Fidelity Advisor International Discovery Fund Class Z (FZAIX) belongs to the Foreign Large Cap Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FZAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FZAIX
FZAIX charges 0.90% annually. There are 217 mutual funds in the Foreign Large Cap Equities category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series International Growth Fund | 0.01% | — | Dec 2009 | FZAIX vs FIGSX | |
| Fidelity Series Global ex U.S. Index Fund | 0.01% | — | Sep 2009 | FZAIX vs FSGEX | |
| Fidelity Series International Value Fund | 0.01% | — | Dec 2009 | FZAIX vs FINVX | |
| Fidelity Series Overseas Fund | 0.01% | — | Jun 2019 | FZAIX vs FSOSX | |
| Fidelity Series International Index Fund | 0.01% | — | Aug 2018 | FZAIX vs FHLFX |
Best Risk-Adjusted Alternatives to FZAIX
FZAIX has a PortfoliosLab risk / return rank of 27. There are 292 mutual funds in the Foreign Large Cap Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Tax-Managed International Equities Fund | 92 | — | Jul 1998 | FZAIX vs GTMIX | |
| Touchstone International Equity Fund | 92 | — | Mar 1993 | FZAIX vs SWRLX | |
| SA International Value Fund | 89 | — | Aug 1999 | FZAIX vs SAHMX | |
| Dunham International Stock Fund | 88 | — | Dec 2004 | FZAIX vs DCINX | |
| GMO International Developed Equity Allocation Fund | 87 | — | Jun 2006 | FZAIX vs GIOTX |
Top Performing FZAIX Alternatives (YTD)
FZAIX is at 11.98% YTD. There are 151 mutual funds in the Foreign Large Cap Equities category with higher YTD returns, going as high as 28.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Tocqueville International Value Fu... | 28.55% | — | Aug 1994 | FZAIX vs TIVFX | |
| Fidelity SAI International SMA Completion Fund | 26.94% | — | Apr 2019 | FZAIX vs FISZX | |
| Calamos International Growth Fund | 25.57% | — | Mar 2005 | FZAIX vs CIGIX | |
| Lord Abbett International Growth Fund | 24.40% | — | Jun 2021 | FZAIX vs LIAGX | |
| Dunham International Stock Fund | 23.49% | — | Dec 2004 | FZAIX vs DCINX |
Lowest Volatility Alternatives to FZAIX
FZAIX has 18.58% 1-year volatility. There are 371 mutual funds in the Foreign Large Cap Equities category with lower 1-year volatility, going as low as 8.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Overseas Fund Class C | 8.34% | — | Nov 1997 | FZAIX vs FAOCX | |
| Fidelity Advisor Overseas Fund Class Z | 8.34% | — | Feb 2017 | FZAIX vs FAOSX | |
| Fidelity Advisor Overseas Fund Class A | 8.35% | — | Sep 1996 | FZAIX vs FAOAX | |
| Fidelity Advisor Overseas Fund Class I | 8.36% | — | Jul 1995 | FZAIX vs FAOIX | |
| Fidelity Advisor Overseas Fund Class M | 8.37% | — | Apr 1990 | FZAIX vs FAERX |
Lowest Drawdown Alternatives to FZAIX
FZAIX has a 1-year max drawdown of -13.10%. There are 335 mutual funds in the Foreign Large Cap Equities category with shallower 1-year drawdowns, going as shallow as -6.94%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood AlphaFactor Tactical International Fund | -6.94% | — | Nov 2017 | FZAIX vs RWIIX | |
| Federated Hermes International Strategic Value Div... | -6.97% | — | Jun 2008 | FZAIX vs IVFIX | |
| Fidelity Advisor Overseas Fund Class Z | -7.26% | — | Feb 2017 | FZAIX vs FAOSX | |
| Fidelity Advisor Overseas Fund Class I | -7.28% | — | Jul 1995 | FZAIX vs FAOIX | |
| Fidelity Advisor Overseas Fund Class M | -7.29% | — | Apr 1990 | FZAIX vs FAERX |
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 | FZAIX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.83% | — | Jul 1985 | FZAIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.89% | — | — | FZAIX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.88% | — | — | FZAIX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 19 | 5.06% | — | — | FZAIX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.81% | — | Dec 1987 | FZAIX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.81% | 176.32B | May 1967 | FZAIX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 11.15% | — | — | FZAIX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.41% | — | Nov 1997 | FZAIX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 55 | 13.57% | — | Jun 2016 | FZAIX vs FTIHX |
Often Compared With FZAIX
Investors most often compare FZAIX with VTI, BROIX, SPY. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FZAIX with Any Fund or Stock
Compare FZAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FZAIX with funds that move differently
Fidelity Advisor International Discovery Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FZAIX.
Explore FZAIX Diversifiers