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Fidelity Advisor Emerging Asia Fund Class Z (FIQPX...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US31580A4076
Issuer
Fidelity
Inception Date
Oct 2, 2018
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

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Emerging Asia 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.


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S&P 500 Index

Returns By Period

Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) has returned 0.95% so far this year and 34.45% over the past 12 months.


Fidelity Advisor Emerging Asia Fund Class Z

1D
-1.10%
1M
-12.51%
YTD
0.95%
6M
2.54%
1Y
34.45%
3Y*
20.98%
5Y*
2.56%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 17, 2018, FIQPX's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, your investment would double in approximately 4.6 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +20.5%, while the worst month was Mar 2026 at -12.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FIQPX closed higher 53% of trading days. The best single day was Mar 16, 2022 with a return of +12.5%, while the worst single day was Mar 16, 2020 at -10.7%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20269.10%5.76%-12.51%0.95%
2025-0.51%3.78%-0.22%0.12%4.63%7.87%3.65%3.22%8.45%2.53%-4.49%3.73%37.22%
2024-5.59%7.77%2.78%0.35%2.39%3.19%0.73%0.24%12.69%-2.09%0.68%-2.61%21.13%
202312.83%-7.84%3.86%-4.00%-0.43%4.57%4.81%-4.74%-2.47%-2.43%8.21%2.71%13.98%
2022-7.26%-8.03%-6.91%-9.53%1.41%3.00%-2.68%-2.54%-12.43%-4.38%20.46%-3.18%-30.50%
20216.05%0.21%-6.01%2.86%-1.64%4.71%-10.63%2.37%-3.06%1.23%-4.62%-5.88%-14.73%

Benchmark Metrics

Fidelity Advisor Emerging Asia Fund Class Z has an annualized alpha of 5.20%, beta of 0.80, and R² of 0.49 versus S&P 500 Index. Calculated based on daily prices since October 18, 2018.

  • This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (80.25%) than losses (70.15%) — typical of diversified or defensive assets.
  • R² of 0.49 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
5.20%
Beta
0.80
0.49
Upside Capture
80.25%
Downside Capture
70.15%

Expense Ratio

FIQPX has an expense ratio of 0.81%, placing it in the medium range.


Return for Risk

Risk / Return Rank

FIQPX ranks 83 for risk / return — in the top 83% 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.


FIQPX Risk / Return Rank: 8383
Overall Rank
FIQPX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FIQPX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FIQPX Omega Ratio Rank: 8080
Omega Ratio Rank
FIQPX Calmar Ratio Rank: 8787
Calmar Ratio Rank
FIQPX Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and compare them to a chosen benchmark (S&P 500 Index).


FIQPXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.65

0.90

+0.76

Sortino ratio

Return per unit of downside risk

2.19

1.39

+0.80

Omega ratio

Gain probability vs. loss probability

1.32

1.21

+0.11

Calmar ratio

Return relative to maximum drawdown

2.28

1.40

+0.88

Martin ratio

Return relative to average drawdown

8.29

6.61

+1.68

Explore FIQPX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

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


0.00%2.00%4.00%6.00%8.00%10.00%12.00%$0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.0020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$0.00$0.00$0.00$0.00$0.00$6.57$4.47$2.28$2.35

Dividend yield

0.00%0.00%0.00%0.00%0.01%12.82%6.63%5.47%6.97%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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$6.57$6.57

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 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 Asia Fund Class Z was 57.62%, occurring on Oct 24, 2022. Recovery took 802 trading sessions.

The current Fidelity Advisor Emerging Asia Fund Class Z drawdown is 13.52%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-57.62%Feb 17, 2021426Oct 24, 2022802Jan 6, 20261228
-24.48%Feb 13, 202027Mar 23, 202049Jun 2, 202076
-13.52%Feb 26, 202623Mar 30, 2026
-9.75%May 6, 201964Aug 5, 201959Oct 28, 2019123
-7.77%Jan 21, 20209Jan 31, 20208Feb 12, 202017

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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