- Issuer
- Fidelity
- Inception Date
- Feb 9, 2022
- Category
- Emerging Markets 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
FSZZX Performance Chart
Fidelity Sustainable Emerging Markets Equity Fund (FSZZX) is up 19.2% since the beginning of the year. FSZZX is currently trading at $14 per share.
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Returns By Period
Fidelity Sustainable Emerging Markets Equity Fund (FSZZX) has returned 19.20% so far this year and 39.43% over the past 12 months.
Fidelity Sustainable Emerging Markets Equity Fund
- 1D
- 3.76%
- 1M
- -3.09%
- 6M
- 9.06%
- YTD
- 19.20%
- 1Y
- 39.43%
- 3Y*
- 19.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.80%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FSZZX Monthly Returns History
Based on dividend-adjusted daily data since Feb 18, 2022, FSZZX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 54% of months were positive and 46% 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 Jun 5, 2026 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.31% | 6.58% | -9.66% | 15.03% | 6.22% | -0.72% | -6.63% | 19.20% | |||||
| 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 0.42%, beta of 0.83, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 18, 2022.
- This fund participated in 92.42% of S&P 500 Index downside but only 82.65% of its upside - more exposed to losses than it benefited from rallies.
- 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
- 0.42%
- Beta
- 0.83
- R²
- 0.47
- Upside Capture
- 82.65%
- Downside Capture
- 92.42%
Expense Ratio
FSZZX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FSZZX ranks 63 for risk / return — above 63% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return 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.
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.
| FSZZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.00 | +0.74 |
| Martin ratioReturn relative to average drawdown | 8.23 | 8.49 | -0.26 |
Dividends
Dividend History
Fidelity Sustainable Emerging Markets Equity Fund provided a 0.86% 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 | 0.86% | 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 | $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.
The current Fidelity Sustainable Emerging Markets Equity Fund drawdown is 10.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.67%Oct 2022 | 8mo 4d | 1y 11mo | 2y 7moFeb 2022 - Sep 2024 | Bear market2022 |
-17.12%Apr 2025 | 6mo 2d | 1mo 5d | 7mo 7dOct 2024 - May 2025 | 2025 selloff2025 |
-13.61%Jul 2026 | 1mo 26d | — | 2mo 1dJun 2026 - now | — |
-13.52%Mar 2026 | 1mo 2d | 17d | 1mo 19dFeb 2026 - Apr 2026 | — |
-6.37%Nov 2025 | 22d | 1mo 12d | 2mo 4dOct 2025 - Jan 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 | -13.61% | -9.10% | -4.51% |
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 | -10.37% | -1.58% | -8.79% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -10.70% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.14% | +2.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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