- Issuer
- Fidelity
- Inception Date
- Feb 9, 2022
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSZZX Performance Chart
Fidelity Sustainable Emerging Markets Equity Fund (FSZZX) is up 33.0% since the beginning of the year. FSZZX is currently trading at $16 per share.
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Returns By Period
Fidelity Sustainable Emerging Markets Equity Fund (FSZZX) has returned 32.99% so far this year and 64.76% over the past 12 months.
Fidelity Sustainable Emerging Markets Equity Fund
- 1D
- 1.42%
- 1M
- 8.86%
- YTD
- 32.99%
- 6M
- 35.98%
- 1Y
- 64.76%
- 3Y*
- 27.20%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FSZZX Monthly Returns History
Based on dividend-adjusted daily data since Feb 18, 2022, FSZZX's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +18.4%, while the worst month was Sep 2022 at -11.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FSZZX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +8.2%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.31% | 6.58% | -9.66% | 15.03% | 6.22% | 3.42% | 32.99% | ||||||
| 2025 | 1.86% | 1.94% | 1.46% | 0.66% | 4.94% | 6.28% | 1.48% | 3.30% | 7.89% | 3.66% | -2.52% | 2.86% | 39.03% |
| 2024 | -3.90% | 6.59% | 1.43% | -0.94% | 1.78% | 4.07% | -0.45% | 0.11% | 5.49% | -2.66% | -3.38% | -1.55% | 6.12% |
| 2023 | 10.67% | -7.11% | 3.63% | -2.38% | -1.03% | 5.18% | 5.05% | -7.39% | -3.04% | -3.39% | 9.19% | 3.47% | 11.47% |
| 2022 | -6.14% | -2.94% | -7.30% | 1.33% | -5.62% | -1.01% | -0.77% | -11.61% | -4.09% | 18.42% | -2.93% | -22.70% |
Benchmark Metrics
Fidelity Sustainable Emerging Markets Equity Fund has an annualized alpha of 2.72%, beta of 0.80, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 22, 2022.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.38%) than losses (78.39%) - typical of diversified or defensive assets.
- R2 of 0.47 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
- 2.72%
- Beta
- 0.80
- R²
- 0.47
- Upside Capture
- 79.38%
- Downside Capture
- 78.39%
Expense Ratio
FSZZX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FSZZX ranks 89 for risk / return — in the top 89% 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 Sustainable Emerging Markets Equity Fund (FSZZX) and compare them to S&P 500 Index.
| FSZZX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.34 | 2.24 | +1.10 |
Sortino ratioReturn per unit of downside risk | 4.09 | 3.07 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.41 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 4.83 | 2.93 | +1.90 |
Martin ratioReturn relative to average drawdown | 18.47 | 13.52 | +4.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Sustainable Emerging Markets Equity Fund provided a 0.77% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.13 | $0.14 | $0.05 |
Dividend yield | 0.77% | 1.02% | 1.48% | 1.74% | 0.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Sustainable Emerging Markets Equity Fund. 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 | $0.12 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2022 | $0.05 | $0.05 |
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 Sustainable Emerging Markets Equity Fund. 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 Sustainable Emerging Markets Equity Fund was 33.67%, occurring on Oct 24, 2022. Recovery took 483 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -33.67%Oct 2022 | 8mo 4d | 1y 11mo | 2y 7moFeb 2022 - Sep 2024 |
2025 selloff2025 | -17.12%Apr 2025 | 6mo 2d | 1mo 5d | 7mo 7dOct 2024 - May 2025 |
2026 correction2026 | -13.52%Mar 2026 | 1mo 2d | 17d | 1mo 19dFeb 2026 - Apr 2026 |
2025 pullback2025 | -6.37%Nov 2025 | 22d | 1mo 12d | 2mo 4dOct 2025 - Jan 2026 |
2026 pullback2026 | -6.08%May 2026 | 7d | 9d | 16dMay 2026 - May 2026 |
Drawdown Indicators
| FSZZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -56.78% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -9.10% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -18.90% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -10.72% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.97% | +1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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