FZAEX Alternatives & Similar Mutual Funds

Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) belongs to the Emerging Markets Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FZAEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FZAEX

FZAEX charges 0.90% annually. There are 58 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	FZAEX vs FHKFX
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	FZAEX vs FEMSX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.06%	—	Jun 2000	FZAEX vs VEMIX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	FZAEX vs FERGX
FPADX	Fidelity Emerging Markets Index Fund	0.08%	—	Sep 2011	FZAEX vs FPADX

Best Risk-Adjusted Alternatives to FZAEX

FZAEX has a PortfoliosLab risk / return rank of 76. There are 38 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
LZEMX	Lazard Emerging Markets Equity Portfolio	94	—	Jul 1994	FZAEX vs LZEMX
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	94	—	—	FZAEX vs RLEMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	92	—	Oct 2011	FZAEX vs ESCIX
DEMIX	Delaware Emerging Markets Fund	91	—	Jun 1996	FZAEX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	91	—	Jun 1996	FZAEX vs DEMAX

Top Performing FZAEX Alternatives (YTD)

FZAEX is at 20.59% YTD. There are 29 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 68.59%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	68.59%	—	Jun 1996	FZAEX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	68.34%	—	Jun 1996	FZAEX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	67.60%	—	Jun 1996	FZAEX vs DEMCX
FQEMX	Franklin Templeton SMACS: Series EM	50.59%	—	Nov 2021	FZAEX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	37.39%	—	Oct 2021	FZAEX vs GMAQX

Lowest Volatility Alternatives to FZAEX

FZAEX has 22.33% 1-year volatility. There are 111 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
GSIYX	Goldman Sachs GQG Partners International Opportuni...	9.88%	—	Dec 2016	FZAEX vs GSIYX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.28%	—	Oct 2011	FZAEX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.51%	—	Dec 2016	FZAEX vs GQGPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.53%	—	—	FZAEX vs GQGIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	11.80%	—	Jan 2019	FZAEX vs FGKPX

Lowest Drawdown Alternatives to FZAEX

FZAEX has a 1-year max drawdown of -13.71%. There are 94 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -5.70%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	-5.70%	—	Oct 2011	FZAEX vs ESCIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	FZAEX vs FGKPX
GSIYX	Goldman Sachs GQG Partners International Opportuni...	-7.81%	—	Dec 2016	FZAEX vs GSIYX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	FZAEX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	FZAEX vs COBYX

Other Mutual Funds from Fidelity

The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FXAIX	Fidelity 500 Index Fund	S&P 500	64	9.35%	—	Feb 1988	FZAEX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	80	48.22%	—	Jul 1985	FZAEX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	64	9.94%	—	—	FZAEX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	63	9.87%	—	—	FZAEX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	11	-0.52%	—	—	FZAEX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	40	10.15%	—	Dec 1987	FZAEX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	28	5.62%	176.32B	May 1967	FZAEX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	59	9.06%	—	—	FZAEX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	70	12.57%	—	Nov 1997	FZAEX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	73	12.99%	—	Jun 2016	FZAEX vs FTIHX

Often Compared With FZAEX

Investors most often compare FZAEX with FKEMX, IEMG, VOO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FKEMX	Fidelity Emerging Markets K	Emerging Markets Equities	51	13.98%	—	May 2008	FZAEX vs FKEMX
IEMG	iShares Core MSCI Emerging Markets ETF	Emerging Markets Equities	60	16.38%	152.22B	Oct 2012	FZAEX vs IEMG
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	FZAEX vs VOO
EDIV	SPDR S&P Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	41	7.94%	1.21B	Feb 2011	FZAEX vs EDIV
BSPGX	iShares S&P 500 Index Fund Class G	S&P 500	60	9.35%	—	Jul 2019	FZAEX vs BSPGX
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	51	9.41%	163.30B	Mar 2005	FZAEX vs VWO
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	Emerging Markets Equities	39	7.78%	163.30B	Jun 2006	FZAEX vs VEMAX
FNDE	Schwab Fundamental Emerging Markets Equity ETF	Emerging Markets Equities	77	15.01%	9.70B	Aug 2013	FZAEX vs FNDE
PZIEX	Pzena Emerging Markets Value Fund Institutional Cl...	Emerging Markets Equities	57	11.34%	—	Mar 2014	FZAEX vs PZIEX
PEAFX	PIMCO RAE Emerging Markets Fund Class A	Emerging Markets Equities	32	11.38%	—	Jun 2015	FZAEX vs PEAFX
FEDAX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	85	18.02%	—	Nov 2011	FZAEX vs FEDAX
CNWIX	Calamos Evolving World Growth Fund Class I	Emerging Markets Equities	32	21.73%	—	—	FZAEX vs CNWIX
SIVLX	Seafarer Overseas Value Fund Institutional Class	Emerging Markets Equities	41	7.95%	—	May 2016	FZAEX vs SIVLX
VMCIX	Vanguard Mid-Cap Index Fund Institutional Shares	Mid Cap Blend Equities	44	12.43%	224.00B	May 1998	FZAEX vs VMCIX
FIQGX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	85	18.25%	—	Oct 2018	FZAEX vs FIQGX
JEMWX	JPMorgan Emerging Markets Equity Fund Class R6	Emerging Markets Equities	77	21.14%	—	Dec 2013	FZAEX vs JEMWX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	Emerging Markets Equities	77	31.50%	—	Jul 2022	FZAEX vs WXCIX
EMF	Templeton Emerging Markets Fund	Emerging Markets Equities	81	27.21%	—	Feb 1987	FZAEX vs EMF
FEDTX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	84	17.79%	—	Nov 2011	FZAEX vs FEDTX
FECMX	Fidelity Advisor Emerging Markets Fund Class I	Emerging Markets Equities	44	13.90%	—	Nov 1990	FZAEX vs FECMX

Compare FZAEX with Any Fund or Stock

Compare FZAEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FZAEX with funds that move differently

Fidelity Advisor Focused Emerging Markets Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FZAEX.

Explore FZAEX Diversifiers

Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) Alternatives