Capture
- 78.97%
- Downside Capture
- 92.25%
Expense Ratio
FIQHX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FIQHX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Europe Fund Class Z (FIQHX) 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.
| FIQHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.78 | -1.05 |
| Martin ratioReturn relative to average drawdown | 6.45 | 12.44 | -5.99 |
Dividends
Dividend History
Fidelity Advisor Europe Fund Class Z provided a 2.28% dividend yield over the last twelve months, with an annual payout of $1.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.15 | $1.15 | $1.20 | $0.61 | $0.00 | $6.28 | $0.53 | $2.75 | $3.83 |
Dividend yield | 2.28% | 2.48% | 3.47% | 1.78% | 0.00% | 16.30% | 1.26% | 7.61% | 12.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Europe Fund Class Z. 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 | $1.15 | $1.15 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 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 | $6.28 | $6.28 |
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 Europe 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 Europe Fund Class Z was 37.96%, occurring on Sep 27, 2022. Recovery took 609 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -37.96%Sep 2022 | 1y 24d | 2y 5mo | 3y 6moSep 2021 - Mar 2025 |
COVID crash2020 | -34.41%Mar 2020 | 27d | 4mo 20d | 5mo 17dFeb 2020 - Aug 2020 |
2025 selloff2025 | -13.11%Apr 2025 | 1mo 2d | 21d | 1mo 23dMar 2025 - Apr 2025 |
Rate-hike selloffLate 2018 | -12.48%Dec 2018 | 1mo 16d | 2mo 4d | 3mo 20dNov 2018 - Feb 2019 |
2026 correction2026 | -12.36%Mar 2026 | 1mo 21d | 1mo 17d | 3mo 8dJan 2026 - May 2026 |
Drawdown Indicators
| FIQHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.96% | -56.78% | +18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -9.10% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.24% | -18.90% | +5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -37.96% | -25.43% | -12.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -10.71% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.03% | +1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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