- ISIN
- US3159201652
- Issuer
- Fidelity
- Inception Date
- Aug 13, 2013
- 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
FZAEX Performance Chart
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) is up 31.6% since the beginning of the year. FZAEX is currently trading at $56 per share. Investors who bought $1,000 worth of FZAEX shares 5 years ago would now be looking at an investment worth $1,610.
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Returns By Period
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has returned 31.56% so far this year and 64.93% over the past 12 months. Over the last ten years, FZAEX has had an annualized return of 13.25%, just under the S&P 500 Index benchmark’s 13.88%.
Fidelity Advisor Focused Emerging Markets Fund Class Z
- 1D
- 2.42%
- 1M
- 6.45%
- YTD
- 31.56%
- 6M
- 33.29%
- 1Y
- 64.93%
- 3Y*
- 26.41%
- 5Y*
- 9.99%
- 10Y*
- 13.25%
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%
FZAEX Monthly Returns History
Based on dividend-adjusted daily data since Aug 20, 2013, FZAEX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +18.6%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FZAEX closed higher 53% of trading days. The best single day was Mar 16, 2022 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.61% | 5.05% | -10.13% | 12.01% | 9.60% | 2.61% | 31.56% | ||||||
| 2025 | 1.69% | 1.28% | 3.00% | -1.56% | 4.27% | 5.83% | 4.21% | 3.33% | 7.03% | 3.41% | -1.14% | 3.31% | 40.25% |
| 2024 | -5.94% | 4.37% | 4.94% | 2.01% | 2.11% | 2.10% | 0.55% | 0.32% | 7.76% | -4.07% | -3.35% | -0.88% | 9.43% |
| 2023 | 9.26% | -7.34% | 2.30% | -0.29% | -3.59% | 5.31% | 5.94% | -6.95% | -3.34% | -3.49% | 9.14% | 3.22% | 8.60% |
| 2022 | 1.75% | -8.47% | -5.94% | -4.89% | 1.32% | -5.07% | -1.22% | 0.90% | -11.31% | -3.44% | 18.64% | -1.12% | -19.75% |
| 2021 | 3.96% | 0.32% | -0.63% | 1.06% | 2.94% | 0.10% | -7.06% | 1.98% | -4.22% | 1.71% | -4.20% | 2.13% | -2.50% |
Benchmark Metrics
Fidelity Advisor Focused Emerging Markets Fund Class Z has an annualized alpha of 1.58%, beta of 0.76, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since August 20, 2013.
- This fund participated in 82.51% of S&P 500 Index downside but only 78.68% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.58%
- Beta
- 0.76
- R²
- 0.52
- Upside Capture
- 78.68%
- Downside Capture
- 82.51%
Expense Ratio
FZAEX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FZAEX ranks 91 for risk / return — in the top 91% 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 Advisor Focused Emerging Markets Fund Class Z (FZAEX) 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.
| FZAEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.37 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 2.78 | +1.86 |
| Martin ratioReturn relative to average drawdown | 17.84 | 12.44 | +5.40 |
Dividends
Dividend History
Fidelity Advisor Focused Emerging Markets Fund Class Z provided a 1.26% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $0.42 | $0.48 | $0.33 | $1.80 | $0.81 | $3.17 | $0.19 | $0.03 | $0.13 | $0.07 |
Dividend yield | 1.26% | 1.65% | 1.36% | 1.69% | 1.23% | 5.35% | 2.23% | 11.13% | 0.78% | 0.10% | 0.63% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Focused Emerging Markets 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 | $0.70 | $0.70 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
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 Focused Emerging Markets 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 Focused Emerging Markets Fund Class Z was 41.73%, occurring on Oct 24, 2022. Recovery took 697 trading sessions.
The current Fidelity Advisor Focused Emerging Markets Fund Class Z drawdown is 1.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -41.73%Oct 2022 | 1y 8mo | 2y 9mo | 4y 5moFeb 2021 - Aug 2025 |
COVID crash2020 | -32.45%Mar 2020 | 2mo 9d | 4mo 6d | 6mo 15dJan 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -27.42%Oct 2018 | 9mo 3d | 1y 2mo | 1y 11moJan 2018 - Jan 2020 |
2016 bear market2016 | -27.28%Jan 2016 | 1y 4mo | 1y 3mo | 2y 7moSep 2014 - Apr 2017 |
2026 correction2026 | -13.71%Mar 2026 | 1mo 2d | 1mo 5d | 2mo 7dFeb 2026 - May 2026 |
Drawdown Indicators
| FZAEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -56.78% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -9.10% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -18.90% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -39.45% | -25.43% | -14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -33.92% | -7.81% |
Current DrawdownCurrent decline from peak | -1.67% | -1.80% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -12.36% | -10.71% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.03% | +1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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