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 15 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series Emerging Markets Opportunities Fun... | 0.01% | — | Dec 2008 | FZAEX vs FEMSX | |
| Fidelity Series Emerging Markets Fund | 0.01% | — | Aug 2018 | FZAEX vs FHKFX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.08% | 162.80B | Dec 2010 | FZAEX vs VEMRX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.10% | — | Jun 2000 | FZAEX vs VEMIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.13% | 162.80B | Jun 2006 | FZAEX vs VEMAX |
Best Risk-Adjusted Alternatives to FZAEX
FZAEX has a PortfoliosLab risk / return rank of 87. There are 3 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 95 | — | Jun 1996 | FZAEX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 95 | — | Jun 1996 | FZAEX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 92 | — | Jul 2022 | FZAEX vs WXCIX | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 87 | — | Mar 2004 | FZAEX vs FIMKX | |
| JPMorgan Emerging Markets Equity Fund Class R6 | 87 | — | Dec 2013 | FZAEX vs JEMWX |
Top Performing FZAEX Alternatives (YTD)
FZAEX is at 25.28% YTD. There are 10 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 105.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 105.25% | — | Jun 1996 | FZAEX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 104.45% | — | Jun 1996 | FZAEX vs DEMCX | |
| William Blair Emerging Markets ex China Growth Fun... | 46.00% | — | Jul 2022 | FZAEX vs WXCIX | |
| Calamos Evolving World Growth Fund Class I | 35.58% | — | — | FZAEX vs CNWIX | |
| Templeton Emerging Markets Fund | 31.29% | — | Feb 1987 | FZAEX vs EMF |
Lowest Volatility Alternatives to FZAEX
FZAEX has 21.09% 1-year volatility. There are 22 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.26%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.26% | — | Jan 2019 | FZAEX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.45% | — | — | FZAEX vs GQGIX | |
| Seafarer Overseas Value Fund Institutional Class | 13.24% | — | May 2016 | FZAEX vs SIVLX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 14.14% | — | Jan 2008 | FZAEX vs SFENX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 14.52% | — | Nov 2011 | FZAEX vs FEDTX |
Lowest Drawdown Alternatives to FZAEX
FZAEX has a 1-year max drawdown of -13.71%. There are 29 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.93%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | -6.93% | — | Jan 2019 | FZAEX vs FGKPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | -9.11% | — | — | FZAEX vs GQGIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | -9.45% | — | Jan 2008 | FZAEX vs SFENX | |
| Fidelity Emerging Markets Discovery Fund | -9.54% | — | Nov 2011 | FZAEX vs FEDDX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | -9.55% | — | Oct 2018 | FZAEX vs FIQGX |
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 | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 63 | 11.06% | — | Feb 1988 | FZAEX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.83% | — | Jul 1985 | FZAEX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.89% | — | — | FZAEX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.88% | — | — | FZAEX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 19 | 5.06% | — | — | FZAEX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.81% | — | Dec 1987 | FZAEX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.81% | 176.32B | May 1967 | FZAEX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 11.15% | — | — | FZAEX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.41% | — | Nov 1997 | FZAEX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 55 | 13.57% | — | Jun 2016 | FZAEX vs FTIHX |
Often Compared With FZAEX
Investors most often compare FZAEX with FKEMX, IEMG, VOO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FZAEX with Any Fund or Stock
Compare FZAEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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